Menem May Not Be Ready To Fade Away

The President defends his legacy and ponders running again

In his more than 10 years as President, Carlos Saul Menem helped tame runaway inflation, lift barriers to trade and investment, and privatize state-owned enterprises from the telephone system to oil company YPF. But as Menem, 69, winds down his time in office, Argentina is suffering through its worst recession in years. On Oct. 24, voters will choose a new President: either Fernando de la Rua of the opposition Alliance, who leads in the polls, or Eduardo Duhalde of Menem's Peronist Party. On Oct. 5 at the presidential residence in the Buenos Aires suburb of Olivos, Menem talked with Ian Katz, Business Week's Sao Paulo bureau chief, about the election, his legacy, and his plans.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.