While the former inherited a healthy economy with euro adoption on the agenda, the latter is struggling to squeeze, albeit belatedly, his predecessor's runaway deficit.
The rules, with a two-year phase-in, are meant to rein in runaway deficit spending and foster long-term stability.
This is an attempt to curb runaway deficit spending and restrict teams to income generated from broadcast rights, ticket sales, corporate sponsorships, merchandising and competition prize money.
After all, Republicans made a lot of political hay over a supposedly runaway deficit early in the Obama administration, and they have maintained the same rhetoric even as the deficit has plunged.
The government hopes that a budget agreement will persuade the International Monetary Fund that Argentina is serious about tackling a runaway deficit and that it should release $1.3 billion in financing.
In Britain, meanwhile, the opposition Conservatives, scenting victory in a general election due within a year, are preparing to roll back public spending to curb the runaway deficit, which was incurred partly to rescue wayward banks and combat the recession.
