IMF insists Argentina must improve measuring inflation method

Monday, September 26th 2011 - 06:34 UTC

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Nicolas Eyzaguirre, the IMF director for Latin America, stated that Argentina must apply “major measures” to improve its method of measuring the inflation. Read full article

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GeoffWard2
I would have thought the IMF only have a valid reason to demand this if Argentina tried to borrow money through the IMF.

As this is highly unlikely, given the statements coming out of Argentina, let the country have the 'dual monetary understanding'.

It keeps the politicians happy to have a low 'official' position,
and it keeps industry and the unions happy to have the REAL position constantly available for industrial negotiations, etc.

And if - heaven forbid - the country HAS to go to the IMF, there is a long monitary history of the REAL position available, on which to base the loan/repayment conditions.
Sep 26th, 2011 - 08:42 pm - Link - Report abuse 0
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