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Montevideo, September 29th 2023 - 17:20 UTC
Fitch Ratings in March joined two other major ratings agencies in giving Uruguay its coveted investment grade, a move that lowers the nation’s borrowing costs and opens up opportunities for new investors. Read full article
If we accept what it says in http://en.mercopress.com/2013/05/01/unpleasant-surprises-for-the-uruguayan-economy-predicts-a-us-financial-group the answer is Down the tubes! Aided by the millstone called argieland round its neck.
The previous attempt at monger scaring by Molano says more about his boutique investment business than it does Uruguay.
This article shows more thought and maturity and the 2014 election, if it goes as the fix says it will, the effect (after the throwing money at the electorate) will be MUCH better governance and I expect a degree of thinning out of the bloated government employment.
Certainly, the stupidity of TWO finance 'ministers' will be knocked on the head and I hope and trust that the commies close to Pepe will be out on their ears as well.
What concerns me more than anything is the upcoming train crash in ARs economy and WHEN it will happen. The timing is crucial as far as my investment decisions are concerned.
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