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Praise for Argentina from IMF and credit rating agencies but austerity measures “are tough”

Monday, April 18th 2016 - 08:06 UTC
Full article 9 comments

Following President Mauricio Macri’s economic policies and the deal with the holdout funds, Argentina will help to bring stability and a larger economic growth to Latin America, now facing a declining economy mainly because of Brazil’s downfall, representatives from the International Monetary Fund said. Read full article


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  • The Voice

    Blimey, looks like too many Fajitas!

    Apr 18th, 2016 - 08:38 am - Link - Report abuse 0
  • chronic

    Damn, Augie ate Michoacán!

    Hey Augie, what do you call Mexico without American remittances?


    Words not to live by: “Moodys/S&P said . . . .”

    Apr 18th, 2016 - 08:53 am - Link - Report abuse 0
  • Klingon

    “It’s good to have important countries such as Argentina making things right, as it will lead to a larger growth and stability in the region,” Agustín Carstens said.
    Yep he knows all about growth. !!
    Fat bastard lives!!

    Apr 18th, 2016 - 09:09 am - Link - Report abuse 0
  • Islander1

    Typical International Banker - wonder how many airline seats he has to have to spread his fat arse on?

    Apr 18th, 2016 - 09:25 am - Link - Report abuse 0
  • Skip

    “...the elimination on transport and energy subsidies, the elimination of foreign currency restrictions and the lower import and export taxes.”

    Things that people have stated are bad for Argentina for years and yet people have this idea that all problems would be fixed instantly.

    Argentina is far from perfect and yet it is closer to it than it was just 4 months ago. What else do people want or expect?

    A first world, developed free-market economy in just 4 months?

    Apr 18th, 2016 - 09:45 am - Link - Report abuse 0
  • chronic

    5. “far from perfect”


    Apr 18th, 2016 - 09:56 am - Link - Report abuse 0
  • Marti Llazo

    @6 Far from perfect?

    Far from functional.

    Apr 18th, 2016 - 01:08 pm - Link - Report abuse 0
  • Briton

    If IMF and the great and honest Christine Lagarde
    says its good then it must be true,

    Argentina will improve greatly and become a world class country again,

    then again
    was this not the same Christine Lagarde who has just stated that the UK will crash if it comes out of the EU,

    perhaps she got the papers mixed up.

    Apr 18th, 2016 - 07:23 pm - Link - Report abuse 0
  • Enrique Massot

    Wow! So many distinguished personalities are shedding tears of joy at the coming back of Argentina into the fold--things are looking soooo good for the country!!
    “The government is trying to build a strong base, which will then lead to a sustainable growth, stability and a much better life quality in Argentina,” says--without smiling--Agustin Carstens.
    So far, Argentines have seen little of that. Instead, they have seen massive layoffs in both the public and private sectors; a 40 per cent devaluation; the loss of billions in export tariffs, complemented with an opening of imports; inflation dwarfing that of CFK's time.
    Oh, but don't panic. All the pain is an evil the country must go through in order to access paradise later. And after all, what those people think? They already enjoyed a decade of well being they did not deserve--not it's time to pay.

    Apr 19th, 2016 - 04:53 am - Link - Report abuse 0

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