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Montevideo, March 20th 2019 - 09:34 UTC

The Economist: Will Argentina's woes spread?

Monday, May 14th 2018 - 08:20 UTC
Full article 12 comments

Argentina has much in common with yesterday's emerging markets, but little in common with today's Read full article


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  • Enrique Massot

    “Argentina today has a reformist government largely intent on doing the right thing…”

    Wow. How fortunate are we to have a government “intent on doing the right thing.”

    This story should be read by all citizens, so that they can know any concerns about the quick loss in value of the peso and the decision to borrow from the IMF are nothing to be worried about.

    Indeed, any alarming news circulating these days are nothing but the work of sore losers part of the opposition.

    The current “Yawning deficits, stubborn inflation, a plunging currency, spiking interest rates, dwindling reserves and a humbling turn to the IMF,” should not be interpreted as the current government’s lack of capacity to do what's right.

    Thanks to the above story, we now know these small bumps are just a consequence of the actions of “the populist administrations that blighted (Argentina’s) recent past.”

    May 14th, 2018 - 05:17 pm - Link - Report abuse -3
  • Think

    Aaaaaaaamen..., brother Henrik...;-)

    May 14th, 2018 - 06:20 pm - Link - Report abuse -3
  • DemonTree

    Yeah. If Argentina has so many problems, maybe they should consider that the 'reformist government' is NOT doing the right things.

    May 14th, 2018 - 08:23 pm - Link - Report abuse -1
  • Think

    We know who's to blame...

    May 14th, 2018 - 10:22 pm - Link - Report abuse -2
  • DemonTree

    OMG! It was Enrique all along!

    And hearing that reminded me of something I wondered before: how would you translate your name into Spanish? Do you think of it as being imperative? Or what?

    May 14th, 2018 - 11:25 pm - Link - Report abuse 0
  • Enrique Massot

    Help! I came to the wrong country! I guess I will have to go ask Donald Trump for asylum...


    One should not be too harsh on the Argentina electors. We need to take into account the Macri government is the first rightist one to be voted into power, as the previous ones were always imposed by force.

    The Cambiemos front has had not only the support of the mainstream media--it had an efficient propaganda machine, an army of trolls, and did not hesitated to spell outright lies to lure the electors.

    The party in power, on the other hand, had gone through 12 years in power during which inevitably errors were made--and abundantly exploited by a militant army of dubious journalists.

    However, Argentina has a tradition: that bad governments and dictators never grow old being in power. For one reason or another, Argentines grant a generous honeymoon to new governments, but grow impatient real fast if things are going downhill.

    Now, the current government has used faster than any other its initial capital of trust--and has nobody to blame but itself.

    Some are already saying there is no way Mauricio Macri will be going for a second term in 2019 if the agreement with the IMF is signed.

    Here comes Maria Eugenia.

    May 14th, 2018 - 11:56 pm - Link - Report abuse -1
  • Think

    Mr. DemonTree...
    RiverPlatense imperative...: “PENSÁ”

    Sr. Enrique Massot...
    You say...:
    ***“Here comes Maria Eugenia.”***
    Noooooooooooooooooo way..., I say...
    La TutankaMoria Casan la recontrafulminó el otro día en National Prime Time Television...
    La llamó ***“ CARA DE DULCE DE BATATA”***..., la llamó...
    Tiene poder de observación la vieja..., tiene... ;-)))

    May 15th, 2018 - 10:09 am - Link - Report abuse -2
  • DemonTree

    No point, Trump doesn't want immigrants from ShitCountries like Canada. You have to be a Norwegian like Think.

    Menem's government was on the right wasn't it? Macri is the first non-Peronist president since whenever, but that doesn't seem to mean a whole lot when there are Peronists on every part of the political spectrum. Anyway, governments in Argentina do seem fond of making drastic changes, which surely doesn't help with stability in the country.

    Macri going for a second term probably depends on what happens after the agreement with the IMF, but it's not looking good for him.

    That's not even in the dictionary. :(

    Reading your posts is more like trying to solve a riddle, do you do it on purpose?

    May 15th, 2018 - 12:32 pm - Link - Report abuse 0
  • Think

    Yes..., it is...

    May 15th, 2018 - 12:51 pm - Link - Report abuse -2
  • DemonTree

    “Due to the fact that Rioplatense is merely a peculiar dialect and not a language...”

    Lol, a peculiar dialect for peculiar people? I'm not sure this bit meets Wikipedia's standards of having a neutral tone. ;)

    And five different words for 'you', all with different conjugations is more than a tad excessive. How did you even decide between the singular and the plural for your translation?

    May 15th, 2018 - 04:14 pm - Link - Report abuse 0
  • BM

    Argentina should do like Ecuador an Panama abolish the peso and use dollars as its Currency

    May 16th, 2018 - 12:00 am - Link - Report abuse +2
  • Enrique Massot


    Sorry BM, this has already been tried and failed. The problem is not the money unit, but what the economy is doing. Is it fueling production and consumption as well as a healthy trade position? Or is it fueling short-time gains to speculators, discouraging production and shrinking the population's purchase power?

    No country has prospered by imposing recessive formulas on the population--it works exactly the opposite--something our illuminated dominant class cannot see or comprehend.

    May 16th, 2018 - 04:42 pm - Link - Report abuse -1

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