MercoPress. South Atlantic News Agency
IMF strong support helps stabilize Argentine Peso; Macri preparing new economic package
Argentina’s beleaguered peso stabilized on Friday as the central bank said it would auction a large amount of dollar reserves, and the International Monetary Fund (IMF) issued a strong statement of support for President Mauricio Macri’s government. Read full article
Comments
Disclaimer & comment rulesWe are soooo relieved!
Sep 01st, 2018 - 03:34 pm - Link - Report abuse -2The dollar is no longer worth 40 pesos! It's worth only 38, thanks to millions thrown into the fray by the central bank.
So now, the IMF being what it really is and has been, is asking for more blood in the form of increased adjustment of the Argentine economy.
Not so long ago, the Fund was still preaching its newly found “social” vocation, vowing to care about the needy above all.
Now, the ugly reality emerges as the country sinks into a deeper recession with each passing day and newspapers such as La Nacion urge Macri to abandon the much-parroted 'gradualism' and forge ahead with the reforms needed to set the clock back 70 years.
Oh, but we would be remiss thinking that La Nacion forgets about the destitute. The traditional spokesperson of the wealthy and powerful has published a story that teaches creative ways for workers to enjoy staying home during holidays.
Now, that's called progress!
Instead of doing what he promised (whatever that was?) Macri just kept on spending like a drunken sailor. Unfortunately, now we will have to endure 20 more years of miserable Peronist populism since these mongrels likely will return in 2019.
Sep 02nd, 2018 - 11:46 pm - Link - Report abuse +1Well, not me - I've left this pathetic “country”. There's no helping Argentina. The country has fallen off the stupid-cliff and there's no way back.
@Jonaz
Sep 03rd, 2018 - 06:30 pm - Link - Report abuse -1Jonaz is one of those examples of wisdom and clear reasoning we don't often see.
Live and learn:
According to Jonaz, Macri “spent like a drunken sailor” and did not fulfill his promises.
As a result, Argentines will have to “endure” Peronism from 2019 on.
How sorely mistaken I was. I thought democracy was more or less based on citizens freely electing governments, re-electing the good ones and ditching those that performed poorly.
But hey, Jonaz ultimately does not care. He has lost all hope and left Argentina, which he now calls a pathetic “country.”
I am sure millions of Argentines will rush to subscribe a petition asking Jonaz to come back and help the country back in track.
Two cents U.S..
Sep 04th, 2018 - 01:22 pm - Link - Report abuse -1That's the floor for 2018.
Reekio,
Sep 05th, 2018 - 06:00 pm - Link - Report abuse 0“But hey, Jonaz ultimately does not care. He has lost all hope and left Argentina, which he now calls a pathetic “country.””
Isn't there a bit of pot-kettle there? You left Argentina yourself.
@ZB
Sep 08th, 2018 - 01:16 am - Link - Report abuse 0Smart boy, eh?
It is true that I don't reside in Argentina and haven't for a number of years.
That fact of life would never prompt me to tarnish my home country.
In addition, 'countries' cannot be blamed. But certain people should.
Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!