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IMF strong support helps stabilize Argentine Peso; Macri preparing new economic package

Saturday, September 1st 2018 - 07:46 UTC
Full article 6 comments

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


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  • Enrique Massot

    We are soooo relieved!

    The 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!

    Sep 01st, 2018 - 03:34 pm - Link - Report abuse -2
  • Jonaz_BsAs

    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.

    Well, 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.

    Sep 02nd, 2018 - 11:46 pm - Link - Report abuse +1
  • Enrique Massot


    Jonaz 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.

    Sep 03rd, 2018 - 06:30 pm - Link - Report abuse -1
  • chronic

    Two cents U.S..

    That's the floor for 2018.

    Sep 04th, 2018 - 01:22 pm - Link - Report abuse -1
  • Zaphod Beeblebrox


    “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.

    Sep 05th, 2018 - 06:00 pm - Link - Report abuse 0
  • Enrique Massot


    Smart 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.

    Sep 08th, 2018 - 01:16 am - Link - Report abuse 0

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