Macri in New York to convince investors Argentina in on track to stability and address the UN assembly

Monday, September 24th 2018 - 09:19 UTC

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Argentine president Mauricio Macri is in New York where he is scheduled to address the United Nations General Assembly on Tuesday, but will also be holding a round of talks with business leaders and potential investors, plus granting interviews to key media outlets. Read full article

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Enrique Massot
“...it is a hard road but it was the only possible way,” Macri dixit.

Sure. Borrow money and then some more, until nobody wants to lend you a single additional dollar because you have not increased the country's repayment capacity--indeed, you have seriously reduced it.

And when all doors are shut on your face, go to the last-resort lender to borrow still some more--this time with the stiff conditions the IMF imposes.

Two months later, after failing to fulfill a single one of the IMF conditions, you have to go to renegotiate a different agreement.

While doing so, Macri was dancing in NY while the people he is supposed to represent marched in the streets of Buenos Aires in preparation for a general strike.

And Macri says all of this was the only possible way.
Sep 27th, 2018 - 01:37 am - Link - Report abuse -1
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