Argentina Needs Intensive Care

Tuesday, September 24th 2019 - 09:26 UTC

Full article 5 comments

By Anne Krueger (*) - Argentina's President Mauricio Macri knew that he had inherited a sick economy when he took office in 2015, but failed to take his medicine. As a result, the country now has no choice but to face up to a period of painful structural adjustment. Read full article

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golfcronie
Where are Tinkle and et al to convince us that this lady is talking rubbish.
Sep 25th, 2019 - 09:25 am - Link - Report abuse +1
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:o))
REF: “When Mauricio Macri, succeeded the Peronists in 2015, he inherited an absolute mess”:

Funny, he is yearning to inherit a yet bigger mess AGAIN!
Sep 26th, 2019 - 08:52 pm - Link - Report abuse 0
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Enrique Massot
Anne Krueger was in charge of the IMF when it denied a loan to Argentina, which was one of the factors leading to the catastrophic default of 2001.

She emerges from wherever she nestles to parrot the same theories the IMF has held for decades that have mercilessly deepened recession in many already heavily indebted countries.

“For an economy as distorted as Argentina’s, there is no medicine that can prevent a period of painful adjustment,” she wrote in the above article.

Well, madame. Portugal, for example, was successful when it followed a different path. Alberto Fernandez has been overwhelmingly been endorsed by the Argentine electors on a totally opposed direction to that recommended by the IMF's. His goal is to put the country on a path of growth while implementing a more equitable distribution of the national revenue in favour of the workers and the poor.

It will be interesting to see, after the Oct. 27 presidential election, whether Alberto and Cristina are able to go past obstacles and implement their platform, and whether they succeed reversing the current downward trend.
Oct 01st, 2019 - 05:25 pm - Link - Report abuse 0
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Zaphod Beeblebrox
“Alberto Fernandez has been overwhelmingly been endorsed by the Argentine electors...” except the majority of Argentine electors in Mendoza.
Oct 01st, 2019 - 05:37 pm - Link - Report abuse 0
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Enrique Massot
@ZB

Alberto Fernandez has been been endorsed...”except (by) the majority of Argentine electors in Mendoza,” Zaphod dixit.

You are right...Mendoza is the exception...every cloud has a silver lining, Zaphod!
Oct 01st, 2019 - 06:14 pm - Link - Report abuse 0
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