FT: “Argentina needs a plan for investment-led growth”

Tuesday, February 18th 2020 - 06:32 UTC

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The Financial Times dedicated on Monday an editorial to Argentina and its current strategy to avoid again defaulting by pressing on the IMF, and later on sovereign bondholders, for a significant haircut in its national debt approaching 90% of GDP. However, FT points out that “debt talks are unlikely to succeed without a strategy for economic revival” Read full article

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Livepeanuts
Would you put your savings in to Argentina with a Peronist / Kirchner type of Government in Argentina?
Remember the expropriation of the Spanish oil company, the non payment of bonds, the default of Argentina?
Macri found out that you can't buy a stable currency, but that Argentina should have known already, and should NOT have wasted so much hard currency for nothing.
It is difficult to see how Argentina can go back to the 1930s and before and to spend what it earns. In an incredible turn of events, Argentina voted in the peronists after getting rid of them five years ago.
Peronism shouldn't have even been considered by any normal society as a viable government.
Feb 18th, 2020 - 02:38 pm - Link - Report abuse 0
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