Argentine devaluation consistent with IMF guidelines

Tuesday, August 15th 2023 - 10:23 UTC

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The International Monetary Fund es expected to release over US$ 10 billion to Argentina which might come as some sort of relief following Monday's decision to devaluate the local peso in the aftermath of the government's poor performance Sunday at the Open, Mandatory, and Simultaneous Primary (PASO) elections. Read full article

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Falklands-Free
Whoever becomes the next president of Argentina will decide its future. It will either be more of the same, or a complete regime change.
It will be a long hard road to recovery, but with a new change it can happen. If it remains the same as present, then the people of Argentina are facing possible total economic failure and destruction of the entire country.
Often looking from the outside in, one can see the cracks that are growing, but convincing those who need to fix it is not easy when looking from the inside out.
Since 1982 and even before Argentina has been troubled by the power of a very dangerous and corrupt regime. They have failed to grasp that opportunity given to them when their dictator was removed with the help of the British who defeated that regime on the Falkland Islands.
This is the chance to start over, turning round the corruption and rebuilding what was once a great country. If the people of Argentina truly do want change, this coming elections will be that opportunity. Use your vote wisely.
Aug 15th, 2023 - 11:29 am - Link - Report abuse +1
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Chicureo
Falklands-Free

I completely agree with your sentiment:

“This is the chance to start over, turning round the corruption and rebuilding what was once a great country.”

However, knowing my neighbors - they're hopeless focused on blaming the rest of the world for their numerous problems.

There is a reason why the Argentine populace have the highest quantity of mental care specialists in the world...

¡Saludos de Panquehue!
Aug 15th, 2023 - 03:50 pm - Link - Report abuse +1
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Pugol-H
Problem is that Argentina is in such a bad state that any and all remedies will involve much pain for the population, a hard sell to a population that is already suffering.

Much easier to believe in magical solutions and mythical Islands, than face cold hard reality.

As for corruption, until they get a grip on that then nothing is going to work as it should. Here too getting people to stop is ‘a hard sell to a population that is already suffering’.

No pain no gain and no silver bullets.
Aug 18th, 2023 - 11:03 am - Link - Report abuse 0
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Chicureo
PUGOL

Speaking of the opposite of: “No pain no gain and no silver bullets.”

Today Madame and I finished our plans for the annual Independence Day holiday - (September 18).

This will be a wonderful “COVID free” celebration and we're expecting a large crowd - with music and entertainment.

Food will consist of two whole roasted pigs, grilled chicken, empanadas and all the traditional salads.

It's perhaps the largest event to be held at our family farm.

Desserts are still being debated, but it's just a small detail.

My very best regards!

Saludos de Panquehue!
Aug 18th, 2023 - 04:02 pm - Link - Report abuse 0
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Pugol-H
Chicureo
It sound delicious, no doubt all served with a choice of excellent wines.

Enjoy and thank the lord for your blessing.

Saludos de Colonia Nervia Glevensium.
Aug 19th, 2023 - 01:32 pm - Link - Report abuse 0
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Chicureo
Pugol

Thanks for your wishes...

Surprising the most popular beverages are Coke, beer, decent red wines and
Chicha (produced from corn, the sacred crop of the Incas).

You'll note we will not serve beef, but will definitely offer grilled sausage on fresh bread with Chilean salsa.

¡Saludos!
Aug 19th, 2023 - 03:01 pm - Link - Report abuse 0
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