Face it: Argentina is out of money.
https://wolfstreet.com/2019/09/16/how-currency-controls-affect-doing-businesses-in-argentina/
If Argentina possessed the dedication to logic and collective will to do something so drastic, they would not be in this predicament in the first place.
https://wolfstreet.com/2019/09/11/why-argentina-will-never-dollarize/
Three interest rate hikes in one week, to 40%, imply the first two didn’t work, and the Central Bank is not in control.
https://wolfstreet.com/2018/05/06/what-happened-to-argentina-peso/
The incredible credibility conundrum.
https://wolfstreet.com/2017/08/04/gambling-on-argentine-politics-us-dollar-vs-short-term-debt/
How do you know when inflation is about 40%?
https://wolfstreet.com/2017/04/11/argentina-economy-finally-grows-inflation-40-percent/
A collective reckoning? A painful but unavoidable come-to-Jesus moment? Or continuing down an inflationary spiral?
https://wolfstreet.com/2017/01/17/inflation-gets-real-not-just-nominal-in-argentina/
Time, that fickle mistress, is persistently stalking Macri’s administration and is not on his side.
https://wolfstreet.com/2016/10/26/this-could-spark-the-next-crisis-in-argentina/
An economic nightmare that's politically painful to untangle.
What does “Political Manipulation” of Ugly Data add up to?
A dismissive attitude to the suffering of the population.
https://wolfstreet.com/2016/04/27/is-argentina-lying-about-inflation-again/