By Libertad y Progreso, courtesy of Ámbito Financiero “Whoever bets on the dollar loses.” This famous phrase was said by former Minister of Economy Lorenzo Sigaut in 1981, to try to convince Argentines to stop saving in dollars. As expected, reality prevailed with an exchange rate escalation. Today the BCRA is […]
Tag: exchange
Are Central European countries ready for the Euro?
By Zsolt Darvas, courtesy Bruegel Institute Southern European euro-area members suffered from unsustainable developments after they joined the euro in 1999 and up to 2008, and have had great difficulties since. Inadequate national policies were the main causes of these unsustainable developments, but euro […]