“Argentina – ninth national bankruptcy is imminent” By Angelica Dominguez-Cardoza and Cristoph Trebesch, courtesy of IfW Kiel As Argentina’s elections were set to begin Sunday, the state is headed for yet another bankruptcy. The government has borrowed nearly $45 billion overseas in just two years. The country’s debt ratio has nearly doubled since 2015 to […]
Tag: peso
How can populism govern without money?
By Agustín Etchebarne, Director, Libertad y Progresso Originally published in Ambito Financiero. Courtesy of Libertad y Progresso. The uncertainty generated by the possible triumph of the Peronist Fernández-Fernández ticket in Argentina is big and impossible to dismiss at the moment. Naturally, the markets […]
Argentina can’t shake decades of misgovernment
The election of Mauricio Macri as Argentine president in 2015 was widely viewed as an encouraging development for Argentina and South America generally, as he promised to restore fiscal responsibility, rein in government spending and revive the country’s economic fortunes. But Macri’s administration has encountered […]