ARGT - Time For An Argentine Economic Policy Rethink
To say that all is not going well with the Argentine economy would be a gross understatement.
Argentine inflation keeps rising, the economy continues to sink, and the currency is again swooning. And it does so despite Argentina having received the largest IMF financial support program on record for any country in an amount close to US$60 billion. This has to raise serious questions as to whether Argentina's IMF program might not need some serious rethinking.
Under the IMF's program of fiscal adjustment and a very restrictive monetary policy stance aimed at stabilizing the currency,