The Price of Cheap Dollar-Debt: Argentina’s Peso Collapses 24% in 2 Days as Government Begs for Faster IMF Bailout
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Peso collapses despite the $50-billion IMF bailout and the central bank’s 45% interest rate. Just when you think Argentina’s financial crisis can’t get worse, it gets a whole lot worse. In order to halt the peso from collapsing further, the IMF, after some serious begging from the government, had agreed to … Read more