I wish them the best, but I am not sanguine.
by BeijingIrish (2024-01-18 17:48:48)

In reply to: You seemed to be suggesting that I was dismissing BI  posted by ravenium

Cannot Reply Return to Political

But not because of Milei. Rather, it seems to me that Argentina is hobbled by a deep, pervasive sickness that was conveyed across the South Atlantic by the Italian immigrants destined to become part of the country’s largest ethnic group. “Let’s see if we can do worse than we did in Libya.” Il tocco di Mida—in retromarcia.


Nine defaults, which includes 3 over the last 2 decades
by DBCooper  (2024-01-18 18:12:31)     cannot delete  |  Edit  |  Return to Board  |  Ignore Poster   |   Highlight Poster  |   Cannot reply

Will do that.

It is weird that a country that seems to have a lot of potential has such a difficult time with its debt.

Argentina had a bigger per capita GNP than the US until 1932
by BeijingIrish  (2024-01-18 19:33:33)     cannot delete  |  Edit  |  Return to Board  |  Ignore Poster   |   Highlight Poster  |   Cannot reply

They have done nothing since then except to squander every advantage that should have propelled them into the ranks of developed countries. They enjoy abundant natural resources, including oil and gas; they have a small, literate, European population; they feed themselves and export the rest; etc. Yet, they present themselves to us as a permanent ward of the IMF and other multilateral institutions. They stand there, hand extended, either begging for new loans or demanding forbearance.