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SunshineGirl · 36-40, F
Why do you regard the $15bn currency swap to Argentina as creditable?
CedricH · 22-25, M
@SunshineGirl It demonstrates that this administration has more to offer than solely predatory economic policies, it’s uncharacteristic for the Trump administration which usually tries to extract economic rents from its allies. In this case a pro-American, democratic government facing acute illiquidity receives the support it needs to overcome a macro-financial crisis. It‘s also imperative that Milei‘s reform process succeeds, for the sake of Argentina and other countries who ought to implement neoliberal structural reforms, especially in Europe.
SunshineGirl · 36-40, F
@CedricH Milei's "reform process" clearly has not succeeded in the eyes of the international markets. He has pursued an anti-inflationary policy at the expense of of his people's welfare and future. Trump is bailing out a fellow ideological traveller with US taxpayers' money.
CedricH · 22-25, M
@SunshineGirl Not at all a fellow traveller. Anyways, the international markets don’t distrust the reforms they distrust the Argentinian people - and rightly so - this currency swap should be seen as a hedge against the volatility of the Argentinian electorate amidst painful but necessary structural reforms and adjustments.
SunshineGirl · 36-40, F
@CedricH An interesting interpretation . .
You can't just ignore 46m people. Getting consent and support for economic reform is the tricky part of government, that Milei does not seem to have mastered.
You can't just ignore 46m people. Getting consent and support for economic reform is the tricky part of government, that Milei does not seem to have mastered.
CedricH · 22-25, M
@SunshineGirl I think that’s a fair and astute observation on your part but it can be applied equally to all reform-oriented Argentinian Presidents of the last 30 years, Carlos Menem, Mauricio Macri and Milei. It would help if Milei had solid legislative majorities in Congress, just as Thatcher did in the 1980s. Alas, he does not.