Argentina secures 8.8 billion in new loans

[A Antares]

The writer of the article actually believes that the money will be put to good public use.

For your reading entertainment:

Argentina Secures $8.8 Billion in Loans: Boosting Competitiveness Without Compromising Sovereignty - Gateway Hispanic

In a major move to bolster its economy and improve competitiveness, Argentina has secured $8.8 billion in loans from international financial institutions.

gatewayhispanic.com

 

[Redpossum]

Because borrowing more money when you're already 40 billion USD in debt makes such perfect sense.
And of course it's so in keeping with Libertarian principles. Adam Smith would be proud!

 

[jbeas176]

the fact that they are willing to lend argentina money is a good thing. curious about the interest rate.

 

[Redpossum]

the fact that they are willing to lend argentina money is a good thing. curious about the interest rate.

I understand what you mean by this, that it means others see Argentina's economy as worth betting on.

But in another sense, it's not at all a good thing. It's like giving drugs to an addict. Argentina has been a serial abuser of international credit since the 19th century.

 

[Quilombo]

the fact that they are willing to lend argentina money is a good thing. curious about the interest rate.

I live here and the amount of money I would charge the Argentine state for a loan would be usurious, but maybe I'm just risk adverse. Fool me 9 times... won't get fooled again. (If you know, you know )

 

[xaxage]

Because borrowing more money when you're already 40 billion USD in debt makes such perfect sense.
And of course it's so in keeping with Libertarian principles. Adam Smith would be proud!

Maybe that is for Refinancing ? Replace the old debt with the new one with a smaller % rate.