Bad outlook for IMF loan; 'cutting all ties with Beijing'...ending currency swap are conditions

[sergio]

Argentine financial markets record setback after Milei's failed mission

Argentine financial markets experienced a sharp decline Friday amid the global economic storm triggered by a trade war between the U.S. and China following President Donald Trump’s tariffs spree. The market downturn, compounded by a nearly 7% drop in oil prices and a 10-year U.S. rate at 3.87%...

en.mercopress.com

 

[LuckyLuke]

Wow, the plot thickens...everything is happening so fast. What is not great news is that the US just threw most of it's diplomacy out the window for it's nationalist crusade. While the US carries 16% of the IMF council vote, there are many many other countries that may no longer care what the US endorses.

 

[sergio]

Wow, the plot thickens...everything is happening so fast. What is not great news is that the US just threw most of it's diplomacy out the window for it's nationalist crusade. While the US carries 16% of the IMF council vote, there are many many other countries that may no longer care what the US endorses.

I don't know that many countries can just ignore the US. And just how important is Argentina to the nations that pay into the IMF?