carride
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Could BRICS rescue Argentina’s economy?
Right-wing presidential candidates tout commitment to the West, but severe financial crisis could necessitate a shift.
Could BRICS rescue Argentina’s economy?
- Thread starter carride
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BRICS could, but China isn't known to throw good money after bad, and Milei and Bullrich to a lesser extent are openly hostile to basically non-white countries (they've really been saying the quite part out loud lately) so I doubt it.
Again, as the article says, we're struggling to pay a 45 Billion dollar IMF loan, but we'll some how manage to get ANOTHER 40 billion to dollarize? and poof, we'll magically be able to afford to payback what will likely be over 100 Billion dollars in principle and interest between the two? If you lend 100 Billion dollars to Argentina at this point you deserve to lose it all, because I do not see a reality in which we can pay that much money back when we struggle with 45.
Again, as the article says, we're struggling to pay a 45 Billion dollar IMF loan, but we'll some how manage to get ANOTHER 40 billion to dollarize? and poof, we'll magically be able to afford to payback what will likely be over 100 Billion dollars in principle and interest between the two? If you lend 100 Billion dollars to Argentina at this point you deserve to lose it all, because I do not see a reality in which we can pay that much money back when we struggle with 45.
mc kenna
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No! the only ones that can save Argentina's economy is the Argentine people with the correct leadership starting by the whole population demanding transparency and keeping the administration in check every month at least.
Argentina is a powerhouse of making money except that unfortunately that money never makes it to where it is supposed to go.
Just in case you doubt money is being made here , see how desperate all these brilliant politicians are fighting over power and once again unfortunately, none of them are worth spit. So, no brics , no miracles from the IMF just transparent leadership and pioneers , god knows this country is empty, there's more room that they know what to do with.
Argentina is a powerhouse of making money except that unfortunately that money never makes it to where it is supposed to go.
Just in case you doubt money is being made here , see how desperate all these brilliant politicians are fighting over power and once again unfortunately, none of them are worth spit. So, no brics , no miracles from the IMF just transparent leadership and pioneers , god knows this country is empty, there's more room that they know what to do with.
carride
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Uggg. I posted this very old article from May. Also, it had Already been posted here in the past. my badCould BRICS rescue Argentina’s economy?
Right-wing presidential candidates tout commitment to the West, but severe financial crisis could necessitate a shift.www.aljazeera.com
