Could it be and just in time for the elections? Perhaps!

[Pensador]

Interesting read

Subscribe to read | Financial Times

News, analysis and comment from the Financial Times, the worldʼs leading global business publication

www.ft.com

 

[sts7049]

can't read behind the paywall

 

[Pensador]

Try this seems to work this way.

Investors warm to brighter signs from Argentina

Not long ago markets had a giant “sell” on Argentina. The currency was tumbling, inflation was spiralling and stocks were going nowhere, as concerns mounted over the country’s ability to resist the allure of its past populist policies. But a late-April announcement from the central bank that it...

news.google.com

 

[camberiu]

But a late-April announcement from the central bank that it would no longer allow the peso to float freely within a designated band

This is not a long term solution. He is doing it for electoral purposes.

 

[Ries]

I still dont see how the answer to Argentina's problems is waiting for people to send them money.
No economy in the world does well that way.
You need to have industry, consumers, and an in-country economy.
You dont build a viable system by selling the most profitable things to foreign investors cheap.

And the history of foreign investment in Argentina hasnt been all that stellar. Strip mining, offshore oil rigs, and failed consumer chains.
The most successful consumer chains in Argentina are mostly homegrown.
The Chileans own Jumbo and Easy- and they suck, killing small local stores that actually stock what you need, instead selling crap from china.
That doesnt seem like a win to me.

 

[Pensador]

This is not a long term solution. He is doing it for electoral purposes.

No kidding but if we can finally rid ourselves of the K epidemic might be worth it.