More austerity is coming and not because there is support for it but because those are the conditions dictated by IMF, Argentina cornered itself and people can rebel and protest all they want but meanwhile the real wages have to continue dropping and the peso has to continue printing in order to tax the population to the maximum, especially the exporters. the objective is to balance the budget and restart the economy, not that it's going to happen in a planned efficient way but it's a test nevertheless, to see how much belt-tightening Argentines are willing to endure before they start burning cars and smashing store-fronts. if the newly elected government decides not to abide by IMF's plan of action and refuses to take on more austerity then we can expect a technical default in early 2020 and brief panic in the exchange market, hence anticipate a fantastic buying opportunity for dollar holders, either way, all debts will be paid at the end anyways and at a higher rate, talk about waste...
