Argentina is on the brink of bankruptcy. Because that’s the name for where you are when you desperately need a promise of a bailout to buy time, while you may still need the full bailout later, as both the Financial Times and The Economist admit.
Due to an acute crisis, triggered by a local but crucial election defeat for the government of self-declared “anarcho-capitalist” and chainsaw artist Javier Milei, the country’s currency has now crashed and wobbled and its stock market plunged repeatedly.
Milei’s recent “crushing setback” (Al Jazeera) in the key province of Buenos Aires shell-shocked his supporters abroad: Bloomberg TV deplored a “big…
Read the full article at RT.COM
