Re: Javier Milei triumphantly pulls Argentina out of financial ruin.

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Sujet : Re: Javier Milei triumphantly pulls Argentina out of financial ruin.
De : here (at) *nospam* is.invalid (JAB)
Groupes : misc.news.internet.discuss
Date : 14. Mar 2024, 21:11:35
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Organisation : A noiseless patient Spider
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On Thu, 14 Mar 2024 17:46:29 +0100, D <nospam@example.net> wrote:

Javier Milei triumphantly pulls Argentina out of financial ruin


According to figures released Tuesday by the government's INDEC
statistics agency, Argentina's monthly inflation slowed down to 13.2%
in February, compared to 20.6% in January and 25.5% in December. On a
yearly basis, however, inflation remains the highest in three decades,
topping 276.2% in February.
...
...
A self-described anarcho-capitalist, Milei assumed power in December
and almost immediately announced a series of shock measures, including
a 50% devaluation of the nation's currency in hopes of eventually
bringing the country's roaring inflation under control.

https://apnews.com/article/argentina-inflation-milei-economy-b742f06a3565fbcea24ff925420adf38

It ain't over, until inflation is over:-)

50% devaluation of the nation's currency

Which means imported products soar in price.
====
Javier Milei Must Dollarize to Raise Argentina's Incomes
His popularity depends on them going up.
March 14, 2024
...
...
Too many leaders have applied austerity instead of currency
stabilization--often under pressure from the financial community. In
Nigeria, Egypt, Ethiopia, Haiti, Argentina and many other poor
countries, financiers and central bankers profit from devaluations
even as poverty worsens.

https://www.wsj.com/articles/javier-milei-must-dollarize-to-raise-argentina-incomes-6767fbcd



Date Sujet#  Auteur
14 Mar 24 * Javier Milei triumphantly pulls Argentina out of financial ruin.7D
14 Mar 24 `* Re: Javier Milei triumphantly pulls Argentina out of financial ruin.6JAB
14 Mar 24  `* Re: Javier Milei triumphantly pulls Argentina out of financial ruin.5D
15 Mar 24   `* Re: Javier Milei triumphantly pulls Argentina out of financial ruin.4JAB
15 Mar 24    `* Re: Javier Milei triumphantly pulls Argentina out of financial ruin.3D
16 Mar 24     `* Re: Javier Milei triumphantly pulls Argentina out of financial ruin.2JAB
16 Mar 24      `- Re: Javier Milei triumphantly pulls Argentina out of financial ruin.1D

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