CovOps
Location : Ether-Sphere Job/hobbies : Irrationality Exterminator Humor : Über Serious
| Subject: 'Socialist Paradise:' Argentina's central bank hikes rates to 60% as the currency collapses Thu Aug 30, 2018 10:04 pm | |
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- Investors are increasingly concerned Latin America's third-largest economy could soon default as it struggles to repay heavy government borrowing.
- The peso is down more than 45 percent against the greenback this year, exacerbating pre-existing fears over the country's weakening economy and inflation running at 25.4 percent this year.
- "I know that these tumultuous situations generate anxiety among many of you ... I understand this, and I want you to know I am making all decisions necessary to protect you," Macri said.
https://www.cnbc.com/2018/08/30/argentina-crisis-peso-crashes-to-record-low-amid-imf-plea.html
Nya, nya, nya!
:I buy!: |
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