๐Ÿ‡ฆ๐Ÿ‡ท IMF BIGGEST Bailout in History! Argentina Currency Drops To Record Low!

in #money โ€ข 6 years ago

Argentina has just received the biggest bailout in IMF history. A massive loan to a country that has been suffering with high levels of inflation, a devalued currency, and the South American Viral Contagion that continues to spread. Weakness prevails and the economy will not strengthen in the foreseeable future.

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โ„น๏ธSources Used in This Video โ„น๏ธ
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IMF Reaches Staff-Level Agreement with Argentina on a Three-Year, US$50 Billion Stand-By Arrangement
http://www.imf.org/en/News/Articles/2018/06/07/pr18216-argentina-imf-reaches-staff-level-agreement-with-argentina
Argentina bailout: $50 billion loan, biggest in IMF history - Business Insider
http://www.businessinsider.com/argentina-bailout-50-billion-loan-biggest-in-imf-history-2018-6
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IMF admits mistakes in Argentina crisis - Telegraph
https://www.telegraph.co.uk/finance/2891368/IMF-admits-mistakes-in-Argentina-crisis.html
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UPDATE 4-Venezuela's PDVSA raises prospect of force majeure on oil exports -sources | Agricultural Commodities | Reuters
https://af.reuters.com/article/commoditiesNews/idAFL2N1T728R
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6 years ago in #money by
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    ย 6 years agoย 

    Still wonโ€™t help their fundamental problems . Just throwing money down a pit . ARGENTINA ๐Ÿ‡ฆ๐Ÿ‡ท is a country that needs to revamp what theyโ€™re doing . I donโ€™t know what resources they have except its people , but if they donโ€™t have a hot commodity then the continuation of more help seems redundant if no significant changes to industry or governance . More bailouts that go NOWHERE .

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