[diegof79]

I know that political topics are not suitable for HN.

But, as an Argentinian, I’d like to clarify that this financial rescue is intended for Milei.

We will have midterm elections soon, and the government is doing whatever it can to keep the USD exchange rate down so it doesn’t impact inflation and public perception. But this type of “rescue” is a band-aid, and it’s usually bad in the mid-long term.

In 2018, the IMF took a similar action. They extended the largest loan in their history, to cover bonds and provide some respite to Macri at the onset of an election year.

And if you wonder why this happens, it’s a combination of politicians who put their desire to stay in power over their country, geopolitics (a country in debt with you is easy to control), and high interest rates from high-risk bonds.

Sadly is a cycle repeated over and over in my country. In fact, the economy ministry that we have today it’s the same one involved in the 2018 negotiations with the IMF.

[tills13]

This is the libertarian guy too, no? So he hard reset the economy, failed (?), and is now getting bailed out by the Americans so he can stay in power?

Why

[hulitu]

> Why

Because business is business. You help us, we help you.