What a mess
Argentina is in a full-on crisis and there's no easy way out. There's even talk he could be pushed out.
We know export taxes are bad but this is an emergency
Will reduce number of ministries to less than half of current total
With this devaluation poverty will rise
Prices of some essential foods will be controlled
Must make every effort to balance budget
Argentina may reach agreement with IMF in days
Peso weakness exaggerated by Brazil and Turkey situation
It's bad.
Here's an 11-month, USD-denominated government of Argentina bill. That's paying a tidy 11.5%
