July 15, 2024

AndronETalksNews

AndronETalksNews

ARGENTINE ON THE VERGE OF FINANCIAL COLLAPSE

South Front

Written by Lucas Leiroz

November 18, 2021

Argentina seems to be on the verge of a financial collapse. Right after the remarkable defeat of Alberto Fernandez’s party in the parliamentary elections, which was a historic victory by the rightist opposition against the Peronist left, the Argentine president presented, in a speech transmission to the population on television, the first step towards defining a new accord with the International Monetary Fund. It will be another chapter in the history of constant friction between the South American country and the financial institution, which has remained since the military dictatorship of the 1950s. This time, the focus of the crisis is the country’s enormous debt to the Fund left by the previous government, during the administration of Mauricio Macri.

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