[marshmallow]

Looks like those temporary bandages are starting to unravel again.

[SteamshipTime]

For their next trick, the government of Argentina will suspend the law of gravity.

[Free the USA]

Check the Bump List folders for articles related to and descriptions of the above topic(s) or for other topics of interest.

[dalebert]

What is it about banks south of the border?

[The Duke]

IMF aid sought

Hair of the dog, baby!!!! ;}

[The Duke]

Buy low, sell high.

[DeaconBenjamin]

The IMF package would force Argentina to slash thousands of public sector jobs...

Wow, for the first time I wish that the IMF would bail out the US! :-)

[Cincinatus' Wife]

***The IMF package would force Argentina to slash thousands of public sector jobs, a move that would impose further economic hardship on the Argentine people. Argentina's latest economic crisis, which began in earnest late last year after the country missed repayments on its $140bn debt, has been marked by violent street protests. Earlier this week, the IMF said it expected the Argentine economy to contract by 10-15% this year.***

They need to go for the longterm fix instead of the short term one. But it takes someone with leadership abilities, who won't be run out of office or one who won't pander just to stay in office. However, this is difficult, if not impossible, until the system of bribes and payoffs is stopped.

The same situation is on the horizon in Venezuela. I don't see Hugo stepping down. He's ruined the economy, as he's taken over the government and blames his problems on the middle class and the oil company while inciting class warfare. It isn't pretty what's happening and the time is ripe for communism to sweep this whole area.