Argentina bets 60 percent interest rates – and $50B international bailout – will revive its economy
- Written by Robert H. Scott III, Professor of Economics & Finance, Monmouth University
Argentines protest the austerity measures of the IMF bailout. AP Photo/Natacha PisarenkoAn economy in recession. Pesos fleeing the country. The worst drought in decades. The world’s highest interest rates. The biggest bailout in the history of the International Monetary Fund.
Sound scary?
For Argentina, it’s more of the same, as it has...
