The International Monetary Fund granted Argentina a 57.100 million dollar loan a year ago, to save it from another default. I wrote then that they were crazy and Lagrade would pay with his head this imbecility. u$s 57.100 million is the largest ever loan of the IMF and about the 60% of its capital.
Well, Lagarde was kicked upstairs to head the European Union's Central Bank, and his second, David Lipton (pic) took the fall and was sacked. Kristalina Georgieva, the Bulgarian replacement of Lagarde, is reorganizing the IMF leadership. The Argentine loan intended to help pro-USA President Macri to win the elections, but the populist, irresponsible Peronist party returned to power and the loan will never be paid back.
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