This Time Is Different? For Argentina and IMF, It Had Better Be
- Memories of 2001 crash rekindled as $50b bailout hits trouble
- Macri walks tightrope, trying to get re-elected amid austerity
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Argentina and the International Monetary Fund have history. Not the good kind. Their last loan deal was among the most disastrous of all time.
That’s why the stakes are so high –- for both sides –- as Argentina resumes the role of IMF borrower after almost two decades. And already there are signs that the current $50 billion bailout is getting blown off course.