Argentinians borrowed ludicrous amounts of money to blow on gibs for their populace as a whole. It wasn't a kleptocracy where some dictator absconded with the cash, it was the majority of the population. Time for them to pay for decades of YOLO fiscal policy.
Let me ask you something.
Would you have made that loan?
If not, why not?
No, for the same reason I dont loan money to people to buy beer and cigarettes. That type of loan simply delays deserved suffering.
It's still an honest loan either way and deserves to be repaid. They preferred gibs to hard work and responsibility, and it's past time to pay up.
It's still an honest loan
Bleeeeehhhhh sthaaaaaaap. You're killing me.
So you would know better, but the poor folk at the IMF just made an honest loan that didn't work out?
I don't think you believe that. Not really. Unless you think predatory loans whose purpose from the beginning is leverage (& not repayment) still count as "honest".
International debt is a weapon & we should just view it as such: https://youtu.be/XWuAct1BxHU
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