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May 15, 2019

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I sort of think that the elections, and the focusing of economic issues on the outcome of which, is overshadowing how dire Argentina's situation is, with respect to debt repayment, and the sheer dependence on external finance or export.

This is a perspicacious analysis, and I wish to give credit where credit is due. Argentina's problems stem from two related problems:

(1) The place's history gives it little credibility;
(2) As Shah8 say, the place depends on external finance, because there is not enough internal savings.

If you could wave a magic wand and fix either one of those two things (not even both, just one), then Argentina would still have problems, but nothing like the ones it has been facing over the past three decades.

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