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ARG peso collapse makes things worse for Macri, as peso stability supposed to arrest political costs of his IMF-supported austerity.
important to recall that Argentina program among IMF's toughest austerity (fiscal consolidation) ever. As I said last year, difficult to see how Macri can hold onto power while inflicting such high social costs pagina12.com.ar/133021-un-bald…
perhaps @Lagarde regrets not walking the talk on capital controls for Macri. Argentina will have no choice now but to impose them anyways.
