IMF approves release of $11 billion loan for Argentina - part of a record $56 billion bailout

[sandensea]

2. Well said, Judi. It's all basically a campaign contribution for Macri for the elections this year.

But, of course, on Argentina's dime: to be repaid at $12 billion a year for five years. One more thing for the next president to worry about, sadly.

You know, Argentina has never defaulted on an IMF loan (28 countries have) - but they may soon have to, if this keeps up.

To be fair, the problem isn't so much Cheeto as it is the Miami extremists that have long since taken over the State Dept.'s Western Hemisphere office.

They have lunch with a couple of Argentine fascists - who in private have nothing but racist contempt for Cuba, I can assure you - and that's all it takes.

From then on, it's: Macri = friend; anyone else = 'communist!' (especially if named Kirchner). Like Pavlov's pigeons.

The best part is that, like the GOP-backed dictatorship 40 years ago, hardly anyone has been worse for Argentine business than Macri. The bankruptcies, closures, losses, and layoffs are now endemic - and mounting every day.

Thanks as always for keeping up with so much, Judi. Happy Equinox tomorrow!