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The United States is directly purchased by Argentine Pesos on Thursday and completed a $ 20 billion lines in Argentina, Secretary of Treasury in Argentina Scott bet Says to a social media post, a remarkable step aimed at the recovery of powerful financial markets in cash-strapped Latin ally.
“The US Treasury has been prepared, then, to obtain any unique measures required to provide strength in markets Luis Caputo in Washington DC in the cement.
Argentina’s Libertarian Javier Milei, an attractive US president Donald TrumpThanks to Banses for his “strong support” and Trump for his “powerful leadership.”
“Be with, as closest allies, we will make a hemisphere of economic freedom and prosperity,” says Milei in a social media post.
Besstent, under the fire from US farmers and democratic lawmakers, it is understood that credit transfer is not a cailout. Farmers will be angry with Argentina, whose own farmers benefit from a new Gush to sell Chinese soybeans to cost their US counterparts. Lawmakers pushed Trump to explain how financial aids of his “Son” agenda.
After announcing Thursday, a group of democratic senators introduced “No Argentina Bailout Act,” which prevents the Treasury department from using Exchange Staturization Fund atVentina.
“It is not understandable that President Trump promotes a foreign government, while he has restrained ourselves,” Democratic Senator Elizabeth Warren in Massachusetts, a statement said. “Trump ‘America’s America promised,’ But he put himself and his billionaire friends before and the Americans remained in the bill.”
It does not help repeat wings that fail to reinforce the economic hit by the Argentina crisis. As the largest financial fund, owed global lender that is an annoying $ 41.8 billion.
Milei, a wild-haired distant economist, arrived at the office in the late 2023 of the bold promise that this time was different from this time.
He swears to take a Chainaw to prevent public spending he inherited from his left wing before. But his radical austerity program hurts, with no economic economic economic and the argentines have lost patience.
Now the mile faced his biggest test as he went to an election in the midterm Congression on October 26 to judge the fate of his free market. A malicious loss of local election last month prompts a sudden discharge from Argentine workers who have been disrupted by Polications Dysfunted.
US financial assistance offers Milei is an important reference. On Thursday, Dolominated Bonds in Argentina raises 10% of Bessent Confirmation on the line of credit and the Buenos Aires Stock Market 15%.
Economy Minister Caputo declares his “deepest appreciation” in line with following the notice.
“Your consistency is unique,” he wrote.
Nothing mentioned in any economic situation goes to the swap line for Argentina, leading many observers to criticize a loyal friend because of a loyal friend instead of an investment in a strategic partner.
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Debre reported from Buenos Aires, Argentina.
