US EditionAs Trump Targets China in Argentina Bailout Offer, Analysts Fear ‘Debt Trap’
Support for Bessent's $20 billion rescue package weakens amid investor panic and a 7% drop in the Argentine peso, following insufficient IMF aid earlier this year.
3 Articles
3 Articles
UPDATE: Hedge fund billionaire pressed Treasury Secretary for Argentina bailout, Argentine media reports
On September 24, Treasury Secretary Scott Bessent announced a $20 billion package to rescue the Argentinian economy. It was a dramatic move to bail out a country that has little economic impact on the United States. Argentine President Javier Milei is scheduled to meet President Trump at the White House later this month.On Monday, Popular Information revealed that the taxpayer-funded bailout had massive economic benefits for hedge fund billionai…
BUENOS AIRES.— The record of Treasury Secretary Scott Bessent as an effective peacemaker of turbulent markets is being tested in Argentina, where investors question the value of his pledge of support last week to President Javier Milei. Just a week after the Argentine assets skyrocketed after Bessent’s declaration of offering “all options for stabilization,” the operators dropped more than 6% to the Argentine peso against the dollar on Tuesday, …
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- 50% of the sources lean Left, 50% of the sources are Center
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