The U.S. has stepped in with an extraordinary bailout of Argentina. Here's what it means
www.cnbc.com
The Treasury Department has extended a financial lifeline to Argentina in apparent hopes of heading off an emerging market financial crisis.

The U.S. is providing a $20 billion currency swap line with Argentina’s central bank — essentially exchanging stable U.S. dollars with volatile pesos.

While Argentina poses little systemic risk, it can still matter in terms of flight risk for capital along with volatility in debt and commodity markets.

In addition to economic and market matters, the U.S. has a significant political stake in what’s happening in Argentina

  • Enkrod@feddit.org
    19·
    16 hours ago

    And the Trump regime has a vested interrest in propping up other fascist to “prove” that their economic model (robbing the populace) can work (at least until they are done with their raid)