“IMF never again”: Argentinean Assessment Of The $50Bil IMF Deal

“IMF never again” says this graffiti in Argentina. There is widespread suspicion in Argentina about the new IMF deal, reports the BBC. Why? If, as the IMF Managing Director stated that As we have stressed before, this is a plan owned and designed by the Argentine government, one aimed at strengthening the economy for the benefit of all Argentines.” “At the core of the government’s economic plan is a rebalancing of the fiscal position,” reports the IMF. Why the cryptic language use of the fancy term “rebalancing,” and why are Argentines suspicious?