Why investors are cheering Argentina’s ‘shock therapy’
Analysts believe the radical measures announced this week by new President Javier Milei offer a realistic opportunity to rescue the South American economy.
Few phrases have more power in economic policy than the simple words: “There is no money.”
Treasurers have often used the message whenever they are criticised for trying to tighten the purse strings. Now, Argentina’s new economy minister is pinning his policies on the same problem.