Why Lavagna was the only man for the job | “Can you pay me before I die?”
A letter from the IMF:
IMF responds to Nielsen accusations
A letter from Guillermo Nielsen:
.......and Nielsen responds to the IMF
In an account written exclusively for Euromoney, Nielsen reveals how the government took the key steps to resolve the financial crisis, and pulls no punches on Argentina’s relations with the IMF.
It’s a fascinating insight into how running a country is more than just about following Excel spreadsheets and textbook policies.“YOU DON’T HAVE a banking system, most banks will go broke in 15 days, the best banks can last two months at the most. You have to launch a compulsory bond swap of the frozen reprogrammed deposits, and reinforce the liquidity controls. You are in the middle of a dangerous monetary overhang that will end up in hyperinflation.” ...
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