
Macri Moves to Fix Financial Crisis
Interactive Video
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Business, Social Studies
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University
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Practice Problem
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Hard
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President Macri announced new economic measures, including halving ministries and introducing export taxes, aiming to eliminate the fiscal deficit by next year and achieve a surplus by 2020. These measures are intended to boost investor and public confidence amid recent economic instability. Investors have long awaited such reforms, moving away from gradualism to more immediate actions. Upcoming events include meetings with the IMF for early disbursements and budget discussions, which will test the government's ability to implement spending cuts without a congressional majority.
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2 questions
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1.
OPEN ENDED QUESTION
3 mins • 1 pt
What are the potential implications of the new reforms for Argentinian assets?
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2.
OPEN ENDED QUESTION
3 mins • 1 pt
What is the significance of the meeting with Christine Lagarde and the IMF?
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