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tintory@lemm.ee to World News@lemmy.ml · 2 years ago

Argentina Lifts Wages, Welfare in Defiance of IMF Austerity Push

news.yahoo.com

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Argentina Lifts Wages, Welfare in Defiance of IMF Austerity Push

news.yahoo.com

tintory@lemm.ee to World News@lemmy.ml · 2 years ago
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(Bloomberg) -- Argentina’s Economy Ministry announced measures to improve government workers’ salaries and funnel money toward retirees and poorer families, defying an International Monetary Fund appeal earlier this month for the country to spend less.Most Read from BloombergAuto Union Boss Wants 46% Raise, 32-Hour Work Week in ‘War’ Against Detroit CarmakersGoldman Is Selling a Wealth-Advisory Unit to $240 Billion Money ManagerCitadel Vets 69,000 Intern Applicants to Find Next Math GeniusesChin
  • elouboub@kbin.social
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    2 years ago

    According to a 2020 study, austerity increases the risk of default in situations of severe fiscal stress, but reduces the risk of default in situations of low fiscal stress.

    https://en.wikipedia.org/wiki/Austerity#Empirical_considerations

    Hammer, see nail.

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