Argentina: Macri`s Herculean Task
(WorldNews Argentina)

Argentina has made good progress in the past years, but a lot of work remains to be done. The Argentine stock market is priced to perfection and assumes it will be a walk in the park. We don´t agree and when our fear materializes the stock market could take a dive. A history of defaults Argentina is endowed with a vast amount of highly fertile land. Between 1860 and 1930, exploitation of the rich land of the pampas strongly pushed economic growth. By 1913, Argentina was the world`s 10th wealthiest nation per capita. Nevertheless, Argentina has defaulted on its international debt seven times since its independence in 1816. The first sovereign default came only 11 years after independence....