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Business / Finance

The crisis in Argentina can be costly to all

MQL5: Blogs Traders 15.08.2019 at 09:24

Blogs traders and analyst of financial markets

Problems in one of the most prominent developing countries in the world with the 3rd economy in Latin America – in Argentina - are increasingly beginning to worry investors. The case may come back to haunt far beyond the borders of the country.

the Most important thing, shouting investors – no populism, no intervention in free markets. And then there's a good chance that the current President of Argentina Mauricio Macri, under the solid impression of a loss of 15% in the primaries and in the desire to keep all the same "chair" for a start giving a completely unrealistic promises to somehow fix the situation.

in Fact, the promise is already gone. Makri for reducing income tax and increasing subsidies for social services.

Financial markets immediately alarmed, what will happen next.