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A look back: How Trump's LAST Argentine bailout turned out... [View all]
We've been here before: Trump, in 2018, forced the IMF to lend $45 billion to his old pal Mauricio Macri - who convinced Trump he "needed the loan to win" his 2019 re-election race.The bailout did Macri no political good at all.
And the bailout money? 80% of it was used by Argentine elites and foreign speculators (mostly right-wingers) to dollarize and offshore their Argentine assets - leaving Argentina the (unpayable) tab.
The country never recovered - and probably never will.
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