World News@lemmy.worldEnglish · 2 months ago

Bessent Says US in Talks With Argentina Over $20 Billion Bailout

www.bloomberg.com

Bessent Says US in Talks With Argentina Over $20 Billion Bailout

www.bloomberg.com

BCBoy911@lemmy.ca to

World News@lemmy.worldEnglish · 2 months ago

US Readies $20 Billion Rescue to Help Milei Win in Argentina

www.bloomberg.com

The US plans to extend a $20 billion swap line to Argentina and is ready to buy the country’s foreign bonds, providing much-needed financial support to President Javier Milei as he tries to regain investor confidence and stem a run on the peso.

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Dollar and Euro are going the same way eventually. Dollar first obviously, but Euro will follow.

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