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1) “The gradual fiscal adjustment strategy seems to have outlived its usefulness,” @GoldmanSachs’s Alberto Ramos wrote in a research note on #Argentina Thursday, @The_Dialogue’s #LAAdvisor reports.
2) OK, Wall Street, which preferred shock therapy from Act 1, Scene 1, wins this round against gradualismo. But now we’ll test President @mauriciomacri’s hypothesis, that #Argentina can only bear a dose of ajuste without severe political costs, or even a social explosion.
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