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1/As #Argentina's country risk reaches new highs, the @ft's states #Macri's "approach to muddling through market volatility while keeping constituents happy is failing" as Argentina is "the world's second-riskiest sovereign borrower behind Venezuela."
https://ftalphaville.ft.com/2019/04/25/1556180002000/Argentina-is-on-the-brink/ …
3/ Also, the change in the exchange rate policy may backfire later on as keeping the nominal exchange rate stable actually appreciates the real exchange rate. Worryingly, this may lead to "a sizeable, and potentially destabilising, adjustment at a later date"
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