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Meanwhile, dramatic budget cuts are not in Argentina's long-term interest, @FitchRatings concludes, as tax increases and reductions in infrastructure spending "could exacerbate deep competitiveness challenges." 4/
In any event, President Alberto Fernández has ruled out austerity, insisting in his 1st state of the union he would never "pagar la deuda a costa del hambre." 5/
For more on Argentina's debt challenges, stay tuned for our upcoming podcast interview with Todd Martinez, @FitchRatings's lead Argentina analyst, and subscribe to @LATAMProg's free digital newsletter. https://engage.wilsoncenter.org/onlineactions/YQcpNdU-sU-dusDkAOYDtw2 …. 6/
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