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#Argentina’s steady reductions in unsustainable public subsidies, established during the 2001 crisis, show impressive grit and political courage. Most leaders would have long ago given up on adjusting electricity, gas, fuel and transportation prices.
Deficit reduction is critical in #Argentina, but it must be tempting to ease up on utility price hikes by citing inflationary consequences, the political capital price tag and (albeit apples and oranges) the U.S., where debt exceeds 90% of GDP and deficits exceed $1 trillion.
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