, Columnist
Argentina’s Debt Deal Promises No Salvation
The flaws in the planned 22nd agreement with the International Monetary Fund make it all too likely that the country may default again this decade.
Argentina’s long dance with the IMF has yet to produce a happy landing.
Photographer: Ronaldo Schemidt/AFP via Getty Images
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The International Monetary Fund and Argentina are like a terminally unhappy couple trying to repair a broken marriage. No matter how often they decide to give it another shot, the end result is always the same: broken promises and a resurfacing of old disputes.
The two sides are once again tentatively moving toward an agreement, the 22nd in their history.