Brazil’s central bank struck back with shock-and-awe rate hike. Mexico’s central bank in tough spot after hit to economy. Argentina’s inflation at 42%.
Telefonica, with operations in Venezuela, Argentina, Chile, Peru, Ecuador, Colombia, and Mexico, is on the verge of “junk,” and the ECB holds some of its debt.
If Argentina possessed the dedication to logic and collective will to do something so drastic, they would not be in this predicament in the first place.
