Greetings! Today Geopolitical Monitor has published my latest article!
While the world's mediatic attention was all focused on Iran and North Korea, the recent financial troubles in Argentina went almost unnoticed. Still, the country had to raise its interest rates three times in a week to a 40% rate in an attempt to counter the rapid depreciation of the peso, and asked the IMF for assistance.
Is another financial crisis looming in Argentina? Difficult to say, but one thing is sure: its macroeconomic instability risks once more to undermine its international role. Yet, its natural resources (natably vast shale oil & gas deposits) may allow Argentina to boost its economy and with its its geopolitical influence in South America.
If you want to know more, reas my latest publication by clicking here!
Photo source: Kremilin.ru, modified