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martes, 5 de febrero de 2013

Argentina: The IMF is tired

The IMF Has Put Argentina On The Road 
To The Worst Punishment It Can Possibly Give


It has come to this: Argentina has until November to change it's statistics on inflation and GDP or get kicked out of the International Monetary Fund.

This story goes back to 2007, when late Argentine President Nestor Kirchner fired the statisticians in INDEC (the Argentine Bureau of Statistics) and replaced them. Since then the country has reported inflation numbers that differ wildly from those of independant analysts — a difference of 10% versus 25% (check out some charts on that here).

To keep up this charade, the government has fined statisticians that release numbers that contradict INDEC's. To current president Cristina Fernandez de Kirchner's administration, these people are criminals.

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Read more: www.businessinsider.com

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