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.
...
Read more: www.businessinsider.com
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.
...
Read more: www.businessinsider.com
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