FIRST AIRED: May 6, 2019

Nice work! Enjoy the show!

×

You’re busy. We get it.

Stay on top of the news with our Editor’s Picks newsletter.

US Edition
Intl. Edition
Unsubscribe at any time. One click, it’s gone.

Thanks for signing up!

We've got more news

Get our editor’s daily email summary of what’s going on in the world.

US Edition
Intl. Edition
Replay Program
0:00
0:00
More Info

COMING UP:Share Opener Variant 2

×

Transcript

00:00:00
in Argentina this economic pain and among it sick and elderly that is the real thing which with inflation on drugs running at an estimated three hundred and twenty percent is becoming harder and harder to treat , I bring my list but prices go up monthly they've gone up ten to fifteen percent sometimes I don't get some of them because I cont , for the economy the symptoms run deep the peso that lost half its value against the dollar last year has continued to slide Westing an overall inflation rate that's been running it over fifty percent prices on some basic foodstuffs were frozen last month bus that runs counter to the free market rhetoric of president McCree budget cuts he brought in to reduce the fiscal deficit have critics say it the poorest hardest and the extra cuts McCree agreed as a condition of a fifty six billion dollar IMF bailout plan will hurt them again , is austerity program broke labor unions to the streets in force earlier this week yeah I'm not getting will my crew change of the going to give us a big raise after the strike no but if we didn't strike we will be worse off without a doubt not everyone blames McCree last year's U. S. interest rate hikes triggered a flow of funds out of Argentina putting pressure on the pacer and reminding the world of the two thousand and one Argentina debt crisis the choke markets and impoverished millions but some are starting to wonder whether this is the solution Cristina Fernandez the former president is remembered fondly by low income voters for free spending state welfare if some investors fear her leftist policies would be a cure worse than the disease that is if she runs again in elections in October , in the meantime Argentina continues to suffer