Authors
Steve Hanke
Outlet
Fortune Magazine
Type
Op-ed
Date published
October 13, 2025
Countries/regions
Argentina
Topic
Argentina
Permalink
Last edited time
Aug 7, 2026 3:32 AM
Human Verified
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Argentina Passes the Begging Bowl, Again
Author: Steve H. Hanke
Outlet: Fortune
Date: October 13, 2025
Hanke recounts Argentina's latest turn to Washington for financial rescue, this time in the form of a $20 billion swap line arranged by Treasury Secretary Scott Bessent through the seldom-used Exchange Stabilization Fund, without Congressional approval. Hanke argues the move reflects President Trump's political bet on Argentine President Javier Milei rather than sound economic judgment, and situates it within Argentina's long history of repeatedly seeking outside bailouts rather than addressing the root causes of its recurring fiscal and currency crises.
Full Citation:
"Argentina passes the begging bowl, again," Fortune, October 13, 2025.