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Monday, September 24, 2012

'Argentina has three months to avoid red card,' IMF warns

The IMF head warned Argentina that the international lender is willing to show the country a red card if didn't meet its promises of providing reliable inflation and GDP statistics by December.

A week after the IMF gave Argentina a last dead line [Dec.17] to change the way inflation rate and GDP is calculated and adapt it to international standards, Lagarde came on stage to say "This is the last yeallow card we show them, next time we'll get them a serious sanction."

"Argentina has three months to show some improvements and avoid the red card."

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Tags:  IMF  Lagarde  Argentina  sanctions  


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