Michael Hudson: Argentina’s New $50 Billion IMF Loan Is Designed to Replay its 2001 Crisis, July 23, 2018. The recently elected neoliberal government of Mauricio Macri has decided to seek a $50 billion IMF credit line, which will only enable more capital flight for the upper class and greater unpayable debt for the rest of the population, says the economist Michael Hudson. SHARMINI PERIES: It’s The Real News Network. I’m Sharmini Peries, coming to you from Baltimore. For several months now. Argentines have been taking to the streets to protest against neoliberal austerity measures of President Mauricio Macri. The most recent such protest took place on July 9 on Argentine’s Independence Day. There have also been three general strikes thus far. In the two years since he took office, President Macri has laid ...

THE HUDSON REPORT: Argentina gets biggest IMF loan in history. July 9, 2018. Left Out podcast: In this episode, Paul Sliker speaks with Michael Hudson about the economic and political implications of the International Monetary Fund's $50 billion loan to Argentina, which is the largest IMF credit line in history. Find the audio here Paul Sliker: Michael Hudson welcome back to the Hudson report. Michael Hudson: It’s good to be back. Much has happened while I was away for a few weeks. Paul Sliker: Michael, Argentina recently agreed to a $50 billion loan from the International Monetary Fund. That’s the largest ever in IMF history. It is supposed to run for 36 months. Argentina began talks with the IMF last month, after three central bank rate hikes. Despite pushing borrowing costs above ...