"If you are going to go, go big and get on with it," says the Financial Times. Argentina and the International Monetary Fund (IMF) have done exactly that, agreeing a large financing deal unexpectedly quickly. Argentina will have access to a $50bn credit line, and in return will give the central bank full independence and aim for a balanced primary budget (spending before interest-rate payments) by 2020. These are "wise" measures, and in line with President Mauricio Macri's plans. "He is as close to economically orthodox as any president in decades."
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