>The IMF has certainly coughed up something, and I
>remain of the opinion that Argentina is too much of a
>favoured pupil to be allowed to fail, but they are
>running a risk of destroying their credibility if they
>keep on pushing these inflated headline figures.
You think? Or do the bond traders just look at the headline on the screen, "IMF approves $40b for Argentina," and view that as the all-clear? Half the battle is just to keep punters from panic selling, no?
Doug