IMF Says Argentina Fiscal Goals Flexible, Stocks Cheer Deal

Argentina could revise the fiscal targets set as part of a $50 billion financing arrangement with the International Monetary Fund to increase spending on social programs, an IMF director said on Friday. Argentina requested IMF assistance on May 8 after a run on its peso currency in an investor exodus from emerging markets. The country's stocks rallied on the deal to provide a safety net and avoid the frequent crises of the country's past. Many Argentines blame the austerity measures...

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