Argentinien ausstatten

David Frum: “Sometimes even the Trump administration acts like a normal American government. The bailout of Argentina is one of those times.

“The Trump administration is proposing to lend Argentina up to $20 billion to support its currency on financial markets. The plan is unpopular with Republicans and Democrats alike. Yet at a time when much of U.S. policy seems driven by a perverse hostility to the outside world, assistance to Argentina is a welcome exception that deserves support across the political spectrum.

“Yes, the administration’s proposal completely contradicts Donald Trump’s rhetoric of ‘America First,’ but this rhetoric is wrong and self-harming. Yes, the bailout is motivated by Trump’s capricious favoritism. But in this case, Trump has at least chosen an appropriate beneficiary.

“Yes, at least one hedge-fund friend of Treasury Secretary Scott Bessent’s stands to benefit. But there are hedge funds on every side of every financial bet, and saying no to the deal will also enrich somebody.

“Bessent’s proposed bailout is an agreement to lend Argentina enough U.S. dollars to give time for the peso to devalue to market levels. To make the bailout a success, [Javier] Milei will have to do now what he arguably should have done at the start: eliminate the remainder of Argentina’s daunting mess of capital controls. A peso that can be freely traded at market prices will allow Argentina to return to world markets as a normal trading nation.”

Read more: [https://theatln.tc/7QVEv4G8](https://theatln.tc/7QVEv4G8)

Again?