As you can see from the knock-on effects on share prices at Grupo Supervielle, YPF, and Mercadolibre, this isn't particularly good news for the country's stock market, either. Argentine President Mauricio Macri can't be pleased with any of this, but he's not sitting on his hands, either.
In theory, once these funds become available, investor fears that Argentina will need to print more money or take on more debt to pay its bills should ease, and the inflation and devaluation crises should be solved. Rich Smith has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends MercadoLibre.
The Motley Fool has a disclosure policy. I like things that go "boom. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well. Skip to main content Helping the world invest better since Hi, Fool!
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