Argentina - Global energy prices shake up IMF negotiations

Cutting energy subsidies becomes politically harder when oil is over $100 per barrel.

[Greg Ross at Hxagon assisted with researching and drafting today’s newsletter]

The current alleged almost agreement between Argentina and the IMF has cuts to energy subsidies at its core. There is developing news this morning that the two sides are nearing the final details of an agreement to be presented to the Congress in the coming hours. However, we…