Argentina woes weigh on EM currencies

Time for meaningful reforms now that riding Chinese coattails is over?

 

Populists left and right dominate the debate with irrelevant nonsense; Almost all BRICS including SA and Argentina point to foreign conspiracies out to keep them down rather than at their own failure to reform.

I do think that the EU at one time gave many of these countries a direction, a meaningful set of steps that if followed would lead to growth. The examples set by several Eastern European countries and Asian tigers as well were inspiring. But that train somehow ground to a halt.

 

http://www.ft.com/intl/cms/s/0/f42b9c92-8523-11e3-86f7-00144feab7de.html