August 12, 2019
The Argentine economy has its back against the ropes as the market evaluates the risks associated with its president losing to his populist rival in the primary elections. The Argentine peso falling sharply for the second straight day. A new rise in Argentina Credit default swap is pricing the probability of default at over 72 percent. We spoke to Jonathan Prin, Managing Director and Head of Research at Greylock Capital about what needs to happen for Argentina to avoid suffering another default.