Cowards are often bullies
>Speaking before the start Saturday of the semiannual meetings of the IMF >and World Bank, where economic turmoil in Argentina is expected to be a >major issue, Koehler said he was "deeply concerned about the developments >in Argentina" and, in particular, the social hardship for a large part of >the population. > >Koehler made clear that the Fund "cannot promise a comfortable process" >for getting the moribund economy turned around. Argentina, he said, would >have to swallow "bitter medicine." >The IMF predicted Thursday that Argentina's economy would shrink by 10 to >15 percent this year, with inflation running as high as 30 percent.
