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Elections in Argentina are expensive – perhaps more so than in any other country in the region. And tomorrow’s vote has proven especially costly: an estimated US$7.4 billion, possibly even US$7.5 billion, was spent by the government to prop up the dollar during the fraught two months before October 26. All this, merely to reach election day in a near-terminal economic state.
According to the latest report by JPMorgan Chase & Co, presented in Buenos Aires last Wednesday by the bank’s global chief executive, Jamie Dimon,
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