IMF tells Argentina to cut spending

ARGENTINA - The International Monetary Fund (IMF) has returned to Argentina to discuss the framework of a new financial aid package for cash-starved government in Buenos Aires.

The IMF officials are expected to urge the government to make spending cuts a cornerstone of its economic recovery plan.

Free government spending drove the country deep into debt, forced it to default on its payments and devalue its currency, and pushed the economy into free-fall.

Because of the default the IMF is now t

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