All right, Alexander, let's do an update on Malay and Argentina.

It looks like Malay needs a bailout, and it looks like the United States is prepared to give him a bailout.

He's already got money coming in from the IMF, so any money that is given to him by the United States is going to be a tacked on to the money that

has been given or that will be given to Argentina. So what happened to Malay?

Indeed. Well, can I say, first of all, that the amounts of money that the U.S. is giving are not

insubstantial. We're talking about $20 billion, apparently, which is equal to the current reserves of the Argentine

central bank. And this is surprising in some ways, because as you absolutely rightly said,

it is not as if Argentina since Malay became president has not been getting assistance from the

higher mayor from other financial institutions.

Now I get to say this, I have never been convinced by Milay up from the moment that he became

president.

Before he became president, I thought that he might be saying

and doing some things that could perhaps be different. But the moment he became president,

it became immediately clear that he was very closely aligned with an earlier Argentine president,

President Macri. Apparently, the finance minister in Relay's government

is the same finance minister that President Macri had. Macri is a billionaire and is very much

part of the business elite of Argentina. Macri's period as president was not, I think, especially successful.

And despite all of that, the policies that Millet has followed have been very similar to those

which Macri followed and which before Macri were followed

long ago, not so long ago actually, by an earlier Argentine president, President Carlos Menem,

who by the way was a president who came from the Peronist Party and whose appearance, general appearance, you know, side whiskers

and all of that, Millet seems to want to copy. So the idea is basically borrow money, lots of money

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