This is

This is CBS Eye on the World with John Bachelor.

Here's John Bachelor.

The New World Report was Professor Evan Ellis of the U.S. Army War College.

Argentina dominating the headlines in the Americas,

in South America, in North America and Central America, and at the International Monetary

Fund, the IMF, the headline is promising for the newly elected president, the president-elect of Argentina

Javier Malay, who describes himself as a libertarian, has a Beatles haircut, and is on the

move. He's in the United States momentarily. But the IMF is critical

given that Argentina is the largest debtor nation to the IMF. The number I remember is

44 billion. The statement the International Monetary Fund is

quote very keen end quote to support Argentina and the country could be a

candidate to receive financing through its resiliency and

sustainability trust. Sounds like a bailout. Professor, a very good evening to you.

What is the problem that the IMF must deal with? I see the number 44 billion.

But what does that mean in terms of the ability of the IMF to provide relief? And haven't we been through this dance before with previous

administrations that negotiate with the IMF debt is forgiven and then it

rebuilds itself good evening to. Good evening to you.

Good evening to you, John.

Absolutely. When Malay assumes office on December 10th, he will have reinforcing very serious

fiscal and financial and economic problems which will basically make it difficult for him to implement much of his political agenda.

But with respect to what you alluded to to the IMF loan, which actually was previously a $58 billion loan under Marito Mockry, which was supposed to bail out Argentina then.

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