# ‘Massa Is Not Messi’; Argentina’s Bond Buyback An Unlikely Win, Goldman Sachs Says

> Goldman Sachs' Alberto Ramos said Argentina's $1 billion bond buyback is unlikely to halt the rise of the parallel dollar or win market confidence. He argued that large fiscal deficits, weak policy credibility and high inflation are the underlying causes.

- Date: 2023-01-20 · published 2023-01-20T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/38059-massa-is-not-messi-argentina-s-bond-buyback-an-unlikely-win-goldman-sachs-says
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

The analysis reinforces expectations of continued peso weakness and capital-market stress in Argentina, a macro backdrop for South American export competitiveness.

## Read by commodity

- USDARS: bearish ▼

## Sources

- bloomberglinea.com: https://www.bloomberglinea.com/english/massa-is-not-messi-argentinas-bond-buyback-an-unlikely-win-goldman-sachs-says/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.