👀DAILY HINDU EDITORIAL WORD BYTES -2 -> 1 JUNE👀
💥Daily Word Bytes - 2 from editorial -Guarding the peso: Argentina's economic crisis💥
credentials (noun) – achievement, record, quality/experience.
Hindu Editorial usage : President Macri’s reformist credentials are on the line as Argentina faces economic crisis
on the line (phrase) – at risk, in danger, endangered.
Hindu Editorial usage : President Macri’s reformist credentials are on the line as Argentina faces economic crisis
weather (verb) – survive, come through, outlive (a difficulty).
Hindu Editorial usage : Argentina is not alone among major emerging economies in trying to weather the current run on currencies due to the rallying U.S. dollar and rising interest rates.
run (noun) – demand for, rush for, sudden request for.
Hindu Editorial usage : Argentina is not alone among major emerging economies in trying to weather the current run on currencies due to the rallying U.S. dollar and rising interest rates.
rally (verb) – recover/increase/rise after a fall/tumble/decline/slump (currency value).
Hindu Editorial usage : Argentina is not alone among major emerging economies in trying to weather the current run on currencies due to the rallying U.S. dollar and rising interest rates.
recurrent (adjective) – repeated, recurring, regular.
Hindu Editorial usage : But with a history of recurrent defaults and devaluation of the peso, Buenos Aires has greater cause for concern
concern (noun) – responsibility, importance, matter of interest.
Hindu Editorial usage : But with a history of recurrent defaults and devaluation of the peso, Buenos Aires has greater cause for concern
stake (noun) – share, financial interest, investment.
Hindu Editorial usage : Argentina’s return to the global capital markets in 2016 after a decade, has a special stake in ensuring that his reforms remain on track.
sovereign debt issue (phrase) – it is generally defined as economic and financial problems
caused by the (perceived) inability of a country to pay its public debt/borrowing.
Hindu Editorial usage : Following a record sovereign debt issue that year, Argentina became the second Latin American state after Mexico to launch a 100-year maturity bond in 2017.
optimistic (adjective) – confident, hopeful, positive.
Hindu Editorial usage : The new optimistic narrative was based on the former businessman’s commitment to reducing the fiscal deficit, building on the prevailing reasonable ratio of public borrowing to GDP.
fiscal deficit (noun) – In simple language, the difference between total revenue and total expenditure of the government is termed as fiscal deficit. it is the amount by which government expenses exceed income.
Hindu Editorial usage : The new optimistic narrative was based on the former businessman’s commitment to reducing the fiscal deficit, building on the prevailing reasonable ratio of public borrowing to GDP.
prevailing (adjective) – existing, present, current.
Hindu Editorial usage : The new optimistic narrative was based on the former businessman’s commitment to reducing the fiscal deficit, building on the prevailing reasonable ratio of public borrowing to GDP.
nevertheless (adverb) – notwithstanding, nonetheless, in spite of that/however.
Hindu Editorial usage : Nevertheless, Mr. Macri’s poll promise to make Argentina a “normal country” has been put to the test mid-way through his term.
greenback (noun) – a dollar, a legal tender note (U.S).
Hindu Editorial usage : In early May, the currency tumbled to a record low against the greenback, forcing the central bank to raise key interest rates thrice within a week to 40% to shore it up.
shore up (phrasal verb) – support, assist, prop up (with some fund/finance to stop declining).
Hindu Editorial usage : In early May, the currency tumbled to a record low against the greenback, forcing the central bank to raise key interest rates thrice within a week to 40% to shore it up.
hostile (adjective) – aggressive, confrontational, belligerent.
Hindu Editorial usage : a deeply sensitive move given the once-hostile relations with the lender and a public apprehensive about the institution’s overall mission
to the tune of (phrase) – amounting to.
Hindu Editorial usage : The most recent crisis in Latin America’s third largest economy — the 2001-02 default to the tune of $95 billion, the largest in the world — had unleashed hyperinflation, social unrest and political instability
unleash (verb) – let loose, release, set free.
Hindu Editorial usage : The most recent crisis in Latin America’s third largest economy — the 2001-02 default to the tune of $95 billion, the largest in the world — had unleashed hyperinflation, social unrest and political instability
unrest (noun) – disruption, upheaval/disorder, turmoil.
Hindu Editorial usage : The most recent crisis in Latin America’s third largest economy — the 2001-02 default to the tune of $95 billion, the largest in the world — had unleashed hyperinflation, social unrest and political instability
vis-a-vis (preposition) – in relation to, with regard to.
Hindu Editorial usage : When the then socialist President, Néstor Kirchner, took an aggressive stance vis-à -vis investors, the country was effectively closed from global money markets for a prolonged period.
successor (noun) – heir, descendant; next in line.
Hindu Editorial usage : Mr. Kirchner’s wife and successor, Cristina Fernández, lampooned the hedge funds, which held out against the country’s debt restructuring terms, as “vultures”
lampoon (verb) – criticize, ridicule, make fun of.
Hindu Editorial usage : Mr. Kirchner’s wife and successor, Cristina Fernández, lampooned the hedge funds, which held out against the country’s debt restructuring terms, as “vultures”
hedge fund (noun) – private investment funds that promise great rewards, but also present great risks to both investors and the economy
Hindu Editorial usage : Mr. Kirchner’s wife and successor, Cristina Fernández, lampooned the hedge funds, which held out against the country’s debt restructuring terms, as “vultures”
hold out against (phrasal verb) – resist, withstand, hold/fend off.
Hindu Editorial usage : Mr. Kirchner’s wife and successor, Cristina Fernández, lampooned the hedge funds, which held out against the country’s debt restructuring terms, as “vultures”
vulture (noun) – something/someone which exploits others.
Hindu Editorial usage : Mr. Kirchner’s wife and successor, Cristina Fernández, lampooned the hedge funds, which held out against the country’s debt restructuring terms, as “vultures”
neo-keynesian (adjective) – relating to the school of thought in modern macroeconomics that evolved from the ideas of John Maynard Keynes (a British economist). Keynesian supporters believe capitalism is a good system. They believe government should play an active role in controlling the economy,
Hindu Editorial usage : Now the situation has raised questions about the sustainability of Mr. Macri’s so-called gradualist reforms, which were dubbed neo-Keynesian rather than neoliberal.
neoliberal (adjective) – relating to an economic policy model that supports value of free market competition by the private sectors which with little government control over it.
Hindu Editorial usage : Now the situation has raised questions about the sustainability of Mr. Macri’s so-called gradualist reforms, which were dubbed neo-Keynesian rather than neoliberal.
prudent (adjective) – wise, advisable, sensible.
Hindu Editorial usage : Mr. Macri has been prudent to promise continuity with his cautious approach to regulate subsidies and to legislate tax and pension reforms.
profligacy (noun) – wastefulness/expenditure (of resources).
Hindu Editorial usage : The era of economic profligacy that was propped up by the commodities boom in the last decade is probably history now.
avert (verb) – prevent, stop, avoid.
Hindu Editorial usage : At the same time, no price is too high to avert a repeat of the horrors of the social upheavals of more recent years.
Hindu Editorial usage : President Macri’s reformist credentials are on the line as Argentina faces economic crisis
on the line (phrase) – at risk, in danger, endangered.
Hindu Editorial usage : President Macri’s reformist credentials are on the line as Argentina faces economic crisis
Hindu Editorial usage : Argentina is not alone among major emerging economies in trying to weather the current run on currencies due to the rallying U.S. dollar and rising interest rates.
Hindu Editorial usage : Argentina is not alone among major emerging economies in trying to weather the current run on currencies due to the rallying U.S. dollar and rising interest rates.
Hindu Editorial usage : Argentina is not alone among major emerging economies in trying to weather the current run on currencies due to the rallying U.S. dollar and rising interest rates.
Hindu Editorial usage : But with a history of recurrent defaults and devaluation of the peso, Buenos Aires has greater cause for concern
Hindu Editorial usage : But with a history of recurrent defaults and devaluation of the peso, Buenos Aires has greater cause for concern
Hindu Editorial usage : Argentina’s return to the global capital markets in 2016 after a decade, has a special stake in ensuring that his reforms remain on track.
caused by the (perceived) inability of a country to pay its public debt/borrowing.
Hindu Editorial usage : Following a record sovereign debt issue that year, Argentina became the second Latin American state after Mexico to launch a 100-year maturity bond in 2017.
Hindu Editorial usage : The new optimistic narrative was based on the former businessman’s commitment to reducing the fiscal deficit, building on the prevailing reasonable ratio of public borrowing to GDP.
Hindu Editorial usage : The new optimistic narrative was based on the former businessman’s commitment to reducing the fiscal deficit, building on the prevailing reasonable ratio of public borrowing to GDP.
Hindu Editorial usage : The new optimistic narrative was based on the former businessman’s commitment to reducing the fiscal deficit, building on the prevailing reasonable ratio of public borrowing to GDP.
Hindu Editorial usage : Nevertheless, Mr. Macri’s poll promise to make Argentina a “normal country” has been put to the test mid-way through his term.
Hindu Editorial usage : In early May, the currency tumbled to a record low against the greenback, forcing the central bank to raise key interest rates thrice within a week to 40% to shore it up.
Hindu Editorial usage : In early May, the currency tumbled to a record low against the greenback, forcing the central bank to raise key interest rates thrice within a week to 40% to shore it up.
Hindu Editorial usage : a deeply sensitive move given the once-hostile relations with the lender and a public apprehensive about the institution’s overall mission
Hindu Editorial usage : The most recent crisis in Latin America’s third largest economy — the 2001-02 default to the tune of $95 billion, the largest in the world — had unleashed hyperinflation, social unrest and political instability
Hindu Editorial usage : The most recent crisis in Latin America’s third largest economy — the 2001-02 default to the tune of $95 billion, the largest in the world — had unleashed hyperinflation, social unrest and political instability
Hindu Editorial usage : The most recent crisis in Latin America’s third largest economy — the 2001-02 default to the tune of $95 billion, the largest in the world — had unleashed hyperinflation, social unrest and political instability
Hindu Editorial usage : When the then socialist President, Néstor Kirchner, took an aggressive stance vis-à -vis investors, the country was effectively closed from global money markets for a prolonged period.
Hindu Editorial usage : Mr. Kirchner’s wife and successor, Cristina Fernández, lampooned the hedge funds, which held out against the country’s debt restructuring terms, as “vultures”
Hindu Editorial usage : Mr. Kirchner’s wife and successor, Cristina Fernández, lampooned the hedge funds, which held out against the country’s debt restructuring terms, as “vultures”
Hindu Editorial usage : Mr. Kirchner’s wife and successor, Cristina Fernández, lampooned the hedge funds, which held out against the country’s debt restructuring terms, as “vultures”
Hindu Editorial usage : Mr. Kirchner’s wife and successor, Cristina Fernández, lampooned the hedge funds, which held out against the country’s debt restructuring terms, as “vultures”
Hindu Editorial usage : Mr. Kirchner’s wife and successor, Cristina Fernández, lampooned the hedge funds, which held out against the country’s debt restructuring terms, as “vultures”
Hindu Editorial usage : Now the situation has raised questions about the sustainability of Mr. Macri’s so-called gradualist reforms, which were dubbed neo-Keynesian rather than neoliberal.
Hindu Editorial usage : Now the situation has raised questions about the sustainability of Mr. Macri’s so-called gradualist reforms, which were dubbed neo-Keynesian rather than neoliberal.
Hindu Editorial usage : Mr. Macri has been prudent to promise continuity with his cautious approach to regulate subsidies and to legislate tax and pension reforms.
Hindu Editorial usage : The era of economic profligacy that was propped up by the commodities boom in the last decade is probably history now.
Hindu Editorial usage : At the same time, no price is too high to avert a repeat of the horrors of the social upheavals of more recent years.
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