At the start of June, when he was still in the running to replace Theresa May as prime minister of the UK and leader of the Conservative Party, Tory politician Michael Gove raised a nightmarish spectre for the British right.

At all costs, Britain must avoid falling into the grip of a “Jeremy Corbyn government propped up by Nicola Sturgeon and the [Scottish nationalists],” he warned. “That would mean Brexit was lost, the future of our Union at risk, and the levers of power handed to a Marxist.”

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Between June and September of last year, the International Monetary Fund provided an emergency bailout package to the Argentinian government totalling nearly $60 billion.

The move was prompted by Argentina’s descent, during the preceding months, into headlong financial collapse, fuelled by a rapid pile-up of foreign debt and a dramatic decline in the value of the peso.

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