In Argentina the peso is in free fall, prices are exploding, consumption is reduced to a minimum, the middle classes are being squeezed, many firms and businesses are closing, hunger is spreading in outlying areas and speculators are panicking.
Sound familiar? Remember 2001? Argentina capital was in flight to await better times. Same thing again now.
Seventeen years on and the Macri government is imposing a fierce structural adjustment plan following the $50 billion loan requested from the IMF. Macri promised “Zero poverty” in his 2015 election campaign, another unfulfilled politician's pledge.
Popular discontent has returned to the streets of Buenos Aires, La Plata, Rosario, Mar del Plata, and in other cities of the country and the clang and clatter of pots and pans may well be heard once more as they were in 2001.
http://www.cadtm.org/Argentina-in-turmoil#nb1
Sound familiar? Remember 2001? Argentina capital was in flight to await better times. Same thing again now.
Seventeen years on and the Macri government is imposing a fierce structural adjustment plan following the $50 billion loan requested from the IMF. Macri promised “Zero poverty” in his 2015 election campaign, another unfulfilled politician's pledge.
Popular discontent has returned to the streets of Buenos Aires, La Plata, Rosario, Mar del Plata, and in other cities of the country and the clang and clatter of pots and pans may well be heard once more as they were in 2001.
http://www.cadtm.org/Argentina-in-turmoil#nb1
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