Argentina goes down a dangerous path
In 2001, Argentina underwent a catastrophic economic meltdown, the result of brutal and incompetent military dictatorships, ill-conceived economic policies, and massive corruption. The result: default on $100 billion in sovereign bonds and international pariah status.In recent years South America’s second largest country had begun to rebound remarkably well, posting impressive growth while returning to macro-economic sanity. Now, the progress achieved at great sacrifice is being rapidly undone as President Cristina Fernández de Kirchner snatches defeat from the jaws of victory. She is reverting to many of the inflationary and radical populist policies that have brought ruination before, while allowing Argentina to become a center for transnational criminal organizations.… Seguir leyendo »