Yes, in this concrete case I was thinking about the debt incurred in order to pay the holdouts and the "vulture funds", like Paul Singer's. I think it will be a short term respite that will ultimately lead the country to ruin.

Let's not forget kirchnerismo (the party ousted by Macri) arose from the ashes of De la Rua's government, which was fiscally conservative and "orthodox", and who few would accuse of being populist. His reign ended in the 2001 chaos, with economic upheaval, a collapse of the banking system, a few deaths and the goddamn president flying away in a helicopter! Kirchnerismo didn't even exist back then.