The Mighty Fallen: Argentina and the Great Depression

Re:The Mighty Fallen: Argentina and the Great Depression by mc32 on Saturday August 07, 2021 @05:43PM (#28102125)

There’s something sick about their economy. Quite a few economic dynamos emerged from the legacy of bloodshed and dictatorships. Argentina has natural resources. It has institutions. But perhaps it lacks vision and the will to carry out that vision.

[ Parent | on HN ]

Re:The Mighty Fallen: Argentina and the Great Depression by ericol on Saturday August 07, 2021 @05:47PM (#28102155)

We have a very crooked political caste. I'm giving this as an example; I don't want to get into a political discussion. But in the last government alone, we received around 50 billion dollars from the FMI also alone, that was entirely dilapidated.

[ Parent | on HN ]

Re:The Mighty Fallen: Argentina and the Great Depression by is_true on Saturday August 07, 2021 @06:51PM (#28102583)

Do you have a source on that? Most of the money was used to pay the debt from Kirchner's government

[ Parent | on HN ]

Re:The Mighty Fallen: Argentina and the Great Depression by ericol on Sunday August 08, 2021 @03:20PM (#28109332)

> Most of the money was used to pay the debt from Kirchner's government

Do _you_ have a source on _that_?

Anyway, here's a source [1] for you. It says in the month before the elections, the central bank of Argentina sold over 4 billion dollars to keep the dollar rate at bay (2.7 billion _just_ in the week prior..

Between the "PASO" (Elections where all candidates can postulate, but only those that get over a certain % of votes do make it to the primaries) and the primaries, more than 20 billion dollars were sold in the internal market:

> Desde las PASO las reservas cayeron USD 23.000 millones y los depósitos, unos USD 13.000 millones

(Im' quoting the article here). Where is YOUR source.

[1] https://www.infobae.com/economia/2019/10/31/el-banco-central...

[ Parent | on HN ]

Re:The Mighty Fallen: Argentina and the Great Depression by is_true on Sunday August 08, 2021 @03:24PM (#28109358)

Where's the dilapidation?

[ Parent | on HN ]

Re:The Mighty Fallen: Argentina and the Great Depression by KSteffensen on Sunday August 08, 2021 @02:14AM (#28104588)

Corruption is quite bad in Argentina. This is not limited to politicians, it's at all levels of society.

[ Parent | on HN ]

Re:The Mighty Fallen: Argentina and the Great Depression by berns on Saturday August 07, 2021 @07:02PM (#28102654)

What is sick is the degree and extent of corruption in every level of society.

[ Parent | on HN ]