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That chart shows Argentina has had a fiscal deficit every year since 1961, except in the 2003-2008 period when demand for commodities (soy) was at an all time high and hence so were revenues

Fiscal deficit since 1961 A true chronic disease and one that materializes every time you see argentines on holiday spending as if they come from Switzerland. What does this show? That what happens at the government level is nothing but a reflection of argentines on a personal level

It´s sort of a catch 22. To give you guys some perspective regarding just how critical the situation is, take a look at these numbers: 30% of the population is poor 20 million are tied to some type of government social program/assistance 35% are public employees. A significant amount of them...

Agreed. Indeed it is, but it has to be done. Just as with household finances, it cannot be avoided. Funny, a former minister of Argentina said Trump is a peronista. Says everything, doesn´t it? You fit in perfectly in the description of delusional individuals I mentioned. You are part of the...

The tragic thing is the crash itself would -ironically- reinforce people´s belief that adjustment, such a taboo word in these places, is what lead to it.

Didn´t find the option to edit. Meant to say you can only hide fiscal irresponsibility by printing money or taking in debt before you need to confront reality. It came out confusing in the original post

Due to the large number of delusional individuals lacking any sort of common sense, I will attempt to clear up some things in a brief and concise way, leaving aside ideologies and conspiracy theories very much embraced and loved by argentines. Although everything seems to be possible in...

5000 phones are stolen in Argeninta every day. That should tell you something. However, as far as physical safety goes, and despite sporadic tragic episodes, Buenos Aires isn´t as dangerous as its made out to be. In fact, it has a considerably lower homicide rate than the capital of the country...

"After the Gualeguaychú Court sentenced Nahir Galarza to life imprisonment for the murder of Facundo Pastorizzo, they called for a mobilization to demand the release and acquittal of the girl. Under the motto: "We believe you because we know", the invitation to the rally is set for next Tuesday...