The history of Argentina's cyclical financial debacles cannot be ignored. Who can truly believe that fault is solely with "others"...evil empires, the IMF, etc. As long as there is institutionalized corruption, we will be plagued by these cycles of feast or famine. I read this thread and agree with most of the comments. I believe the probability of a default is higher than ever.
What puzzles me is that each democratically elected gov't since 1982 is worse than the last. And some get elected for a second term. How can the constituents fail themselves so miserably? I vote here but my ballot since 1989 has been a blank one. The presidential candidates, as I have perceived them, have left me no other choice.
Why are some people so surprised? The actions of the current regime are simply a duplication of what they did when they were in power in the province of Santa Cruz. When they are done at the national level, they will retrive to their lair down South. Main Street will once again be left poorer while their personal fortunes have doubled.