3 ms·
All the economic talk these days is about Greece and Spain, but Argentina seems to be on its knees economically based on the kind of measures they've pursued as
by rkaplan 14y ago
All the economic talk these days is about Greece and Spain, but Argentina seems to be on its knees economically based on the kind of measures they've pursued as of late.
A few months ago, they deployed cash-sniffing dogs in airports to prevent people from bringing large amounts of money out of the country. Yes, cash-sniffing dogs. They have a tax evasion rate of around 40%, and they routinely lie about economic statistics and go after watchdog groups that try to publish the real numbers.
I'm not sure how long that can last as a national economic policy.
Sources:
http://www.globalpost.com/dispatches/globalpost-blogs/que-pasa/argentina-deploys-dogs-sniff-out-cash http://www.globalpost.com/dispatches/globalpost-blogs/que-pa...
http://www.economist.com/node/21548242 http://www.economist.com/node/21548242
- janus 14y agoMeanwhile, the president says "we're resisting while the world collapses on top of us", so many lies.