2 ms·
It's incredibly what the government had done to the economy just in a couple of years. In 2008 we were virtually safe from the world crisis. Then they didn't s
by martinvol 13y ago
It's incredibly what the government had done to the economy just in a couple of years. In 2008 we were virtually safe from the world crisis.
Then they didn't stop the public spending, so the emitted more and more pesos, which lead to inflation, that they didn't want to admit, so they started fixing the exchange rate with the dollar.
Until it was unbelievable cheap, so they started to control it.
More and more restrictions went on. So many that they basically destroyed the economy trust, that is pretty much everything in economy.
It's incredible that this distortions led to a country with few dollars, expensive for forgings, with no foreign investment. And it's also cheap for Argentines to travel abroad!
I have no idea how the hell they did that mess so quickly.