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Argentina: Imbecility, Laissez-Faire or Complete Corruption?
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[QUOTE]Originally posted by Dr. Jonas Bashir: [QB] Maybe not a single of you are familiar with the situation Argentina is living right now. Since our return to democracy, 18 years ago, we've been in our ups and downs. The main constants are: - The fight for power (and money from illicit govenrment acts) between the main two parties: Peronism and Radicals. - An ever-increasing debt, from $30 bil in '83 to $140 bil in 2001, to pay for a megalitic state giving jobs for votes and favors. What's happening now? Since ex-president Menem (from the Peronist Party) left the chair in 1999, we got a radical, Fernando de la Rua, as president (almost 50% of the votes, in response to the corrupt and failing Menem). In this two years, economic recession got worse thanks to the first measures that de la Rua and his cabinet took, like tax raises and state employees salary cuts. The first tax raises got worse, then there were more salary cuts, including pensionned people (some of them earn $150 a month, and the minimum for a person to leave with some dignity is $500). Now, everything has exploded. The last measures to impede the constant flow of capitals from Argentina to foreign countries, seeking better winds for investment, left our reserves in a bare minimum, not enough to keep the convertibility between the Argentinian Peso and the US Dollar (where 1 Peso equals $1). What happened? They don't allow any cash extraction superior to $250 a week, be it from a person or an enterprise. The whole pay circuit got cut. Nobody's getting their salaries in time. Some govt. employees are waiting for three or four months. Private employees suffer at least a 15-day delay (like me). And now, we've been suffering raids to supermarkets and other businesses from hungry masses looking for something to eat (and I bet there's someone behind them, besides hunger, commanding them to do so). For that, our beloved prez declared nationwide state of siege... If you want, get informed about it. I'd like some opinions, please. <img src="frown.gif" border="0" alt="" /> [/QB][/QUOTE]
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