Abstract

The Sacking of Argentina

Frasca, Tim | May 6, 2002 issue

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The article focuses on the role of the International Monetary Fund (IMF) and the political class in the breakdown of economy in Argentina. As a result of the policies of former President Carlos Saul Menem, corruption gave way to bargain-basement sales of the family silver and the country's discredited political leadership seem to be clueless how to navigate the ship of state. Congressional deputy Elisa Carrió warned early on that corruption and incompetence. People eager for action have flocked to ad hoc neighborhood assemblies, now slowly institutionalizing themselves. In addition to seeking abolition of the provincial quasi currencies, the IMF wants civil service ranks reduced and bankers let off the hook.

See Also:

ARGENTINA -- Economic conditions; INTERNATIONAL Monetary Fund; POLITICAL corruption; MENEM, Carlos Saul; CARRIO, Elisa; ARGENTINA
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