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peppertree

(23,546 posts)
4. Wow. What memories, I'm sure.
Mon Jun 15, 2026, 03:45 PM
9 hrs ago

You know - when a Alfonsín took office (in late 1983), a well-known RW former dictatorship official scoffed that "given the foreign debt crisis we've left him, he won't be able to do anything."

And he was right.

Argentina, moreover, never really climbed out of that foreign debt trap.

Although now - what with three bumper crops in a row, plus an oil export boomlet - they may once again, for the first time since 2011, be ahead of the debt snowball.

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