>From what I understand, the current situation in Argentina was caused by the pilferage of economic resources and foreign aid by government officials for years. Public companies were privatized in 1993-95. Some of the proceeds went into modernizing them. But a very large part was diverted to private swiss bank accounts and to large scale corruption. As a result Argentina was forced to borrow and now they can't repay the debt.
Nothing here that hasn't been summed up in DED. Laurent
