Argentina is facing one of the worst financial crises of its recent history, and memories of the brutal recession of 2001 and the famous ‘corralito’ (when people were unable to access their savings for a year) are still fresh.
Meanwhile, the government of president Macri announced a drastic fiscal adjustment that almost reduced half of his government. This is one of the necessary measures to be taken in order to comply with the conditions of a 50,000 million dollar loan from the IMF.
