Economic crisis ends an era

Argentina finally exploded, a classic collapse. Observers had been surprised at the national inertia, since this is a highly politicised and unionised country with a long tradition of struggle. In the past, its people had been willing to turn it upside down with far less excuse than in the present intolerable situation: 20% unemployment, 14m – out of a population of 37m – living below the poverty line, purchasing power almost halved in five years.

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