Argentina -- Events Leading up to the Dec01 Default

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Argentina: Formerly -- the largest middle class in Latin America. 		Government efforts to meet IMF demands
Debt Collection Agency
result in five deaths in the fabled Plaza de Mayo.

"Dollarize or Devalue"
Former President Carlos Menem
5may00 Argentine headlines

"no" to dollarization
...President Fernando de la Rua
... Economics Minister Jose Machinea
... US Treasury Secretary Lawrence Sumners

...devaluation would lead to debt default and insolvency...
Economic Intelligence Unit     August 20, 2000

A Second Wave of Defaults

Fernando de la Rua's first year as President

1980s The First Debt Crisis

Labor's Campaign Against
"Financial Dictatorship"

Labor Demonstration --large file
May 31, 2000

Labor Strikes -- large files
June 9, 2000
Eva and Juan Peron
1945-1983:
Peronism followed by the Dirty War
and the beginning of the external debt problem.


Military Lineup