Argentina election: Voters dream of breaking cycle of crisis

argentina

“It’s like trying to run an ice-cream parlour in the desert.” That is how entrepreneur Lucas Toledo describes the uphill struggle of having a business in Argentina.

With a hugely polarising presidential election only days away, the country is in the middle of another economic crisis. This comes 18 years after Argentina’s debt default in 2001, when the South American country went through five presidents within a fortnight after a run on the banks. It may not have come to that in 2019, but the inflation rate has surged beyond 50% and the currency has plummeted.

Who is to blame for this return to bad form? It depends who you ask. Some say the villain is the current right-wing president, Mauricio Macri, while others point the finger at his predecessor Cristina Fernández de Kirchner, who is running for vice-president in Sunday’s election.(BBC)…[+]