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Article: Down, and almost out, in Buenos Aires; Argentina's economy.(South America's troubled economies)
- Article from:
- The Economist (US)
- Article date:
- November 3, 2001
CopyrightCOPYRIGHT 2001 Economist Newspaper Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Argentina's defence of its currency board looks close to ending in defeat and default. What went wrong?
AT DUSK in a gritty backstreet of Mataderos, a Buenos Aires suburb that was once a centre of the international meat trade, a ragged line of several hundred people spills out from the Caras Sucias ("Dirty Faces") charity soup kitchen into the square outside. They are queuing for an evening meal, a thin stew of rice with small lumps of sausage and carrot, and, on this occasion, a rare handout of flour, pasta and a few oranges. Many say they have had no jobs for years. In what was long the richest city in Latin America, "each year, there's more and more hunger and ...