Argentina. Defy the Creditors and Get Away with It

marcellus

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http://www.voltairenet.org/article167517.html

Argentina. Defy the Creditors and Get Away with It
by Walden Bello*

The recent death of Néstor Kirchner has been perceived as a great loss, not only to Argentina but to the region and the world. In May 2003, Kirchner took the reins of a country crushed by its most severe economic crisis and riddled by massive debt. His audacious and successful face-off with the International Monetary Fund showed the world that a country could defy the IMF and live to tell about it.

15 November 2010

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Manille (Philippines)

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Former Argentine President Nestor Kirchner and his wife President Cristina Fernandez de Kirchner gesture to supporters during a parade in Buenos Aires. The unexpected death on 27 October 2010 of Nestor Kirchner deprived not only Argentina of a remarkable, albeit controversial leader. It also took away an exemplary figure in the Global South when it came to dealing with international financial institutions.

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