Now the government of lame duck President Cristina Fernandez appears to be on verge of default. The street black market for bootleg U.S. dollars is thriving, even more than usual.
See a Financial Times article for details, like this comment from an Argentine pollster:
The president’s power has weakened extraordinarily, thanks to a series of terrible decisions. She has done everything wrong.Historically, at this point in the recurring tragedy, the Argentine military intervenes. I wonder if it will do so now?
