Argentina: Supreme Court Ricardo Lorenzetti's Leap into the Void
After news of Supreme Court of Justice’s favorable ruling on government’s Broadcast Media Law, president of the high court…
De facto 'corralito'
Financial constraints –in the best style of 2001– have already landed, albeit surreptitiously. While banknotes are scarce, the National Government insists on defending itself by foisting the responsibility off on Brazilians for failing to deliver the requested paper banknotes. However, decrepit and rusty Hercules C-130 from Argentine Air Force had been made available to the Dakar Rally. Simultaneously, public, provincial, and private banks have interposed restrictions on ATM withdrawals: being now impossible to withdraw more than five hundred pesos. There’s chaos and urban anger in La Plata city and holiday resorts. Retirees, police agents and social programmes beneficiaries are unable to take out their monthly wages. Dark alternatives are taking shape behind Amado Boudou and Mercedes Marco del Pont’s official ineptitude. Truck driver Hugo Moyano’s political game. The bank run is among us.