Alfonsín: Difference between revisions
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The Central Bank declared that they didn’t have any official record of the external debt. Therefore they had to trust the foreign lenders and the contracts signed by the dictators. However, the new democratic government decided to recognize the debt, public as well as private. The private debt had gone up to more than $14.000 million. | |||
==Sources== | ==Sources== | ||
Revision as of 05:15, 1 December 2006
President Alfonsín successfully brought human rights back; and made the case for trade liberalization, deregulation, and privatization. However, Alfonsín lacked the leadership skills necessary to carry out the economic reforms he sought. For example, the government proposed Plan Austral in 1984, with the support of the IMF, to impose fiscal discipline and control skyrocketing inflation of 627 percent that year.
The Central Bank declared that they didn’t have any official record of the external debt. Therefore they had to trust the foreign lenders and the contracts signed by the dictators. However, the new democratic government decided to recognize the debt, public as well as private. The private debt had gone up to more than $14.000 million.
Sources
Heritage Foundation
ATTAC Argentina
Introduction | Dictatorship | Carlos Menem | Fernando de la Rúa
Interim Presidents | Néstor Kirchner | Graphs | Final Analysis
