Argentina: Deepening Crisis
10 minutes, 2002
Ref: 246

The Argentinean parliament has approved a controversial law that protects banks from investigation into the collapse of the country’s economy while at the same time watches the poverty situation worsen. The IMF, which stepped in to revive the economy, insisted that the law be passed. Argentina has suffered one of the worst financial crises in history. A huge part of the crisis was insider corruption on a scale rarely seen before anywhere in the world. An estimated 26.6 billion dollars is thought to have been carried out of the country by 2-3 people who knew that the banks were about to close. The governor of the Central Bank of Argentina told us that not even he knows who they are. Our investigation uncovered this massive corruption that has contributed to the human misery in a once prosperous country.