exacerbating capital flight despite a plethora of capital controls introduced over the last 14 months. The most likely ending for this situation is a sudden and violent devaluation similar to the Mexican devaluation of December 1994 once BCRA loses its grip on the exchange rate.
Argentina surprised by Germany, which voted against granting a loan at the IDB
Argentine bonds fall following “selective default”
Argentina demands 1-for-1 on imports/exports (video)