Between June and September of last year, the International Monetary Fund provided an emergency bailout package to the Argentinian government totalling just under $60 billion.

The move was prompted by Argentina’s descent, during the preceding months, into headlong financial collapse, fuelled by a rapid pile-up of foreign debt and a dramatic decline in the value of the peso.

Instead of welcoming the news with a collective sigh of relief, however, ordinary Argentinians responded with a sciatic groan of despair.

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