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Published on Tuesday, December 20, 2011 by Inter Press Service
http://www.commondreams.org/headline/2011/12/20-2
by Marcela Valente
BUENOS AIRES - What is happening in the European Union and the United States today happened a decade ago in Argentina, when it was a hotbed of protest and the streets of major cities were seething with people telling their leaders they had had enough. And then a new story began to be written.
The historic protests of Dec. 19-20, 2001 in Argentina left 40 people dead and many injured. They were the consequence of years of recession and public indebtedness that led to economic collapse and the skyrocketing of unemployment and poverty to levels never before seen in the country's modern history. The historic protests of Dec. 19-20, 2001 in Argentina left 40 people dead and many injured. They were the consequence of years of recession and public indebtedness that led to economic collapse and the skyrocketing of unemployment and poverty to levels never before seen in the country's modern history.
"The 2001-2002 crisis was the result of adjustment policies prescribed by the International Monetary Fund (IMF) in the 1990s, the same policies that are driving Europe's present situation," sociologist Norma Giarraca told IPS.
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