Please enlighten me. I know the story of how Argentina wound up in the situation of needing to prop up their currency. It's an old story, the same as Greece's except for the ending which is uncertain. The government went into massive debt mostly for public works projects (yes, for the people of Argentina), but when the debt came due, the people of Argentina voted to default. Now all future governments have to try to clean up this mess. Is there corruption? Absolutely. But that is only tangential to the real problem.