How to beat a crisis: Interview with Argentinean Vice President
In 2001 Argentina defaulted on its debt and ended the parity of its currency with the US dollar. The South American country plunged deeper into crisis, but within months economic growth set in. We asked Argentine Vice President Mr Amado Boudou if Eurozone countries can learn from Argentina how to beat the crisis.
18 May 2012
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Focus on jobs
One of Argentina’s top priorities at the height of the crisis was to create jobs. This, Mr Boudou said, provides a social and economic boost.Austerity vs recovery
Efforts to cure Europe’s economic woes through austerity measures are drawing increasing opposition, as highlighted by the recent elections in Greece and France. Mr Boudou echoed criticism of the belt-tightening policies.
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The key role of social protection
Following the massive economic crisis of 2001, Argentina managed in a relatively short period of time to strengthen and integrate its social security system. An important component was ensuring the incorporation of long-term unemployed workers.Mr Boudou spoke with ILO during a visit to Geneva, where he held talks with senior officials of the ILO and the International Social Security Association (ISSA).