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Mar 24, 2016

A brief history of Argentina’s strange, complicated default

It's been a long road from financial ruin to Tuesday's visit from Obama.

by Tony Wagner
U.S. President Barack Obama delivers a speech during a state dinner with Argentine President Mauricio Macri at the Kirchner Cultural Centre in Buenos Aires on March 23, 2016. The United States and Argentina sealed a major trade deal on the eve -the first day of President Barack Obama's visit- bolstering the efforts of his counterpart to end a decade-and-a-half of international financial isolation.
U.S. President Barack Obama delivers a speech during a state dinner with Argentine President Mauricio Macri at the Kirchner Cultural Centre in Buenos Aires on March 23, 2016. The United States and Argentina sealed a major trade deal on the eve -the first day of President Barack Obama's visit- bolstering the efforts of his counterpart to end a decade-and-a-half of international financial isolation.
NICHOLAS KAMM/AFP/Getty Images

U.S. President Barack Obama touched down in Argentina on Tuesday for the first presidential visit since 2005. Our frosty relationship with South America’s third-largest economy isn’t as fraught as, say, Cuba. But it’s been a strange decade as Argentina has tried to pull its way out of a massive default since the turn of the century. Let’s take a look back.

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