What is argentinazo?

Argentinazo refers to a period of social and economic unrest that took place in Argentina in late 2001 and early 2002. The crisis was sparked by mounting external debt, the devaluation of the Argentine peso, and widespread unemployment. The events culminated in December 2001 when the government froze bank accounts and restricted cash withdrawals, leading to mass protests and riots.

The protestors, known as "piqueteros," were largely made up of unemployed workers and lower-income citizens who demanded an end to government corruption and economic inequality. They blocked roads and highways, occupied factories, and clashed with police.

The crisis resulted in the downfall of the government of President Fernando de la Rúa, who resigned in December 2001. Three different presidents took office in the following weeks, as the country struggled to find stability.

The Argentinazo had lasting effects on the country, including the emergence of new political movements and the continued political and economic influence of social movements. It also highlighted the need for structural reforms to address inequality and improve social mobility in Argentina.