economy minister is appointed to try to restructure the economy. In the past two years Argentines have seen way too many faces slide through offices. This caused people to start to lose trust and hope in their government. Soon after Cavallo's appointment the stock market crashes and three rating agencies slash Argentina's credit ratings.

In July 2001 Murphy's austerity bills are passed. Slashing state salaries and pensions by 13% and forcing an end to budget deficits. Argentines trust in their government is now completely lost. In November of that year people withdrew almost 1.3billlion dollars from their bank accounts. This worried Cavallo, so he ordered a restriction on the amount of money the pubic is allowed to withdraw from their bank accounts. This was also done to help out the banks. The pension funds that were taken are n

Some common words found in the essay are:
Soon Cavallo's, Argentines Devaluing, Murphy Murphy, Domingo Cavallo, Argentina Crisis, Eduardo Duhalde, Luis Machina, La Rua, Daniel Marx, January Argentina, trust government, past argentina, bank accounts, economy minister, argentina crisis,
Approximate Word count = 565
Approximate Pages = 2 (250 words per page double spaced)