More than you can pay People tend to use credit card, because they would like to spend more money than they actually earn. When it comes to paying off the credit card, it is never easy. If you decide to pay only minimum amount, you will end up paying forever and it is even worse when you lose your job. Argentina was going through the exact same situation in December 2001. Late 1990¡¯s were the period …showed first 75 words of 517 total…

…showed last 75 words of 517 total…for Argentina. It was clear from the fact that from the 20th of December to 30th of December, five presidents were elected. Just like people tend to spend more money with credit cards than they can earn, Argentina¡¯s case was in exactly same situation as where everyone has been in. Argentina¡¯s currency was overvalued and the country spent more than they could earn from the export. It definitely gives us a good lesson.