Demonstrators March on Dec. 20, 2002, in Buenos Aires in commemoration of the first anniversary of protests that toppled Argentina's elected president Fernando de la Rua. Mr. De la Rua quit on Dec. 20, 2001 as Argentina's president after two days of violent protests against IMF-approved policies and government corruption that had led to four years of recession and an economic collapse.ALI BURAFI
Former Argentine president Fernando De la Rua says Greece and Ireland are benefiting from the nasty way his own country was treated by the International Monetary Fund back in 2001, when a full-blown financial crisis hit.
The IMF failed Argentines by insisting on the "dogmatic application of the moral hazard theory," Mr. de la Rua said on Tuesday in Toronto, where he's attending the two-day Toronto Forum for Global Cities.
The U.S. Did the same when it allowed Lehman to fail. Now both are going easier on the PIGS.
Mr. De la Rua is still bitter about the IMF because he was president at the time and it cost him his job. His successor simply decided it was safer politically to default on the sovereign debt.