Dr. Julien Mercille:

The situation in relation to Argentina is interesting. Growth there was very striking. The European media and, in particular, The Irish Times, reported it in a very biased way. Default by Argentina occurred in 2001. On the tenth anniversary of that default The Irish Timesreport in that regard referred to people running around the streets of Argentina with machetes full of blood, which they had used to slaughter cows because they had nothing to eat. Thus, the image we have of default is blood in the streets and people running around with knives.