Peso panic and rocketing prices shake the throne of Argentina’s Queen Cristina

Argentina’s president, Cristina Fernández de Kirchner, and her ministers blame foreign ‘vultures’ for an economic meltdown as power cuts hit Buenos Aires and goods vanish from supermarket shelves

Social welfare activists wait for the start of a protest march for higher pay as riot police stand guard behind them in Buenos Aires last week.  Photograph: Victor R. Caivano/AP

Even in normal years, the summer heat in Buenos Aires is overwhelming. Among a population of nearly 13 million packed into the long shore of the wide River Plate, the phrase most often heard from the lips of porteños is: “It’s the humidity that kills you.”

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