| Aug. 1998 | Argentina’s worst recession in decade; unemployment hits 15 percent. |
| Dec. 2001 | Default on $155 billion of debt — world’s largest. Pres. de la Rua resigns. |
| Jan. 2002 | Peronist Eduardo Duhalde becomes interim president. Peso decoupled from dollar. |
| April 2002 | Banking and currency operations stop. |
| June 2002 | Police kill two in anti-IMF/govt. demonstration. |
| July 2002 | Early elections called for March 2003.. |
