Algodon Wine Estates

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Don't Cry for Argentina

Source: VCReporter
07.05.2007

When we first visited Argentina three years ago two stark and contrasting facts were immediately apparent: the pitiful state of the local economy and the absolute bonanza of travel bargains. Friends had told us of making hotel reservations in Buenos Aires for $200 a night which, when they arrived, were now $80 — same hotel, same room, different exchange rate. Fast forward to 2007, and while this fabulous and vibrant country is still feeling the aftereffects of an economic perfect storm, Argentina is slowly and inexorably climbing back onto its feet.

External Link: http://www.vcreporter.com/article.php?id=4862&IssueNum=131

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