CPI in April rose by 8.4% and the year-on-year reaches 108.8%, once again the highest percentage since the corralito crisis in 2001. The Peronist government has no compass, in the midst of a harsh electoral campaign, without clear candidates to renew its mandate in October.

The most optimistic forecasts call for 120% inflation by December, while Massa embraces the International Monetary Fund (IMF) as a remedy against a devaluation. The crisis, meanwhile, raises the specters of extreme measures and gives wings to the extreme right.