The Argentine Corralito versus the Spanish Crisis
On Thursday, 15 March 2012, Carlos Balbín, the Head of the Department of Administrative Law at the Universidad de Buenos Aires, delivered a lecture to Law students at the UIC as part of the continuing-education conferences that are regularly organized by the UIC's Faculty of Legal and Political Sciences.
Carlos Balbín described the effects of the economic
crisis in Argentina
on public law. He analysed the political model that existed in Argentina at
that time and described how it did nothing to prevent the economic measures of
2001, known as the corralito.
From
a legal point of view, Balbín talked about the
social and economic landscape of Argentina, the legal framework in
which the country operated, and how a so-called Emergency Law opened the door
to arbitrariness and left citizens without certain rights.
The guest made
a comparison with the situation in Spain
and said that a Spanish corralito was not possible, since the
political institutions, legislative power and presidential model in Argentina are
completely different from the Spanish parliamentary model and the separation of
powers that exists in this country.