Argentina isn't desperate and is actually holding on their own, their biggest issue is inflation which is about 25%. So i am surprised to see this story being about Argentina and not Venezuela
Now we venezuelans are indeed in much trouble. The inflation is so high the government doesn't publish it anymore, but is expected to be near 200% per year. Every item you can think of it's scarse since most of them are being imported and the government ran out of dollars since oil price has gone down (and corruption gets getting higher)
We get fingerprinted at supermarkets so we aren't able to buy twice the same item in a week, yet there are people that pay the government and get items and resell them on the black market. I am talking mostly about food, toiler paper and most supplies.
A car here costs more than an apartment, for another example.
Conversion rate is nearly 320 bolivares per USD, while 3 years ago it was about 20 bolivares per USD