Its standard of living was considered
the highest in Latin America.
However several economical crisis led
to a terminal crisis en 2001.
Several governments´ policies ended
up almost destroying Argentine economy. Unemployment, factories´
shut down, housing, health and educational deterioration were
the distinctive trait during the past thirty years until that
Basically, our country impoverishment
was the result of externally led policies. And probably the
most ridiculous of them all was to set a one to one, peso-dollar,
After the crisis, there was no other exit than to alter that
policy and that fact allowed the stoppage of the imports flood
and the beginning of a slow but persistent export activity.
And the country and also the capital city seems to be getting
on its feet once again.
Thus, actually, almost three million tourists are visiting Argentina
every year. Half of them come from Europe or the US. Many of
them come attracted by the Patagonian or Northern landscapes.
Many others just remain in Buenos Aires
attracted by the cosmopolitan "porteña" atmosphere.
This is what a visitor immediately breathes as soon as he gets
Of course it would be impossible to describe the innumerable
attractions that our city offers. But undoubtedly, Palermo,
one of its oldest and most traditional boroughs is one of them.
Palermo used to be a very traditional
neighbourhood. Many Tango lyrics describe its very well known
race tracks, its cobble stone streets, its tree bordered plazas
and its cafes. Palermo shows one of the largest parks than any
major city of the world can offer. Fountains, lagoons, statues
and promenades can be found.
A wonderful zoo and botanical garden,
as well as a Japanese one, are here to be discovered.
But Palermo is also known for its large gastronomic variety.
All sort of ethnical restaurants are available. German, Italian,
Mexican, French, Arabic and Indian food, among others, are eagerly
waiting along its generally sunny, calm and attractive streets.
Prices, on the other hand, are simply astonishing. A couple
may eat and drink an exquisite argentine wine at the fanciest
restaurant for no more than fifty dollars. Both of them!
Palermo has also developed in the last five or six years two
very fancy sectors suggestively named Soho and Hollywood, where
most of our clothing and fashion designers show their creative
work. Palermo has reached an international level without losing
its petty borough spirit.