Argentine President Fernando De la Rúa resigned Thursday and left the presidential palace in a helicopter amid celebrations in the streets as the country faces what could be history's worst debt default by a sovereign nation.
Popular discontent and voters fatigue gave the Chilean centre left ruling coalition of President Ricardo Lagos a strong blow in last Sunday's legislative election.
Argentina's perilous economic plight is getting comprehensive coverage on British television and big headlines in the British media, such as Argentina fails to win vital IMF loan and IMF refuses to rescue Argentina. The sad repercussions and hardship caused in Argentina are widely reported.
An influential member of the Chilean ruling coalition argued president Ricardo Lagos can not remain quiet or numb to opposition's accusations that pretend to deny the government achievements
The 2002 budget and the Federal participation agreement are the two stalling points that prevent Argentina from having access to the crucial 1,3 billion US dollars International Monetary Fund disbursement.