After the presidential primary elections (PASO) that determine which political parties go to the final elections (those that achieve more than 1.5%), and that function as a pre-election statistic, the exchange market skyrocketed, the dollar reached $ 62, a historical record, and caused a financial, social and political collapse.

The Frente de Todos, made up of Peronism and Kirchnerism, won with 47% of the votes, imposing 15 points above Together for Change, which got 32%, a political space that leads the current president Argentine Mauricio Macri.

On the same Monday afternoon, President Mauricio Macri spoke at a press conference after the overwhelming defeat he suffered in the PASO.

He declared that the Argentine citizens who voted against the current government were responsible for the market crash "because the world does not want Kirchnerism", and thus freed itself from all responsibility. On the same day Argentine bonds and stocks fell, the stock market 38% and the dollar climbed 23%.

Far from some self-criticism, President Mauricio Macri said: “What can happen is tremendous, we cannot return to the past, because the world sees the end of Argentina. Doubts about the economy come because they (the Kirchnerists) do not arouse confidence: the biggest problem we have today is that the Kirchner alternative has no credibility in the world".

In this way he managed to deepen the crisis, leaving aside some option to reassure the markets and showing that it is not in their plans to intervene to stabilize the exchange and inflation situation, which depreciated the salary of workers by 30% in just 12 hours, giving light green to the dollar, which went over 60 pesos and then fell back to $ 57.60.

The presidential statements were counterproductive in the scenario of economic crisis in Argentina, which as a result of the presidential sayings and the non-intervention in the market by the Central Bank, saw how banking services fell, in addition, there were complaints of shortages of wholesale stores and retailers, due to the run of the dollar, and the Merval fell 38%, taking the country risk this Tuesday to 1800 basis points, a value that had not been recorded since May 2009.