As Devesh Kapur and Pratap Bhanu Mehta argued in a paper, political instability and a divided parliament - with the ruling coalition often a minority in the upper house - contributed to the slowing down of output.
Lawmakers told the mission that Congress would reject any economic salvage plan that hinges upon freezing the savings of ordinary Argentines and turning them into bonds - paper pledges to pay the depositors in future - according to Jorge Capitanich of the ruling Peronist party.