Well that's the problem, isn't it. Their government is trying to run the economy, when in fact, economies run themselves.
All a government can do to "help the economy" is to enforce just laws against force and fraud. Anything else is counterproductive.
"Whenever destroyers appear among men, they start by destroying money, for money is man's protection and the base of a moral existence. Destroyers seize gold and leave to its owners a counterfeit pile of paper. This kills all objective standards and delivers men into the arbitrary power of an arbitrary setter of values. Gold was an objective value, and equivalent of wealth produced. Paper is a mortgage on wealth that does not exist, backed by a gun aimed at those who are expected to produce it. Paper is a check drawn by legal looters upon an account which is not theirs: upon the virtue of the victims. Watch for the day when it bounces, marked: 'Account overdrawn.'--Ayn Rand, Atlas Shrugged, 1957
Powerful stuff.
I am under the impression that government price and wage fixing is a cause for this mess. I'm not really up to speed on it, though, nor am I an economist. Perhaps someon more knowledgeable could elaborate a little on just what happened.
An Argentine restaurant opened near me not long ago and I had wondered why what appeared to be wealthy and aristocratic Argentinian folks would want to get in the restaurant business in Miami. Shortly, however, their wisdom became apparent... They serve good food and I wish them well.
A friend made a trip to Argentina several years ago and loved both the country and the people.
Anyway, if anyone has insights on the reasons for their problems, I would like to hear.