At the beginning of the century, Argentina had a dreadful couple of weeks that would make magical realism pioneer Gabriel Garcia Márquez blush. After the economy hit rock bottom in 2001, violent protests broke out that obliterated the political system. In the last ten days of that year, Argentina went through five different presidents.
Nineteen years later, Peru is on a similar path, as 76-year-old lawmaker Francisco Sagasti became the country’s third different head of state in the space of a week.
He was elected by Congress on Monday, after the resignation of interim President Manuel Merino,...