(, English: "Things happened" or "We were doing well, but then things happened all of a sudden") or simply abbreviated as pasaron cosas, is a phrase that was uttered by Mauricio Macri, former president of Argentina on 17 June 2018 during an interview with Jorge Lanata, well-known for being a fervent opponent of kirchnerism as well of the austere policies of Macri, while trying to justify the worsening of the country's economic situation in the last two months, in which an exchange rate run occurred that culminated in the resignation of the president of the Central Bank of Argentina, Federico Sturzenegger on 14 June, while resigning to the post, it was left an erratic accumulated inflation of 95% and a devaluation of the peso of 175%. By pronouncing the phrase, Macri sought to release the government from any responsibility regarding the country's crisis, stating that it was the product of a greater worldwide situation, in which the world was in a "very volatile financial situation", remainings of the financial crisis of 2007–2008.
The unexpected phrase drew national attention and widespread criticism of the opposition and the middle class. Following harsh criticism, it became an overnight internet meme, national shame of the population, which the term was used as an analogy to a feeling of control and overconfidence of someone, then unexpectedly loses control of the situation, ending with an unexpected ending, or a quick end-a-relationship quote; shaming through the media, such as television programs or newspapers; spawning mocks internet page; a strong impact on the social network Twitter, Instagram and Facebook, becoming a popular national Twitter trend and Twitter accounts; a radio program; a Spotify podcast of current Argentine events; T-shirt sales; and YouTube sketch videos.
Background
During his period as head of government of the city of Buenos Aires during his term (2007-2015), Mauricio Macri, leader of the Republican Proposal centre-right political party (PRO), had pointed out Argentina's inflation on numerous occasions as one of the main shortcomings of the previous two national governments of the Frente para la Victoria (FpV), a centre-left political party led first by Néstor Kirchner's term, and then by his wife, Cristina Kirchner, during 2003 until 2015.
During an interview on Argentine TV program on 30 January 2014, Macri, seen at the time as a potential candidate for the presidency, affirmed that high inflation was a "demonstration of management inability". But on 8 February 2015, during an interview with Canal 26, Macri declared that eliminating inflation would be "the simplest thing he would have to do" if he were to be elected president, he went so far as to promise below-digit inflation by the end of 2017. After his victory in the 2015 Argentine general election and after four months in the office, on 20 March 2016, he affirmed that, if inflation does not go down, his government would take full responsibility and "blame no one."
During his term, however, inflation continued to rise steadily. During the first half of his term, and despite his previous comments, Macri declared that the inability to reduce inflation wasn't the responsibility of his term, but of various "external problems". With this, at the beginning of 2018, after ending 2017 with an inflation of 24.8%, the government changed its economic goals: from 10% in 2018 to 15%, and from 5% in 2019 to 10% but during the second quarter of 2018, a currency crisis unleashed, which led to the collapse of the value of the Argentine peso, the increase in country risk to the second highest in the world and interest rates, becoming one of the highest of the world with 40%, followed far behind by Suriname (25%), Venezuela (21.7%) and Haiti (20%).
The failure of the vain measures taken by the president of the Central Bank of Argentina, Federico Sturzenegger, to combat the crisis, finally led to his resignation on 14 June 2018, Sturzenegger commented that, in his opinion, the reasons given by the president and summarized in the clumsy expression of "things happened" did not cause the crisis, but "the fault lies in the policies that were decided. The deterioration of fiscal policy first, and then the choice to bet on short-term growth, even at the expense of monetary institutions and inflation."