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IPFS News Link • Economy - International

Uruguay Is Basically A Giant Offshore Bank Account

• Business Insider
 

The capital city of Montevideo is notoriously sleepy and provincial. It feels in many ways like a small town despite having 1.3 million inhabitants, about a third of the country’s population.

There’s very little going on in Montevideo, and this point is soundly driven home if you’re wandering around on a Sunday afternoon.

Then there’s Punta del Este, the resort town roughly 90 miles east of Montevideo. I lived here for a spell several years ago. I enjoyed it… but Punta is definitely a different animal altogether.
 
For six to eight months out of the year, it’s completely dead. The local governments even shut off most of the stoplights.
 

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