Also only 2 latin american states have reached true democracy status where the elections are continually stable Costa Rica and chile
Argentina, Venezuela, Nicaragua, Mexico. Chile is actually one of the least consistently democratic.
Not to say we are not democratic, but Argentina has had trouble with transitions of power. For a long period of history (1928 to 1989), no elected president handed power to another elected president, because of a combination of military coups, deaths, and resignations. Also, the president who handed power in 1989 had to resign early, his successor modified the constitution in an at the very least questionable manoeuvre to get two consecutive terms,
his successor quit after two years leading to a period where we had five presidents in two weeks...
Basically, the only 'normal' transitions of power we've had since 1928 were Menem to de la Rúa in 1999 and Kirchner to the other Kirchner in 2007. 2015 might be the next one!
@Kefka: Chile is about as European as Argentina, in terms of ethnic makeup.