Argentina scrambles to find cash for debt, stimulus:

12/5/2008 | Economist (free content), The

Argentine President Cristina Fernandez de Kirchner is desperately searching for cash to fund a mammoth public-works program that she hopes will stimulate the economy. She also needs money to service maturing debt. Fernandez de Kirchner gained access to cash from private pension funds but was beaten in an attempt to raise the export tax on commodities. Argentina's monetary reserves are dwindling, commodity prices are falling and exports to the EU are declining.

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Economist (free content), The

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