Word: argentina
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...serve as collateral for the new Mexican paper. While the proposal may be a breakthrough in the debt standoff, the $10 billion in loan relief would still leave Mexico with a daunting load. Moreover, the scheme may not be readily adaptable for such other debtor nations as Brazil and Argentina, which cannot match Mexico's relatively healthy $15 billion in foreign currency reserves...
...conference also called for a ceiling on the repayment of Latin America's $400 billion foreign debt -- much of it owed to U.S. banks. For all the tough talk, however, the meeting accomplished little. The eight countries at Acapulco -- Argentina, Brazil, Colombia, Mexico, Panama, Peru, Uruguay and Venezuela -- have no means of imposing their views on the other OAS members. Still, the likelihood of an increasing regional assertiveness at odds with U.S. policies and interests brought little comfort to Washington...
Schwammberger, 75, took refuge in Argentina in the late 1940s. In recent years he was protected by friends in high places. But early this year an Argentine judge took up the extradition request that was lodged by West Germany 14 years ago and eventually caught up with him. The former commander of a labor camp for Jews at Przemysl, Poland, will stand trial in West Germany for murdering hundreds...
More and more, home is where the office is. -- The Seabrook plant may bankrupt a utility. -- Argentina talks austerity -- again...
...speech, Alfonsin skirted many problems. He outlined no fresh measures to reduce government expenditures or privatize any of the state's 520 deficit- ridden companies. Although Argentina has been conciliatory to creditors, foreign bankers have been especially leery of debtor nations ever since February, when Brazil stopped paying interest on a large part of its $110 billion debt. That helped lead several U.S. banks to declare record losses. Since a similar default by Argentina would add to the bankers' mounting woes, they are as eager for Alfonsin's new program to work as the President...