Word: argentina
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...rigs. The crisis ended after an agreement between the oil workers' union and the rigs' owners, U.S.-based Transocean company. Hostage taking is not uncommon in the Southern Niger Delta, where much of the population remains extremely poor despite the country's vast petroleum resources. Race to the Finish argentina Presidential hopefuls Carlos Menem and Nestor Kirchner kicked off their campaigns for the May 18 runoff after leading the first round of voting with 24% and 22% of the vote, respectively. Both Menem, a proponent of the free market, and the center-left Kirchner are members of the divided ruling...
Carlos Menem wasn't President when Argentina's finances collapsed in December 2001 and the country defaulted on its $147 billion foreign debt. But he was President from 1989 to 1999--a decade of economic growth but also of government profligacy and breakneck privatization that displaced tens of thousands of workers and produced corruption scandals. One of them got Menem placed under house arrest in 2001 for his alleged involvement in an illegal $100 million arms sale. (The charges against him were later dropped.) As a result, surveys show that most Argentines blame Menem for their deep economic depression, which...
...Iraq would be paid for by the country's oil revenues. But between debts, money owed on signed contracts and reparations from the first Gulf War, Baghdad owes $200 billion to $300 billion. That means the country is in much tougher shape than international financial basket cases like Argentina. And its oil sales, subject to U.N. approval, amount to only about $15 billion annually...
Carlos Menem wasn't President when Argentina's finances collapsed in December 2001 and the country defaulted on its $147 billion foreign debt. But he was President from 1989 to 1999 - a decade of economic growth but also of government profligacy and breakneck privatization that displaced tens of thousands of workers and produced corruption scandals. One of them got Menem placed under house arrest in 2001 for his alleged involvement in an illegal $100 million arms sale. (The charges against him were later dropped.) As a result, surveys show that most Argentines blame Menem for their deep economic depression, which...
...accepted figures puts Iraqi commercial and official debt at $116 billion and claims for war reparations at a bit over $200 billion. Some estimates put total debt at close to $400 billion. To put that in perspective, Iraq's per capita debt is over 10 times as great as Argentina's, the worlds previously leading economic basket case...