Word: argentinas
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Dates: during 1980-1989
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...Argentina tries to dictate the terms for its loans...
...ARGENTINA...
...Citibank, announced that they were willing to renegotiate the interest rates and the timetable for payments. The banks remained reluctant, however, to grant similar concessions to other large Latin debtors because they have made less headway with their economic difficulties. Brazil's annual inflation rate is 210%, and Argentina's is an astounding...
Finance and foreign ministers from several Latin countries, including Mexico, Argentina and Brazil, are planning to get together next week in Cartagena, Colombia, to discuss their debt problems. But Citibank Chairman Walter Wriston dismissed fears that the Latin nations would join forces to withhold payments. Said he: "They would be cutting off their source of funds. They would be cutting their own throats by setting up a cartel...
...sights. Nobody can deny that there are enormous and highly complex problems in Hispanic America. But there are new leaders today who are determined to tackle the most intractable of them. An example of an important achievement in this respect is the restoration of democratic institutions in Argentina, which has been a cause for rejoicing among all the Hispanic nations. There is an obvious need for dialogue between the two Americas, a dialogue that would be beneficial for both of them, and, in fact, for the entire world...