Word: argentinas
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...both creditor and debtor nations came together in Washington last week for meetings of the policymaking committees of the International Monetary Fund and the World Bank, the persistent debt dilemma was at the top of the agenda. Fears are rising once again about the financial condition of Brazil and Argentina, as well as that of a host of smaller debtors located mainly in Latin America and Africa. After three days of closed-door talks, the world's moneymen were no closer to a cure for the debt woes. Said Onno Ruding, Finance Minister of the Netherlands: "Do not expect miracles...
...also shut off credit to Argentina, which owes $48 billion in loans. Although the country promised the IMF last September that it would slash inflation from a 687% annual rate to 300%, prices are now rising at an 851% pace. The government is trying to slow the whirlwind by limiting wage hikes to 90% of the previous month's cost of living increases, but that policy has led to a series of strikes, which threaten to stall economic growth. Admits President Raúl Alfonsín: "The government is multiplying its efforts to get the country back on its feet...
Monday, March 14. Chenal’s Native Son (U.S. & Argentina, 1951). 9 p.m. Harvard Film Archive. Tickets $8; students and seniors $6. Tickets at the Harvard Film Archive...
...Much, Peso Little In the largest debt restructuring of modern times, Argentina persuaded the bulk of 500,000 creditors to swallow losses of up to 70% on the $102.6 billion they were owed when Argentina defaulted on its payments...
...born in Argentina and began piano lessons at the age of five with his mother and father. He made his debut in Buenos Aires at the age of seven, gaining international notoriety after a series of concerts in Vienna, Rome, Paris, London, and New York...