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View Full Version : Argentina Downgraded to Kazakhstan on Foreign Fund Restrictions - Bloomberg



NewsWhore
03-23-2009, 08:20 AM
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Argentina Downgraded to Kazakhstan on Foreign Fund Restrictions (http://news.google.com/news/url?sa=T&ct=us/0-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601109%26sid%3DapN5Xd3qU8I8%26refer%3Dhome&cid=0&ei=snHHSYzXGeWgmAeVltCnDw&usg=AFQjCNHxK6otwwyXuqjVg6VFmxXvzYLR5A)
Bloomberg
A three-year recession, fueled in part by the peso’s peg to the dollar and ballooning debt payments, led the government to partially freeze bank accounts, default on $95 billion in bonds and let the currency devalue nearly 70 percent in 2002. ...


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