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View Full Version : Argentina to Expand Utility Subsidy Cuts to Save 4.8 Billion Pesos - Bloomberg



NewsWhore
12-03-2011, 09:50 AM
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Argentina to Expand Utility Subsidy Cuts to Save 4.8 Billion Pesos (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNES4ehuQPGMcv1tCVjBpxhtHNabxg&url=http://www.bloomberg.com/news/2011-12-02/argentina-to-expand-utility-subsidy-cuts-to-save-4-8-billion-pesos.html)
Bloomberg
The South American country began a policy of subsidies and freezing utility rates after the government&#39;s 2001 default on $95 billion in bonds and its decision to drop the peso&#39;s one-to- one peg that led Argentina&#39;s currency to lose about two-thirds of ...

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