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Periscope.

Newsweek International

| September 27, 2004 | COPYRIGHT 2004 Newsweek, Inc. All rights reserved. Any reuse, distribution or alteration without express written permission of Newsweek is prohibited. For permission: www.newsweek.com. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Peter Hudson and Phil Gunson, Eric Pape, Alberto Letona and Mike Elkin, John Sparks, Eric Unmacht, Mark Hosenball, Rana Foroohar, Andreas Tzortzis, Kathryn Williams, Brad Stone, Sean Smith, Nicki Gostin

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Is the heavy hand of the state returning to Latin American finance? Argentina's President Nestor Kirchner raised eyebrows last Friday when he announced that 38-year-old Alfonso Prat Gay, hailed as an independent and effective central-bank chief, wouldn't return to his post after his term expires this month. Instead, Martin Redrado, the current secretary of International Relations and a man known for his ...

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