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Duhalde's Woes.(Eduardo Duhalde, President of Argentina)(Brief Article)
Argentina's President Eduardo Duhalde took a gutsy step last week, unveiling a plan to phase out a widely hated freeze on bank accounts. Under the scheme, Argentines would swap their savings for government bonds that would take up to 10 years to mature. Given the calls for resignation that many of Argentina's policymakers have encountered in the last six months, Duhalde was right to be braced for protests. But surprisingly, criticism was relatively muted--the masses were too busy toasting Argentina's victory over Nigeria in the World Cup. The monthlong competition has granted Duhalde a "reprieve without the weekly threat of resignation," wrote Andrew Graham-Yooll, editor of the Buenos Aires Herald. Duhalde can't have been too happy ...
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Source: HighBeam Research, Duhalde's Woes.(Eduardo Duhalde, President of Argentina)(Brief...