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Argentina will suspend payment on national debt, president says.

Chicago Tribune (Chicago, IL)

| December 23, 2001 | COPYRIGHT 2007 Chicago Tribune. 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: Patrice M. Jones

BUENOS AIRES, Argentina _Argentina's new interim president announced immediately after taking office Sunday that he will suspend payments on the nation's crippling $132 billion debt, the largest national debt default in history.

Adolfo Rodriguez Saa, a 54-year-old former governor from Argentina's now-ruling Peronist party, was officially sworn in Sunday after a tumultuous week of deadly looting and demonstrations that culminated in the resignation of president Fernando de la Rua.

Saa, whose mandate lasts about 60 days until new elections are scheduled to be held, nonetheless laid out an ambitious economic stimulus program…

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