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New Economy Minister Lays out Reforms for Argentina.
Publication: The Miami Herald (Miami, Florida) (via Knight-Ridder/Tribune Business News) Publication Date: 23-MAR-01 |
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COPYRIGHT 2001 The Miami Herald
Byline: Andres Oppenheimer
Mar. 22--BUENOS AIRES, Argentina--Domingo Cavallo, the miracle worker who rescued Argentina from hyperinflation in 1991 and was summoned back to the government this week amid a major political and financial crisis, laid out a bold recovery program Wednesday and said Argentina's president needs extraordinary powers to jump-start the stagnant economy.
U.S. and Latin American officials are watching Argentina's crisis with anxiety, because of fears of a regional financial crisis if Argentina fails to meet its foreign debt payments. Argentina has also been the closest U.S. diplomatic ally...
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