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To: cloud8

Argentina pulling itself out of debt?

Hardly. Chavez bought out Argentinian debt at record levels.

If you look at the numbers Argentinia will not be able to pay off that buyout in twenty years.


5 posted on 12/18/2005 6:29:28 AM PST by Muttering Mike
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To: Muttering Mike

> Argentina pulling itself out of debt?

Retiring its IMF loan a couple of years early and saving a billion in interest. It was in the WSJ Thursday I think.

> Chavez bought out Argentinian debt at record levels.

This guy is turning into a major problem.


6 posted on 12/18/2005 6:42:04 AM PST by cloud8
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