The Mudcat Café TM
Thread #43992   Message #684029
Posted By: GUEST
05-Apr-02 - 05:54 PM
Thread Name: BS: Still alive in Argentina
Subject: RE: BS: Still alive in Argentina
Argentina's president, Eduardo Duhalde, has announced fresh measures to relieve poverty. About 45% of the country lives in poverty. Under the new plan, each unemployed household will from 15 May receive 150 pesos ($50.5) a month. The peso has already lost about 70% of its value. The country has amassed 141 billion in financed debt. Financed through taxes on exports and cuts in special pensions, is seen as a way of settling the social unrest that ousted Mr Duhalde's predecessor. The IMF is suspicious.