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TGN Seen Closer to Flaring Up

Oct 31, 2008

Exchange rate risks, reduction in export revenues and market uncertainty are combining to push Argentina’s Transportadora de Gas del Norte (TGN) closer to the edge of default. Fitch has...

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"[While] it’s good to build more infrastructure and increase investment, you have to be conscious about the macro effects of too big an increase in domestic demand, including of course public expenditure."

Julio Velarde, Peru central bank


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