Investors React Negatively To Argentina's Decision

Investors React Negatively To Argentina's Decision

Argentina

Argentina's currency and markets slumped on Friday following the news late Thursday that the country's intends to clear all of its debt with the International Monetary Fund (IMF). The peso closed at the year's weakest level of 3.0355 pesos against the dollar, reflecting investor fears that government spending may rocket and inflation may slip out of control. Argentina's President Néstor Kirchner said he wanted to clear the $9.8 billion debt so that the country could get on with its economic mana

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