Argentina is leading the Latin American news again these days. Domingo Cavallo is back in the role of economy minister, this time armed with special congressional powers to dig the country out of trouble. In late March, the major ratings agencies downgraded Argentina?s foreign currency rating and were considering lowering it even more. We have followed the country closely, particularly beginning last October with a profile of Cavallo himself in which he discussed the ideas he is now trying to execute. Our February cover story analyzed the causes of Argentina?s malaise. This month, Bill Rhodes, Citicorp?s financial diplomat, discusses some of the broader issues facing the

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