question on Argentina
myates at monthlyreview.org
Tue Feb 19 14:31:35 MST 2002
[ converted frmo HTML. Les]
Perhaps someone on the list can answer this for me. I understand that the
Argentine gov't. in the early 1980s actually assumed the foreign debt of both
multinational and domestic companies. Were these debts denominated in dollars?
I also understand that the government paid a subsidy to the firms whose debts
were assumed because the peso was losing value.
Can anyone explain the mechanics of this process? I don't understand it.
You can reply to me at myates at monthlyreview.org
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