Argentina: Duhalde's Economic Minister Resigns!

[Giancarlo]

http://www.cnn.com/2002/WORLD/americas/04/23/argentina.economy.ap/index.html

This is major and could signal a crumbling in Duhalde's government... the world famous (horribly corrupt) Carlos Menem could come back to power... if Duhalde steps down. It is getting apparent by the minute there is nobody to replace Economic Minister Lenicov. I think the entire cabinet has also presented their resignations too.

[Daniel]

Originally posted by Giancarlo
http://www.cnn.com/2002/WORLD/americas/04/23/argentina.economy.ap/index.html

This is major and could signal a crumbling in Duhalde's government... the world famous (horribly corrupt) Carlos Menem could come back to power... if Duhalde steps down. It is getting apparent by the minute there is nobody to replace Economic Minister Lenicov. I think the entire cabinet has also presented their resignations too.

No offense or anything...I take this as good news.

I'm hoping for Argentina to get out of it's economical slum.

[Giancarlo]

Originally posted by Daniel


No offense or anything...I take this as good news.

None taken. I infact hate the current adminstration. And thought Lenicov was an fool.

And Argentina's GDP is going to contract 10-15% this year.

[Daniel]

Originally posted by Giancarlo


None taken. I infact hate the current adminstration. And thought Lenicov was an fool.

And Argentina's GDP is going to contract 10-15% this year.

So it's bad that the Economic minister resigns?

Dang, 10-15%?? That's alot. Hopefully, Argentina starts getting the country back together.

[Giancarlo]

Originally posted by Daniel


So it's bad that the Economic minister resigns?

Well it is good news actually. I just said it was major. Menem will actually be better than Duhalde.



Dang, 10-15%?? That's alot. Hopefully, Argentina starts getting the country back together.

Not likely, this country has a massive deficit and there are banking restrictions.