+ + + 3 BRANDNEW NewsTickers for your Website! + + + easy configurable in less than 1 Minute + + + GET'EM NOW! + + +

   Home | Join | Submit News | MyShortNews | HighScores | FAQ'S | Forums 0 Users Online   
                 01/19/2018 08:40 PM  
  ShortNews Search
search all Channels
RSS feeds
  406 Visits   2 Assessments  Show users who Rated this:
Quality:Very Good
Back to Overview  
01/04/2002 02:38 PM ID: 15314 Permalink   

Argentina Defaults On $274 Billion Debt


The Argentine government has formally announced that it will not be paying back any of its $274 billion in public debt, which is the biggest default ever by a country.

There have been criticisms that the free market policies the IMF forced Argentina to follow lead to its financial collapse and there are now fears that other countries in the region will stop reforming their economies.

There has also been criticism that the IMF continued to give Argentina up to $11 billion in loans in the last two years, even though it was clear they would never be paid back.

    WebReporter: cameron Show Calling Card      
ASSESS this news: BLOCK this news. Reason:
  What's Your Opinion?
Copyright ©2018 ShortNews GmbH & Co. KG, Contact: