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Gold/Mining/Energy : Gold Price Monitor

GDXJ 112.58

-1.5%

Dec 15 4:00 PM EST

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To: Richnorth who wrote (84745)	4/25/2002 12:31:37 PM
From: long-gone	Read Replies (2) of 116815

Argentina's Lavagna warns foreign investors not to expect favors as government seeks to stemt crisis Thu Apr 25, 8:20 AM ET BRUSSELS, Belgium - Argentina's likely next economic minister Roberto Lavagna said Thursday he will strive to keep borders open to trade but warned foreign investors they "will have to suffer as much as the general public" as the country struggles to get back on its feet. In an interview with Dow Jones Newswires, Lavagna, 60, said he would fly from Brussels to Buenos Aires later Thursday evening to meet with Argentinian President Eduardo Duhalde. Argentina's ambassador to the European Union (news - web sites) acknowledged that he was being considered to become the new chief economic policymaker, but insisted no formal offer had yet been made. "I first must have extensive conversations with the President," he said. Argentina's present economics minister Jorge Remes Lenicov submitted his resignation Tuesday and will step down on Friday. If he receives the job offer, Lavagna reportedly will take over on Monday. He said his priority would be to end the run on bank deposits. "When you see the population lining up in front of banks, it doesn't reassure investors," Lavagna said. (cont) story.news.yahoo.com

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