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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?


To: isopatch who wrote (4736)12/1/2001 1:57:32 PM
From: Davy Crockett  Read Replies (1) | Respond to of 36161
 
LOL. Speaking about Argentina...err Enron dailynews.yahoo.com

Argentina to Dollarize, Cap Withdrawals

By Athena Jones

BUENOS AIRES, Argentina (Reuters) - Argentina will convert peso bank deposits into dollars and temporarily limit cash withdrawals, the government said on Saturday, amid fears a run on banks by nervous savers could sink the shaky economy.

Worried Argentines lined up at banks and bled cash machines of pesos and dollars in downtown Buenos Aires on Friday, worried their savings could be frozen as Latin America's No.3 economy scrambles to avoid the messiest default in history on its $132 billion public debt.


TIC TOC...

Regards,
Peter