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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (12377)	12/2/2001 10:22:30 AM
From: Hawkmoon	Respond to of 281500

And since someone mentioned Argentina the other day, I thought this somewhat relevant to what may lie in store for next week's trading: finance.canada.com Argentines step up run on banks Financial Post - Saturday December 1, 2001 By Thomas Catan Debt fears threaten to explode into a full-blown banking crisis BUENOS AIRES - Domingo Cavallo, Argentina's economy minister, yesterday appealed for calm as nervous Argentines began to step up their withdrawals from banks. Interbank interest rates soared above 500% early in the day as banks faced difficulties meeting increased withdrawals. Talk that the government would be forced to impose capital controls next week to prevent a collapse of the banking system further spurred jitters among Argentines.