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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: Tom Byron who wrote (12763)	12/22/2001 7:04:00 PM
From: sea_urchin	Respond to of 82289

Guree, I don't know anything about Argentina. But, if they make a nice, big devaluation then go there for a vacation.

To: Tom Byron who wrote (12763)	12/22/2001 7:53:14 PM
From: Ahda	Read Replies (1) \| Respond to of 82289

quote.bloomberg.com 12/22 15:50 Argentine Govt to Stop Debt Payments, Force 30% Loss (Update3) By Michael Smith and John Lyons Buenos Aires, Dec. 22 (Bloomberg) -- Adolfo Rodriguez Saa, picked to be Argentina's temporary president, will stop paying government debt and force creditors to take a 30 percent loss on their capital, a top Peronist party congressman said. The write-down would mean a loss of approximately $29 billion dollars for banks, investment funds and individuals holding bonds that make up the bulk of the nation's $132 billion public debt. The situation of the country is very grave right now and I believe that it's necessary to suspend payments on the foreign debt,'' Rodriguez Saa said hours before it was announced he would be named president. Peronist party legislators unanimously backed him as temporary president. I have not found a statement of defualt to the IMF Iwould not be surprised however. Congress is expected to formally name Rodriguez Saa president during a special session at 7 p.m. (5 p.m. New York time). He said he would also announce details of his program after being sworn in. Anyone hear the details or has he resigned already?