ASSESSMENTS
Argentina: A Risky Pension Fund Nationalization
Nov 21, 2008 | 19:05 GMT
ALEJANDRO PAGNI/AFP/Getty Images
Summary
The upper house of Argentina's legislature has approved the nationalization of 10 of the country's private pension funds. The move will provide the government with quick cash, but in the long run will add significantly to its debt — and risk creating a social backlash.
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