ASSESSMENTS
Argentina: Running Out of Runway
Dec 4, 2008 | 20:41 GMT
DANIEL GARCIA/AFP/Getty Images
Summary
Argentina’s government made several moves Dec. 4 that will have serious ramifications for the country’s struggling economy. Additional outlays of cash, combined with the nationalization of the country’s largest airline, will reduce the government’s room to maneuver on financial issues and bring the country closer to a probable default.
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