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Argentina faces a currency crisis as reserves dwindle

Posted on 18 October 2013

Argentina is inching closer to a currency crisis that could unleash economic havoc unless the government takes the tough decisions needed to increase confidence in Latin America’s No. 3 economy and stem the outflow of foreign reserves.
Starting in 2003, Argentina’s government began moving away from market-friendly economic policies toward a more populist attitude that grants generous government subsidies on everything from public transport to social programs………………………………………..Full Article: Source


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