Argentina: Chronicle of a default foretold, continued

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As Latin America’s Leaders Hail Democracy In Havana, Cuba’s Beatings Intensify, but rather than try some networking at Davos, Cristina visited with what’s left of Fidel, while Argentina Loses $1.25 Billion of Foreign-Currency Reserves Kirchner’s Government Tries to Head Off Recession Argentina’s central bank has shed $1.25 billion of its dwindling foreign-currency reserves since it devalued the peso last week, even as the currency came under renewed pressure on Thursday. … he devaluation has so far failed to achieve what is believed to be its main goal: to close the confidence-busting gap between the official and black-market rates. The gap has narrowed in recent weeks. . . .

Read more from Argentina: Chronicle of a default foretold, continued at Fausta's Blog

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