|
|
Article: Argentina seeks to nationalize private pensions
- Article from:
- AP Worldstream
- Article date:
- October 21, 2008
- Author:
CopyrightCopyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. (Hide copyright information)
|
President Cristina Fernandez proposed a government takeover of nearly US$30 billion in private pension funds on Tuesday, saying retirees must be protected from the global financial crisis.
But her move spooked investors and triggered steep falls in Argentine stocks and bonds.
"While the U.S. and other countries are stepping in to rescue their banks, Argentina must protect our retirees," Fernandez said as she signed a nationalization bill that now goes to Argentina's Congress, where her Peronist party has a ruling majority.
Fernandez said she's required by the constitution to guarantee pensions. And Amando Boudo, executive director of the national social ...
Related newspaper, magazine, and journal articles:
|
|
Article: Ante la crisis, "la industria del tango". ...
Proceso;
August 18, 2002 ;
700+ words
...BUENOS AIRES. -- Desde hace varios ... hasta hoy un correlato en Buenos Aires, donde se estima que queda ... en cuenta que la capital argentina es considerada, por encima ... argentinos llev a la alcalda de Buenos Aires a buscar desesperadamente ...
|
|