|
|
Article: EL SALVADOR IN FINANCIAL TROUBLE, PRESIDENT ANTONIO SACA SUPPLICATES THE LEFT.
- Article from:
- NotiCen: Central American & Caribbean Affairs
- Article date:
- August 24, 2006
CopyrightCOPYRIGHT 2006 Latin American Data Base/Latin American Institute. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
El Salvador's conservative Alianza Republicana Nacional (ARENA) government has come to a rare agreement with the opposition Farabundo Marti para la Liberacion Nacional (FMLN). The parties have agreed to negotiate approval of international loans that President Antonio Saca needs to avert a financial crisis. Some believe the crisis has already begun, others, that there is still time to head it off. But most agree that what is in the offing is something similar to what happened in Argentina four years ago, an epic economic meltdown.
Saca responded to the FMLN agreement to talk with uncharacteristic enthusiasm. "I appreciate that we are going down a good road," ...