Re: [spiers] Argentina's New Plan

In a message dated 6/20/01 2:07:03 PM, fundingsolutions@lvcm.com writes:

<<
Unfortunately, if he sells this 7% split, other Latin American countries
who's economies are in shambles will follow. Mexico could take a huge hit
in the near future and accordingly try to pass it on to the US through NAFTA
amendments.

And depending on how much those economies need to be supported, the US may
just go along with it. The down side being a signal that it is OK to go
above the 7% floor set by Argentina.

In conclusion, I don't like it very much.

Rick Blu >>

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Indeed...and Argentine exporters earn 7% just for exporting, and Argentine
importers are forced to pays 7% more... too bad for Argentine consumers...
(how long will this last as the mischievous sort "earn" 7% on their money
exporting "services" a tidy profit compliments of the Argentine taxpayers...)

John Spiers

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