Peso Plunge: Collapse of Currency Dredges Up Old Frustrations, Threatens Argentina’s President (Washington Times)

A 2001 government default was followed by 12 years of leftist rule that left Argentina struggling to rebuild its treasury and clean up its reputation in the global financial circle.

But the return of the currency bears and a sharp rise in the U.S. dollar have left Argentina — and a number of developing countries including Brazil, Mexico, South Africa and Russia — reeling again, desperately trying to bolster the value of their currencies without undermining local growth. READ MORE

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