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Old April 30th, 2002, 10:27 PM

Karel Karel is offline
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Default Re: OT- Argentina, what a country!

sorry, no economic wonder.

Economic Wonders don't happen. There are things we can't explain, but a wonder, no. Very simple: an economy needs some basic terms, for example good (tax)laws, healty finacial system (e.g. trustworthy(to exclude Andersen) accountants, banks, analyst, press, ect), less corruption, stabile government, etc.

sorry Andres, but like you know, Argentina violates some of these basic terms and to fix them will take a lot of time even with a 'honest' government, I mean a government who forces banks to give them loans???? Unbelievable.

Here in Holland the reaction from Dutch multinationals to the Argentina crisis is withdrawing or freezing of operations in Argentina. To get their trust and money back will take a long time.
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