Argentina to pay off debt early
Argentina has said it will pay its $10bn debt to
the International Monetary Fund three years early.
Argentina has said it will pay its $10bn debt to the International Monetary Fund three years early.
President Nestor Kirchner said Argentina needed control of the tools to build its independence.
His announcement came two days after Brazil, in a similar move, said it would pay off its $15bn debt [two years ahead of schedule].
Is this a good time to talk about saving money and paying your bills? Our own government has the fiscal ethics of a trollop. The secretary of the Treasury prances around abroad advising people to save less and borrow more. Americans have finally achieved negative personal savings from income!
Posted: Fri - December 16, 2005 at 05:55 AM