Repeat of 2001 crisis impossible, says Redrado
Martin Redrado, the governor of the Central Bank of Argentina, says that the country's economy is strong enough to avoid a repeat of the crippling crisis it experienced in 2001.
"The objective probability of a crisis similar to those of the past is virtually zero in Argentina now," said Redrado argued in an article for La Nacion, a newspaper.
This, he argued is the result of the implementation of a robust and consistent policy agenda. Foreign exchange reserves reached record-high levels for
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