No winners from Redrado’s row
Argentina's monetary authority, the Central Bank of Argentina, has found itself embroiled in the latest domestic political crisis owing to a dispute with President Cristina Férnandez de Kirchner over the Treasury's intention to appropriate $6.5 billion of central bank reserves (14% of total) to plug its 2% of GDP financing gap for 2010.
On the surface, the domestic controversy raised by this proposal seems to been have blown out of proportion. After all, global markets have cheered the purchase
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