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It must be time for more saber rattling over the Falklands
Insight: The big money bails on Argentina - again
More than a decade after Argentina's epic financial collapse of 2001-02, many investors are rushing for the door once again.
From big Chinese and Brazilian companies like miner Vale SA, to small-business owners and savers, the fear of a new crisis has led to canceled investments and suitcases of cash leaving the country.
The mass exodus, which has been limited only by leftist President Cristina Fernandez's capital controls, is threatening to undermine Latin America's No. 3 economy even further by leaving it short of hard currency and new jobs.
More than a decade after Argentina's epic financial collapse of 2001-02, many investors are rushing for the door once again.
From big Chinese and Brazilian companies like miner Vale SA, to small-business owners and savers, the fear of a new crisis has led to canceled investments and suitcases of cash leaving the country.
The mass exodus, which has been limited only by leftist President Cristina Fernandez's capital controls, is threatening to undermine Latin America's No. 3 economy even further by leaving it short of hard currency and new jobs.
http://news.yahoo.com/insight-big-money-bails-argentina-again-050621104.html
1 replies
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