21 November 2011

ARGENTINA: Cristina's Foreign Currency Policies Confuse Investors And Savers.

                                        WSJ/ M.MOFFETT

     WSJ:"President Cristina Kirchner's mixed signals about how she plans to address longstanding problems in Argentina's economy are adding to uncertainty that is causing capital flight, analysts say.
      In the gap between Mrs. Kirchner's re-election last month and her December inauguration, Argentines aren't clear which policy makers are in charge and what the strategy is, the analysts say. In recent days, government policy has veered from market-intruding controls on foreign-currency transactions to market-friendly reductions in some utility subsidies to consumers."