24 December 2011

CHILE / ARGENTINA : Volcano's Ashes Devastate Local Economies.

                                          WSJ / M. MOFFETT

WSJ:     "Volcanic eruptions, continuing now for six months, have devastated this city of 130,000 (Bariloche) and nearby Argentine communities, which are economically dependent on skiers in winter and fishermen and trekkers in summer. Regional airports have been paralyzed. Hotel bookings are way down and restaurants are largely empty. Several thousand residents have pulled up stakes in search of better prospects elsewhere.
     Most troubling of all is the uncertainty over when the ordeal will end."