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06 January 2010

ARGENTINA: Central Bank Head Refuses To Resign.

BLOOMBERG/

A serious crisis is developing after President Cristina Fernández fired central bank governor Martín Redrado over her plans to use $6.6b in central bank funds to pay off debt. Redrado has refused to quit, saying that only Congress can fire him. Fernández’s control over Congress has weakened since mid-term elections.
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Labels: Cristina Fernandez de Kirchner, Martin Redrado
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