Argentina has recovered with average 9% annual growth...10 years after its huge bust...when its peso collapsed, there was rioting in the streets...and it defaulted on $81 billion in foreign debts.
AND: The WSJ reports that President Kirchner will be cracking down on labor union demands...allowing only a smaller wage increase of 18%...while inflation there roars on at 25% annually. CFK is said to have 'bad relations' with top union honcho Hugo Moyano (above).
Her recent landslide re-election has given her the clout to combat unions.
But she has told the media and President Hugo Chavez that she will not seek another term.
http://online.wsj.com/article/SB10001424052970204397704577070753742588194.html