Argentina pins hopes on tough new economy minister

Argentine President Fernando de la Rua handed the nation's financial future to a hawkish new economy minister on Mar 4, 2001, vowing to honor economic pledges and keep the peso-dollar peg intact.

Taking up the mantle of economy minister after his predecessor's resignation, former defense chief and economist Ricardo Lopez Murphy said he would honor all economic pacts, debt payments and growth targets agreed with the International Monetary Fund (IMF) to clinch a $40 billion aid deal.

The hard-line

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