Cavallo resigns post as Argentine Economy minister

ARGENTINA - Television in Argentina broke the news that Economy Minister Domingo Cavallo resigned Thursday following several days of nationwide food riots and popular protests against the government's economic austerity policies.

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There was no official confirmation that Cavallo had quit as yet. But it is clear that he has left his position. President Fernando de la Rua will soon replace his 10-member cabinet, according to news reports

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