Peso float buys time in Argentina

ARGENTINA - The controlled flotation of the Argentine peso on Monday bought President Eduardo Duhalde's government a little time to continue improvising a plan to rescue the country from financial collapse, but pressing issues remain unresolved in the corporate sector.

After defaulting on $141bn of public debt in December and breaking a 10-year link with the US dollar, Argentina has been under pressure to come up with a credible strategy for putting the fiscal accounts in order, reviving the

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