Argentina's woes are not solved

ARTICLE - The new Argentine government of President Eduardo Duhalde has started decisively. It took little time to devalue the peso and sketch out a new economic strategy. But the policy remains full of holes. Rather than follow the successful recent devaluations in Mexico, Russia and Brazil, Argentina risks exacerbating its economic crisis.

Editorial from the Financial Times London edition, 8 January 2002.

The significance of the peso devaluation cannot be under-estimated. After years of ruinous

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