Venezuelan President Hugo Chavez announced in New York yesterday that his government planned to purchase $1 billion worth of Argentine government debt, in addition to the $557 million worth it purchased earlier this year. Though Chavez termed the move 'a good business deal' , some U.S. officials view the actions as an attempt to integrate the region economically and reduce dependence on U.S. capital. (Reuters)
Friday, September 16, 2005
Venezuela to purchase $1b in Argentine debt
Venezuelan President Hugo Chavez announced in New York yesterday that his government planned to purchase $1 billion worth of Argentine government debt, in addition to the $557 million worth it purchased earlier this year. Though Chavez termed the move 'a good business deal' , some U.S. officials view the actions as an attempt to integrate the region economically and reduce dependence on U.S. capital. (Reuters)
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