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Argentina seeks to nationalize private pensions
Argentina — President Cristina Fernandez proposed a government takeover of nearly US$30 billion in private pension funds on Tuesday, saying retirees must be protected from the global financial crisis. But her move spooked investors and triggered steep falls in Argentine stocks and bonds. "While...
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Tags: Argentina, pensions fund, private pensions, financial crisis, argentine stock, global financial, Cristina Fernandez de Kirchner, president cristina, Latin America, Congressional
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