Uruguay plopped into the economic toilet

[spejic]

http://story.news.yahoo.com/news?tmpl=story&ncid=586&e=4&cid=586&u=/nm/20020730/wl_nm/economy_uruguay_dc_1

[evilcrossbar]

Yeah, that's what happens to you when you're a small buffer province between Brazil and Argentina (both of which are going through an economic meltdown).

[Real Ray]

fyi-related subject

"Argentina, Shortchanged
Why the Nation That Followed the Rules Fell to Pieces"

http://www.washingtonpost.com/ac2/wp-dyn?pagename=article&node=&contentId=A3893-2002May10&notFound=true

[Jeff]

Interesting article on Argentina. Hindsight is 20-20, but tying the peso to the US dollar regardless, more than a wee bit risky. I hope the recovery for them is swift and more importantly, stable.

[CrewDust]

http://abcnews.go.com/wire/Business/ap20020804_1062.html

$1.5 billion loan.

[tredowski]

Originally posted by evilcrossbar
Yeah, that's what happens to you when you're a small buffer province between Brazil and Argentina (both of which are going through an economic meltdown).

Brazil too?! I thought they were the ones who were doing the best around there.