Thursday, October 2, 2014

Argentina Central Bank President ousted for "leaking sensitive information."

The information in question is that the government is planning to confiscate what is left of the people's money. This information deprives the authorities of the element of surprise.

“One of the last voices of reason of the current administration has departed,” Alejo Czerwonko, a New York-based strategist at UBS Wealth Management’s chief investment office, said in an e-mailed response to questions. “This development points towards further radicalization of monetary and fiscal policy in the country.”

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