Word: gerchunoff
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...peso will not be devalued. Last year $11 billion flowed into Argentina in direct and indirect investment; this year the amount is expected to drop by as much as half. ``There is a crisis of confidence and some fears that Argentina might have trouble paying its debt,'' says Pablo Gerchunoff, an economist at the Instituto di Tella in Buenos Aires. ``These fears may only be partly justifiable, but unjustified fears can sometimes become self-fulfilling prophecies...
With asperity Buenos Aires' able Political Colyumist Alberto Gerchunoff declared, "The present Pan-American Conference will probably be known in history as the most mediocre...
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