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...July to 6.5% in November, Menem's program has hit several snags. Among them: the Peronist leader's failure to cut staff at any of Argentina's money-losing state enterprises and the resignations nearly three weeks ago of Central Bank President Egidio Ianella and Economy Minister Nestor Rapanelli and his deputy. The departures further weakened confidence in the economy. Argentina's currency, the austral, has plunged in value more than 50% against the U.S. dollar this past week, and experts guess consumer prices will jump about 50% for December...

Author: /time Magazine | Title: ARGENTINA: The Greenback Gets Respect | 1/8/1990 | See Source »

...Argentina the post of Economic Minister has become almost as star-crossed as the hyperinflated economy. The previous officeholder, Miguel Roig, 68, died July 14, just six days after he joined the Cabinet of incoming President Carlos Saul Menem. Roig's successor, businessman Nestor Rapanelli, 60, had been on the job only three days last week when newspaper reports disclosed that a judge in Venezuela had put out a warrant for his arrest in connection with a $6 billion trade-fraud scheme...

Author: /time Magazine | Title: SCANDALS: This Job Is Jinxed | 7/31/1989 | See Source »

...crime allegedly took place in 1985 and 1986, when Rapanelli, who has denied any wrongdoing, managed Gramoven, a Venezuelan affiliate of the Argentine agribusiness giant Bunge y Born. The judge charged that Gramoven had overbilled Caracas for grain. Venezuela is unlikely to prosecute the minister, however, because the two countries have no extradition treaty...

Author: /time Magazine | Title: SCANDALS: This Job Is Jinxed | 7/31/1989 | See Source »

...unlimited control over the nationalized companies. But Menem has so far offered no details about his privatization drive. Those particulars are not likely to come soon. On Friday, only six days after joining Menem's Cabinet, Economic Minister Miguel Roig died of a heart attack. His replacement, businessman Nestor Rapanelli, will be the fourth Economic Minister since March 31, when Juan Sourrouille resigned because of his inability to stabilize the economy...

Author: /time Magazine | Title: Get Up and Walk! | 7/24/1989 | See Source »

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