ARGENTINE LEADER FIRES TOP ECONOMIC MINISTER.Byline: Ian Phillips Associated Press Associated Press: see news agency. Associated Press (AP) Cooperative news agency, the oldest and largest in the U.S. and long the largest in the world. President Carlos Menem Carlos Saúl Menem (born July 2, 1930) was President of Argentina from July 8, 1989 to December 10, 1999 for the Justicialist Party (Peronist) very infamous and criticized due corruption and his dubious handling of the investigations of the 1992 Israeli Embassy bombing and the 1994 has fired Economy Minister Domingo Cavallo Domingo Felipe "Mingo" Cavallo (born July 21, 1946) is an Argentine economist and politician. He has a long history of public service and is known for implementing the Convertibilidad , the chief architect of Argentina's five-year economic turnaround, presidential spokesman Raul Delgado said Friday. Cavallo, a 49-year-old Harvard-trained economist who took over at the Economy Ministry in 1990, had no immediate comment. He was replaced by Roque roque: see croquet. Fernandez, the 48-year-old head of the Central Bank. ``We'll follow the same path as before, but we'll correct the errors,'' Menem said, later thanking Cavallo for his ``exceptional contribution'' to the country's economy. On the Buenos Aires stock exchange Buenos Aires Stock Exchange (Bolsa de Comercio de Buenos Aires) Argentina's major securities market. , leading share prices, which had begun to slip as rumors surfaced over Cavallo's future, plunged more than 4 percent Friday. Cavallo's dismissal came in the wake of his latest clash with Menem. The minister objected Wednesday to a decree to reinstate a 2 percent tax on certain bank industry transactions. CAPTION(S): Photo Photo: (color) Members of the Argentine Workers Movement pr otest in Buenos Aires against austerity measures. Associated Press |
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