,text
0,"<s>[INST]  accountid=28034 Abstract: I refer to the page-one article ""Argentina Cries Foul [/INST]  as Choice Employers Beat a Path Next Door"" May 2. The story generalizes a few local, prejudiced opinions that have dominated a few sectors of the media in the past, without reflecting the extremely positive developments in the Brazilian-Argentine relationship. Many of those views have nothing to do with the present realities of the integration and were in fact linked to the Argentine economy's competitive problems. </s>"
1,"<s>[INST] proquest.com/docview/398709970?  accountid=28034 Abstract: I refer to the page-one article ""Argentina Cries Foul [/INST]  as Choice Employers Beat a Path Next Door"" May 2. The story generalizes a few local, prejudiced opinions that have dominated a few sectors of the media in the past, without reflecting the extremely positive developments in the Brazilian-Argentine relationship. </s>"
2,"<s>[INST]  The story generalizes a few local, prejudiced opinions that have dominated a few sectors of the [/INST]  media in the past, without reflecting the extremely positive developments in the Brazilian-Argentine relationship. Many of those views have nothing to do with the present realities of the integration and were in fact linked to the Argentine economy's competitive problems. Most of the ""issues"" described are in fact not new, and have been satisfactorily dealt with in the recent phase of dialogue and understanding between our two countries. </s>"
3,"<s>[INST] accountid=28034  Abstract: I refer to the page-one article ""Argentina Cries Foul as Choice Employers Beat a Path Next Door"" May 2.  The story generalizes a few local, prejudiced opinions that have dominated a few sectors of the [/INST]  media in the past, without reflecting the extremely positive developments in the Brazilian-Argentine relationship. Many of those views have nothing to do with the present realities of the integration and were in fact linked to the Argentine economy's competitive problems. </s>"
4,"<s>[INST]  Many of those views have nothing to do with the present realities of the [/INST]  integration and were in fact linked to the Argentine economy's competitive problems. Most of the ""issues"" described are in fact not new, and have been satisfactorily dealt with in the recent phase of dialogue and understanding between our two countries. Full text: I refer to the page-one article ""Argentina Cries Foul as Choice Employers Beat a Path Next Door"" May 2. </s>"
5,"<s>[INST] The story generalizes a few local, prejudiced opinions that have dominated a few sectors of the media in the past, without reflecting the extremely positive developments in the Brazilian-Argentine relationship.  Many of those views have nothing to do with the present realities of the [/INST]  integration and were in fact linked to the Argentine economy's competitive problems. Most of the ""issues"" described are in fact not new, and have been satisfactorily dealt with in the recent phase of dialogue and understanding between our two countries. </s>"
6,"<s>[INST]  Most of the ""issues"" described are in fact not new, and have been satisfactorily dealt [/INST]  with in the recent phase of dialogue and understanding between our two countries. Full text: I refer to the page-one article ""Argentina Cries Foul as Choice Employers Beat a Path Next Door"" May 2. The story generalizes a few local, prejudiced opinions that have dominated a few sectors of the media in the past, without reflecting the extremely positive developments in the Brazilian-Argentine relationship. </s>"
7,"<s>[INST] Many of those views have nothing to do with the present realities of the integration and were in fact linked to the Argentine economy's competitive problems.  Most of the ""issues"" described are in fact not new, and have been satisfactorily dealt [/INST]  with in the recent phase of dialogue and understanding between our two countries. Full text: I refer to the page-one article ""Argentina Cries Foul as Choice Employers Beat a Path Next Door"" May 2. </s>"
8,"<s>[INST]  Full text: I refer to the page-one article ""Argentina Cries Foul [/INST]  as Choice Employers Beat a Path Next Door"" May 2. The story generalizes a few local, prejudiced opinions that have dominated a few sectors of the media in the past, without reflecting the extremely positive developments in the Brazilian-Argentine relationship. Many of those views have nothing to do with the present realities of the integration and were in fact linked to the Argentine economy's competitive problems. </s>"
9,"<s>[INST] Most of the ""issues"" described are in fact not new, and have been satisfactorily dealt with in the recent phase of dialogue and understanding between our two countries.  Full text: I refer to the page-one article ""Argentina Cries Foul [/INST]  as Choice Employers Beat a Path Next Door"" May 2. The story generalizes a few local, prejudiced opinions that have dominated a few sectors of the media in the past, without reflecting the extremely positive developments in the Brazilian-Argentine relationship. </s>"
10,"<s>[INST]  The story generalizes a few local, prejudiced opinions that have dominated a few sectors of the [/INST]  media in the past, without reflecting the extremely positive developments in the Brazilian-Argentine relationship. Many of those views have nothing to do with the present realities of the integration and were in fact linked to the Argentine economy's competitive problems. Most of the ""issues"" described are in fact not new, and have been satisfactorily dealt with in the recent phase of dialogue and understanding between our two countries. </s>"
11,"<s>[INST] Full text: I refer to the page-one article ""Argentina Cries Foul as Choice Employers Beat a Path Next Door"" May 2.  The story generalizes a few local, prejudiced opinions that have dominated a few sectors of the [/INST]  media in the past, without reflecting the extremely positive developments in the Brazilian-Argentine relationship. Many of those views have nothing to do with the present realities of the integration and were in fact linked to the Argentine economy's competitive problems. </s>"
12,"<s>[INST]  Many of those views have nothing to do with the present realities of the [/INST]  integration and were in fact linked to the Argentine economy's competitive problems. Most of the ""issues"" described are in fact not new, and have been satisfactorily dealt with in the recent phase of dialogue and understanding between our two countries. The agreement recently reached between Brazil and Argentina in the automotive sector and, more importantly, the April 28 bilateral agreement aimed at establishing common macroeconomic targets for the four member states are, in the article in question, submerged beneath a long recitation of parochial and outdated complaints that certainly do not reflect the present positions of the main actors in the integration process. </s>"
13,"<s>[INST] The story generalizes a few local, prejudiced opinions that have dominated a few sectors of the media in the past, without reflecting the extremely positive developments in the Brazilian-Argentine relationship.  Many of those views have nothing to do with the present realities of the [/INST]  integration and were in fact linked to the Argentine economy's competitive problems. Most of the ""issues"" described are in fact not new, and have been satisfactorily dealt with in the recent phase of dialogue and understanding between our two countries. </s>"
14,"<s>[INST]  Most of the ""issues"" described are in fact not new, and have been satisfactorily dealt [/INST]  with in the recent phase of dialogue and understanding between our two countries. The agreement recently reached between Brazil and Argentina in the automotive sector and, more importantly, the April 28 bilateral agreement aimed at establishing common macroeconomic targets for the four member states are, in the article in question, submerged beneath a long recitation of parochial and outdated complaints that certainly do not reflect the present positions of the main actors in the integration process. The governments and the most important business sector entities are working together in this endeavor, building a deep union by means of the establishment of important joint mechanisms that will foster solutions to the present and future trade frictions among the four countries. </s>"
15,"<s>[INST] Many of those views have nothing to do with the present realities of the integration and were in fact linked to the Argentine economy's competitive problems.  Most of the ""issues"" described are in fact not new, and have been satisfactorily dealt [/INST]  with in the recent phase of dialogue and understanding between our two countries. The agreement recently reached between Brazil and Argentina in the automotive sector and, more importantly, the April 28 bilateral agreement aimed at establishing common macroeconomic targets for the four member states are, in the article in question, submerged beneath a long recitation of parochial and outdated complaints that certainly do not reflect the present positions of the main actors in the integration process. </s>"
16,"<s>[INST]  The agreement recently reached between Brazil and Argentina in the automotive sector and, more importantly, the April 28 bilateral agreement aimed at establishing common macroeconomic targets for the four member states are, [/INST]  in the article in question, submerged beneath a long recitation of parochial and outdated complaints that certainly do not reflect the present positions of the main actors in the integration process. The governments and the most important business sector entities are working together in this endeavor, building a deep union by means of the establishment of important joint mechanisms that will foster solutions to the present and future trade frictions among the four countries. It should not be necessary to tell North Americans, who are implementing the Nafta agreements, how normal such frictions are in a close economic relationship among different markets. </s>"
17,"<s>[INST] Most of the ""issues"" described are in fact not new, and have been satisfactorily dealt with in the recent phase of dialogue and understanding between our two countries.  The agreement recently reached between Brazil and Argentina in the automotive sector and, more importantly, the April 28 bilateral agreement aimed at establishing common macroeconomic targets for the four member states are, [/INST]  in the article in question, submerged beneath a long recitation of parochial and outdated complaints that certainly do not reflect the present positions of the main actors in the integration process. The governments and the most important business sector entities are working together in this endeavor, building a deep union by means of the establishment of important joint mechanisms that will foster solutions to the present and future trade frictions among the four countries. </s>"
18,"<s>[INST]  The governments and the most important business sector entities are working together in this endeavor, building a deep union by means of [/INST]  the establishment of important joint mechanisms that will foster solutions to the present and future trade frictions among the four countries. It should not be necessary to tell North Americans, who are implementing the Nafta agreements, how normal such frictions are in a close economic relationship among different markets. Rubens Antonio Barbosa Ambassador Brazilian Embassy Washington </s>"
19,"<s>[INST] The agreement recently reached between Brazil and Argentina in the automotive sector and, more importantly, the April 28 bilateral agreement aimed at establishing common macroeconomic targets for the four member states are, in the article in question, submerged beneath a long recitation of parochial and outdated complaints that certainly do not reflect the present positions of the main actors in the integration process.  The governments and the most important business sector entities are working together in this endeavor, building a deep union by means of [/INST]  the establishment of important joint mechanisms that will foster solutions to the present and future trade frictions among the four countries. It should not be necessary to tell North Americans, who are implementing the Nafta agreements, how normal such frictions are in a close economic relationship among different markets. </s>"
20,"<s>[INST]  accountid=28034 Abstract: Squads of unemployed laborers, wielding signs that read ""Made in Brazil -- [/INST]  No,"" have taken to the streets to call for a ""Buy Argentine"" campaign. A normally staid Buenos Aires public-affairs TV show recently erupted into a shouting match when union leaders confronted business executives who were comparing Argentina's investment climate unfavorably to Brazil's. And a local radio host, speaking by phone to an Argentine husband-and-wife consulting team, denounced them on air as traitors for working with Brazilian industrial promoters. </s>"
21,"<s>[INST] proquest.com/docview/398715143?  accountid=28034 Abstract: Squads of unemployed laborers, wielding signs that read ""Made in Brazil -- [/INST]  No,"" have taken to the streets to call for a ""Buy Argentine"" campaign. A normally staid Buenos Aires public-affairs TV show recently erupted into a shouting match when union leaders confronted business executives who were comparing Argentina's investment climate unfavorably to Brazil's. </s>"
22,"<s>[INST]  A normally staid Buenos Aires public-affairs TV show recently erupted into a shouting match when [/INST]  union leaders confronted business executives who were comparing Argentina's investment climate unfavorably to Brazil's. And a local radio host, speaking by phone to an Argentine husband-and-wife consulting team, denounced them on air as traitors for working with Brazilian industrial promoters. In the past year, a Who's Who of multinationals, from Philips Electronics NV to Goodyear Tire & Rubber Co., along with a host of Argentine companies, have shifted production to Brazil from Argentina, taking thousands of jobs with them. </s>"
23,"<s>[INST] accountid=28034  Abstract: Squads of unemployed laborers, wielding signs that read ""Made in Brazil -- No,"" have taken to the streets to call for a ""Buy Argentine"" campaign.  A normally staid Buenos Aires public-affairs TV show recently erupted into a shouting match when [/INST]  union leaders confronted business executives who were comparing Argentina's investment climate unfavorably to Brazil's. And a local radio host, speaking by phone to an Argentine husband-and-wife consulting team, denounced them on air as traitors for working with Brazilian industrial promoters. </s>"
24,"<s>[INST]  And a local radio host, speaking by phone to an Argentine husband-and-wife consulting team, [/INST]  denounced them on air as traitors for working with Brazilian industrial promoters. In the past year, a Who's Who of multinationals, from Philips Electronics NV to Goodyear Tire & Rubber Co., along with a host of Argentine companies, have shifted production to Brazil from Argentina, taking thousands of jobs with them. ""The Brazilians are like bad neighbors that come into our house to steal the furniture,"" says Buenos Aires state Gov. </s>"
25,"<s>[INST] A normally staid Buenos Aires public-affairs TV show recently erupted into a shouting match when union leaders confronted business executives who were comparing Argentina's investment climate unfavorably to Brazil's.  And a local radio host, speaking by phone to an Argentine husband-and-wife consulting team, [/INST]  denounced them on air as traitors for working with Brazilian industrial promoters. In the past year, a Who's Who of multinationals, from Philips Electronics NV to Goodyear Tire & Rubber Co., along with a host of Argentine companies, have shifted production to Brazil from Argentina, taking thousands of jobs with them. </s>"
26,"<s>[INST]  In the past year, a Who's Who of multinationals, from Philips Electronics NV to Goodyear Tire & Rubber Co., along [/INST]  with a host of Argentine companies, have shifted production to Brazil from Argentina, taking thousands of jobs with them. ""The Brazilians are like bad neighbors that come into our house to steal the furniture,"" says Buenos Aires state Gov. Carlos Ruckauf, who has pledged to bar non-Argentine companies from state contracts. </s>"
27,"<s>[INST] And a local radio host, speaking by phone to an Argentine husband-and-wife consulting team, denounced them on air as traitors for working with Brazilian industrial promoters.  In the past year, a Who's Who of multinationals, from Philips Electronics NV to Goodyear Tire & Rubber Co., along [/INST]  with a host of Argentine companies, have shifted production to Brazil from Argentina, taking thousands of jobs with them. ""The Brazilians are like bad neighbors that come into our house to steal the furniture,"" says Buenos Aires state Gov. </s>"
28,"<s>[INST]  ""The Brazilians are like bad neighbors that come into our house [/INST]  to steal the furniture,"" says Buenos Aires state Gov. Carlos Ruckauf, who has pledged to bar non-Argentine companies from state contracts. That's nonsense, say Brazilian officials, adding that Brazil has just done a better job than Argentina in managing its economy. </s>"
29,"<s>[INST] In the past year, a Who's Who of multinationals, from Philips Electronics NV to Goodyear Tire & Rubber Co., along with a host of Argentine companies, have shifted production to Brazil from Argentina, taking thousands of jobs with them.  ""The Brazilians are like bad neighbors that come into our house [/INST]  to steal the furniture,"" says Buenos Aires state Gov. Carlos Ruckauf, who has pledged to bar non-Argentine companies from state contracts. </s>"
30,"<s>[INST]  Carlos Ruckauf, who has pledged to bar [/INST]  non-Argentine companies from state contracts. That's nonsense, say Brazilian officials, adding that Brazil has just done a better job than Argentina in managing its economy. Since January 1999, when Brazil devalued its currency amid a financial crisis, wages and other costs of doing business there have plummeted. </s>"
31,"<s>[INST] ""The Brazilians are like bad neighbors that come into our house to steal the furniture,"" says Buenos Aires state Gov.  Carlos Ruckauf, who has pledged to bar [/INST]  non-Argentine companies from state contracts. That's nonsense, say Brazilian officials, adding that Brazil has just done a better job than Argentina in managing its economy. </s>"
32,"<s>[INST]  That's nonsense, say Brazilian officials, adding that Brazil has just done [/INST]  a better job than Argentina in managing its economy. Since January 1999, when Brazil devalued its currency amid a financial crisis, wages and other costs of doing business there have plummeted. Many economists say those costs now are about 30% lower than in Argentina, which has pegged its currency at parity to the dollar since 1991. </s>"
33,"<s>[INST] Carlos Ruckauf, who has pledged to bar non-Argentine companies from state contracts.  That's nonsense, say Brazilian officials, adding that Brazil has just done [/INST]  a better job than Argentina in managing its economy. Since January 1999, when Brazil devalued its currency amid a financial crisis, wages and other costs of doing business there have plummeted. </s>"
34,"<s>[INST]  Since January 1999, when Brazil devalued its currency amid a financial crisis, [/INST]  wages and other costs of doing business there have plummeted. Many economists say those costs now are about 30% lower than in Argentina, which has pegged its currency at parity to the dollar since 1991. The peg has kept inflation in check, but has made Argentina an expensive place to run a company. </s>"
35,"<s>[INST] That's nonsense, say Brazilian officials, adding that Brazil has just done a better job than Argentina in managing its economy.  Since January 1999, when Brazil devalued its currency amid a financial crisis, [/INST]  wages and other costs of doing business there have plummeted. Many economists say those costs now are about 30% lower than in Argentina, which has pegged its currency at parity to the dollar since 1991. </s>"
36,"<s>[INST]  Many economists say those costs now are about 30% lower than in Argentina, [/INST]  which has pegged its currency at parity to the dollar since 1991. The peg has kept inflation in check, but has made Argentina an expensive place to run a company. Full text: BUENOS AIRES -- Up and down the wide boulevards of this proud capital, there are signs that Argentina's relationship with neighboring Brazil is on the rocks. </s>"
37,"<s>[INST] Since January 1999, when Brazil devalued its currency amid a financial crisis, wages and other costs of doing business there have plummeted.  Many economists say those costs now are about 30% lower than in Argentina, [/INST]  which has pegged its currency at parity to the dollar since 1991. The peg has kept inflation in check, but has made Argentina an expensive place to run a company. </s>"
38,"<s>[INST]  The peg has kept inflation in check, but has made [/INST]  Argentina an expensive place to run a company. Full text: BUENOS AIRES -- Up and down the wide boulevards of this proud capital, there are signs that Argentina's relationship with neighboring Brazil is on the rocks. Squads of unemployed laborers, wielding signs that read ""Made in Brazil -- No,"" have taken to the streets to call for a ""Buy Argentine"" campaign. </s>"
39,"<s>[INST] Many economists say those costs now are about 30% lower than in Argentina, which has pegged its currency at parity to the dollar since 1991.  The peg has kept inflation in check, but has made [/INST]  Argentina an expensive place to run a company. Full text: BUENOS AIRES -- Up and down the wide boulevards of this proud capital, there are signs that Argentina's relationship with neighboring Brazil is on the rocks. </s>"
40,"<s>[INST]  Full text: BUENOS AIRES -- Up and down the wide boulevards of this proud capital, [/INST]  there are signs that Argentina's relationship with neighboring Brazil is on the rocks. Squads of unemployed laborers, wielding signs that read ""Made in Brazil -- No,"" have taken to the streets to call for a ""Buy Argentine"" campaign. A normally staid Buenos Aires public-affairs TV show recently erupted into a shouting match when union leaders confronted business executives who were comparing Argentina's investment climate unfavorably to Brazil's. </s>"
41,"<s>[INST] The peg has kept inflation in check, but has made Argentina an expensive place to run a company.  Full text: BUENOS AIRES -- Up and down the wide boulevards of this proud capital, [/INST]  there are signs that Argentina's relationship with neighboring Brazil is on the rocks. Squads of unemployed laborers, wielding signs that read ""Made in Brazil -- No,"" have taken to the streets to call for a ""Buy Argentine"" campaign. </s>"
42,"<s>[INST]  Squads of unemployed laborers, wielding signs that read ""Made in Brazil -- No,"" [/INST]  have taken to the streets to call for a ""Buy Argentine"" campaign. A normally staid Buenos Aires public-affairs TV show recently erupted into a shouting match when union leaders confronted business executives who were comparing Argentina's investment climate unfavorably to Brazil's. And a local radio host, speaking by phone to an Argentine husband-and-wife consulting team, denounced them on air as traitors for working with Brazilian industrial promoters. </s>"
43,"<s>[INST] Full text: BUENOS AIRES -- Up and down the wide boulevards of this proud capital, there are signs that Argentina's relationship with neighboring Brazil is on the rocks.  Squads of unemployed laborers, wielding signs that read ""Made in Brazil -- No,"" [/INST]  have taken to the streets to call for a ""Buy Argentine"" campaign. A normally staid Buenos Aires public-affairs TV show recently erupted into a shouting match when union leaders confronted business executives who were comparing Argentina's investment climate unfavorably to Brazil's. </s>"
44,"<s>[INST]  A normally staid Buenos Aires public-affairs TV show recently erupted into a shouting match when [/INST]  union leaders confronted business executives who were comparing Argentina's investment climate unfavorably to Brazil's. And a local radio host, speaking by phone to an Argentine husband-and-wife consulting team, denounced them on air as traitors for working with Brazilian industrial promoters. Why is anti-Brazilian feeling running so high? </s>"
45,"<s>[INST] Squads of unemployed laborers, wielding signs that read ""Made in Brazil -- No,"" have taken to the streets to call for a ""Buy Argentine"" campaign.  A normally staid Buenos Aires public-affairs TV show recently erupted into a shouting match when [/INST]  union leaders confronted business executives who were comparing Argentina's investment climate unfavorably to Brazil's. And a local radio host, speaking by phone to an Argentine husband-and-wife consulting team, denounced them on air as traitors for working with Brazilian industrial promoters. </s>"
46,"<s>[INST]  And a local radio host, speaking by phone to an Argentine husband-and-wife consulting team, [/INST]  denounced them on air as traitors for working with Brazilian industrial promoters. Why is anti-Brazilian feeling running so high? It's simple: Argentina woke up one morning not long ago to find that some of its choicest employers had hit the road for Brazil, its main partner in Mercosur, the Latin American trade bloc. </s>"
47,"<s>[INST] A normally staid Buenos Aires public-affairs TV show recently erupted into a shouting match when union leaders confronted business executives who were comparing Argentina's investment climate unfavorably to Brazil's.  And a local radio host, speaking by phone to an Argentine husband-and-wife consulting team, [/INST]  denounced them on air as traitors for working with Brazilian industrial promoters. Why is anti-Brazilian feeling running so high? </s>"
48,"<s>[INST]  It's simple: Argentina woke up one morning not long ago to find that some of its choicest employers [/INST]  had hit the road for Brazil, its main partner in Mercosur, the Latin American trade bloc. In the past year, a Who's Who of multinationals, from Philips Electronics NV to Goodyear Tire & Rubber Co., along with a host of Argentine companies, have shifted production to Brazil from Argentina, taking thousands of jobs with them. ""The Brazilians are like bad neighbors that come into our house to steal the furniture,"" says Buenos Aires state Gov. </s>"
49,"<s>[INST] Why is anti-Brazilian feeling running so high?  It's simple: Argentina woke up one morning not long ago to find that some of its choicest employers [/INST]  had hit the road for Brazil, its main partner in Mercosur, the Latin American trade bloc. In the past year, a Who's Who of multinationals, from Philips Electronics NV to Goodyear Tire & Rubber Co., along with a host of Argentine companies, have shifted production to Brazil from Argentina, taking thousands of jobs with them. </s>"
50,"<s>[INST]  In the past year, a Who's Who of multinationals, from Philips Electronics NV to Goodyear Tire & Rubber Co., along [/INST]  with a host of Argentine companies, have shifted production to Brazil from Argentina, taking thousands of jobs with them. ""The Brazilians are like bad neighbors that come into our house to steal the furniture,"" says Buenos Aires state Gov. Carlos Ruckauf, who has pledged to bar non-Argentine companies from state contracts. </s>"
51,"<s>[INST] It's simple: Argentina woke up one morning not long ago to find that some of its choicest employers had hit the road for Brazil, its main partner in Mercosur, the Latin American trade bloc.  In the past year, a Who's Who of multinationals, from Philips Electronics NV to Goodyear Tire & Rubber Co., along [/INST]  with a host of Argentine companies, have shifted production to Brazil from Argentina, taking thousands of jobs with them. ""The Brazilians are like bad neighbors that come into our house to steal the furniture,"" says Buenos Aires state Gov. </s>"
52,"<s>[INST]  ""The Brazilians are like bad neighbors that come into our house [/INST]  to steal the furniture,"" says Buenos Aires state Gov. Carlos Ruckauf, who has pledged to bar non-Argentine companies from state contracts. That's nonsense, say Brazilian officials, adding that Brazil has just done a better job than Argentina in managing its economy. </s>"
53,"<s>[INST] In the past year, a Who's Who of multinationals, from Philips Electronics NV to Goodyear Tire & Rubber Co., along with a host of Argentine companies, have shifted production to Brazil from Argentina, taking thousands of jobs with them.  ""The Brazilians are like bad neighbors that come into our house [/INST]  to steal the furniture,"" says Buenos Aires state Gov. Carlos Ruckauf, who has pledged to bar non-Argentine companies from state contracts. </s>"
54,"<s>[INST]  Carlos Ruckauf, who has pledged to bar [/INST]  non-Argentine companies from state contracts. That's nonsense, say Brazilian officials, adding that Brazil has just done a better job than Argentina in managing its economy. Since January 1999, when Brazil devalued its currency amid a financial crisis, wages and other costs of doing business there have plummeted. </s>"
55,"<s>[INST] ""The Brazilians are like bad neighbors that come into our house to steal the furniture,"" says Buenos Aires state Gov.  Carlos Ruckauf, who has pledged to bar [/INST]  non-Argentine companies from state contracts. That's nonsense, say Brazilian officials, adding that Brazil has just done a better job than Argentina in managing its economy. </s>"
56,"<s>[INST]  That's nonsense, say Brazilian officials, adding that Brazil has just done [/INST]  a better job than Argentina in managing its economy. Since January 1999, when Brazil devalued its currency amid a financial crisis, wages and other costs of doing business there have plummeted. Many economists say those costs now are about 30% lower than in Argentina, which has pegged its currency at parity to the dollar since 1991. </s>"
57,"<s>[INST] Carlos Ruckauf, who has pledged to bar non-Argentine companies from state contracts.  That's nonsense, say Brazilian officials, adding that Brazil has just done [/INST]  a better job than Argentina in managing its economy. Since January 1999, when Brazil devalued its currency amid a financial crisis, wages and other costs of doing business there have plummeted. </s>"
58,"<s>[INST]  Since January 1999, when Brazil devalued its currency amid a financial crisis, [/INST]  wages and other costs of doing business there have plummeted. Many economists say those costs now are about 30% lower than in Argentina, which has pegged its currency at parity to the dollar since 1991. The peg has kept inflation in check, but has made Argentina an expensive place to run a company. </s>"
59,"<s>[INST] That's nonsense, say Brazilian officials, adding that Brazil has just done a better job than Argentina in managing its economy.  Since January 1999, when Brazil devalued its currency amid a financial crisis, [/INST]  wages and other costs of doing business there have plummeted. Many economists say those costs now are about 30% lower than in Argentina, which has pegged its currency at parity to the dollar since 1991. </s>"
60,"<s>[INST]  Many economists say those costs now are about 30% lower than in Argentina, [/INST]  which has pegged its currency at parity to the dollar since 1991. The peg has kept inflation in check, but has made Argentina an expensive place to run a company. ""There's just no way Argentina, with that currency, can keep pace with us anymore,"" says Paulo Mallmann, an economist at Banco Industrial & Comercial, in Sao Paulo, Brazil. </s>"
61,"<s>[INST] Since January 1999, when Brazil devalued its currency amid a financial crisis, wages and other costs of doing business there have plummeted.  Many economists say those costs now are about 30% lower than in Argentina, [/INST]  which has pegged its currency at parity to the dollar since 1991. The peg has kept inflation in check, but has made Argentina an expensive place to run a company. </s>"
62,"<s>[INST]  The peg has kept inflation in check, but has made [/INST]  Argentina an expensive place to run a company. ""There's just no way Argentina, with that currency, can keep pace with us anymore,"" says Paulo Mallmann, an economist at Banco Industrial & Comercial, in Sao Paulo, Brazil. Some of the passions driving the dispute are rooted in a centuries-long rivalry. </s>"
63,"<s>[INST] Many economists say those costs now are about 30% lower than in Argentina, which has pegged its currency at parity to the dollar since 1991.  The peg has kept inflation in check, but has made [/INST]  Argentina an expensive place to run a company. ""There's just no way Argentina, with that currency, can keep pace with us anymore,"" says Paulo Mallmann, an economist at Banco Industrial & Comercial, in Sao Paulo, Brazil. </s>"
64,"<s>[INST]  ""There's just no way Argentina, with that currency, can keep pace with us anymore,"" says [/INST]  Paulo Mallmann, an economist at Banco Industrial & Comercial, in Sao Paulo, Brazil. Some of the passions driving the dispute are rooted in a centuries-long rivalry. Argentina and Brazil fought a war with each other in the 19th century, and even in more recent decades, southern Brazilian states built railroad tracks narrower than Argentina's to discourage any invasion. </s>"
65,"<s>[INST] The peg has kept inflation in check, but has made Argentina an expensive place to run a company.  ""There's just no way Argentina, with that currency, can keep pace with us anymore,"" says [/INST]  Paulo Mallmann, an economist at Banco Industrial & Comercial, in Sao Paulo, Brazil. Some of the passions driving the dispute are rooted in a centuries-long rivalry. </s>"
66,"<s>[INST]  Some of the passions driving the dispute [/INST]  are rooted in a centuries-long rivalry. Argentina and Brazil fought a war with each other in the 19th century, and even in more recent decades, southern Brazilian states built railroad tracks narrower than Argentina's to discourage any invasion. Culturally, the two neighbors could hardly be more different. </s>"
67,"<s>[INST] ""There's just no way Argentina, with that currency, can keep pace with us anymore,"" says Paulo Mallmann, an economist at Banco Industrial & Comercial, in Sao Paulo, Brazil.  Some of the passions driving the dispute [/INST]  are rooted in a centuries-long rivalry. Argentina and Brazil fought a war with each other in the 19th century, and even in more recent decades, southern Brazilian states built railroad tracks narrower than Argentina's to discourage any invasion. </s>"
68,"<s>[INST]  Argentina and Brazil fought a war with each other in the 19th century, and even in more [/INST]  recent decades, southern Brazilian states built railroad tracks narrower than Argentina's to discourage any invasion. Culturally, the two neighbors could hardly be more different. Argentina was one of the most prosperous nations in the world at the beginning of the 20th century, and even after decades of economic decline, its elites fancied themselves ""South American Europeans"". </s>"
69,"<s>[INST] Some of the passions driving the dispute are rooted in a centuries-long rivalry.  Argentina and Brazil fought a war with each other in the 19th century, and even in more [/INST]  recent decades, southern Brazilian states built railroad tracks narrower than Argentina's to discourage any invasion. Culturally, the two neighbors could hardly be more different. </s>"
70,"<s>[INST]  Argentina was one of the most prosperous nations in the world at the beginning of the 20th [/INST]  century, and even after decades of economic decline, its elites fancied themselves ""South American Europeans"". Brazil, which is three times as large as Argentina, has a more ethnically diverse population that includes large numbers of blacks, Indians and Asians. It also sees itself as occupying a unique niche in the world: ""God is Brazilian,"" as one saying puts it. </s>"
71,"<s>[INST] Culturally, the two neighbors could hardly be more different.  Argentina was one of the most prosperous nations in the world at the beginning of the 20th [/INST]  century, and even after decades of economic decline, its elites fancied themselves ""South American Europeans"". Brazil, which is three times as large as Argentina, has a more ethnically diverse population that includes large numbers of blacks, Indians and Asians. </s>"
72,"<s>[INST]  Brazil, which is three times as large as Argentina, has a more ethnically [/INST]  diverse population that includes large numbers of blacks, Indians and Asians. It also sees itself as occupying a unique niche in the world: ""God is Brazilian,"" as one saying puts it. Now, on top of the sizable cost advantage Brazil offers Argentine businessmen, its federal and local governments are aggressively marketing industrial incentives, including free land, as well as breaks on taxes and utilities. </s>"
73,"<s>[INST] Argentina was one of the most prosperous nations in the world at the beginning of the 20th century, and even after decades of economic decline, its elites fancied themselves ""South American Europeans"".  Brazil, which is three times as large as Argentina, has a more ethnically [/INST]  diverse population that includes large numbers of blacks, Indians and Asians. It also sees itself as occupying a unique niche in the world: ""God is Brazilian,"" as one saying puts it. </s>"
74,"<s>[INST]  It also sees itself as occupying a unique niche in the [/INST]  world: ""God is Brazilian,"" as one saying puts it. Now, on top of the sizable cost advantage Brazil offers Argentine businessmen, its federal and local governments are aggressively marketing industrial incentives, including free land, as well as breaks on taxes and utilities. Multilabel Argentina SA, a maker of adhesive labels, recently decided to locate a new plant in Sao Paulo, Brazil's biggest city, after local authorities there offered a slew of incentives, including cash bonuses if the plant attains certain production, hiring and export goals. </s>"
75,"<s>[INST] Brazil, which is three times as large as Argentina, has a more ethnically diverse population that includes large numbers of blacks, Indians and Asians.  It also sees itself as occupying a unique niche in the [/INST]  world: ""God is Brazilian,"" as one saying puts it. Now, on top of the sizable cost advantage Brazil offers Argentine businessmen, its federal and local governments are aggressively marketing industrial incentives, including free land, as well as breaks on taxes and utilities. </s>"
76,"<s>[INST]  Now, on top of the sizable cost advantage Brazil offers Argentine businessmen, its federal and local governments [/INST]  are aggressively marketing industrial incentives, including free land, as well as breaks on taxes and utilities. Multilabel Argentina SA, a maker of adhesive labels, recently decided to locate a new plant in Sao Paulo, Brazil's biggest city, after local authorities there offered a slew of incentives, including cash bonuses if the plant attains certain production, hiring and export goals. Scoffing at Brazil's Argentine critics, Multilabel Vice President Juan Carlos Sacco says, ""People think businessmen in Argentina shouldn't make money"". </s>"
77,"<s>[INST] It also sees itself as occupying a unique niche in the world: ""God is Brazilian,"" as one saying puts it.  Now, on top of the sizable cost advantage Brazil offers Argentine businessmen, its federal and local governments [/INST]  are aggressively marketing industrial incentives, including free land, as well as breaks on taxes and utilities. Multilabel Argentina SA, a maker of adhesive labels, recently decided to locate a new plant in Sao Paulo, Brazil's biggest city, after local authorities there offered a slew of incentives, including cash bonuses if the plant attains certain production, hiring and export goals. </s>"
78,"<s>[INST]  Multilabel Argentina SA, a maker of adhesive labels, recently decided to locate a new plant in Sao Paulo, Brazil's biggest city, after [/INST]  local authorities there offered a slew of incentives, including cash bonuses if the plant attains certain production, hiring and export goals. Scoffing at Brazil's Argentine critics, Multilabel Vice President Juan Carlos Sacco says, ""People think businessmen in Argentina shouldn't make money"". The job exodus has strained relations within the Mercosur customs union, which also includes Paraguay and Uruguay. </s>"
79,"<s>[INST] Now, on top of the sizable cost advantage Brazil offers Argentine businessmen, its federal and local governments are aggressively marketing industrial incentives, including free land, as well as breaks on taxes and utilities.  Multilabel Argentina SA, a maker of adhesive labels, recently decided to locate a new plant in Sao Paulo, Brazil's biggest city, after [/INST]  local authorities there offered a slew of incentives, including cash bonuses if the plant attains certain production, hiring and export goals. Scoffing at Brazil's Argentine critics, Multilabel Vice President Juan Carlos Sacco says, ""People think businessmen in Argentina shouldn't make money"". </s>"
80,"<s>[INST]  Scoffing at Brazil's Argentine critics, Multilabel Vice President Juan Carlos Sacco [/INST]  says, ""People think businessmen in Argentina shouldn't make money"". The job exodus has strained relations within the Mercosur customs union, which also includes Paraguay and Uruguay. Born in 1991, Mercosur has become South America's most successful effort at political and economic integration, but it has yet to develop an efficient means of settling disputes between members. </s>"
81,"<s>[INST] Multilabel Argentina SA, a maker of adhesive labels, recently decided to locate a new plant in Sao Paulo, Brazil's biggest city, after local authorities there offered a slew of incentives, including cash bonuses if the plant attains certain production, hiring and export goals.  Scoffing at Brazil's Argentine critics, Multilabel Vice President Juan Carlos Sacco [/INST]  says, ""People think businessmen in Argentina shouldn't make money"". The job exodus has strained relations within the Mercosur customs union, which also includes Paraguay and Uruguay. </s>"
82,"<s>[INST]  The job exodus has strained relations within the Mercosur [/INST]  customs union, which also includes Paraguay and Uruguay. Born in 1991, Mercosur has become South America's most successful effort at political and economic integration, but it has yet to develop an efficient means of settling disputes between members. Last week, Brazil and Argentina issued the Buenos Aires Declaration, a plan to establish common economic-policy targets and to beef up Mercosur's procedures for resolving trade complaints. </s>"
83,"<s>[INST] Scoffing at Brazil's Argentine critics, Multilabel Vice President Juan Carlos Sacco says, ""People think businessmen in Argentina shouldn't make money"".  The job exodus has strained relations within the Mercosur [/INST]  customs union, which also includes Paraguay and Uruguay. Born in 1991, Mercosur has become South America's most successful effort at political and economic integration, but it has yet to develop an efficient means of settling disputes between members. </s>"
84,"<s>[INST]  Born in 1991, Mercosur has become South America's most successful effort at political and economic integration, [/INST]  but it has yet to develop an efficient means of settling disputes between members. Last week, Brazil and Argentina issued the Buenos Aires Declaration, a plan to establish common economic-policy targets and to beef up Mercosur's procedures for resolving trade complaints. Brazilian diplomat Jose Botafogo Goncalves calls the declaration an effort ""to clean up the house"". </s>"
85,"<s>[INST] The job exodus has strained relations within the Mercosur customs union, which also includes Paraguay and Uruguay.  Born in 1991, Mercosur has become South America's most successful effort at political and economic integration, [/INST]  but it has yet to develop an efficient means of settling disputes between members. Last week, Brazil and Argentina issued the Buenos Aires Declaration, a plan to establish common economic-policy targets and to beef up Mercosur's procedures for resolving trade complaints. </s>"
86,"<s>[INST]  Last week, Brazil and Argentina issued the Buenos Aires Declaration, a plan to establish [/INST]  common economic-policy targets and to beef up Mercosur's procedures for resolving trade complaints. Brazilian diplomat Jose Botafogo Goncalves calls the declaration an effort ""to clean up the house"". Still, the trade bloc faces an uphill struggle. </s>"
87,"<s>[INST] Born in 1991, Mercosur has become South America's most successful effort at political and economic integration, but it has yet to develop an efficient means of settling disputes between members.  Last week, Brazil and Argentina issued the Buenos Aires Declaration, a plan to establish [/INST]  common economic-policy targets and to beef up Mercosur's procedures for resolving trade complaints. Brazilian diplomat Jose Botafogo Goncalves calls the declaration an effort ""to clean up the house"". </s>"
88,"<s>[INST]  Brazilian diplomat Jose Botafogo Goncalves calls the declaration [/INST]  an effort ""to clean up the house"". Still, the trade bloc faces an uphill struggle. ""It took one major currency crisis to raise serious frictions,"" says Lawrence Pih, president of Moinhos Pacifico Ltd., a Sao Paulo flour miller. </s>"
89,"<s>[INST] Last week, Brazil and Argentina issued the Buenos Aires Declaration, a plan to establish common economic-policy targets and to beef up Mercosur's procedures for resolving trade complaints.  Brazilian diplomat Jose Botafogo Goncalves calls the declaration [/INST]  an effort ""to clean up the house"". Still, the trade bloc faces an uphill struggle. </s>"
90,"<s>[INST]  ""It took one major currency crisis to raise serious frictions,"" says Lawrence [/INST]  Pih, president of Moinhos Pacifico Ltd., a Sao Paulo flour miller. For example, nearly two-thirds of the respondents in a recent poll by the Argentine newspaper Clarin identified the flight of jobs to Brazil as Argentina's No. 1 problem, as it struggles to overcome its worst recession in years. </s>"
91,"<s>[INST] Still, the trade bloc faces an uphill struggle.  ""It took one major currency crisis to raise serious frictions,"" says Lawrence [/INST]  Pih, president of Moinhos Pacifico Ltd., a Sao Paulo flour miller. For example, nearly two-thirds of the respondents in a recent poll by the Argentine newspaper Clarin identified the flight of jobs to Brazil as Argentina's No. </s>"
92,"<s>[INST]  For example, nearly two-thirds of the respondents in a recent poll by the Argentine [/INST]  newspaper Clarin identified the flight of jobs to Brazil as Argentina's No. 1 problem, as it struggles to overcome its worst recession in years. In a metal shop in Hurlingham, a factory town near Buenos Aires, Gabriel DiMarco shakes his grease-stained hands in frustration as he talks about Brazil. </s>"
93,"<s>[INST] ""It took one major currency crisis to raise serious frictions,"" says Lawrence Pih, president of Moinhos Pacifico Ltd., a Sao Paulo flour miller.  For example, nearly two-thirds of the respondents in a recent poll by the Argentine [/INST]  newspaper Clarin identified the flight of jobs to Brazil as Argentina's No. 1 problem, as it struggles to overcome its worst recession in years. </s>"
94,"<s>[INST]  1 problem, as it struggles to overcome [/INST]  its worst recession in years. In a metal shop in Hurlingham, a factory town near Buenos Aires, Gabriel DiMarco shakes his grease-stained hands in frustration as he talks about Brazil. It is ""an octopus that is sucking the life out of us,"" he says. </s>"
95,"<s>[INST] For example, nearly two-thirds of the respondents in a recent poll by the Argentine newspaper Clarin identified the flight of jobs to Brazil as Argentina's No.  1 problem, as it struggles to overcome [/INST]  its worst recession in years. In a metal shop in Hurlingham, a factory town near Buenos Aires, Gabriel DiMarco shakes his grease-stained hands in frustration as he talks about Brazil. </s>"
96,"<s>[INST]  In a metal shop in Hurlingham, a factory town near Buenos Aires, Gabriel [/INST]  DiMarco shakes his grease-stained hands in frustration as he talks about Brazil. It is ""an octopus that is sucking the life out of us,"" he says. The shutdown of a 70-year-old Goodyear plant, which transferred some production to Brazil, has idled shops like Mr. DiMarco's, which formerly supplied it, leaving the town's economy in shambles. </s>"
97,"<s>[INST] 1 problem, as it struggles to overcome its worst recession in years.  In a metal shop in Hurlingham, a factory town near Buenos Aires, Gabriel [/INST]  DiMarco shakes his grease-stained hands in frustration as he talks about Brazil. It is ""an octopus that is sucking the life out of us,"" he says. </s>"
98,"<s>[INST]  It is ""an octopus that is sucking the [/INST]  life out of us,"" he says. The shutdown of a 70-year-old Goodyear plant, which transferred some production to Brazil, has idled shops like Mr. DiMarco's, which formerly supplied it, leaving the town's economy in shambles. Brazilians maintain that Argentina, which has run a huge trade surplus with Brazil for the past five years, has nothing to complain about and is just making them scapegoats. </s>"
99,"<s>[INST] In a metal shop in Hurlingham, a factory town near Buenos Aires, Gabriel DiMarco shakes his grease-stained hands in frustration as he talks about Brazil.  It is ""an octopus that is sucking the [/INST]  life out of us,"" he says. The shutdown of a 70-year-old Goodyear plant, which transferred some production to Brazil, has idled shops like Mr. DiMarco's, which formerly supplied it, leaving the town's economy in shambles. </s>"
100,"<s>[INST]  The shutdown of a 70-year-old Goodyear plant, which transferred some production to Brazil, has idled [/INST]  shops like Mr. DiMarco's, which formerly supplied it, leaving the town's economy in shambles. Brazilians maintain that Argentina, which has run a huge trade surplus with Brazil for the past five years, has nothing to complain about and is just making them scapegoats. The Brazilian magazine Veja recently ran a cover story exploring why ""blaming Brazil is currently the national sport of Argentina"". </s>"
101,"<s>[INST] It is ""an octopus that is sucking the life out of us,"" he says.  The shutdown of a 70-year-old Goodyear plant, which transferred some production to Brazil, has idled [/INST]  shops like Mr. DiMarco's, which formerly supplied it, leaving the town's economy in shambles. Brazilians maintain that Argentina, which has run a huge trade surplus with Brazil for the past five years, has nothing to complain about and is just making them scapegoats. </s>"
102,"<s>[INST]  Brazilians maintain that Argentina, which has run a huge trade surplus with Brazil for the [/INST]  past five years, has nothing to complain about and is just making them scapegoats. The Brazilian magazine Veja recently ran a cover story exploring why ""blaming Brazil is currently the national sport of Argentina"". The national magazine attributed part of the problem to the fragile Argentine psyche: Buenos Aires, it reported, has three times as many psychiatrists per capita as Sao Paulo. </s>"
103,"<s>[INST] The shutdown of a 70-year-old Goodyear plant, which transferred some production to Brazil, has idled shops like Mr. DiMarco's, which formerly supplied it, leaving the town's economy in shambles.  Brazilians maintain that Argentina, which has run a huge trade surplus with Brazil for the [/INST]  past five years, has nothing to complain about and is just making them scapegoats. The Brazilian magazine Veja recently ran a cover story exploring why ""blaming Brazil is currently the national sport of Argentina"". </s>"
104,"<s>[INST]  The Brazilian magazine Veja recently ran a cover story exploring why [/INST]  ""blaming Brazil is currently the national sport of Argentina"". The national magazine attributed part of the problem to the fragile Argentine psyche: Buenos Aires, it reported, has three times as many psychiatrists per capita as Sao Paulo. Nonetheless, many Argentine business executives face an increasingly pointed dilemma: Do they abandon Argentina and set up shop in their country's longtime rival or stay at home and possibly go down with the ship? </s>"
105,"<s>[INST] Brazilians maintain that Argentina, which has run a huge trade surplus with Brazil for the past five years, has nothing to complain about and is just making them scapegoats.  The Brazilian magazine Veja recently ran a cover story exploring why [/INST]  ""blaming Brazil is currently the national sport of Argentina"". The national magazine attributed part of the problem to the fragile Argentine psyche: Buenos Aires, it reported, has three times as many psychiatrists per capita as Sao Paulo. </s>"
106,"<s>[INST]  The national magazine attributed part of the problem to the fragile Argentine psyche: Buenos Aires, [/INST]  it reported, has three times as many psychiatrists per capita as Sao Paulo. Nonetheless, many Argentine business executives face an increasingly pointed dilemma: Do they abandon Argentina and set up shop in their country's longtime rival or stay at home and possibly go down with the ship? ""Very basic issues of business survival are at stake,"" says Liliana Pertierra, who with her husband, Hector, runs the small Buenos Aires consulting firm recently thrust into the center of the controversy. </s>"
107,"<s>[INST] The Brazilian magazine Veja recently ran a cover story exploring why ""blaming Brazil is currently the national sport of Argentina"".  The national magazine attributed part of the problem to the fragile Argentine psyche: Buenos Aires, [/INST]  it reported, has three times as many psychiatrists per capita as Sao Paulo. Nonetheless, many Argentine business executives face an increasingly pointed dilemma: Do they abandon Argentina and set up shop in their country's longtime rival or stay at home and possibly go down with the ship? </s>"
108,"<s>[INST]  Nonetheless, many Argentine business executives face an increasingly pointed dilemma: Do they abandon Argentina and set up shop [/INST]  in their country's longtime rival or stay at home and possibly go down with the ship? ""Very basic issues of business survival are at stake,"" says Liliana Pertierra, who with her husband, Hector, runs the small Buenos Aires consulting firm recently thrust into the center of the controversy. The Pertierras serve as go-betweens for Argentine industrialists seeking to set up factories in Brazil's northeastern state of Paraiba, a desperately poor area trying to exploit its rock-bottom manufacturing costs. </s>"
109,"<s>[INST] The national magazine attributed part of the problem to the fragile Argentine psyche: Buenos Aires, it reported, has three times as many psychiatrists per capita as Sao Paulo.  Nonetheless, many Argentine business executives face an increasingly pointed dilemma: Do they abandon Argentina and set up shop [/INST]  in their country's longtime rival or stay at home and possibly go down with the ship? ""Very basic issues of business survival are at stake,"" says Liliana Pertierra, who with her husband, Hector, runs the small Buenos Aires consulting firm recently thrust into the center of the controversy. </s>"
110,"<s>[INST]  ""Very basic issues of business survival are at stake,"" says Liliana Pertierra, who with her husband, Hector, [/INST]  runs the small Buenos Aires consulting firm recently thrust into the center of the controversy. The Pertierras serve as go-betweens for Argentine industrialists seeking to set up factories in Brazil's northeastern state of Paraiba, a desperately poor area trying to exploit its rock-bottom manufacturing costs. The Pertierras have escorted executives from more than 40 Argentine companies to Paraiba in the past four months. </s>"
111,"<s>[INST] Nonetheless, many Argentine business executives face an increasingly pointed dilemma: Do they abandon Argentina and set up shop in their country's longtime rival or stay at home and possibly go down with the ship?  ""Very basic issues of business survival are at stake,"" says Liliana Pertierra, who with her husband, Hector, [/INST]  runs the small Buenos Aires consulting firm recently thrust into the center of the controversy. The Pertierras serve as go-betweens for Argentine industrialists seeking to set up factories in Brazil's northeastern state of Paraiba, a desperately poor area trying to exploit its rock-bottom manufacturing costs. </s>"
112,"<s>[INST]  The Pertierras serve as go-betweens for Argentine industrialists seeking to set up factories in Brazil's northeastern [/INST]  state of Paraiba, a desperately poor area trying to exploit its rock-bottom manufacturing costs. The Pertierras have escorted executives from more than 40 Argentine companies to Paraiba in the past four months. Five have already committed to starting operations there. </s>"
113,"<s>[INST] ""Very basic issues of business survival are at stake,"" says Liliana Pertierra, who with her husband, Hector, runs the small Buenos Aires consulting firm recently thrust into the center of the controversy.  The Pertierras serve as go-betweens for Argentine industrialists seeking to set up factories in Brazil's northeastern [/INST]  state of Paraiba, a desperately poor area trying to exploit its rock-bottom manufacturing costs. The Pertierras have escorted executives from more than 40 Argentine companies to Paraiba in the past four months. </s>"
114,"<s>[INST]  The Pertierras have escorted executives from more than 40 Argentine [/INST]  companies to Paraiba in the past four months. Five have already committed to starting operations there. Besides lower wages, Paraiba offers tax breaks and prefabricated assembly plants, not to mention the leisure-time appeal of Brazil's beach-strewn northeast coast. </s>"
115,"<s>[INST] The Pertierras serve as go-betweens for Argentine industrialists seeking to set up factories in Brazil's northeastern state of Paraiba, a desperately poor area trying to exploit its rock-bottom manufacturing costs.  The Pertierras have escorted executives from more than 40 Argentine [/INST]  companies to Paraiba in the past four months. Five have already committed to starting operations there. </s>"
116,"<s>[INST]  Besides lower wages, Paraiba offers tax breaks and prefabricated assembly plants, not [/INST]  to mention the leisure-time appeal of Brazil's beach-strewn northeast coast. ""We took these Argentine businessmen on one boat ride along the coastline, and they were sold,"" says Fernando Sinval Ferreira, an executive on the Paraiba industrial-promotion board, which has worked with the Pertierras. The Pertierras say the Argentine companies they have helped place in Brazil haven't shut down operations at homebut have merely elected to supply the Brazilian market from Brazil, rather than Argentina. </s>"
117,"<s>[INST] Five have already committed to starting operations there.  Besides lower wages, Paraiba offers tax breaks and prefabricated assembly plants, not [/INST]  to mention the leisure-time appeal of Brazil's beach-strewn northeast coast. ""We took these Argentine businessmen on one boat ride along the coastline, and they were sold,"" says Fernando Sinval Ferreira, an executive on the Paraiba industrial-promotion board, which has worked with the Pertierras. </s>"
118,"<s>[INST]  ""We took these Argentine businessmen on one boat ride along the coastline, and they were sold,"" says [/INST]  Fernando Sinval Ferreira, an executive on the Paraiba industrial-promotion board, which has worked with the Pertierras. The Pertierras say the Argentine companies they have helped place in Brazil haven't shut down operations at homebut have merely elected to supply the Brazilian market from Brazil, rather than Argentina. But that seems like a hair-splitting distinction to the Argentine media. </s>"
119,"<s>[INST] Besides lower wages, Paraiba offers tax breaks and prefabricated assembly plants, not to mention the leisure-time appeal of Brazil's beach-strewn northeast coast.  ""We took these Argentine businessmen on one boat ride along the coastline, and they were sold,"" says [/INST]  Fernando Sinval Ferreira, an executive on the Paraiba industrial-promotion board, which has worked with the Pertierras. The Pertierras say the Argentine companies they have helped place in Brazil haven't shut down operations at homebut have merely elected to supply the Brazilian market from Brazil, rather than Argentina. </s>"
120,"<s>[INST]  The Pertierras say the Argentine companies they have helped place in Brazil haven't shut down operations [/INST]  at homebut have merely elected to supply the Brazilian market from Brazil, rather than Argentina. But that seems like a hair-splitting distinction to the Argentine media. The news coverage ""has been rather acid,"" says Ms. Pertierra. </s>"
121,"<s>[INST] ""We took these Argentine businessmen on one boat ride along the coastline, and they were sold,"" says Fernando Sinval Ferreira, an executive on the Paraiba industrial-promotion board, which has worked with the Pertierras.  The Pertierras say the Argentine companies they have helped place in Brazil haven't shut down operations [/INST]  at homebut have merely elected to supply the Brazilian market from Brazil, rather than Argentina. But that seems like a hair-splitting distinction to the Argentine media. </s>"
122,"<s>[INST]  But that seems like a hair-splitting [/INST]  distinction to the Argentine media. The news coverage ""has been rather acid,"" says Ms. Pertierra. Spurred over the past decade by the end of militarism and the spread of free-market economics throughout Latin America, Brazil and Argentina moved to bury the hatchet to form Mercosur. </s>"
123,"<s>[INST] The Pertierras say the Argentine companies they have helped place in Brazil haven't shut down operations at homebut have merely elected to supply the Brazilian market from Brazil, rather than Argentina.  But that seems like a hair-splitting [/INST]  distinction to the Argentine media. The news coverage ""has been rather acid,"" says Ms. Pertierra. </s>"
124,"<s>[INST]  Spurred over the past decade by the end of militarism and the spread of free-market economics [/INST]  throughout Latin America, Brazil and Argentina moved to bury the hatchet to form Mercosur. The initial results were spectacular. From 1991 to 1998, trade between Brazil and Argentina, Mercosur's dominant members, expanded fivefold to $15 billion. </s>"
125,"<s>[INST] The news coverage ""has been rather acid,"" says Ms. Pertierra.  Spurred over the past decade by the end of militarism and the spread of free-market economics [/INST]  throughout Latin America, Brazil and Argentina moved to bury the hatchet to form Mercosur. The initial results were spectacular. </s>"
126,"<s>[INST]  From 1991 to 1998, trade between Brazil and Argentina, [/INST]  Mercosur's dominant members, expanded fivefold to $15 billion. Cross-border cooperation flourished in other areas, including joint military exercises and exchanges of priceless artworks. The Argentine government even sponsored a samba club during Brazilian Carnaval. </s>"
127,"<s>[INST] The initial results were spectacular.  From 1991 to 1998, trade between Brazil and Argentina, [/INST]  Mercosur's dominant members, expanded fivefold to $15 billion. Cross-border cooperation flourished in other areas, including joint military exercises and exchanges of priceless artworks. </s>"
128,"<s>[INST]  Cross-border cooperation flourished in other areas, including joint [/INST]  military exercises and exchanges of priceless artworks. The Argentine government even sponsored a samba club during Brazilian Carnaval. But the good feelings have faded since last year's currency devaluation in Brazil, which sent its economy into a brief but painful recession. </s>"
129,"<s>[INST] From 1991 to 1998, trade between Brazil and Argentina, Mercosur's dominant members, expanded fivefold to $15 billion.  Cross-border cooperation flourished in other areas, including joint [/INST]  military exercises and exchanges of priceless artworks. The Argentine government even sponsored a samba club during Brazilian Carnaval. </s>"
130,"<s>[INST]  The Argentine government even sponsored a [/INST]  samba club during Brazilian Carnaval. But the good feelings have faded since last year's currency devaluation in Brazil, which sent its economy into a brief but painful recession. In essence, the devaluation was a bold gamble by Brazil that it could spur economic growth by slashing manufacturing costs. </s>"
131,"<s>[INST] Cross-border cooperation flourished in other areas, including joint military exercises and exchanges of priceless artworks.  The Argentine government even sponsored a [/INST]  samba club during Brazilian Carnaval. But the good feelings have faded since last year's currency devaluation in Brazil, which sent its economy into a brief but painful recession. </s>"
132,"<s>[INST]  But the good feelings have faded since last year's currency devaluation in [/INST]  Brazil, which sent its economy into a brief but painful recession. In essence, the devaluation was a bold gamble by Brazil that it could spur economic growth by slashing manufacturing costs. Argentina, by contrast, has chosen a different approach, betting on attracting investors with the promise of monetary stability. </s>"
133,"<s>[INST] The Argentine government even sponsored a samba club during Brazilian Carnaval.  But the good feelings have faded since last year's currency devaluation in [/INST]  Brazil, which sent its economy into a brief but painful recession. In essence, the devaluation was a bold gamble by Brazil that it could spur economic growth by slashing manufacturing costs. </s>"
134,"<s>[INST]  In essence, the devaluation was a bold gamble by Brazil that [/INST]  it could spur economic growth by slashing manufacturing costs. Argentina, by contrast, has chosen a different approach, betting on attracting investors with the promise of monetary stability. Now, it looks like Brazil's wager is the one that's paying off. </s>"
135,"<s>[INST] But the good feelings have faded since last year's currency devaluation in Brazil, which sent its economy into a brief but painful recession.  In essence, the devaluation was a bold gamble by Brazil that [/INST]  it could spur economic growth by slashing manufacturing costs. Argentina, by contrast, has chosen a different approach, betting on attracting investors with the promise of monetary stability. </s>"
136,"<s>[INST]  Argentina, by contrast, has chosen a different approach, betting on [/INST]  attracting investors with the promise of monetary stability. Now, it looks like Brazil's wager is the one that's paying off. The Union Industrial Argentina, a lobbying group for national industries, says the country has lost 250,000 jobs directly and indirectly due to the Brazilian devaluation and industrial incentives. </s>"
137,"<s>[INST] In essence, the devaluation was a bold gamble by Brazil that it could spur economic growth by slashing manufacturing costs.  Argentina, by contrast, has chosen a different approach, betting on [/INST]  attracting investors with the promise of monetary stability. Now, it looks like Brazil's wager is the one that's paying off. </s>"
138,"<s>[INST]  Now, it looks like Brazil's wager is [/INST]  the one that's paying off. The Union Industrial Argentina, a lobbying group for national industries, says the country has lost 250,000 jobs directly and indirectly due to the Brazilian devaluation and industrial incentives. While Brazilian economists call such numbers grossly exaggerated, Argentine unemployment has soared to 14% and is expected to worsen. </s>"
139,"<s>[INST] Argentina, by contrast, has chosen a different approach, betting on attracting investors with the promise of monetary stability.  Now, it looks like Brazil's wager is [/INST]  the one that's paying off. The Union Industrial Argentina, a lobbying group for national industries, says the country has lost 250,000 jobs directly and indirectly due to the Brazilian devaluation and industrial incentives. </s>"
140,"<s>[INST]  The Union Industrial Argentina, a lobbying group for national industries, says the country has lost [/INST]  250,000 jobs directly and indirectly due to the Brazilian devaluation and industrial incentives. While Brazilian economists call such numbers grossly exaggerated, Argentine unemployment has soared to 14% and is expected to worsen. Meanwhile, Brazil may be turning a corner on its own unemployment problem. </s>"
141,"<s>[INST] Now, it looks like Brazil's wager is the one that's paying off.  The Union Industrial Argentina, a lobbying group for national industries, says the country has lost [/INST]  250,000 jobs directly and indirectly due to the Brazilian devaluation and industrial incentives. While Brazilian economists call such numbers grossly exaggerated, Argentine unemployment has soared to 14% and is expected to worsen. </s>"
142,"<s>[INST]  While Brazilian economists call such numbers grossly exaggerated, Argentine unemployment [/INST]  has soared to 14% and is expected to worsen. Meanwhile, Brazil may be turning a corner on its own unemployment problem. For the first time in four years, a recent survey by Sao Paulo's Banco Industrial showed that Brazilian companies were adding to payrolls. </s>"
143,"<s>[INST] The Union Industrial Argentina, a lobbying group for national industries, says the country has lost 250,000 jobs directly and indirectly due to the Brazilian devaluation and industrial incentives.  While Brazilian economists call such numbers grossly exaggerated, Argentine unemployment [/INST]  has soared to 14% and is expected to worsen. Meanwhile, Brazil may be turning a corner on its own unemployment problem. </s>"
144,"<s>[INST]  Meanwhile, Brazil may be turning a corner [/INST]  on its own unemployment problem. For the first time in four years, a recent survey by Sao Paulo's Banco Industrial showed that Brazilian companies were adding to payrolls. The auto business, beset by slumping demand and overcapacity throughout Mercosur, is the sector where Argentina's losses are most evident. </s>"
145,"<s>[INST] While Brazilian economists call such numbers grossly exaggerated, Argentine unemployment has soared to 14% and is expected to worsen.  Meanwhile, Brazil may be turning a corner [/INST]  on its own unemployment problem. For the first time in four years, a recent survey by Sao Paulo's Banco Industrial showed that Brazilian companies were adding to payrolls. </s>"
146,"<s>[INST]  For the first time in four years, a recent survey by Sao [/INST]  Paulo's Banco Industrial showed that Brazilian companies were adding to payrolls. The auto business, beset by slumping demand and overcapacity throughout Mercosur, is the sector where Argentina's losses are most evident. ""Your whole cost base in Argentina, because of all the fixed costs, really didn't allow you to do any profitable business,"" says Volker Barth, president of South America operations for Delphi Automotive Systems Corp. </s>"
147,"<s>[INST] Meanwhile, Brazil may be turning a corner on its own unemployment problem.  For the first time in four years, a recent survey by Sao [/INST]  Paulo's Banco Industrial showed that Brazilian companies were adding to payrolls. The auto business, beset by slumping demand and overcapacity throughout Mercosur, is the sector where Argentina's losses are most evident. </s>"
148,"<s>[INST]  The auto business, beset by slumping demand and overcapacity throughout Mercosur, [/INST]  is the sector where Argentina's losses are most evident. ""Your whole cost base in Argentina, because of all the fixed costs, really didn't allow you to do any profitable business,"" says Volker Barth, president of South America operations for Delphi Automotive Systems Corp. Many auto-related businesses in Argentina, he says, just became unviable. </s>"
149,"<s>[INST] For the first time in four years, a recent survey by Sao Paulo's Banco Industrial showed that Brazilian companies were adding to payrolls.  The auto business, beset by slumping demand and overcapacity throughout Mercosur, [/INST]  is the sector where Argentina's losses are most evident. ""Your whole cost base in Argentina, because of all the fixed costs, really didn't allow you to do any profitable business,"" says Volker Barth, president of South America operations for Delphi Automotive Systems Corp. </s>"
150,"<s>[INST]  ""Your whole cost base in Argentina, because of all the fixed costs, really didn't allow you to do [/INST]  any profitable business,"" says Volker Barth, president of South America operations for Delphi Automotive Systems Corp. Many auto-related businesses in Argentina, he says, just became unviable. While Delphi is hiring workers again in Brazil, it is walking away from a four-year-old plant that employed 1,500 in the central Argentine factory town of Rio Segundo. </s>"
151,"<s>[INST] The auto business, beset by slumping demand and overcapacity throughout Mercosur, is the sector where Argentina's losses are most evident.  ""Your whole cost base in Argentina, because of all the fixed costs, really didn't allow you to do [/INST]  any profitable business,"" says Volker Barth, president of South America operations for Delphi Automotive Systems Corp. Many auto-related businesses in Argentina, he says, just became unviable. </s>"
152,"<s>[INST]  While Delphi is hiring workers again in Brazil, it is walking away from a four-year-old [/INST]  plant that employed 1,500 in the central Argentine factory town of Rio Segundo. The human impact in the Argentine rust belt has been clear. As Julio Todesco, human-resources director for Rio Segundo and a former Delphi worker himself, drives his aged car to the dowdy municipal building, he is besieged by job seekers. </s>"
153,"<s>[INST] Many auto-related businesses in Argentina, he says, just became unviable.  While Delphi is hiring workers again in Brazil, it is walking away from a four-year-old [/INST]  plant that employed 1,500 in the central Argentine factory town of Rio Segundo. The human impact in the Argentine rust belt has been clear. </s>"
154,"<s>[INST]  The human impact in the Argentine [/INST]  rust belt has been clear. As Julio Todesco, human-resources director for Rio Segundo and a former Delphi worker himself, drives his aged car to the dowdy municipal building, he is besieged by job seekers. ""I try to help some of them,"" he says. </s>"
155,"<s>[INST] While Delphi is hiring workers again in Brazil, it is walking away from a four-year-old plant that employed 1,500 in the central Argentine factory town of Rio Segundo.  The human impact in the Argentine [/INST]  rust belt has been clear. As Julio Todesco, human-resources director for Rio Segundo and a former Delphi worker himself, drives his aged car to the dowdy municipal building, he is besieged by job seekers. </s>"
156,"<s>[INST]  As Julio Todesco, human-resources director for Rio Segundo and a former Delphi worker himself, drives [/INST]  his aged car to the dowdy municipal building, he is besieged by job seekers. ""I try to help some of them,"" he says. ""But some of their problems are beyond my reach"". </s>"
157,"<s>[INST] The human impact in the Argentine rust belt has been clear.  As Julio Todesco, human-resources director for Rio Segundo and a former Delphi worker himself, drives [/INST]  his aged car to the dowdy municipal building, he is besieged by job seekers. ""I try to help some of them,"" he says. </s>"
158,"<s>[INST]  Constant rumors of sightings of Brazilian industrial promoters, supposedly seeking [/INST]  to snatch another factory, keep the population on edge. ""They have eaten our industry,"" says Omar Dragun, a local labor leader. ""Instead of eliminating our border with Brazil, we are going to make it tougher"". </s>"
159,"<s>[INST] ""But some of their problems are beyond my reach"".  Constant rumors of sightings of Brazilian industrial promoters, supposedly seeking [/INST]  to snatch another factory, keep the population on edge. ""They have eaten our industry,"" says Omar Dragun, a local labor leader. </s>"
160,"<s>[INST]  ""They have eaten our industry,"" says Omar [/INST]  Dragun, a local labor leader. ""Instead of eliminating our border with Brazil, we are going to make it tougher"". Brazil's devaluation may have been the biggest cause of Rio Segundo's woes, but the Argentine government's industrial policy also bears part of the blame. </s>"
161,"<s>[INST] Constant rumors of sightings of Brazilian industrial promoters, supposedly seeking to snatch another factory, keep the population on edge.  ""They have eaten our industry,"" says Omar [/INST]  Dragun, a local labor leader. ""Instead of eliminating our border with Brazil, we are going to make it tougher"". </s>"
162,"<s>[INST]  ""Instead of eliminating our border with Brazil, we [/INST]  are going to make it tougher"". Brazil's devaluation may have been the biggest cause of Rio Segundo's woes, but the Argentine government's industrial policy also bears part of the blame. Consider Fiat SpA's car and truck plant. </s>"
163,"<s>[INST] ""They have eaten our industry,"" says Omar Dragun, a local labor leader.  ""Instead of eliminating our border with Brazil, we [/INST]  are going to make it tougher"". Brazil's devaluation may have been the biggest cause of Rio Segundo's woes, but the Argentine government's industrial policy also bears part of the blame. </s>"
164,"<s>[INST]  Brazil's devaluation may have been the biggest cause of Rio Segundo's woes, but [/INST]  the Argentine government's industrial policy also bears part of the blame. Consider Fiat SpA's car and truck plant. The Italian auto maker's plant, a 40-minute drive up the road, is a prime customer of local parts makers. </s>"
165,"<s>[INST] ""Instead of eliminating our border with Brazil, we are going to make it tougher"".  Brazil's devaluation may have been the biggest cause of Rio Segundo's woes, but [/INST]  the Argentine government's industrial policy also bears part of the blame. Consider Fiat SpA's car and truck plant. </s>"
166,"<s>[INST]  The Italian auto maker's plant, a 40-minute drive up the [/INST]  road, is a prime customer of local parts makers. Fiat says the government's practice of sheltering steelmakers from foreign competition forces it and other auto makers to pay prices for steel that are 27% higher than in Brazil. Transport costs in Argentina are twice as high as Brazil's because of exorbitant insurance premiums, fuel taxes and other costs. </s>"
167,"<s>[INST] Consider Fiat SpA's car and truck plant.  The Italian auto maker's plant, a 40-minute drive up the [/INST]  road, is a prime customer of local parts makers. Fiat says the government's practice of sheltering steelmakers from foreign competition forces it and other auto makers to pay prices for steel that are 27% higher than in Brazil. </s>"
168,"<s>[INST]  Fiat says the government's practice of sheltering steelmakers from foreign competition forces it and other [/INST]  auto makers to pay prices for steel that are 27% higher than in Brazil. Transport costs in Argentina are twice as high as Brazil's because of exorbitant insurance premiums, fuel taxes and other costs. To top things off, the Argentine government has been late in delivering more than $100 million in tax reimbursements it owes Fiat for certain exports that are tax-exempt. </s>"
169,"<s>[INST] The Italian auto maker's plant, a 40-minute drive up the road, is a prime customer of local parts makers.  Fiat says the government's practice of sheltering steelmakers from foreign competition forces it and other [/INST]  auto makers to pay prices for steel that are 27% higher than in Brazil. Transport costs in Argentina are twice as high as Brazil's because of exorbitant insurance premiums, fuel taxes and other costs. </s>"
170,"<s>[INST]  Transport costs in Argentina are twice as high as Brazil's because [/INST]  of exorbitant insurance premiums, fuel taxes and other costs. To top things off, the Argentine government has been late in delivering more than $100 million in tax reimbursements it owes Fiat for certain exports that are tax-exempt. Despite a fierce cost-cutting program on many production lines, ""we still can't compete against Brazil,"" says Fiat executive Eduardo Bischoff. </s>"
171,"<s>[INST] Fiat says the government's practice of sheltering steelmakers from foreign competition forces it and other auto makers to pay prices for steel that are 27% higher than in Brazil.  Transport costs in Argentina are twice as high as Brazil's because [/INST]  of exorbitant insurance premiums, fuel taxes and other costs. To top things off, the Argentine government has been late in delivering more than $100 million in tax reimbursements it owes Fiat for certain exports that are tax-exempt. </s>"
172,"<s>[INST]  To top things off, the Argentine government has been late in delivering more than $100 [/INST]  million in tax reimbursements it owes Fiat for certain exports that are tax-exempt. Despite a fierce cost-cutting program on many production lines, ""we still can't compete against Brazil,"" says Fiat executive Eduardo Bischoff. The plant is operating way below its capacity and has dragged parts suppliers down with it. </s>"
173,"<s>[INST] Transport costs in Argentina are twice as high as Brazil's because of exorbitant insurance premiums, fuel taxes and other costs.  To top things off, the Argentine government has been late in delivering more than $100 [/INST]  million in tax reimbursements it owes Fiat for certain exports that are tax-exempt. Despite a fierce cost-cutting program on many production lines, ""we still can't compete against Brazil,"" says Fiat executive Eduardo Bischoff. </s>"
174,"<s>[INST]  Despite a fierce cost-cutting program on many production lines, ""we still [/INST]  can't compete against Brazil,"" says Fiat executive Eduardo Bischoff. The plant is operating way below its capacity and has dragged parts suppliers down with it. Back in Rio Segundo, Mayor Victor Lizzul is devising an alternative survival strategy: peanuts. </s>"
175,"<s>[INST] To top things off, the Argentine government has been late in delivering more than $100 million in tax reimbursements it owes Fiat for certain exports that are tax-exempt.  Despite a fierce cost-cutting program on many production lines, ""we still [/INST]  can't compete against Brazil,"" says Fiat executive Eduardo Bischoff. The plant is operating way below its capacity and has dragged parts suppliers down with it. </s>"
176,"<s>[INST]  The plant is operating way below its capacity and [/INST]  has dragged parts suppliers down with it. Back in Rio Segundo, Mayor Victor Lizzul is devising an alternative survival strategy: peanuts. He says some of the former Delphi workers may find work at a peanut-processing plant that Rio Segundo has persuaded a British company, Q Peanuts Ltd., to locate there. </s>"
177,"<s>[INST] Despite a fierce cost-cutting program on many production lines, ""we still can't compete against Brazil,"" says Fiat executive Eduardo Bischoff.  The plant is operating way below its capacity and [/INST]  has dragged parts suppliers down with it. Back in Rio Segundo, Mayor Victor Lizzul is devising an alternative survival strategy: peanuts. </s>"
178,"<s>[INST]  Back in Rio Segundo, Mayor Victor Lizzul is [/INST]  devising an alternative survival strategy: peanuts. He says some of the former Delphi workers may find work at a peanut-processing plant that Rio Segundo has persuaded a British company, Q Peanuts Ltd., to locate there. ""I always tell the governor: agriculture,"" the mayor says. </s>"
179,"<s>[INST] The plant is operating way below its capacity and has dragged parts suppliers down with it.  Back in Rio Segundo, Mayor Victor Lizzul is [/INST]  devising an alternative survival strategy: peanuts. He says some of the former Delphi workers may find work at a peanut-processing plant that Rio Segundo has persuaded a British company, Q Peanuts Ltd., to locate there. </s>"
180,"<s>[INST]  He says some of the former Delphi workers may find work at a peanut-processing plant [/INST]  that Rio Segundo has persuaded a British company, Q Peanuts Ltd., to locate there. ""I always tell the governor: agriculture,"" the mayor says. ""That is the place where we should be"". </s>"
181,"<s>[INST] Back in Rio Segundo, Mayor Victor Lizzul is devising an alternative survival strategy: peanuts.  He says some of the former Delphi workers may find work at a peanut-processing plant [/INST]  that Rio Segundo has persuaded a British company, Q Peanuts Ltd., to locate there. ""I always tell the governor: agriculture,"" the mayor says. </s>"
182,"<s>[INST]  accountid=28034 Abstract: Argentina will attempt to secure $5 billion in fresh telecommunications investments over the next 18 months through tough [/INST]  deregulation policies that are part of an overall strategy to orient its industrial base toward highly skilled labor. At least one big U.S. company thinks Argentina's highly protected playing field will change in favor of competition: Last week, AT&T Corp. , New York, purchased Keytech LD, an Argentine company that will compete in local, national and international long-distance telephone service, as well as Internet, data and fixed wireless services. </s>"
183,"<s>[INST] proquest.com/docview/398757702?  accountid=28034 Abstract: Argentina will attempt to secure $5 billion in fresh telecommunications investments over the next 18 months through tough [/INST]  deregulation policies that are part of an overall strategy to orient its industrial base toward highly skilled labor. At least one big U.S. company thinks Argentina's highly protected playing field will change in favor of competition: Last week, AT&T Corp. </s>"
184,"<s>[INST]  At least one big U.S. company thinks Argentina's highly protected playing field [/INST]  will change in favor of competition: Last week, AT&T Corp. , New York, purchased Keytech LD, an Argentine company that will compete in local, national and international long-distance telephone service, as well as Internet, data and fixed wireless services. AT&T bought Keytech for $30 million in cash and stock and plans to invest another $50 million over the next few years, says Crecencio Arcos, a regional vice president at AT&T, who adds, ""The government is welcoming our investment"". </s>"
185,"<s>[INST] accountid=28034  Abstract: Argentina will attempt to secure $5 billion in fresh telecommunications investments over the next 18 months through tough deregulation policies that are part of an overall strategy to orient its industrial base toward highly skilled labor.  At least one big U.S. company thinks Argentina's highly protected playing field [/INST]  will change in favor of competition: Last week, AT&T Corp. , New York, purchased Keytech LD, an Argentine company that will compete in local, national and international long-distance telephone service, as well as Internet, data and fixed wireless services. </s>"
186,"<s>[INST]  , New York, purchased Keytech LD, an Argentine company that will compete in local, national [/INST]  and international long-distance telephone service, as well as Internet, data and fixed wireless services. AT&T bought Keytech for $30 million in cash and stock and plans to invest another $50 million over the next few years, says Crecencio Arcos, a regional vice president at AT&T, who adds, ""The government is welcoming our investment"". Nevertheless, Argentina needs to redefine its strategy to rekindle investors' interest. </s>"
187,"<s>[INST] At least one big U.S. company thinks Argentina's highly protected playing field will change in favor of competition: Last week, AT&T Corp.  , New York, purchased Keytech LD, an Argentine company that will compete in local, national [/INST]  and international long-distance telephone service, as well as Internet, data and fixed wireless services. AT&T bought Keytech for $30 million in cash and stock and plans to invest another $50 million over the next few years, says Crecencio Arcos, a regional vice president at AT&T, who adds, ""The government is welcoming our investment"". </s>"
188,"<s>[INST]  AT&T bought Keytech for $30 million in cash and stock and plans to invest another $50 million over the next [/INST]  few years, says Crecencio Arcos, a regional vice president at AT&T, who adds, ""The government is welcoming our investment"". Nevertheless, Argentina needs to redefine its strategy to rekindle investors' interest. Mexico, Brazil and Chile have export-oriented growth models based on flexible currency policies. </s>"
189,"<s>[INST] , New York, purchased Keytech LD, an Argentine company that will compete in local, national and international long-distance telephone service, as well as Internet, data and fixed wireless services.  AT&T bought Keytech for $30 million in cash and stock and plans to invest another $50 million over the next [/INST]  few years, says Crecencio Arcos, a regional vice president at AT&T, who adds, ""The government is welcoming our investment"". Nevertheless, Argentina needs to redefine its strategy to rekindle investors' interest. </s>"
190,"<s>[INST]  Nevertheless, Argentina needs to redefine its [/INST]  strategy to rekindle investors' interest. Mexico, Brazil and Chile have export-oriented growth models based on flexible currency policies. The Argentine peso, on the other hand, is pegged to the dollar and will remain that way ""for a long, long time,"" said Mr. [Jose Luis] Machinea. </s>"
191,"<s>[INST] AT&T bought Keytech for $30 million in cash and stock and plans to invest another $50 million over the next few years, says Crecencio Arcos, a regional vice president at AT&T, who adds, ""The government is welcoming our investment"".  Nevertheless, Argentina needs to redefine its [/INST]  strategy to rekindle investors' interest. Mexico, Brazil and Chile have export-oriented growth models based on flexible currency policies. </s>"
192,"<s>[INST]  Mexico, Brazil and Chile have export-oriented growth [/INST]  models based on flexible currency policies. The Argentine peso, on the other hand, is pegged to the dollar and will remain that way ""for a long, long time,"" said Mr. [Jose Luis] Machinea. Lately, the peg has cost Argentina thousands of manufacturing jobs that are migrating to Brazil, where wages are lower, and analysts are wondering just what the government plans to do. </s>"
193,"<s>[INST] Nevertheless, Argentina needs to redefine its strategy to rekindle investors' interest.  Mexico, Brazil and Chile have export-oriented growth [/INST]  models based on flexible currency policies. The Argentine peso, on the other hand, is pegged to the dollar and will remain that way ""for a long, long time,"" said Mr. [Jose Luis] Machinea. </s>"
194,"<s>[INST]  The Argentine peso, on the other hand, is pegged to the dollar and will [/INST]  remain that way ""for a long, long time,"" said Mr. [Jose Luis] Machinea. Lately, the peg has cost Argentina thousands of manufacturing jobs that are migrating to Brazil, where wages are lower, and analysts are wondering just what the government plans to do. ""We are probably facing the moment of truth in trying to decide which are the winners and losers in Argentina,"" said Pedro Lacoste, an economist here. </s>"
195,"<s>[INST] Mexico, Brazil and Chile have export-oriented growth models based on flexible currency policies.  The Argentine peso, on the other hand, is pegged to the dollar and will [/INST]  remain that way ""for a long, long time,"" said Mr. [Jose Luis] Machinea. Lately, the peg has cost Argentina thousands of manufacturing jobs that are migrating to Brazil, where wages are lower, and analysts are wondering just what the government plans to do. </s>"
196,"<s>[INST]  Lately, the peg has cost Argentina thousands of manufacturing jobs that are migrating to Brazil, where [/INST]  wages are lower, and analysts are wondering just what the government plans to do. ""We are probably facing the moment of truth in trying to decide which are the winners and losers in Argentina,"" said Pedro Lacoste, an economist here. Developing ""a strategy for the future is the No. </s>"
197,"<s>[INST] The Argentine peso, on the other hand, is pegged to the dollar and will remain that way ""for a long, long time,"" said Mr. [Jose Luis] Machinea.  Lately, the peg has cost Argentina thousands of manufacturing jobs that are migrating to Brazil, where [/INST]  wages are lower, and analysts are wondering just what the government plans to do. ""We are probably facing the moment of truth in trying to decide which are the winners and losers in Argentina,"" said Pedro Lacoste, an economist here. </s>"
198,"<s>[INST]  ""We are probably facing the moment of truth in trying to decide which are [/INST]  the winners and losers in Argentina,"" said Pedro Lacoste, an economist here. Developing ""a strategy for the future is the No. 1 issue"". </s>"
199,"<s>[INST] Lately, the peg has cost Argentina thousands of manufacturing jobs that are migrating to Brazil, where wages are lower, and analysts are wondering just what the government plans to do.  ""We are probably facing the moment of truth in trying to decide which are [/INST]  the winners and losers in Argentina,"" said Pedro Lacoste, an economist here. Developing ""a strategy for the future is the No. </s>"
200,"<s>[INST]  Full text: BUENOS AIRES -- Argentina will attempt to secure $5 billion in fresh telecommunications investments over the next 18 months [/INST]  through tough deregulation policies that are part of an overall strategy to orient its industrial base toward highly skilled labor. ""We are going to have absolute and total deregulation"" in telecommunications, said Finance Minister Jose Luis Machinea. ""We are calling all the international companies"". </s>"
201,"<s>[INST] 1 issue"".  Full text: BUENOS AIRES -- Argentina will attempt to secure $5 billion in fresh telecommunications investments over the next 18 months [/INST]  through tough deregulation policies that are part of an overall strategy to orient its industrial base toward highly skilled labor. ""We are going to have absolute and total deregulation"" in telecommunications, said Finance Minister Jose Luis Machinea. </s>"
202,"<s>[INST]  ""We are going to have absolute and total deregulation"" [/INST]  in telecommunications, said Finance Minister Jose Luis Machinea. ""We are calling all the international companies"". He added that he ""would love"" to see competition erupt into a price war. </s>"
203,"<s>[INST] Full text: BUENOS AIRES -- Argentina will attempt to secure $5 billion in fresh telecommunications investments over the next 18 months through tough deregulation policies that are part of an overall strategy to orient its industrial base toward highly skilled labor.  ""We are going to have absolute and total deregulation"" [/INST]  in telecommunications, said Finance Minister Jose Luis Machinea. ""We are calling all the international companies"". </s>"
204,"<s>[INST]  He added that he ""would love"" to see [/INST]  competition erupt into a price war. In fact, the minister ventures that domestic and international long-distance rates could fall by as much as 50% over the next 18 months. ""We are going to be very aggressive,"" added Mr. Machinea, a 53-year-old economist with a doctorate from the University of Minnesota. </s>"
205,"<s>[INST] ""We are calling all the international companies"".  He added that he ""would love"" to see [/INST]  competition erupt into a price war. In fact, the minister ventures that domestic and international long-distance rates could fall by as much as 50% over the next 18 months. </s>"
206,"<s>[INST]  In fact, the minister ventures that domestic and international long-distance rates could [/INST]  fall by as much as 50% over the next 18 months. ""We are going to be very aggressive,"" added Mr. Machinea, a 53-year-old economist with a doctorate from the University of Minnesota. At least one big U.S. company thinks Argentina's highly protected playing field will change in favor of competition: Last week, AT&T Corp. </s>"
207,"<s>[INST] He added that he ""would love"" to see competition erupt into a price war.  In fact, the minister ventures that domestic and international long-distance rates could [/INST]  fall by as much as 50% over the next 18 months. ""We are going to be very aggressive,"" added Mr. Machinea, a 53-year-old economist with a doctorate from the University of Minnesota. </s>"
208,"<s>[INST]  ""We are going to be very aggressive,"" added Mr. Machinea, a [/INST]  53-year-old economist with a doctorate from the University of Minnesota. At least one big U.S. company thinks Argentina's highly protected playing field will change in favor of competition: Last week, AT&T Corp. , New York, purchased Keytech LD, an Argentine company that will compete in local, national and international long-distance telephone service, as well as Internet, data and fixed wireless services. </s>"
209,"<s>[INST] In fact, the minister ventures that domestic and international long-distance rates could fall by as much as 50% over the next 18 months.  ""We are going to be very aggressive,"" added Mr. Machinea, a [/INST]  53-year-old economist with a doctorate from the University of Minnesota. At least one big U.S. company thinks Argentina's highly protected playing field will change in favor of competition: Last week, AT&T Corp. </s>"
210,"<s>[INST]  At least one big U.S. company thinks Argentina's highly protected playing field [/INST]  will change in favor of competition: Last week, AT&T Corp. , New York, purchased Keytech LD, an Argentine company that will compete in local, national and international long-distance telephone service, as well as Internet, data and fixed wireless services. AT&T bought Keytech for $30 million in cash and stock and plans to invest another $50 million over the next few years, says Crecencio Arcos, a regional vice president at AT&T, who adds, ""The government is welcoming our investment"". </s>"
211,"<s>[INST] ""We are going to be very aggressive,"" added Mr. Machinea, a 53-year-old economist with a doctorate from the University of Minnesota.  At least one big U.S. company thinks Argentina's highly protected playing field [/INST]  will change in favor of competition: Last week, AT&T Corp. , New York, purchased Keytech LD, an Argentine company that will compete in local, national and international long-distance telephone service, as well as Internet, data and fixed wireless services. </s>"
212,"<s>[INST]  , New York, purchased Keytech LD, an Argentine company that will compete in local, national [/INST]  and international long-distance telephone service, as well as Internet, data and fixed wireless services. AT&T bought Keytech for $30 million in cash and stock and plans to invest another $50 million over the next few years, says Crecencio Arcos, a regional vice president at AT&T, who adds, ""The government is welcoming our investment"". Mr. Machinea's comments formed part of a wide-ranging interview in which he outlined the new government's mediumterm economic strategy for the first time. </s>"
213,"<s>[INST] At least one big U.S. company thinks Argentina's highly protected playing field will change in favor of competition: Last week, AT&T Corp.  , New York, purchased Keytech LD, an Argentine company that will compete in local, national [/INST]  and international long-distance telephone service, as well as Internet, data and fixed wireless services. AT&T bought Keytech for $30 million in cash and stock and plans to invest another $50 million over the next few years, says Crecencio Arcos, a regional vice president at AT&T, who adds, ""The government is welcoming our investment"". </s>"
214,"<s>[INST]  AT&T bought Keytech for $30 million in cash and stock and plans to invest another $50 million over the next [/INST]  few years, says Crecencio Arcos, a regional vice president at AT&T, who adds, ""The government is welcoming our investment"". Mr. Machinea's comments formed part of a wide-ranging interview in which he outlined the new government's mediumterm economic strategy for the first time. The economic team of President Fernando de la Rua, who took office Dec. </s>"
215,"<s>[INST] , New York, purchased Keytech LD, an Argentine company that will compete in local, national and international long-distance telephone service, as well as Internet, data and fixed wireless services.  AT&T bought Keytech for $30 million in cash and stock and plans to invest another $50 million over the next [/INST]  few years, says Crecencio Arcos, a regional vice president at AT&T, who adds, ""The government is welcoming our investment"". Mr. Machinea's comments formed part of a wide-ranging interview in which he outlined the new government's mediumterm economic strategy for the first time. </s>"
216,"<s>[INST]  Mr. Machinea's comments formed part of a wide-ranging interview in which he [/INST]  outlined the new government's mediumterm economic strategy for the first time. The economic team of President Fernando de la Rua, who took office Dec. 10, has received high marks for shoring up fiscal accounts with an austere budget and pushing a politically sensitive labor-reform initiative through the lower house last week despite a march of more than 15,000 workers in the streets. </s>"
217,"<s>[INST] AT&T bought Keytech for $30 million in cash and stock and plans to invest another $50 million over the next few years, says Crecencio Arcos, a regional vice president at AT&T, who adds, ""The government is welcoming our investment"".  Mr. Machinea's comments formed part of a wide-ranging interview in which he [/INST]  outlined the new government's mediumterm economic strategy for the first time. The economic team of President Fernando de la Rua, who took office Dec. </s>"
218,"<s>[INST]  The economic team of President Fernando de [/INST]  la Rua, who took office Dec. 10, has received high marks for shoring up fiscal accounts with an austere budget and pushing a politically sensitive labor-reform initiative through the lower house last week despite a march of more than 15,000 workers in the streets. Nevertheless, Argentina needs to redefine its strategy to rekindle investors' interest. </s>"
219,"<s>[INST] Mr. Machinea's comments formed part of a wide-ranging interview in which he outlined the new government's mediumterm economic strategy for the first time.  The economic team of President Fernando de [/INST]  la Rua, who took office Dec. 10, has received high marks for shoring up fiscal accounts with an austere budget and pushing a politically sensitive labor-reform initiative through the lower house last week despite a march of more than 15,000 workers in the streets. </s>"
220,"<s>[INST]  10, has received high marks for shoring up fiscal accounts with an austere budget and pushing a politically sensitive labor-reform [/INST]  initiative through the lower house last week despite a march of more than 15,000 workers in the streets. Nevertheless, Argentina needs to redefine its strategy to rekindle investors' interest. Mexico, Brazil and Chile have export-oriented growth models based on flexible currency policies. </s>"
221,"<s>[INST] The economic team of President Fernando de la Rua, who took office Dec.  10, has received high marks for shoring up fiscal accounts with an austere budget and pushing a politically sensitive labor-reform [/INST]  initiative through the lower house last week despite a march of more than 15,000 workers in the streets. Nevertheless, Argentina needs to redefine its strategy to rekindle investors' interest. </s>"
222,"<s>[INST]  Nevertheless, Argentina needs to redefine its [/INST]  strategy to rekindle investors' interest. Mexico, Brazil and Chile have export-oriented growth models based on flexible currency policies. The Argentine peso, on the other hand, is pegged to the dollar and will remain that way ""for a long, long time,"" said Mr. Machinea. </s>"
223,"<s>[INST] 10, has received high marks for shoring up fiscal accounts with an austere budget and pushing a politically sensitive labor-reform initiative through the lower house last week despite a march of more than 15,000 workers in the streets.  Nevertheless, Argentina needs to redefine its [/INST]  strategy to rekindle investors' interest. Mexico, Brazil and Chile have export-oriented growth models based on flexible currency policies. </s>"
224,"<s>[INST]  Mexico, Brazil and Chile have export-oriented growth [/INST]  models based on flexible currency policies. The Argentine peso, on the other hand, is pegged to the dollar and will remain that way ""for a long, long time,"" said Mr. Machinea. Lately, the peg has cost Argentina thousands of manufacturing jobs that are migrating to Brazil, where wages are lower, and analysts are wondering just what the government plans to do. </s>"
225,"<s>[INST] Nevertheless, Argentina needs to redefine its strategy to rekindle investors' interest.  Mexico, Brazil and Chile have export-oriented growth [/INST]  models based on flexible currency policies. The Argentine peso, on the other hand, is pegged to the dollar and will remain that way ""for a long, long time,"" said Mr. Machinea. </s>"
226,"<s>[INST]  The Argentine peso, on the other hand, is pegged to the dollar and [/INST]  will remain that way ""for a long, long time,"" said Mr. Machinea. Lately, the peg has cost Argentina thousands of manufacturing jobs that are migrating to Brazil, where wages are lower, and analysts are wondering just what the government plans to do. ""We are probably facing the moment of truth in trying to decide which are the winners and losers in Argentina,"" said Pedro Lacoste, an economist here. </s>"
227,"<s>[INST] Mexico, Brazil and Chile have export-oriented growth models based on flexible currency policies.  The Argentine peso, on the other hand, is pegged to the dollar and [/INST]  will remain that way ""for a long, long time,"" said Mr. Machinea. Lately, the peg has cost Argentina thousands of manufacturing jobs that are migrating to Brazil, where wages are lower, and analysts are wondering just what the government plans to do. </s>"
228,"<s>[INST]  Lately, the peg has cost Argentina thousands of manufacturing jobs that are migrating to Brazil, where [/INST]  wages are lower, and analysts are wondering just what the government plans to do. ""We are probably facing the moment of truth in trying to decide which are the winners and losers in Argentina,"" said Pedro Lacoste, an economist here. Developing ""a strategy for the future is the No. </s>"
229,"<s>[INST] The Argentine peso, on the other hand, is pegged to the dollar and will remain that way ""for a long, long time,"" said Mr. Machinea.  Lately, the peg has cost Argentina thousands of manufacturing jobs that are migrating to Brazil, where [/INST]  wages are lower, and analysts are wondering just what the government plans to do. ""We are probably facing the moment of truth in trying to decide which are the winners and losers in Argentina,"" said Pedro Lacoste, an economist here. </s>"
230,"<s>[INST]  ""We are probably facing the moment of truth in trying to decide which are [/INST]  the winners and losers in Argentina,"" said Pedro Lacoste, an economist here. Developing ""a strategy for the future is the No. 1 issue"". </s>"
231,"<s>[INST] Lately, the peg has cost Argentina thousands of manufacturing jobs that are migrating to Brazil, where wages are lower, and analysts are wondering just what the government plans to do.  ""We are probably facing the moment of truth in trying to decide which are [/INST]  the winners and losers in Argentina,"" said Pedro Lacoste, an economist here. Developing ""a strategy for the future is the No. </s>"
232,"<s>[INST]  Remarkably, Mr. Machinea said Argentina will not try to [/INST]  prevent the exodus of low-wage manufacturing jobs. ""We are going to lose and continue to lose in those sectors intensive in unskilled labor,"" he said, noting that Argentina's strategic advantage in Latin America is its large middle class and educated work force. ""The priority of this country is a new technological revolution"". </s>"
233,"<s>[INST] 1 issue"".  Remarkably, Mr. Machinea said Argentina will not try to [/INST]  prevent the exodus of low-wage manufacturing jobs. ""We are going to lose and continue to lose in those sectors intensive in unskilled labor,"" he said, noting that Argentina's strategic advantage in Latin America is its large middle class and educated work force. </s>"
234,"<s>[INST]  ""We are going to lose and continue to lose in those sectors intensive in unskilled labor,"" he said, [/INST]  noting that Argentina's strategic advantage in Latin America is its large middle class and educated work force. ""The priority of this country is a new technological revolution"". But if ""Argentina wants to advance in high-technology sectors, using qualified labor,"" telecommunications costs will have to drop, he said. </s>"
235,"<s>[INST] Remarkably, Mr. Machinea said Argentina will not try to prevent the exodus of low-wage manufacturing jobs.  ""We are going to lose and continue to lose in those sectors intensive in unskilled labor,"" he said, [/INST]  noting that Argentina's strategic advantage in Latin America is its large middle class and educated work force. ""The priority of this country is a new technological revolution"". </s>"
236,"<s>[INST]  But if ""Argentina wants to advance in high-technology sectors, using qualified [/INST]  labor,"" telecommunications costs will have to drop, he said. In November, Argentina began to deregulate the duopoly that has had a grip on telecommunications costs here for nearly a decade by allowing two wireless consortia to compete. But even Argentina's telecommunications minister, Henoch Aguiar, says that this opening was ""more like a warm-up exercise than a real race"" and that aggressive competition will begin this November, when the government opens the door to allows several more entrants. </s>"
237,"<s>[INST] ""The priority of this country is a new technological revolution"".  But if ""Argentina wants to advance in high-technology sectors, using qualified [/INST]  labor,"" telecommunications costs will have to drop, he said. In November, Argentina began to deregulate the duopoly that has had a grip on telecommunications costs here for nearly a decade by allowing two wireless consortia to compete. </s>"
238,"<s>[INST]  In November, Argentina began to deregulate the duopoly that has had a grip on telecommunications [/INST]  costs here for nearly a decade by allowing two wireless consortia to compete. But even Argentina's telecommunications minister, Henoch Aguiar, says that this opening was ""more like a warm-up exercise than a real race"" and that aggressive competition will begin this November, when the government opens the door to allows several more entrants. Mr. Aguiar said clear rules, vastly expanding network capacity, and competition will be the main factors pushing rates lower. </s>"
239,"<s>[INST] But if ""Argentina wants to advance in high-technology sectors, using qualified labor,"" telecommunications costs will have to drop, he said.  In November, Argentina began to deregulate the duopoly that has had a grip on telecommunications [/INST]  costs here for nearly a decade by allowing two wireless consortia to compete. But even Argentina's telecommunications minister, Henoch Aguiar, says that this opening was ""more like a warm-up exercise than a real race"" and that aggressive competition will begin this November, when the government opens the door to allows several more entrants. </s>"
240,"<s>[INST]  But even Argentina's telecommunications minister, Henoch Aguiar, says that this opening was ""more like a warm-up exercise than a real race"" [/INST]  and that aggressive competition will begin this November, when the government opens the door to allows several more entrants. Mr. Aguiar said clear rules, vastly expanding network capacity, and competition will be the main factors pushing rates lower. But the government will also adjust the rates the incumbents charge new players to use their networks to foment competition, he said. </s>"
241,"<s>[INST] In November, Argentina began to deregulate the duopoly that has had a grip on telecommunications costs here for nearly a decade by allowing two wireless consortia to compete.  But even Argentina's telecommunications minister, Henoch Aguiar, says that this opening was ""more like a warm-up exercise than a real race"" [/INST]  and that aggressive competition will begin this November, when the government opens the door to allows several more entrants. Mr. Aguiar said clear rules, vastly expanding network capacity, and competition will be the main factors pushing rates lower. </s>"
242,"<s>[INST]  Mr. Aguiar said clear rules, vastly expanding network capacity, and [/INST]  competition will be the main factors pushing rates lower. But the government will also adjust the rates the incumbents charge new players to use their networks to foment competition, he said. ""We will have competition without restrictions,"" he said, predicting that call rates to the U.S., which are around a dollar a minute, will fall to 20 cents or lower. </s>"
243,"<s>[INST] But even Argentina's telecommunications minister, Henoch Aguiar, says that this opening was ""more like a warm-up exercise than a real race"" and that aggressive competition will begin this November, when the government opens the door to allows several more entrants.  Mr. Aguiar said clear rules, vastly expanding network capacity, and [/INST]  competition will be the main factors pushing rates lower. But the government will also adjust the rates the incumbents charge new players to use their networks to foment competition, he said. </s>"
244,"<s>[INST]  But the government will also adjust the rates the incumbents charge new [/INST]  players to use their networks to foment competition, he said. ""We will have competition without restrictions,"" he said, predicting that call rates to the U.S., which are around a dollar a minute, will fall to 20 cents or lower. The objective isn't only savings for consumers and businesses, he said, but also the expansion of Argentina's nascent Internet industry. </s>"
245,"<s>[INST] Mr. Aguiar said clear rules, vastly expanding network capacity, and competition will be the main factors pushing rates lower.  But the government will also adjust the rates the incumbents charge new [/INST]  players to use their networks to foment competition, he said. ""We will have competition without restrictions,"" he said, predicting that call rates to the U.S., which are around a dollar a minute, will fall to 20 cents or lower. </s>"
246,"<s>[INST]  ""We will have competition without restrictions,"" he said, predicting that call rates to the U.S., [/INST]  which are around a dollar a minute, will fall to 20 cents or lower. The objective isn't only savings for consumers and businesses, he said, but also the expansion of Argentina's nascent Internet industry. ""We are convinced that Argentina"" can be the region's leader ""in content, software and applications for the Internet,"" Mr. Aguiar said. </s>"
247,"<s>[INST] But the government will also adjust the rates the incumbents charge new players to use their networks to foment competition, he said.  ""We will have competition without restrictions,"" he said, predicting that call rates to the U.S., [/INST]  which are around a dollar a minute, will fall to 20 cents or lower. The objective isn't only savings for consumers and businesses, he said, but also the expansion of Argentina's nascent Internet industry. </s>"
248,"<s>[INST]  The objective isn't only savings for consumers and businesses, he said, [/INST]  but also the expansion of Argentina's nascent Internet industry. ""We are convinced that Argentina"" can be the region's leader ""in content, software and applications for the Internet,"" Mr. Aguiar said. Despite oppressively high Internet-access and telephone charges over the past two years, Argentine Internet entrepreneurs have successfully launched companies that have expanded around the region, such as the portal El Sitio, which recently listed its shares on Nasdaq, and Patagon.com, a popular online financial services firm. </s>"
249,"<s>[INST] ""We will have competition without restrictions,"" he said, predicting that call rates to the U.S., which are around a dollar a minute, will fall to 20 cents or lower.  The objective isn't only savings for consumers and businesses, he said, [/INST]  but also the expansion of Argentina's nascent Internet industry. ""We are convinced that Argentina"" can be the region's leader ""in content, software and applications for the Internet,"" Mr. Aguiar said. </s>"
250,"<s>[INST]  ""We are convinced that Argentina"" can be the region's leader ""in [/INST]  content, software and applications for the Internet,"" Mr. Aguiar said. Despite oppressively high Internet-access and telephone charges over the past two years, Argentine Internet entrepreneurs have successfully launched companies that have expanded around the region, such as the portal El Sitio, which recently listed its shares on Nasdaq, and Patagon.com, a popular online financial services firm. But these companies still represent a fragment of the overall economy, and Mr. Machinea must make sure that other sectors of the economy remain productive and grow while the telecommunications industry takes off. </s>"
251,"<s>[INST] The objective isn't only savings for consumers and businesses, he said, but also the expansion of Argentina's nascent Internet industry.  ""We are convinced that Argentina"" can be the region's leader ""in [/INST]  content, software and applications for the Internet,"" Mr. Aguiar said. Despite oppressively high Internet-access and telephone charges over the past two years, Argentine Internet entrepreneurs have successfully launched companies that have expanded around the region, such as the portal El Sitio, which recently listed its shares on Nasdaq, and Patagon.com, a popular online financial services firm. </s>"
252,"<s>[INST]  Despite oppressively high Internet-access and telephone charges over the past two years, Argentine Internet entrepreneurs have successfully launched companies that have expanded around the [/INST]  region, such as the portal El Sitio, which recently listed its shares on Nasdaq, and Patagon.com, a popular online financial services firm. But these companies still represent a fragment of the overall economy, and Mr. Machinea must make sure that other sectors of the economy remain productive and grow while the telecommunications industry takes off. The finance minister said he will also look for ways to spark more competition in the gas, electricity and fuel sectors, giving smaller distributors better access to the wholesale markets. </s>"
253,"<s>[INST] ""We are convinced that Argentina"" can be the region's leader ""in content, software and applications for the Internet,"" Mr. Aguiar said.  Despite oppressively high Internet-access and telephone charges over the past two years, Argentine Internet entrepreneurs have successfully launched companies that have expanded around the [/INST]  region, such as the portal El Sitio, which recently listed its shares on Nasdaq, and Patagon.com, a popular online financial services firm. But these companies still represent a fragment of the overall economy, and Mr. Machinea must make sure that other sectors of the economy remain productive and grow while the telecommunications industry takes off. </s>"
254,"<s>[INST]  But these companies still represent a fragment of the overall economy, and Mr. Machinea must make sure [/INST]  that other sectors of the economy remain productive and grow while the telecommunications industry takes off. The finance minister said he will also look for ways to spark more competition in the gas, electricity and fuel sectors, giving smaller distributors better access to the wholesale markets. Capital markets also need to be overhauled, he said, by lowering barriers of entry for new financial services concerns. </s>"
255,"<s>[INST] Despite oppressively high Internet-access and telephone charges over the past two years, Argentine Internet entrepreneurs have successfully launched companies that have expanded around the region, such as the portal El Sitio, which recently listed its shares on Nasdaq, and Patagon.com, a popular online financial services firm.  But these companies still represent a fragment of the overall economy, and Mr. Machinea must make sure [/INST]  that other sectors of the economy remain productive and grow while the telecommunications industry takes off. The finance minister said he will also look for ways to spark more competition in the gas, electricity and fuel sectors, giving smaller distributors better access to the wholesale markets. </s>"
256,"<s>[INST]  The finance minister said he will also look for ways to spark more competition in the [/INST]  gas, electricity and fuel sectors, giving smaller distributors better access to the wholesale markets. Capital markets also need to be overhauled, he said, by lowering barriers of entry for new financial services concerns. To help absorb the job loss Argentina will suffer from plant migrations, the minister said, the government will focus on infrastructure projects and retraining programs. </s>"
257,"<s>[INST] But these companies still represent a fragment of the overall economy, and Mr. Machinea must make sure that other sectors of the economy remain productive and grow while the telecommunications industry takes off.  The finance minister said he will also look for ways to spark more competition in the [/INST]  gas, electricity and fuel sectors, giving smaller distributors better access to the wholesale markets. Capital markets also need to be overhauled, he said, by lowering barriers of entry for new financial services concerns. </s>"
258,"<s>[INST]  Capital markets also need to be overhauled, he said, by [/INST]  lowering barriers of entry for new financial services concerns. To help absorb the job loss Argentina will suffer from plant migrations, the minister said, the government will focus on infrastructure projects and retraining programs. But he said Argentina will never compete on the basis of cheap labor or a cheap currency. </s>"
259,"<s>[INST] The finance minister said he will also look for ways to spark more competition in the gas, electricity and fuel sectors, giving smaller distributors better access to the wholesale markets.  Capital markets also need to be overhauled, he said, by [/INST]  lowering barriers of entry for new financial services concerns. To help absorb the job loss Argentina will suffer from plant migrations, the minister said, the government will focus on infrastructure projects and retraining programs. </s>"
260,"<s>[INST]  To help absorb the job loss Argentina will suffer from plant migrations, the [/INST]  minister said, the government will focus on infrastructure projects and retraining programs. But he said Argentina will never compete on the basis of cheap labor or a cheap currency. ""The only way this country can be more competitive is to lower costs,"" Mr. Machinea said. </s>"
261,"<s>[INST] Capital markets also need to be overhauled, he said, by lowering barriers of entry for new financial services concerns.  To help absorb the job loss Argentina will suffer from plant migrations, the [/INST]  minister said, the government will focus on infrastructure projects and retraining programs. But he said Argentina will never compete on the basis of cheap labor or a cheap currency. </s>"
262,"<s>[INST]  But he said Argentina will never compete on the [/INST]  basis of cheap labor or a cheap currency. ""The only way this country can be more competitive is to lower costs,"" Mr. Machinea said. ""This is our fight of every day"". </s>"
263,"<s>[INST] To help absorb the job loss Argentina will suffer from plant migrations, the minister said, the government will focus on infrastructure projects and retraining programs.  But he said Argentina will never compete on the [/INST]  basis of cheap labor or a cheap currency. ""The only way this country can be more competitive is to lower costs,"" Mr. Machinea said. </s>"
264,"<s>[INST]  ""The only way this country can be more competitive [/INST]  is to lower costs,"" Mr. Machinea said. ""This is our fight of every day"". Credit: Staff Reporter of The Wall Street Journal </s>"
265,"<s>[INST] But he said Argentina will never compete on the basis of cheap labor or a cheap currency.  ""The only way this country can be more competitive [/INST]  is to lower costs,"" Mr. Machinea said. ""This is our fight of every day"". </s>"
266,"<s>[INST]  accountid=28034 Abstract: Labor reform is a sensitive issue in Argentina, where unemployment [/INST]  is estimated at 14.4% and yet wage costs are stubbornly high. The International Monetary Fund and other creditors insist that Argentina needs more-flexible labor markets to complement its rigid exchange-rate system, which pegs the peso to the dollar, and to keep its goods competitive in export markets. Other countries, such as Brazil and Mexico, have cut wage costs through currency devaluations. </s>"
267,"<s>[INST] proquest.com/docview/398754076?  accountid=28034 Abstract: Labor reform is a sensitive issue in Argentina, where unemployment [/INST]  is estimated at 14.4% and yet wage costs are stubbornly high. The International Monetary Fund and other creditors insist that Argentina needs more-flexible labor markets to complement its rigid exchange-rate system, which pegs the peso to the dollar, and to keep its goods competitive in export markets. </s>"
268,"<s>[INST]  The International Monetary Fund and other creditors insist that Argentina needs more-flexible labor markets to complement its rigid exchange-rate [/INST]  system, which pegs the peso to the dollar, and to keep its goods competitive in export markets. Other countries, such as Brazil and Mexico, have cut wage costs through currency devaluations. But Argentine finance officials reject that option, fearing hyperinflation; so instead, they must lower costs through deregulation and more competition. </s>"
269,"<s>[INST] accountid=28034  Abstract: Labor reform is a sensitive issue in Argentina, where unemployment is estimated at 14.4% and yet wage costs are stubbornly high.  The International Monetary Fund and other creditors insist that Argentina needs more-flexible labor markets to complement its rigid exchange-rate [/INST]  system, which pegs the peso to the dollar, and to keep its goods competitive in export markets. Other countries, such as Brazil and Mexico, have cut wage costs through currency devaluations. </s>"
270,"<s>[INST]  Other countries, such as Brazil and Mexico, have [/INST]  cut wage costs through currency devaluations. But Argentine finance officials reject that option, fearing hyperinflation; so instead, they must lower costs through deregulation and more competition. Full text: BUENOS AIRES -- Argentine President Fernando de la Rua is in a showdown with two big labor federations here that threaten to paralyze the country tomorrow afternoon with a strike to protest a bold labor-reform bill. </s>"
271,"<s>[INST] The International Monetary Fund and other creditors insist that Argentina needs more-flexible labor markets to complement its rigid exchange-rate system, which pegs the peso to the dollar, and to keep its goods competitive in export markets.  Other countries, such as Brazil and Mexico, have [/INST]  cut wage costs through currency devaluations. But Argentine finance officials reject that option, fearing hyperinflation; so instead, they must lower costs through deregulation and more competition. </s>"
272,"<s>[INST]  But Argentine finance officials reject that option, fearing hyperinflation; so instead, [/INST]  they must lower costs through deregulation and more competition. Full text: BUENOS AIRES -- Argentine President Fernando de la Rua is in a showdown with two big labor federations here that threaten to paralyze the country tomorrow afternoon with a strike to protest a bold labor-reform bill. Negotiations with the labor groups are expected to continue today. </s>"
273,"<s>[INST] Other countries, such as Brazil and Mexico, have cut wage costs through currency devaluations.  But Argentine finance officials reject that option, fearing hyperinflation; so instead, [/INST]  they must lower costs through deregulation and more competition. Full text: BUENOS AIRES -- Argentine President Fernando de la Rua is in a showdown with two big labor federations here that threaten to paralyze the country tomorrow afternoon with a strike to protest a bold labor-reform bill. </s>"
274,"<s>[INST]  Full text: BUENOS AIRES -- Argentine President Fernando de la Rua is in a showdown with two big labor federations [/INST]  here that threaten to paralyze the country tomorrow afternoon with a strike to protest a bold labor-reform bill. Negotiations with the labor groups are expected to continue today. If an accord isn't reached, the labor federations say thousands of workers will march on the capital, halting work at plants and businesses around the country. </s>"
275,"<s>[INST] But Argentine finance officials reject that option, fearing hyperinflation; so instead, they must lower costs through deregulation and more competition.  Full text: BUENOS AIRES -- Argentine President Fernando de la Rua is in a showdown with two big labor federations [/INST]  here that threaten to paralyze the country tomorrow afternoon with a strike to protest a bold labor-reform bill. Negotiations with the labor groups are expected to continue today. </s>"
276,"<s>[INST]  If an accord isn't reached, the labor federations say thousands of workers will march [/INST]  on the capital, halting work at plants and businesses around the country. The march isn't expected to last more than a day, but it could weaken the legislative momentum Mr. de la Rua's team has achieved on the bill with the opposition Justicialist, or ""Peronist,"" Party, which has alliances with the unions. Labor reform is a sensitive issue in Argentina, where unemployment is estimated at 14.4% and yet wage costs are stubbornly high. </s>"
277,"<s>[INST] Negotiations with the labor groups are expected to continue today.  If an accord isn't reached, the labor federations say thousands of workers will march [/INST]  on the capital, halting work at plants and businesses around the country. The march isn't expected to last more than a day, but it could weaken the legislative momentum Mr. de la Rua's team has achieved on the bill with the opposition Justicialist, or ""Peronist,"" Party, which has alliances with the unions. </s>"
278,"<s>[INST]  The march isn't expected to last more than a day, but it could weaken the legislative momentum Mr. de la Rua's [/INST]  team has achieved on the bill with the opposition Justicialist, or ""Peronist,"" Party, which has alliances with the unions. Labor reform is a sensitive issue in Argentina, where unemployment is estimated at 14.4% and yet wage costs are stubbornly high. The International Monetary Fund and other creditors insist that Argentina needs more-flexible labor markets to complement its rigid exchange-rate system, which pegs the peso to the dollar, and to keep its goods competitive in export markets. </s>"
279,"<s>[INST] If an accord isn't reached, the labor federations say thousands of workers will march on the capital, halting work at plants and businesses around the country.  The march isn't expected to last more than a day, but it could weaken the legislative momentum Mr. de la Rua's [/INST]  team has achieved on the bill with the opposition Justicialist, or ""Peronist,"" Party, which has alliances with the unions. Labor reform is a sensitive issue in Argentina, where unemployment is estimated at 14.4% and yet wage costs are stubbornly high. </s>"
280,"<s>[INST]  Labor reform is a sensitive issue in Argentina, where unemployment is [/INST]  estimated at 14.4% and yet wage costs are stubbornly high. The International Monetary Fund and other creditors insist that Argentina needs more-flexible labor markets to complement its rigid exchange-rate system, which pegs the peso to the dollar, and to keep its goods competitive in export markets. Other countries, such as Brazil and Mexico, have cut wage costs through currency devaluations. </s>"
281,"<s>[INST] The march isn't expected to last more than a day, but it could weaken the legislative momentum Mr. de la Rua's team has achieved on the bill with the opposition Justicialist, or ""Peronist,"" Party, which has alliances with the unions.  Labor reform is a sensitive issue in Argentina, where unemployment is [/INST]  estimated at 14.4% and yet wage costs are stubbornly high. The International Monetary Fund and other creditors insist that Argentina needs more-flexible labor markets to complement its rigid exchange-rate system, which pegs the peso to the dollar, and to keep its goods competitive in export markets. </s>"
282,"<s>[INST]  The International Monetary Fund and other creditors insist that Argentina needs more-flexible labor markets to complement its rigid exchange-rate [/INST]  system, which pegs the peso to the dollar, and to keep its goods competitive in export markets. Other countries, such as Brazil and Mexico, have cut wage costs through currency devaluations. But Argentine finance officials reject that option, fearing hyperinflation; so instead, they must lower costs through deregulation and more competition. </s>"
283,"<s>[INST] Labor reform is a sensitive issue in Argentina, where unemployment is estimated at 14.4% and yet wage costs are stubbornly high.  The International Monetary Fund and other creditors insist that Argentina needs more-flexible labor markets to complement its rigid exchange-rate [/INST]  system, which pegs the peso to the dollar, and to keep its goods competitive in export markets. Other countries, such as Brazil and Mexico, have cut wage costs through currency devaluations. </s>"
284,"<s>[INST]  Other countries, such as Brazil and Mexico, have [/INST]  cut wage costs through currency devaluations. But Argentine finance officials reject that option, fearing hyperinflation; so instead, they must lower costs through deregulation and more competition. The labor-reform bill proposes to give businesses more flexibility by lengthening trial periods during which companies can weed out unproductive new employees with little cost; preventing the enforcement of old contracts in favor of new accords; and decentralizing labor negotiations, a move that reduces the power of the national federations. </s>"
285,"<s>[INST] The International Monetary Fund and other creditors insist that Argentina needs more-flexible labor markets to complement its rigid exchange-rate system, which pegs the peso to the dollar, and to keep its goods competitive in export markets.  Other countries, such as Brazil and Mexico, have [/INST]  cut wage costs through currency devaluations. But Argentine finance officials reject that option, fearing hyperinflation; so instead, they must lower costs through deregulation and more competition. </s>"
286,"<s>[INST]  But Argentine finance officials reject that option, fearing hyperinflation; so instead, [/INST]  they must lower costs through deregulation and more competition. The labor-reform bill proposes to give businesses more flexibility by lengthening trial periods during which companies can weed out unproductive new employees with little cost; preventing the enforcement of old contracts in favor of new accords; and decentralizing labor negotiations, a move that reduces the power of the national federations. ""In political terms,"" says Martin Lousteau, an economist at the Buenos Aires research firm Pedro Lacoste & Associates, ""this is by far the boldest economic reform taken on by the new government"". </s>"
287,"<s>[INST] Other countries, such as Brazil and Mexico, have cut wage costs through currency devaluations.  But Argentine finance officials reject that option, fearing hyperinflation; so instead, [/INST]  they must lower costs through deregulation and more competition. The labor-reform bill proposes to give businesses more flexibility by lengthening trial periods during which companies can weed out unproductive new employees with little cost; preventing the enforcement of old contracts in favor of new accords; and decentralizing labor negotiations, a move that reduces the power of the national federations. </s>"
288,"<s>[INST]  The labor-reform bill proposes to give businesses more flexibility by lengthening trial periods during which companies can weed out unproductive new employees with little cost; preventing [/INST]  the enforcement of old contracts in favor of new accords; and decentralizing labor negotiations, a move that reduces the power of the national federations. ""In political terms,"" says Martin Lousteau, an economist at the Buenos Aires research firm Pedro Lacoste & Associates, ""this is by far the boldest economic reform taken on by the new government"". It is also one of the most urgent. </s>"
289,"<s>[INST] But Argentine finance officials reject that option, fearing hyperinflation; so instead, they must lower costs through deregulation and more competition.  The labor-reform bill proposes to give businesses more flexibility by lengthening trial periods during which companies can weed out unproductive new employees with little cost; preventing [/INST]  the enforcement of old contracts in favor of new accords; and decentralizing labor negotiations, a move that reduces the power of the national federations. ""In political terms,"" says Martin Lousteau, an economist at the Buenos Aires research firm Pedro Lacoste & Associates, ""this is by far the boldest economic reform taken on by the new government"". </s>"
290,"<s>[INST]  ""In political terms,"" says Martin Lousteau, an economist at the Buenos Aires research firm Pedro Lacoste & [/INST]  Associates, ""this is by far the boldest economic reform taken on by the new government"". It is also one of the most urgent. Dozens of Argentine plants are already migrating across the border to Brazil to take advantage of lower wage costs. </s>"
291,"<s>[INST] The labor-reform bill proposes to give businesses more flexibility by lengthening trial periods during which companies can weed out unproductive new employees with little cost; preventing the enforcement of old contracts in favor of new accords; and decentralizing labor negotiations, a move that reduces the power of the national federations.  ""In political terms,"" says Martin Lousteau, an economist at the Buenos Aires research firm Pedro Lacoste & [/INST]  Associates, ""this is by far the boldest economic reform taken on by the new government"". It is also one of the most urgent. </s>"
292,"<s>[INST]  Dozens of Argentine plants are already migrating across the border [/INST]  to Brazil to take advantage of lower wage costs. Federico Poli, an adviser to the Union Industrial Argentina, a lobbying group for private-sector businesses, says the bill ""will help modernize some contracts"". But he adds: ""Nobody is thinking of cutting salaries because this would damage the domestic market"". </s>"
293,"<s>[INST] It is also one of the most urgent.  Dozens of Argentine plants are already migrating across the border [/INST]  to Brazil to take advantage of lower wage costs. Federico Poli, an adviser to the Union Industrial Argentina, a lobbying group for private-sector businesses, says the bill ""will help modernize some contracts"". </s>"
294,"<s>[INST]  Federico Poli, an adviser to the Union Industrial Argentina, a lobbying group [/INST]  for private-sector businesses, says the bill ""will help modernize some contracts"". But he adds: ""Nobody is thinking of cutting salaries because this would damage the domestic market"". Mr. de la Rua was applauded for pushing an austere budget through Congress recently. </s>"
295,"<s>[INST] Dozens of Argentine plants are already migrating across the border to Brazil to take advantage of lower wage costs.  Federico Poli, an adviser to the Union Industrial Argentina, a lobbying group [/INST]  for private-sector businesses, says the bill ""will help modernize some contracts"". But he adds: ""Nobody is thinking of cutting salaries because this would damage the domestic market"". </s>"
296,"<s>[INST]  But he adds: ""Nobody is thinking of cutting salaries [/INST]  because this would damage the domestic market"". Mr. de la Rua was applauded for pushing an austere budget through Congress recently. But the escalating battle with the unions this week points to a policy gap. </s>"
297,"<s>[INST] Federico Poli, an adviser to the Union Industrial Argentina, a lobbying group for private-sector businesses, says the bill ""will help modernize some contracts"".  But he adds: ""Nobody is thinking of cutting salaries [/INST]  because this would damage the domestic market"". Mr. de la Rua was applauded for pushing an austere budget through Congress recently. </s>"
298,<s>[INST]  Mr. de la Rua was applauded for pushing [/INST]  an austere budget through Congress recently. But the escalating battle with the unions this week points to a policy gap. The new president hasn't articulated how painful measures such as budget cuts and weakening job security fit into his broader campaign to make Argentina more economically competitive. </s>
299,"<s>[INST] But he adds: ""Nobody is thinking of cutting salaries because this would damage the domestic market"".  Mr. de la Rua was applauded for pushing [/INST]  an austere budget through Congress recently. But the escalating battle with the unions this week points to a policy gap. </s>"
300,<s>[INST]  But the escalating battle with the unions this [/INST]  week points to a policy gap. The new president hasn't articulated how painful measures such as budget cuts and weakening job security fit into his broader campaign to make Argentina more economically competitive. Union leaders also complain that the government hasn't done enough to foment competition among telecommunications companies and other sectors that influence business costs in Argentina. </s>
301,<s>[INST] Mr. de la Rua was applauded for pushing an austere budget through Congress recently.  But the escalating battle with the unions this [/INST]  week points to a policy gap. The new president hasn't articulated how painful measures such as budget cuts and weakening job security fit into his broader campaign to make Argentina more economically competitive. </s>
302,"<s>[INST]  The new president hasn't articulated how painful measures such as budget cuts and weakening [/INST]  job security fit into his broader campaign to make Argentina more economically competitive. Union leaders also complain that the government hasn't done enough to foment competition among telecommunications companies and other sectors that influence business costs in Argentina. If these other costs were in line with international market prices, ""Argentina wouldn't only compete, it would set the pace,"" says Augusto Varas, head of the metalworkers' union in Cordoba, home to much of Argentina's heavy industries. </s>"
303,<s>[INST] But the escalating battle with the unions this week points to a policy gap.  The new president hasn't articulated how painful measures such as budget cuts and weakening [/INST]  job security fit into his broader campaign to make Argentina more economically competitive. Union leaders also complain that the government hasn't done enough to foment competition among telecommunications companies and other sectors that influence business costs in Argentina. </s>
304,"<s>[INST]  Union leaders also complain that the government hasn't done enough to foment competition [/INST]  among telecommunications companies and other sectors that influence business costs in Argentina. If these other costs were in line with international market prices, ""Argentina wouldn't only compete, it would set the pace,"" says Augusto Varas, head of the metalworkers' union in Cordoba, home to much of Argentina's heavy industries. Credit: Staff Reporter of The Wall Street Journal </s>"
305,"<s>[INST] The new president hasn't articulated how painful measures such as budget cuts and weakening job security fit into his broader campaign to make Argentina more economically competitive.  Union leaders also complain that the government hasn't done enough to foment competition [/INST]  among telecommunications companies and other sectors that influence business costs in Argentina. If these other costs were in line with international market prices, ""Argentina wouldn't only compete, it would set the pace,"" says Augusto Varas, head of the metalworkers' union in Cordoba, home to much of Argentina's heavy industries. </s>"
306,"<s>[INST]  accountid=28034 Abstract: Argentine President Fernando de la Rua's aggressive efforts to cut the nation's fiscal deficit in his first days in office paid off [/INST]  with rising confidence in international markets yesterday as the country issued its first long-term global bond of more than $1 billion since 1997. Argentina's economic team must roll over $13 billion in debt this year and finance a budget deficit of about $4.5 billion. Mr. de la Rua made a reform of Argentina's sloppy fiscal accounts his top priority shortly after he took office in December, calling the deficit ""our worst enemy"". </s>"
307,<s>[INST] proquest.com/docview/398763310?  accountid=28034 Abstract: Argentine President Fernando de la Rua's aggressive efforts to cut the nation's fiscal deficit in his first days in office paid off [/INST]  with rising confidence in international markets yesterday as the country issued its first long-term global bond of more than $1 billion since 1997. Argentina's economic team must roll over $13 billion in debt this year and finance a budget deficit of about $4.5 billion. </s>
308,"<s>[INST]  Argentina's economic team must roll over $13 billion in debt this [/INST]  year and finance a budget deficit of about $4.5 billion. Mr. de la Rua made a reform of Argentina's sloppy fiscal accounts his top priority shortly after he took office in December, calling the deficit ""our worst enemy"". His team pushed a budget package through Congress that contained spending cuts and tax increases. </s>"
309,"<s>[INST] accountid=28034  Abstract: Argentine President Fernando de la Rua's aggressive efforts to cut the nation's fiscal deficit in his first days in office paid off with rising confidence in international markets yesterday as the country issued its first long-term global bond of more than $1 billion since 1997.  Argentina's economic team must roll over $13 billion in debt this [/INST]  year and finance a budget deficit of about $4.5 billion. Mr. de la Rua made a reform of Argentina's sloppy fiscal accounts his top priority shortly after he took office in December, calling the deficit ""our worst enemy"". </s>"
310,"<s>[INST]  Mr. de la Rua made a reform of Argentina's sloppy fiscal accounts his top priority [/INST]  shortly after he took office in December, calling the deficit ""our worst enemy"". His team pushed a budget package through Congress that contained spending cuts and tax increases. Full text: BUENOS AIRES -- Argentine President Fernando de la Rua's aggressive efforts to cut the nation's fiscal deficit in his first days in office paid off with rising confidence in international markets yesterday as the country issued its first long-term global bond of more than $1 billion since 1997. </s>"
311,"<s>[INST] Argentina's economic team must roll over $13 billion in debt this year and finance a budget deficit of about $4.5 billion.  Mr. de la Rua made a reform of Argentina's sloppy fiscal accounts his top priority [/INST]  shortly after he took office in December, calling the deficit ""our worst enemy"". His team pushed a budget package through Congress that contained spending cuts and tax increases. </s>"
312,"<s>[INST]  His team pushed a budget package through Congress [/INST]  that contained spending cuts and tax increases. Full text: BUENOS AIRES -- Argentine President Fernando de la Rua's aggressive efforts to cut the nation's fiscal deficit in his first days in office paid off with rising confidence in international markets yesterday as the country issued its first long-term global bond of more than $1 billion since 1997. The $1.25 billion 20-year bond was priced to yield 12.08%, or 5.41 percentage points over the U.S. Treasury issue of similar maturity. </s>"
313,"<s>[INST] Mr. de la Rua made a reform of Argentina's sloppy fiscal accounts his top priority shortly after he took office in December, calling the deficit ""our worst enemy"".  His team pushed a budget package through Congress [/INST]  that contained spending cuts and tax increases. Full text: BUENOS AIRES -- Argentine President Fernando de la Rua's aggressive efforts to cut the nation's fiscal deficit in his first days in office paid off with rising confidence in international markets yesterday as the country issued its first long-term global bond of more than $1 billion since 1997. </s>"
314,"<s>[INST]  Full text: BUENOS AIRES -- Argentine President Fernando de la Rua's aggressive efforts to cut the nation's fiscal deficit in his first days in office paid [/INST]  off with rising confidence in international markets yesterday as the country issued its first long-term global bond of more than $1 billion since 1997. The $1.25 billion 20-year bond was priced to yield 12.08%, or 5.41 percentage points over the U.S. Treasury issue of similar maturity. Rachel Hines, a managing director at J.P. Morgan & Co., which jointly led the bond offer with Citigroup Inc.'s Salomon Smith Barney, said the bond was oversubscribed and distributed broadly among U.S. and international accounts. </s>"
315,"<s>[INST] His team pushed a budget package through Congress that contained spending cuts and tax increases.  Full text: BUENOS AIRES -- Argentine President Fernando de la Rua's aggressive efforts to cut the nation's fiscal deficit in his first days in office paid [/INST]  off with rising confidence in international markets yesterday as the country issued its first long-term global bond of more than $1 billion since 1997. The $1.25 billion 20-year bond was priced to yield 12.08%, or 5.41 percentage points over the U.S. Treasury issue of similar maturity. </s>"
316,"<s>[INST]  The $1.25 billion 20-year bond was priced to yield 12.08%, or 5.41 [/INST]  percentage points over the U.S. Treasury issue of similar maturity. Rachel Hines, a managing director at J.P. Morgan & Co., which jointly led the bond offer with Citigroup Inc.'s Salomon Smith Barney, said the bond was oversubscribed and distributed broadly among U.S. and international accounts. Argentina's economic team must roll over $13 billion in debt this year and finance a budget deficit of about $4.5 billion. </s>"
317,"<s>[INST] Full text: BUENOS AIRES -- Argentine President Fernando de la Rua's aggressive efforts to cut the nation's fiscal deficit in his first days in office paid off with rising confidence in international markets yesterday as the country issued its first long-term global bond of more than $1 billion since 1997.  The $1.25 billion 20-year bond was priced to yield 12.08%, or 5.41 [/INST]  percentage points over the U.S. Treasury issue of similar maturity. Rachel Hines, a managing director at J.P. Morgan & Co., which jointly led the bond offer with Citigroup Inc.'s Salomon Smith Barney, said the bond was oversubscribed and distributed broadly among U.S. and international accounts. </s>"
318,"<s>[INST]  Rachel Hines, a managing director at J.P. Morgan & Co., which jointly led the bond offer with Citigroup [/INST]  Inc.'s Salomon Smith Barney, said the bond was oversubscribed and distributed broadly among U.S. and international accounts. Argentina's economic team must roll over $13 billion in debt this year and finance a budget deficit of about $4.5 billion. Mr. de la Rua made a reform of Argentina's sloppy fiscal accounts his top priority shortly after he took office in December, calling the deficit ""our worst enemy"". </s>"
319,"<s>[INST] The $1.25 billion 20-year bond was priced to yield 12.08%, or 5.41 percentage points over the U.S. Treasury issue of similar maturity.  Rachel Hines, a managing director at J.P. Morgan & Co., which jointly led the bond offer with Citigroup [/INST]  Inc.'s Salomon Smith Barney, said the bond was oversubscribed and distributed broadly among U.S. and international accounts. Argentina's economic team must roll over $13 billion in debt this year and finance a budget deficit of about $4.5 billion. </s>"
320,"<s>[INST]  Argentina's economic team must roll over $13 billion in debt this [/INST]  year and finance a budget deficit of about $4.5 billion. Mr. de la Rua made a reform of Argentina's sloppy fiscal accounts his top priority shortly after he took office in December, calling the deficit ""our worst enemy"". His team pushed a budget package through Congress that contained spending cuts and tax increases. </s>"
321,"<s>[INST] Rachel Hines, a managing director at J.P. Morgan & Co., which jointly led the bond offer with Citigroup Inc.'s Salomon Smith Barney, said the bond was oversubscribed and distributed broadly among U.S. and international accounts.  Argentina's economic team must roll over $13 billion in debt this [/INST]  year and finance a budget deficit of about $4.5 billion. Mr. de la Rua made a reform of Argentina's sloppy fiscal accounts his top priority shortly after he took office in December, calling the deficit ""our worst enemy"". </s>"
322,"<s>[INST]  Mr. de la Rua made a reform of Argentina's sloppy fiscal accounts his top priority [/INST]  shortly after he took office in December, calling the deficit ""our worst enemy"". His team pushed a budget package through Congress that contained spending cuts and tax increases. Most analysts believe the fiscal deficit target of $4.5 billion is within reach, but only if Argentina can grow more than 3% this year following a deep recession last year. </s>"
323,"<s>[INST] Argentina's economic team must roll over $13 billion in debt this year and finance a budget deficit of about $4.5 billion.  Mr. de la Rua made a reform of Argentina's sloppy fiscal accounts his top priority [/INST]  shortly after he took office in December, calling the deficit ""our worst enemy"". His team pushed a budget package through Congress that contained spending cuts and tax increases. </s>"
324,"<s>[INST]  His team pushed a budget package through Congress [/INST]  that contained spending cuts and tax increases. Most analysts believe the fiscal deficit target of $4.5 billion is within reach, but only if Argentina can grow more than 3% this year following a deep recession last year. Industrial production is rebounding, but Pedro Lacoste, an independent economist here, says this reflects idiosyncrasies of the automobile industry more than overall economic growth. </s>"
325,"<s>[INST] Mr. de la Rua made a reform of Argentina's sloppy fiscal accounts his top priority shortly after he took office in December, calling the deficit ""our worst enemy"".  His team pushed a budget package through Congress [/INST]  that contained spending cuts and tax increases. Most analysts believe the fiscal deficit target of $4.5 billion is within reach, but only if Argentina can grow more than 3% this year following a deep recession last year. </s>"
326,"<s>[INST]  Most analysts believe the fiscal deficit target of $4.5 billion is within reach, but only if [/INST]  Argentina can grow more than 3% this year following a deep recession last year. Industrial production is rebounding, but Pedro Lacoste, an independent economist here, says this reflects idiosyncrasies of the automobile industry more than overall economic growth. Mr. Lacoste, who is also head of a Buenos Aires economics firm that bears his name, argues that ""if you look at leading indicators such as bank credit, supermarket sales and tax collection, the recovery is not so clear"". </s>"
327,"<s>[INST] His team pushed a budget package through Congress that contained spending cuts and tax increases.  Most analysts believe the fiscal deficit target of $4.5 billion is within reach, but only if [/INST]  Argentina can grow more than 3% this year following a deep recession last year. Industrial production is rebounding, but Pedro Lacoste, an independent economist here, says this reflects idiosyncrasies of the automobile industry more than overall economic growth. </s>"
328,"<s>[INST]  Industrial production is rebounding, but Pedro Lacoste, an independent economist here, says this [/INST]  reflects idiosyncrasies of the automobile industry more than overall economic growth. Mr. Lacoste, who is also head of a Buenos Aires economics firm that bears his name, argues that ""if you look at leading indicators such as bank credit, supermarket sales and tax collection, the recovery is not so clear"". Mr. Lacoste forecasts 2.5% economic growth this year and a fiscal deficit of $5.5 billion to $6 billion. </s>"
329,"<s>[INST] Most analysts believe the fiscal deficit target of $4.5 billion is within reach, but only if Argentina can grow more than 3% this year following a deep recession last year.  Industrial production is rebounding, but Pedro Lacoste, an independent economist here, says this [/INST]  reflects idiosyncrasies of the automobile industry more than overall economic growth. Mr. Lacoste, who is also head of a Buenos Aires economics firm that bears his name, argues that ""if you look at leading indicators such as bank credit, supermarket sales and tax collection, the recovery is not so clear"". </s>"
330,"<s>[INST]  Mr. Lacoste, who is also head of a Buenos Aires economics firm that bears his name, argues that ""if you [/INST]  look at leading indicators such as bank credit, supermarket sales and tax collection, the recovery is not so clear"". Mr. Lacoste forecasts 2.5% economic growth this year and a fiscal deficit of $5.5 billion to $6 billion. While the size of yesterday's issue reflects rising confidence, Argentina's overall debt levels continue to scare some investors, and there are long-term concerns about the country's competitiveness, especially compared with that of Brazil, which devalued its currency a year ago. </s>"
331,"<s>[INST] Industrial production is rebounding, but Pedro Lacoste, an independent economist here, says this reflects idiosyncrasies of the automobile industry more than overall economic growth.  Mr. Lacoste, who is also head of a Buenos Aires economics firm that bears his name, argues that ""if you [/INST]  look at leading indicators such as bank credit, supermarket sales and tax collection, the recovery is not so clear"". Mr. Lacoste forecasts 2.5% economic growth this year and a fiscal deficit of $5.5 billion to $6 billion. </s>"
332,"<s>[INST]  Mr. Lacoste forecasts 2.5% economic growth this year and a [/INST]  fiscal deficit of $5.5 billion to $6 billion. While the size of yesterday's issue reflects rising confidence, Argentina's overall debt levels continue to scare some investors, and there are long-term concerns about the country's competitiveness, especially compared with that of Brazil, which devalued its currency a year ago. Mr. de la Rua is now launching a series of labor-reform proposals to reduce costs for local industries. </s>"
333,"<s>[INST] Mr. Lacoste, who is also head of a Buenos Aires economics firm that bears his name, argues that ""if you look at leading indicators such as bank credit, supermarket sales and tax collection, the recovery is not so clear"".  Mr. Lacoste forecasts 2.5% economic growth this year and a [/INST]  fiscal deficit of $5.5 billion to $6 billion. While the size of yesterday's issue reflects rising confidence, Argentina's overall debt levels continue to scare some investors, and there are long-term concerns about the country's competitiveness, especially compared with that of Brazil, which devalued its currency a year ago. </s>"
334,"<s>[INST]  While the size of yesterday's issue reflects rising confidence, Argentina's overall debt levels continue to scare some investors, and there are [/INST]  long-term concerns about the country's competitiveness, especially compared with that of Brazil, which devalued its currency a year ago. Mr. de la Rua is now launching a series of labor-reform proposals to reduce costs for local industries. The finance ministry has been testing market demand with a number of issues, but yesterday's new bond was the largest since the country sold some $2 billion in new debt in 1997. </s>"
335,"<s>[INST] Mr. Lacoste forecasts 2.5% economic growth this year and a fiscal deficit of $5.5 billion to $6 billion.  While the size of yesterday's issue reflects rising confidence, Argentina's overall debt levels continue to scare some investors, and there are [/INST]  long-term concerns about the country's competitiveness, especially compared with that of Brazil, which devalued its currency a year ago. Mr. de la Rua is now launching a series of labor-reform proposals to reduce costs for local industries. </s>"
336,"<s>[INST]  Mr. de la Rua is now launching a series of [/INST]  labor-reform proposals to reduce costs for local industries. The finance ministry has been testing market demand with a number of issues, but yesterday's new bond was the largest since the country sold some $2 billion in new debt in 1997. Julio Dreizzen, Argentina's undersecretary of finance, said that with yesterday's bond the government will have accomplished nearly 20% of its financing needs for this year, with various issues totaling more than $3 billion. </s>"
337,"<s>[INST] While the size of yesterday's issue reflects rising confidence, Argentina's overall debt levels continue to scare some investors, and there are long-term concerns about the country's competitiveness, especially compared with that of Brazil, which devalued its currency a year ago.  Mr. de la Rua is now launching a series of [/INST]  labor-reform proposals to reduce costs for local industries. The finance ministry has been testing market demand with a number of issues, but yesterday's new bond was the largest since the country sold some $2 billion in new debt in 1997. </s>"
338,"<s>[INST]  The finance ministry has been testing market demand with a number of issues, but yesterday's new bond [/INST]  was the largest since the country sold some $2 billion in new debt in 1997. Julio Dreizzen, Argentina's undersecretary of finance, said that with yesterday's bond the government will have accomplished nearly 20% of its financing needs for this year, with various issues totaling more than $3 billion. Credit: Staff Reporter of The Wall Street Journal </s>"
339,"<s>[INST] Mr. de la Rua is now launching a series of labor-reform proposals to reduce costs for local industries.  The finance ministry has been testing market demand with a number of issues, but yesterday's new bond [/INST]  was the largest since the country sold some $2 billion in new debt in 1997. Julio Dreizzen, Argentina's undersecretary of finance, said that with yesterday's bond the government will have accomplished nearly 20% of its financing needs for this year, with various issues totaling more than $3 billion. </s>"
340,"<s>[INST]  accountid=28034 Abstract: Though pleased by the jumbo package, foreign investors were quick to note [/INST]  that Argentina's problems extend beyond its total debt of some $120 billion. They say the country's foremost need is to get the economy growing again after two years of recession. Reflecting this ambivalence, Argentina's battered stock and bond markets barely budged in the wake of the announcement. </s>"
341,"<s>[INST] proquest.com/docview/398718388?  accountid=28034 Abstract: Though pleased by the jumbo package, foreign investors were quick to note [/INST]  that Argentina's problems extend beyond its total debt of some $120 billion. They say the country's foremost need is to get the economy growing again after two years of recession. </s>"
342,"<s>[INST]  They say the country's foremost need is to get the [/INST]  economy growing again after two years of recession. Reflecting this ambivalence, Argentina's battered stock and bond markets barely budged in the wake of the announcement. Argentina has faced a raft of economic problems, including concern about a slowing U.S. economy, which analysts say makes U.S. investors warier of sending their money abroad. </s>"
343,"<s>[INST] accountid=28034  Abstract: Though pleased by the jumbo package, foreign investors were quick to note that Argentina's problems extend beyond its total debt of some $120 billion.  They say the country's foremost need is to get the [/INST]  economy growing again after two years of recession. Reflecting this ambivalence, Argentina's battered stock and bond markets barely budged in the wake of the announcement. </s>"
344,"<s>[INST]  Reflecting this ambivalence, Argentina's battered stock and bond markets [/INST]  barely budged in the wake of the announcement. Argentina has faced a raft of economic problems, including concern about a slowing U.S. economy, which analysts say makes U.S. investors warier of sending their money abroad. And the country remains hard hit by last year's currency devaluation in Brazil; the devaluation prompted many Argentine manufacturers to shift production to its neighbor. </s>"
345,"<s>[INST] They say the country's foremost need is to get the economy growing again after two years of recession.  Reflecting this ambivalence, Argentina's battered stock and bond markets [/INST]  barely budged in the wake of the announcement. Argentina has faced a raft of economic problems, including concern about a slowing U.S. economy, which analysts say makes U.S. investors warier of sending their money abroad. </s>"
346,"<s>[INST]  Argentina has faced a raft of economic problems, including concern about a slowing U.S. [/INST]  economy, which analysts say makes U.S. investors warier of sending their money abroad. And the country remains hard hit by last year's currency devaluation in Brazil; the devaluation prompted many Argentine manufacturers to shift production to its neighbor. Further, through Argentina's convertibility system, the country's currency is fixed to the U.S. dollar, and most of Argentina's exports have become less competitive because of the dollar's strength. </s>"
347,"<s>[INST] Reflecting this ambivalence, Argentina's battered stock and bond markets barely budged in the wake of the announcement.  Argentina has faced a raft of economic problems, including concern about a slowing U.S. [/INST]  economy, which analysts say makes U.S. investors warier of sending their money abroad. And the country remains hard hit by last year's currency devaluation in Brazil; the devaluation prompted many Argentine manufacturers to shift production to its neighbor. </s>"
348,"<s>[INST]  And the country remains hard hit by last year's currency devaluation in Brazil; [/INST]  the devaluation prompted many Argentine manufacturers to shift production to its neighbor. Further, through Argentina's convertibility system, the country's currency is fixed to the U.S. dollar, and most of Argentina's exports have become less competitive because of the dollar's strength. In Washington, Treasury Secretary Lawrence Summers underscored the importance of these domestic policies to Argentina's recovery. </s>"
349,"<s>[INST] Argentina has faced a raft of economic problems, including concern about a slowing U.S. economy, which analysts say makes U.S. investors warier of sending their money abroad.  And the country remains hard hit by last year's currency devaluation in Brazil; [/INST]  the devaluation prompted many Argentine manufacturers to shift production to its neighbor. Further, through Argentina's convertibility system, the country's currency is fixed to the U.S. dollar, and most of Argentina's exports have become less competitive because of the dollar's strength. </s>"
350,"<s>[INST]  Further, through Argentina's convertibility system, the country's currency is fixed to the U.S. dollar, and [/INST]  most of Argentina's exports have become less competitive because of the dollar's strength. In Washington, Treasury Secretary Lawrence Summers underscored the importance of these domestic policies to Argentina's recovery. ""We encourage the government of Argentina to fully implement its enhanced commitments under the new program, which will help position Argentina for a restoration of confidence and renewed growth"". </s>"
351,"<s>[INST] And the country remains hard hit by last year's currency devaluation in Brazil; the devaluation prompted many Argentine manufacturers to shift production to its neighbor.  Further, through Argentina's convertibility system, the country's currency is fixed to the U.S. dollar, and [/INST]  most of Argentina's exports have become less competitive because of the dollar's strength. In Washington, Treasury Secretary Lawrence Summers underscored the importance of these domestic policies to Argentina's recovery. </s>"
352,"<s>[INST]  In Washington, Treasury Secretary Lawrence Summers underscored the importance [/INST]  of these domestic policies to Argentina's recovery. ""We encourage the government of Argentina to fully implement its enhanced commitments under the new program, which will help position Argentina for a restoration of confidence and renewed growth"". Full text: BUENOS AIRES -- Argentina unveiled a $39.7 billion package of emergency credits from the International Monetary Fund and other lenders that should help it avoid a short-term-debt crisis, but it isn't clear whether the bailout will help revive Argentina's stagnant economy. </s>"
353,"<s>[INST] Further, through Argentina's convertibility system, the country's currency is fixed to the U.S. dollar, and most of Argentina's exports have become less competitive because of the dollar's strength.  In Washington, Treasury Secretary Lawrence Summers underscored the importance [/INST]  of these domestic policies to Argentina's recovery. ""We encourage the government of Argentina to fully implement its enhanced commitments under the new program, which will help position Argentina for a restoration of confidence and renewed growth"". </s>"
354,"<s>[INST]  ""We encourage the government of Argentina to fully implement its enhanced commitments under the new [/INST]  program, which will help position Argentina for a restoration of confidence and renewed growth"". Full text: BUENOS AIRES -- Argentina unveiled a $39.7 billion package of emergency credits from the International Monetary Fund and other lenders that should help it avoid a short-term-debt crisis, but it isn't clear whether the bailout will help revive Argentina's stagnant economy. The size of the package, frantically assembled to help the government meet a flood of coming debt payments, substantially exceeded market expectations. </s>"
355,"<s>[INST] In Washington, Treasury Secretary Lawrence Summers underscored the importance of these domestic policies to Argentina's recovery.  ""We encourage the government of Argentina to fully implement its enhanced commitments under the new [/INST]  program, which will help position Argentina for a restoration of confidence and renewed growth"". Full text: BUENOS AIRES -- Argentina unveiled a $39.7 billion package of emergency credits from the International Monetary Fund and other lenders that should help it avoid a short-term-debt crisis, but it isn't clear whether the bailout will help revive Argentina's stagnant economy. </s>"
356,"<s>[INST]  Full text: BUENOS AIRES -- Argentina unveiled a $39.7 billion package of emergency credits from the International Monetary Fund and other lenders [/INST]  that should help it avoid a short-term-debt crisis, but it isn't clear whether the bailout will help revive Argentina's stagnant economy. The size of the package, frantically assembled to help the government meet a flood of coming debt payments, substantially exceeded market expectations. Analysts said the amount of money committed to Argentina reflected the IMF's concern that a debt default by the nation could trigger a crisis in other emerging markets. </s>"
357,"<s>[INST] ""We encourage the government of Argentina to fully implement its enhanced commitments under the new program, which will help position Argentina for a restoration of confidence and renewed growth"".  Full text: BUENOS AIRES -- Argentina unveiled a $39.7 billion package of emergency credits from the International Monetary Fund and other lenders [/INST]  that should help it avoid a short-term-debt crisis, but it isn't clear whether the bailout will help revive Argentina's stagnant economy. The size of the package, frantically assembled to help the government meet a flood of coming debt payments, substantially exceeded market expectations. </s>"
358,"<s>[INST]  The size of the package, frantically assembled to help the government meet [/INST]  a flood of coming debt payments, substantially exceeded market expectations. Analysts said the amount of money committed to Argentina reflected the IMF's concern that a debt default by the nation could trigger a crisis in other emerging markets. President Fernando de la Rua, his popularity flagging with the nation's fortunes, tried to whip up enthusiasm for the package. </s>"
359,"<s>[INST] Full text: BUENOS AIRES -- Argentina unveiled a $39.7 billion package of emergency credits from the International Monetary Fund and other lenders that should help it avoid a short-term-debt crisis, but it isn't clear whether the bailout will help revive Argentina's stagnant economy.  The size of the package, frantically assembled to help the government meet [/INST]  a flood of coming debt payments, substantially exceeded market expectations. Analysts said the amount of money committed to Argentina reflected the IMF's concern that a debt default by the nation could trigger a crisis in other emerging markets. </s>"
360,"<s>[INST]  Analysts said the amount of money committed to Argentina reflected the IMF's concern that a [/INST]  debt default by the nation could trigger a crisis in other emerging markets. President Fernando de la Rua, his popularity flagging with the nation's fortunes, tried to whip up enthusiasm for the package. ""This eliminates any doubts about the Argentine economy,"" he said at a ceremony to announce the deal. </s>"
361,"<s>[INST] The size of the package, frantically assembled to help the government meet a flood of coming debt payments, substantially exceeded market expectations.  Analysts said the amount of money committed to Argentina reflected the IMF's concern that a [/INST]  debt default by the nation could trigger a crisis in other emerging markets. President Fernando de la Rua, his popularity flagging with the nation's fortunes, tried to whip up enthusiasm for the package. </s>"
362,"<s>[INST]  President Fernando de la Rua, his popularity flagging with the nation's [/INST]  fortunes, tried to whip up enthusiasm for the package. ""This eliminates any doubts about the Argentine economy,"" he said at a ceremony to announce the deal. ""Argentina is not condemned to economic stagnation"". </s>"
363,"<s>[INST] Analysts said the amount of money committed to Argentina reflected the IMF's concern that a debt default by the nation could trigger a crisis in other emerging markets.  President Fernando de la Rua, his popularity flagging with the nation's [/INST]  fortunes, tried to whip up enthusiasm for the package. ""This eliminates any doubts about the Argentine economy,"" he said at a ceremony to announce the deal. </s>"
364,"<s>[INST]  ""This eliminates any doubts about the Argentine economy,"" he [/INST]  said at a ceremony to announce the deal. ""Argentina is not condemned to economic stagnation"". The government said the amalgam of loans and debt swaps will cover most government debt payments through 2003. </s>"
365,"<s>[INST] President Fernando de la Rua, his popularity flagging with the nation's fortunes, tried to whip up enthusiasm for the package.  ""This eliminates any doubts about the Argentine economy,"" he [/INST]  said at a ceremony to announce the deal. ""Argentina is not condemned to economic stagnation"". </s>"
366,"<s>[INST]  The government said the amalgam of loans and debt swaps [/INST]  will cover most government debt payments through 2003. Though pleased by the jumbo package, foreign investors were quick to note that Argentina's problems extend beyond its total debt of some $120 billion. They say the country's foremost need is to get the economy growing again after two years of recession. </s>"
367,"<s>[INST] ""Argentina is not condemned to economic stagnation"".  The government said the amalgam of loans and debt swaps [/INST]  will cover most government debt payments through 2003. Though pleased by the jumbo package, foreign investors were quick to note that Argentina's problems extend beyond its total debt of some $120 billion. </s>"
368,"<s>[INST]  Though pleased by the jumbo package, foreign investors were quick to note that [/INST]  Argentina's problems extend beyond its total debt of some $120 billion. They say the country's foremost need is to get the economy growing again after two years of recession. Reflecting this ambivalence, Argentina's battered stock and bond markets barely budged in the wake of the announcement. </s>"
369,"<s>[INST] The government said the amalgam of loans and debt swaps will cover most government debt payments through 2003.  Though pleased by the jumbo package, foreign investors were quick to note that [/INST]  Argentina's problems extend beyond its total debt of some $120 billion. They say the country's foremost need is to get the economy growing again after two years of recession. </s>"
370,"<s>[INST]  They say the country's foremost need is to get the [/INST]  economy growing again after two years of recession. Reflecting this ambivalence, Argentina's battered stock and bond markets barely budged in the wake of the announcement. Argentina has faced a raft of economic problems, including concern about a slowing U.S. economy, which analysts say makes U.S. investors warier of sending their money abroad. </s>"
371,"<s>[INST] Though pleased by the jumbo package, foreign investors were quick to note that Argentina's problems extend beyond its total debt of some $120 billion.  They say the country's foremost need is to get the [/INST]  economy growing again after two years of recession. Reflecting this ambivalence, Argentina's battered stock and bond markets barely budged in the wake of the announcement. </s>"
372,"<s>[INST]  Reflecting this ambivalence, Argentina's battered stock and bond markets [/INST]  barely budged in the wake of the announcement. Argentina has faced a raft of economic problems, including concern about a slowing U.S. economy, which analysts say makes U.S. investors warier of sending their money abroad. And the country remains hard hit by last year's currency devaluation in Brazil; the devaluation prompted many Argentine manufacturers to shift production to its neighbor. </s>"
373,"<s>[INST] They say the country's foremost need is to get the economy growing again after two years of recession.  Reflecting this ambivalence, Argentina's battered stock and bond markets [/INST]  barely budged in the wake of the announcement. Argentina has faced a raft of economic problems, including concern about a slowing U.S. economy, which analysts say makes U.S. investors warier of sending their money abroad. </s>"
374,"<s>[INST]  Argentina has faced a raft of economic problems, including concern about a slowing U.S. [/INST]  economy, which analysts say makes U.S. investors warier of sending their money abroad. And the country remains hard hit by last year's currency devaluation in Brazil; the devaluation prompted many Argentine manufacturers to shift production to its neighbor. Further, through Argentina's convertibility system, the country's currency is fixed to the U.S. dollar, and most of Argentina's exports have become less competitive because of the dollar's strength. </s>"
375,"<s>[INST] Reflecting this ambivalence, Argentina's battered stock and bond markets barely budged in the wake of the announcement.  Argentina has faced a raft of economic problems, including concern about a slowing U.S. [/INST]  economy, which analysts say makes U.S. investors warier of sending their money abroad. And the country remains hard hit by last year's currency devaluation in Brazil; the devaluation prompted many Argentine manufacturers to shift production to its neighbor. </s>"
376,"<s>[INST]  And the country remains hard hit by last year's currency devaluation in Brazil; [/INST]  the devaluation prompted many Argentine manufacturers to shift production to its neighbor. Further, through Argentina's convertibility system, the country's currency is fixed to the U.S. dollar, and most of Argentina's exports have become less competitive because of the dollar's strength. Government officials envision a scenario in which the aid package allows Argentina to lower domestic interest rates, now about 15%, triggering a surge of new investment to fire up the economy. </s>"
377,"<s>[INST] Argentina has faced a raft of economic problems, including concern about a slowing U.S. economy, which analysts say makes U.S. investors warier of sending their money abroad.  And the country remains hard hit by last year's currency devaluation in Brazil; [/INST]  the devaluation prompted many Argentine manufacturers to shift production to its neighbor. Further, through Argentina's convertibility system, the country's currency is fixed to the U.S. dollar, and most of Argentina's exports have become less competitive because of the dollar's strength. </s>"
378,"<s>[INST]  Further, through Argentina's convertibility system, the country's currency is fixed to the U.S. dollar, and [/INST]  most of Argentina's exports have become less competitive because of the dollar's strength. Government officials envision a scenario in which the aid package allows Argentina to lower domestic interest rates, now about 15%, triggering a surge of new investment to fire up the economy. That prediction is backed up by some local economists, who predict rates could fall to 10% within a month. </s>"
379,"<s>[INST] And the country remains hard hit by last year's currency devaluation in Brazil; the devaluation prompted many Argentine manufacturers to shift production to its neighbor.  Further, through Argentina's convertibility system, the country's currency is fixed to the U.S. dollar, and [/INST]  most of Argentina's exports have become less competitive because of the dollar's strength. Government officials envision a scenario in which the aid package allows Argentina to lower domestic interest rates, now about 15%, triggering a surge of new investment to fire up the economy. </s>"
380,"<s>[INST]  Government officials envision a scenario in which the aid package allows Argentina to lower domestic interest [/INST]  rates, now about 15%, triggering a surge of new investment to fire up the economy. That prediction is backed up by some local economists, who predict rates could fall to 10% within a month. ""To the extent that this [package] makes us less vulnerable, investors will feel more inclined to make their own investments,"" said Argentine Finance Secretary Daniel Marx. </s>"
381,"<s>[INST] Further, through Argentina's convertibility system, the country's currency is fixed to the U.S. dollar, and most of Argentina's exports have become less competitive because of the dollar's strength.  Government officials envision a scenario in which the aid package allows Argentina to lower domestic interest [/INST]  rates, now about 15%, triggering a surge of new investment to fire up the economy. That prediction is backed up by some local economists, who predict rates could fall to 10% within a month. </s>"
382,"<s>[INST]  That prediction is backed up by some local economists, who [/INST]  predict rates could fall to 10% within a month. ""To the extent that this [package] makes us less vulnerable, investors will feel more inclined to make their own investments,"" said Argentine Finance Secretary Daniel Marx. The IMF said it will boost Argentina's existing standby loan to $11 billion from $7.2 billion and provide the government with an additional $2.7 billion under the so-called Supplemental Reserve Facility. </s>"
383,"<s>[INST] Government officials envision a scenario in which the aid package allows Argentina to lower domestic interest rates, now about 15%, triggering a surge of new investment to fire up the economy.  That prediction is backed up by some local economists, who [/INST]  predict rates could fall to 10% within a month. ""To the extent that this [package] makes us less vulnerable, investors will feel more inclined to make their own investments,"" said Argentine Finance Secretary Daniel Marx. </s>"
384,"<s>[INST]  ""To the extent that this [package] makes us less vulnerable, investors will feel more [/INST]  inclined to make their own investments,"" said Argentine Finance Secretary Daniel Marx. The IMF said it will boost Argentina's existing standby loan to $11 billion from $7.2 billion and provide the government with an additional $2.7 billion under the so-called Supplemental Reserve Facility. The IMF portion of the package requires approval by the fund's board, expected next month. </s>"
385,"<s>[INST] That prediction is backed up by some local economists, who predict rates could fall to 10% within a month.  ""To the extent that this [package] makes us less vulnerable, investors will feel more [/INST]  inclined to make their own investments,"" said Argentine Finance Secretary Daniel Marx. The IMF said it will boost Argentina's existing standby loan to $11 billion from $7.2 billion and provide the government with an additional $2.7 billion under the so-called Supplemental Reserve Facility. </s>"
386,"<s>[INST]  The IMF said it will boost Argentina's existing standby loan to $11 billion from $7.2 billion [/INST]  and provide the government with an additional $2.7 billion under the so-called Supplemental Reserve Facility. The IMF portion of the package requires approval by the fund's board, expected next month. The package also includes $2.5 billion each from the Inter-American Development Bank and the World Bank, $1 billion from the government of Spain and $3 billion from Argentine institutional investors. </s>"
387,"<s>[INST] ""To the extent that this [package] makes us less vulnerable, investors will feel more inclined to make their own investments,"" said Argentine Finance Secretary Daniel Marx.  The IMF said it will boost Argentina's existing standby loan to $11 billion from $7.2 billion [/INST]  and provide the government with an additional $2.7 billion under the so-called Supplemental Reserve Facility. The IMF portion of the package requires approval by the fund's board, expected next month. </s>"
388,"<s>[INST]  The IMF portion of the package requires approval [/INST]  by the fund's board, expected next month. The package also includes $2.5 billion each from the Inter-American Development Bank and the World Bank, $1 billion from the government of Spain and $3 billion from Argentine institutional investors. Private investors are making a significant contribution to the package, with $7 billion in debt swaps and $10 billion in new loans from ""local market makers"". </s>"
389,"<s>[INST] The IMF said it will boost Argentina's existing standby loan to $11 billion from $7.2 billion and provide the government with an additional $2.7 billion under the so-called Supplemental Reserve Facility.  The IMF portion of the package requires approval [/INST]  by the fund's board, expected next month. The package also includes $2.5 billion each from the Inter-American Development Bank and the World Bank, $1 billion from the government of Spain and $3 billion from Argentine institutional investors. </s>"
390,"<s>[INST]  The package also includes $2.5 billion each from the Inter-American Development Bank and the World Bank, [/INST]  $1 billion from the government of Spain and $3 billion from Argentine institutional investors. Private investors are making a significant contribution to the package, with $7 billion in debt swaps and $10 billion in new loans from ""local market makers"". Gustavo Canonero, head of Argentine research at Deutsche Bank, says the government still needs to cut public spending related to its union-dominated health care program and its social security program. </s>"
391,"<s>[INST] The IMF portion of the package requires approval by the fund's board, expected next month.  The package also includes $2.5 billion each from the Inter-American Development Bank and the World Bank, [/INST]  $1 billion from the government of Spain and $3 billion from Argentine institutional investors. Private investors are making a significant contribution to the package, with $7 billion in debt swaps and $10 billion in new loans from ""local market makers"". </s>"
392,"<s>[INST]  Private investors are making a significant contribution to the package, with $7 billion in [/INST]  debt swaps and $10 billion in new loans from ""local market makers"". Gustavo Canonero, head of Argentine research at Deutsche Bank, says the government still needs to cut public spending related to its union-dominated health care program and its social security program. These continuing reforms, as well as the government's ability to stick to existing spending cuts and other measures, will be key to maintaining confidence over the long term, he said. </s>"
393,"<s>[INST] The package also includes $2.5 billion each from the Inter-American Development Bank and the World Bank, $1 billion from the government of Spain and $3 billion from Argentine institutional investors.  Private investors are making a significant contribution to the package, with $7 billion in [/INST]  debt swaps and $10 billion in new loans from ""local market makers"". Gustavo Canonero, head of Argentine research at Deutsche Bank, says the government still needs to cut public spending related to its union-dominated health care program and its social security program. </s>"
394,"<s>[INST]  Gustavo Canonero, head of Argentine research at Deutsche Bank, says the government still needs to cut [/INST]  public spending related to its union-dominated health care program and its social security program. These continuing reforms, as well as the government's ability to stick to existing spending cuts and other measures, will be key to maintaining confidence over the long term, he said. In Washington, Treasury Secretary Lawrence Summers underscored the importance of these domestic policies to Argentina's recovery. </s>"
395,"<s>[INST] Private investors are making a significant contribution to the package, with $7 billion in debt swaps and $10 billion in new loans from ""local market makers"".  Gustavo Canonero, head of Argentine research at Deutsche Bank, says the government still needs to cut [/INST]  public spending related to its union-dominated health care program and its social security program. These continuing reforms, as well as the government's ability to stick to existing spending cuts and other measures, will be key to maintaining confidence over the long term, he said. </s>"
396,"<s>[INST]  These continuing reforms, as well as the government's ability to stick to existing spending cuts and [/INST]  other measures, will be key to maintaining confidence over the long term, he said. In Washington, Treasury Secretary Lawrence Summers underscored the importance of these domestic policies to Argentina's recovery. ""We encourage the government of Argentina to fully implement its enhanced commitments under the new program, which will help position Argentina for a restoration of confidence and renewed growth"". </s>"
397,"<s>[INST] Gustavo Canonero, head of Argentine research at Deutsche Bank, says the government still needs to cut public spending related to its union-dominated health care program and its social security program.  These continuing reforms, as well as the government's ability to stick to existing spending cuts and [/INST]  other measures, will be key to maintaining confidence over the long term, he said. In Washington, Treasury Secretary Lawrence Summers underscored the importance of these domestic policies to Argentina's recovery. </s>"
398,"<s>[INST]  In Washington, Treasury Secretary Lawrence Summers underscored the importance [/INST]  of these domestic policies to Argentina's recovery. ""We encourage the government of Argentina to fully implement its enhanced commitments under the new program, which will help position Argentina for a restoration of confidence and renewed growth"". Credit: Staff Reporter of The Wall Street Journal </s>"
399,"<s>[INST] These continuing reforms, as well as the government's ability to stick to existing spending cuts and other measures, will be key to maintaining confidence over the long term, he said.  In Washington, Treasury Secretary Lawrence Summers underscored the importance [/INST]  of these domestic policies to Argentina's recovery. ""We encourage the government of Argentina to fully implement its enhanced commitments under the new program, which will help position Argentina for a restoration of confidence and renewed growth"". </s>"
400,"<s>[INST]  accountid=28034 Abstract: The stolid style of Mr. [Jose Luis Machinea],, a career academic and central-bank bureaucrat, [/INST]  has become a stumbling block for Argentina as it fights off a fierce financial crisis. Even though Mr. Machinea seems on the verge of cobbling together a package of economic reforms, along with emergency loans from the International Monetary Fund, many foreign observers say they lack confidence in him. ""One of his biggest weaknesses is the communications front,"" says Walter Molano, head of research at BCP Securities Inc. The international spotlight fell on Argentina and Mr. Machinea in October, when a corruption scandal prompted the resignation of Argentina's vice president. </s>"
401,"<s>[INST] proquest.com/docview/398903742?  accountid=28034 Abstract: The stolid style of Mr. [Jose Luis Machinea],, a career academic and central-bank bureaucrat, [/INST]  has become a stumbling block for Argentina as it fights off a fierce financial crisis. Even though Mr. Machinea seems on the verge of cobbling together a package of economic reforms, along with emergency loans from the International Monetary Fund, many foreign observers say they lack confidence in him. </s>"
402,"<s>[INST]  Even though Mr. Machinea seems on the verge of cobbling together a package of economic reforms, along with [/INST]  emergency loans from the International Monetary Fund, many foreign observers say they lack confidence in him. ""One of his biggest weaknesses is the communications front,"" says Walter Molano, head of research at BCP Securities Inc. The international spotlight fell on Argentina and Mr. Machinea in October, when a corruption scandal prompted the resignation of Argentina's vice president. With a recession already in full force, investors began to grow nervous over Argentina's $19.5 billion debt bill for 2001, and in a matter of weeks Argentina was priced out of the international bond markets. </s>"
403,"<s>[INST] accountid=28034  Abstract: The stolid style of Mr. [Jose Luis Machinea],, a career academic and central-bank bureaucrat, has become a stumbling block for Argentina as it fights off a fierce financial crisis.  Even though Mr. Machinea seems on the verge of cobbling together a package of economic reforms, along with [/INST]  emergency loans from the International Monetary Fund, many foreign observers say they lack confidence in him. ""One of his biggest weaknesses is the communications front,"" says Walter Molano, head of research at BCP Securities Inc. The international spotlight fell on Argentina and Mr. Machinea in October, when a corruption scandal prompted the resignation of Argentina's vice president. </s>"
404,"<s>[INST]  ""One of his biggest weaknesses is the communications front,"" says Walter Molano, head of research at BCP Securities Inc. The international [/INST]  spotlight fell on Argentina and Mr. Machinea in October, when a corruption scandal prompted the resignation of Argentina's vice president. With a recession already in full force, investors began to grow nervous over Argentina's $19.5 billion debt bill for 2001, and in a matter of weeks Argentina was priced out of the international bond markets. As the crisis unfolded, some Wall Street traders were perturbed that Mr. Machinea dispatched his deputy to New York to talk to them, instead of immediately coming himself. </s>"
405,"<s>[INST] Even though Mr. Machinea seems on the verge of cobbling together a package of economic reforms, along with emergency loans from the International Monetary Fund, many foreign observers say they lack confidence in him.  ""One of his biggest weaknesses is the communications front,"" says Walter Molano, head of research at BCP Securities Inc. The international [/INST]  spotlight fell on Argentina and Mr. Machinea in October, when a corruption scandal prompted the resignation of Argentina's vice president. With a recession already in full force, investors began to grow nervous over Argentina's $19.5 billion debt bill for 2001, and in a matter of weeks Argentina was priced out of the international bond markets. </s>"
406,"<s>[INST]  With a recession already in full force, investors began to grow nervous over Argentina's $19.5 billion debt bill [/INST]  for 2001, and in a matter of weeks Argentina was priced out of the international bond markets. As the crisis unfolded, some Wall Street traders were perturbed that Mr. Machinea dispatched his deputy to New York to talk to them, instead of immediately coming himself. Back home, in an apparent effort to show that the government was leveling with investors, he repeatedly revised down Argentina's growth estimates. </s>"
407,"<s>[INST] ""One of his biggest weaknesses is the communications front,"" says Walter Molano, head of research at BCP Securities Inc. The international spotlight fell on Argentina and Mr. Machinea in October, when a corruption scandal prompted the resignation of Argentina's vice president.  With a recession already in full force, investors began to grow nervous over Argentina's $19.5 billion debt bill [/INST]  for 2001, and in a matter of weeks Argentina was priced out of the international bond markets. As the crisis unfolded, some Wall Street traders were perturbed that Mr. Machinea dispatched his deputy to New York to talk to them, instead of immediately coming himself. </s>"
408,"<s>[INST]  As the crisis unfolded, some Wall Street traders were perturbed that Mr. Machinea dispatched his [/INST]  deputy to New York to talk to them, instead of immediately coming himself. Back home, in an apparent effort to show that the government was leveling with investors, he repeatedly revised down Argentina's growth estimates. Last week, with the country on the verge of clinching the IMF-led package, which could total $20 billion to $30 billion, Mr. Machinea announced that gross domestic product would be flat for the fourth quarter. </s>"
409,"<s>[INST] With a recession already in full force, investors began to grow nervous over Argentina's $19.5 billion debt bill for 2001, and in a matter of weeks Argentina was priced out of the international bond markets.  As the crisis unfolded, some Wall Street traders were perturbed that Mr. Machinea dispatched his [/INST]  deputy to New York to talk to them, instead of immediately coming himself. Back home, in an apparent effort to show that the government was leveling with investors, he repeatedly revised down Argentina's growth estimates. </s>"
410,"<s>[INST]  Back home, in an apparent effort to show that the government was [/INST]  leveling with investors, he repeatedly revised down Argentina's growth estimates. Last week, with the country on the verge of clinching the IMF-led package, which could total $20 billion to $30 billion, Mr. Machinea announced that gross domestic product would be flat for the fourth quarter. ""Events of the last 45 days have deteriorated an economy that was growing very little, and it is hard to believe there will be a positive growth rate in the fourth quarter,"" he said. </s>"
411,"<s>[INST] As the crisis unfolded, some Wall Street traders were perturbed that Mr. Machinea dispatched his deputy to New York to talk to them, instead of immediately coming himself.  Back home, in an apparent effort to show that the government was [/INST]  leveling with investors, he repeatedly revised down Argentina's growth estimates. Last week, with the country on the verge of clinching the IMF-led package, which could total $20 billion to $30 billion, Mr. Machinea announced that gross domestic product would be flat for the fourth quarter. </s>"
412,"<s>[INST]  Last week, with the country on the verge of clinching the IMF-led package, which could total $20 billion [/INST]  to $30 billion, Mr. Machinea announced that gross domestic product would be flat for the fourth quarter. ""Events of the last 45 days have deteriorated an economy that was growing very little, and it is hard to believe there will be a positive growth rate in the fourth quarter,"" he said. Full text: BUENOS AIRES -- In an era when finance ministers must function as salesmen to high-powered Wall Street traders, Argentine Economy Minister Jose Luis Machinea has shown himself to be something less than the Great Communicator. </s>"
413,"<s>[INST] Back home, in an apparent effort to show that the government was leveling with investors, he repeatedly revised down Argentina's growth estimates.  Last week, with the country on the verge of clinching the IMF-led package, which could total $20 billion [/INST]  to $30 billion, Mr. Machinea announced that gross domestic product would be flat for the fourth quarter. ""Events of the last 45 days have deteriorated an economy that was growing very little, and it is hard to believe there will be a positive growth rate in the fourth quarter,"" he said. </s>"
414,"<s>[INST]  ""Events of the last 45 days have deteriorated an economy that was growing very little, and it is [/INST]  hard to believe there will be a positive growth rate in the fourth quarter,"" he said. Full text: BUENOS AIRES -- In an era when finance ministers must function as salesmen to high-powered Wall Street traders, Argentine Economy Minister Jose Luis Machinea has shown himself to be something less than the Great Communicator. The stolid style of Mr. Machinea, a career academic and central-bank bureaucrat, has become a stumbling block for Argentina as it fights off a fierce financial crisis. </s>"
415,"<s>[INST] Last week, with the country on the verge of clinching the IMF-led package, which could total $20 billion to $30 billion, Mr. Machinea announced that gross domestic product would be flat for the fourth quarter.  ""Events of the last 45 days have deteriorated an economy that was growing very little, and it is [/INST]  hard to believe there will be a positive growth rate in the fourth quarter,"" he said. Full text: BUENOS AIRES -- In an era when finance ministers must function as salesmen to high-powered Wall Street traders, Argentine Economy Minister Jose Luis Machinea has shown himself to be something less than the Great Communicator. </s>"
416,"<s>[INST]  Full text: BUENOS AIRES -- In an era when finance ministers must function as salesmen to high-powered Wall Street [/INST]  traders, Argentine Economy Minister Jose Luis Machinea has shown himself to be something less than the Great Communicator. The stolid style of Mr. Machinea, a career academic and central-bank bureaucrat, has become a stumbling block for Argentina as it fights off a fierce financial crisis. Even though Mr. Machinea seems on the verge of cobbling together a package of economic reforms, along with emergency loans from the International Monetary Fund, many foreign observers say they lack confidence in him. </s>"
417,"<s>[INST] ""Events of the last 45 days have deteriorated an economy that was growing very little, and it is hard to believe there will be a positive growth rate in the fourth quarter,"" he said.  Full text: BUENOS AIRES -- In an era when finance ministers must function as salesmen to high-powered Wall Street [/INST]  traders, Argentine Economy Minister Jose Luis Machinea has shown himself to be something less than the Great Communicator. The stolid style of Mr. Machinea, a career academic and central-bank bureaucrat, has become a stumbling block for Argentina as it fights off a fierce financial crisis. </s>"
418,"<s>[INST]  The stolid style of Mr. Machinea, a career academic and central-bank bureaucrat, has become [/INST]  a stumbling block for Argentina as it fights off a fierce financial crisis. Even though Mr. Machinea seems on the verge of cobbling together a package of economic reforms, along with emergency loans from the International Monetary Fund, many foreign observers say they lack confidence in him. ""One of his biggest weaknesses is the communications front,"" says Walter Molano, head of research at BCP Securities Inc. The international spotlight fell on Argentina and Mr. Machinea in October, when a corruption scandal prompted the resignation of Argentina's vice president. </s>"
419,"<s>[INST] Full text: BUENOS AIRES -- In an era when finance ministers must function as salesmen to high-powered Wall Street traders, Argentine Economy Minister Jose Luis Machinea has shown himself to be something less than the Great Communicator.  The stolid style of Mr. Machinea, a career academic and central-bank bureaucrat, has become [/INST]  a stumbling block for Argentina as it fights off a fierce financial crisis. Even though Mr. Machinea seems on the verge of cobbling together a package of economic reforms, along with emergency loans from the International Monetary Fund, many foreign observers say they lack confidence in him. </s>"
420,"<s>[INST]  Even though Mr. Machinea seems on the verge of cobbling together a package of economic reforms, along with [/INST]  emergency loans from the International Monetary Fund, many foreign observers say they lack confidence in him. ""One of his biggest weaknesses is the communications front,"" says Walter Molano, head of research at BCP Securities Inc. The international spotlight fell on Argentina and Mr. Machinea in October, when a corruption scandal prompted the resignation of Argentina's vice president. With a recession already in full force, investors began to grow nervous over Argentina's $19.5 billion debt bill for 2001, and in a matter of weeks Argentina was priced out of the international bond markets. </s>"
421,"<s>[INST] The stolid style of Mr. Machinea, a career academic and central-bank bureaucrat, has become a stumbling block for Argentina as it fights off a fierce financial crisis.  Even though Mr. Machinea seems on the verge of cobbling together a package of economic reforms, along with [/INST]  emergency loans from the International Monetary Fund, many foreign observers say they lack confidence in him. ""One of his biggest weaknesses is the communications front,"" says Walter Molano, head of research at BCP Securities Inc. The international spotlight fell on Argentina and Mr. Machinea in October, when a corruption scandal prompted the resignation of Argentina's vice president. </s>"
422,"<s>[INST]  ""One of his biggest weaknesses is the communications front,"" says Walter Molano, head of research at BCP Securities Inc. The international [/INST]  spotlight fell on Argentina and Mr. Machinea in October, when a corruption scandal prompted the resignation of Argentina's vice president. With a recession already in full force, investors began to grow nervous over Argentina's $19.5 billion debt bill for 2001, and in a matter of weeks Argentina was priced out of the international bond markets. As the crisis unfolded, some Wall Street traders were perturbed that Mr. Machinea dispatched his deputy to New York to talk to them, instead of immediately coming himself. </s>"
423,"<s>[INST] Even though Mr. Machinea seems on the verge of cobbling together a package of economic reforms, along with emergency loans from the International Monetary Fund, many foreign observers say they lack confidence in him.  ""One of his biggest weaknesses is the communications front,"" says Walter Molano, head of research at BCP Securities Inc. The international [/INST]  spotlight fell on Argentina and Mr. Machinea in October, when a corruption scandal prompted the resignation of Argentina's vice president. With a recession already in full force, investors began to grow nervous over Argentina's $19.5 billion debt bill for 2001, and in a matter of weeks Argentina was priced out of the international bond markets. </s>"
424,"<s>[INST]  With a recession already in full force, investors began to grow nervous over Argentina's $19.5 billion debt bill [/INST]  for 2001, and in a matter of weeks Argentina was priced out of the international bond markets. As the crisis unfolded, some Wall Street traders were perturbed that Mr. Machinea dispatched his deputy to New York to talk to them, instead of immediately coming himself. Back home, in an apparent effort to show that the government was leveling with investors, he repeatedly revised down Argentina's growth estimates. </s>"
425,"<s>[INST] ""One of his biggest weaknesses is the communications front,"" says Walter Molano, head of research at BCP Securities Inc. The international spotlight fell on Argentina and Mr. Machinea in October, when a corruption scandal prompted the resignation of Argentina's vice president.  With a recession already in full force, investors began to grow nervous over Argentina's $19.5 billion debt bill [/INST]  for 2001, and in a matter of weeks Argentina was priced out of the international bond markets. As the crisis unfolded, some Wall Street traders were perturbed that Mr. Machinea dispatched his deputy to New York to talk to them, instead of immediately coming himself. </s>"
426,"<s>[INST]  As the crisis unfolded, some Wall Street traders were perturbed that Mr. Machinea dispatched his [/INST]  deputy to New York to talk to them, instead of immediately coming himself. Back home, in an apparent effort to show that the government was leveling with investors, he repeatedly revised down Argentina's growth estimates. Last week, with the country on the verge of clinching the IMF-led package, which could total $20 billion to $30 billion, Mr. Machinea announced that gross domestic product would be flat for the fourth quarter. </s>"
427,"<s>[INST] With a recession already in full force, investors began to grow nervous over Argentina's $19.5 billion debt bill for 2001, and in a matter of weeks Argentina was priced out of the international bond markets.  As the crisis unfolded, some Wall Street traders were perturbed that Mr. Machinea dispatched his [/INST]  deputy to New York to talk to them, instead of immediately coming himself. Back home, in an apparent effort to show that the government was leveling with investors, he repeatedly revised down Argentina's growth estimates. </s>"
428,"<s>[INST]  Back home, in an apparent effort to show that the government was [/INST]  leveling with investors, he repeatedly revised down Argentina's growth estimates. Last week, with the country on the verge of clinching the IMF-led package, which could total $20 billion to $30 billion, Mr. Machinea announced that gross domestic product would be flat for the fourth quarter. ""Events of the last 45 days have deteriorated an economy that was growing very little, and it is hard to believe there will be a positive growth rate in the fourth quarter,"" he said. </s>"
429,"<s>[INST] As the crisis unfolded, some Wall Street traders were perturbed that Mr. Machinea dispatched his deputy to New York to talk to them, instead of immediately coming himself.  Back home, in an apparent effort to show that the government was [/INST]  leveling with investors, he repeatedly revised down Argentina's growth estimates. Last week, with the country on the verge of clinching the IMF-led package, which could total $20 billion to $30 billion, Mr. Machinea announced that gross domestic product would be flat for the fourth quarter. </s>"
430,"<s>[INST]  Last week, with the country on the verge of clinching the IMF-led package, which could total $20 billion [/INST]  to $30 billion, Mr. Machinea announced that gross domestic product would be flat for the fourth quarter. ""Events of the last 45 days have deteriorated an economy that was growing very little, and it is hard to believe there will be a positive growth rate in the fourth quarter,"" he said. Market watchers said the minister's repeated pessimistic comments may have been a bit too candid: ""It was a moment to try to instill confidence in Argentina,"" Mr. Molano says. </s>"
431,"<s>[INST] Back home, in an apparent effort to show that the government was leveling with investors, he repeatedly revised down Argentina's growth estimates.  Last week, with the country on the verge of clinching the IMF-led package, which could total $20 billion [/INST]  to $30 billion, Mr. Machinea announced that gross domestic product would be flat for the fourth quarter. ""Events of the last 45 days have deteriorated an economy that was growing very little, and it is hard to believe there will be a positive growth rate in the fourth quarter,"" he said. </s>"
432,"<s>[INST]  ""Events of the last 45 days have deteriorated an economy that was growing very little, and it is [/INST]  hard to believe there will be a positive growth rate in the fourth quarter,"" he said. Market watchers said the minister's repeated pessimistic comments may have been a bit too candid: ""It was a moment to try to instill confidence in Argentina,"" Mr. Molano says. ""It was perhaps a moment where honesty was not the best policy"". </s>"
433,"<s>[INST] Last week, with the country on the verge of clinching the IMF-led package, which could total $20 billion to $30 billion, Mr. Machinea announced that gross domestic product would be flat for the fourth quarter.  ""Events of the last 45 days have deteriorated an economy that was growing very little, and it is [/INST]  hard to believe there will be a positive growth rate in the fourth quarter,"" he said. Market watchers said the minister's repeated pessimistic comments may have been a bit too candid: ""It was a moment to try to instill confidence in Argentina,"" Mr. Molano says. </s>"
434,"<s>[INST]  Market watchers said the minister's repeated pessimistic comments may have been a bit too candid: [/INST]  ""It was a moment to try to instill confidence in Argentina,"" Mr. Molano says. ""It was perhaps a moment where honesty was not the best policy"". Mr. Machinea's partisans say he is much more at ease operating in the back rooms of Argentina's political system. </s>"
435,"<s>[INST] ""Events of the last 45 days have deteriorated an economy that was growing very little, and it is hard to believe there will be a positive growth rate in the fourth quarter,"" he said.  Market watchers said the minister's repeated pessimistic comments may have been a bit too candid: [/INST]  ""It was a moment to try to instill confidence in Argentina,"" Mr. Molano says. ""It was perhaps a moment where honesty was not the best policy"". </s>"
436,"<s>[INST]  ""It was perhaps a moment where honesty [/INST]  was not the best policy"". Mr. Machinea's partisans say he is much more at ease operating in the back rooms of Argentina's political system. Thanks to his arm-twisting, the 2001 budget was approved by the Senate last week and is expected to clear the lower house in the next few days, opening the way for the IMF aid package. </s>"
437,"<s>[INST] Market watchers said the minister's repeated pessimistic comments may have been a bit too candid: ""It was a moment to try to instill confidence in Argentina,"" Mr. Molano says.  ""It was perhaps a moment where honesty [/INST]  was not the best policy"". Mr. Machinea's partisans say he is much more at ease operating in the back rooms of Argentina's political system. </s>"
438,"<s>[INST]  Mr. Machinea's partisans say he is much more at ease [/INST]  operating in the back rooms of Argentina's political system. Thanks to his arm-twisting, the 2001 budget was approved by the Senate last week and is expected to clear the lower house in the next few days, opening the way for the IMF aid package. Still, many emerging-market traders compare Mr. Machinea unfavorably to Brazilian Central Bank governor Arminio Fraga, a former fund manager for billionaire investor George Soros. </s>"
439,"<s>[INST] ""It was perhaps a moment where honesty was not the best policy"".  Mr. Machinea's partisans say he is much more at ease [/INST]  operating in the back rooms of Argentina's political system. Thanks to his arm-twisting, the 2001 budget was approved by the Senate last week and is expected to clear the lower house in the next few days, opening the way for the IMF aid package. </s>"
440,"<s>[INST]  Thanks to his arm-twisting, the 2001 budget was approved by the Senate last week and is expected to [/INST]  clear the lower house in the next few days, opening the way for the IMF aid package. Still, many emerging-market traders compare Mr. Machinea unfavorably to Brazilian Central Bank governor Arminio Fraga, a former fund manager for billionaire investor George Soros. The Argentina economy minister worked his way up the Argentine bureaucracy rather than being groomed in the culture of high finance at an investment firm or a multilateral agency in Washington. </s>"
441,"<s>[INST] Mr. Machinea's partisans say he is much more at ease operating in the back rooms of Argentina's political system.  Thanks to his arm-twisting, the 2001 budget was approved by the Senate last week and is expected to [/INST]  clear the lower house in the next few days, opening the way for the IMF aid package. Still, many emerging-market traders compare Mr. Machinea unfavorably to Brazilian Central Bank governor Arminio Fraga, a former fund manager for billionaire investor George Soros. </s>"
442,"<s>[INST]  Still, many emerging-market traders compare Mr. Machinea unfavorably to Brazilian Central Bank governor [/INST]  Arminio Fraga, a former fund manager for billionaire investor George Soros. The Argentina economy minister worked his way up the Argentine bureaucracy rather than being groomed in the culture of high finance at an investment firm or a multilateral agency in Washington. The 54-year-old spent much of his career rising through the ranks of Argentina's Central Bank or teaching graduate-school courses in macroeconomics. </s>"
443,"<s>[INST] Thanks to his arm-twisting, the 2001 budget was approved by the Senate last week and is expected to clear the lower house in the next few days, opening the way for the IMF aid package.  Still, many emerging-market traders compare Mr. Machinea unfavorably to Brazilian Central Bank governor [/INST]  Arminio Fraga, a former fund manager for billionaire investor George Soros. The Argentina economy minister worked his way up the Argentine bureaucracy rather than being groomed in the culture of high finance at an investment firm or a multilateral agency in Washington. </s>"
444,"<s>[INST]  The Argentina economy minister worked his way up the Argentine bureaucracy rather than being groomed in [/INST]  the culture of high finance at an investment firm or a multilateral agency in Washington. The 54-year-old spent much of his career rising through the ranks of Argentina's Central Bank or teaching graduate-school courses in macroeconomics. Though he holds an economics doctorate from the University of Minnesota, his spoken English lacks the polish that often puts foreign investors at ease. </s>"
445,"<s>[INST] Still, many emerging-market traders compare Mr. Machinea unfavorably to Brazilian Central Bank governor Arminio Fraga, a former fund manager for billionaire investor George Soros.  The Argentina economy minister worked his way up the Argentine bureaucracy rather than being groomed in [/INST]  the culture of high finance at an investment firm or a multilateral agency in Washington. The 54-year-old spent much of his career rising through the ranks of Argentina's Central Bank or teaching graduate-school courses in macroeconomics. </s>"
446,"<s>[INST]  The 54-year-old spent much of his career rising through the ranks [/INST]  of Argentina's Central Bank or teaching graduate-school courses in macroeconomics. Though he holds an economics doctorate from the University of Minnesota, his spoken English lacks the polish that often puts foreign investors at ease. ""They just do not come in and take the room by storm,"" says a New York stock strategist who has met Mr. Machinea and his team a half-dozen times since they took office late last year under President Fernando De la Rua. </s>"
447,"<s>[INST] The Argentina economy minister worked his way up the Argentine bureaucracy rather than being groomed in the culture of high finance at an investment firm or a multilateral agency in Washington.  The 54-year-old spent much of his career rising through the ranks [/INST]  of Argentina's Central Bank or teaching graduate-school courses in macroeconomics. Though he holds an economics doctorate from the University of Minnesota, his spoken English lacks the polish that often puts foreign investors at ease. </s>"
448,"<s>[INST]  Though he holds an economics doctorate from the University of Minnesota, his spoken [/INST]  English lacks the polish that often puts foreign investors at ease. ""They just do not come in and take the room by storm,"" says a New York stock strategist who has met Mr. Machinea and his team a half-dozen times since they took office late last year under President Fernando De la Rua. ""It creates the impression that they're just not in control of things -- even though they probably are"". </s>"
449,"<s>[INST] The 54-year-old spent much of his career rising through the ranks of Argentina's Central Bank or teaching graduate-school courses in macroeconomics.  Though he holds an economics doctorate from the University of Minnesota, his spoken [/INST]  English lacks the polish that often puts foreign investors at ease. ""They just do not come in and take the room by storm,"" says a New York stock strategist who has met Mr. Machinea and his team a half-dozen times since they took office late last year under President Fernando De la Rua. </s>"
450,"<s>[INST]  ""They just do not come in and take the room by storm,"" says a New York stock strategist who has met Mr. [/INST]  Machinea and his team a half-dozen times since they took office late last year under President Fernando De la Rua. ""It creates the impression that they're just not in control of things -- even though they probably are"". Wall Street's reading of Mr. Machinea isn't based merely on his uninspiring style. </s>"
451,"<s>[INST] Though he holds an economics doctorate from the University of Minnesota, his spoken English lacks the polish that often puts foreign investors at ease.  ""They just do not come in and take the room by storm,"" says a New York stock strategist who has met Mr. [/INST]  Machinea and his team a half-dozen times since they took office late last year under President Fernando De la Rua. ""It creates the impression that they're just not in control of things -- even though they probably are"". </s>"
452,"<s>[INST]  ""It creates the impression that they're just not in control [/INST]  of things -- even though they probably are"". Wall Street's reading of Mr. Machinea isn't based merely on his uninspiring style. Some economists doubt that his current economic prescriptions -- including a radical pension-fund reform and a five-year government-spending freeze -- will succeed in bringing down interest rates to trigger investment and get the economy growing again. </s>"
453,"<s>[INST] ""They just do not come in and take the room by storm,"" says a New York stock strategist who has met Mr. Machinea and his team a half-dozen times since they took office late last year under President Fernando De la Rua.  ""It creates the impression that they're just not in control [/INST]  of things -- even though they probably are"". Wall Street's reading of Mr. Machinea isn't based merely on his uninspiring style. </s>"
454,"<s>[INST]  Wall Street's reading of Mr. Machinea isn't [/INST]  based merely on his uninspiring style. Some economists doubt that his current economic prescriptions -- including a radical pension-fund reform and a five-year government-spending freeze -- will succeed in bringing down interest rates to trigger investment and get the economy growing again. ""No one knows for sure whether it will be enough or not,"" says Lacey Gallagher, director of Latin economic research at Credit Suisse First Boston Corp. </s>"
455,"<s>[INST] ""It creates the impression that they're just not in control of things -- even though they probably are"".  Wall Street's reading of Mr. Machinea isn't [/INST]  based merely on his uninspiring style. Some economists doubt that his current economic prescriptions -- including a radical pension-fund reform and a five-year government-spending freeze -- will succeed in bringing down interest rates to trigger investment and get the economy growing again. </s>"
456,"<s>[INST]  Some economists doubt that his current economic prescriptions -- including a radical pension-fund reform and a five-year government-spending freeze [/INST]  -- will succeed in bringing down interest rates to trigger investment and get the economy growing again. ""No one knows for sure whether it will be enough or not,"" says Lacey Gallagher, director of Latin economic research at Credit Suisse First Boston Corp. Mr. Machinea also has had to shake off his legacy as Central Bank chief during the late 1980s, when Argentina's economy was paralyzed by hyperinflation. </s>"
457,"<s>[INST] Wall Street's reading of Mr. Machinea isn't based merely on his uninspiring style.  Some economists doubt that his current economic prescriptions -- including a radical pension-fund reform and a five-year government-spending freeze [/INST]  -- will succeed in bringing down interest rates to trigger investment and get the economy growing again. ""No one knows for sure whether it will be enough or not,"" says Lacey Gallagher, director of Latin economic research at Credit Suisse First Boston Corp. </s>"
458,"<s>[INST]  ""No one knows for sure whether it will be enough or not,"" says Lacey [/INST]  Gallagher, director of Latin economic research at Credit Suisse First Boston Corp. Mr. Machinea also has had to shake off his legacy as Central Bank chief during the late 1980s, when Argentina's economy was paralyzed by hyperinflation. A few years later, Economy Minister Domingo Cavallo, a legend on Wall Street, stepped in and pegged Argentina's currency to the U.S. dollar. </s>"
459,"<s>[INST] Some economists doubt that his current economic prescriptions -- including a radical pension-fund reform and a five-year government-spending freeze -- will succeed in bringing down interest rates to trigger investment and get the economy growing again.  ""No one knows for sure whether it will be enough or not,"" says Lacey [/INST]  Gallagher, director of Latin economic research at Credit Suisse First Boston Corp. Mr. Machinea also has had to shake off his legacy as Central Bank chief during the late 1980s, when Argentina's economy was paralyzed by hyperinflation. </s>"
460,"<s>[INST]  Mr. Machinea also has had to shake off his legacy as Central Bank [/INST]  chief during the late 1980s, when Argentina's economy was paralyzed by hyperinflation. A few years later, Economy Minister Domingo Cavallo, a legend on Wall Street, stepped in and pegged Argentina's currency to the U.S. dollar. The new system crushed inflation by banning the Central Bank from printing money to pay its bills. </s>"
461,"<s>[INST] ""No one knows for sure whether it will be enough or not,"" says Lacey Gallagher, director of Latin economic research at Credit Suisse First Boston Corp.  Mr. Machinea also has had to shake off his legacy as Central Bank [/INST]  chief during the late 1980s, when Argentina's economy was paralyzed by hyperinflation. A few years later, Economy Minister Domingo Cavallo, a legend on Wall Street, stepped in and pegged Argentina's currency to the U.S. dollar. </s>"
462,"<s>[INST]  A few years later, Economy Minister Domingo Cavallo, a legend on Wall [/INST]  Street, stepped in and pegged Argentina's currency to the U.S. dollar. The new system crushed inflation by banning the Central Bank from printing money to pay its bills. Some investors have called for Mr. Machinea to be replaced by Mr. Cavallo, now a congressman who heads his own opposition party, or by Ricardo Lopez Murphy, an outspoken economist who is now minister of defense. </s>"
463,"<s>[INST] Mr. Machinea also has had to shake off his legacy as Central Bank chief during the late 1980s, when Argentina's economy was paralyzed by hyperinflation.  A few years later, Economy Minister Domingo Cavallo, a legend on Wall [/INST]  Street, stepped in and pegged Argentina's currency to the U.S. dollar. The new system crushed inflation by banning the Central Bank from printing money to pay its bills. </s>"
464,"<s>[INST]  The new system crushed inflation by banning the Central [/INST]  Bank from printing money to pay its bills. Some investors have called for Mr. Machinea to be replaced by Mr. Cavallo, now a congressman who heads his own opposition party, or by Ricardo Lopez Murphy, an outspoken economist who is now minister of defense. But Mr. De la Rua, whose popularity has been badly sapped by the corruption scandal and recession, appears content with a hard-working deputy who is unlikely to upstage him and has no apparent presidential aspirations. </s>"
465,"<s>[INST] A few years later, Economy Minister Domingo Cavallo, a legend on Wall Street, stepped in and pegged Argentina's currency to the U.S. dollar.  The new system crushed inflation by banning the Central [/INST]  Bank from printing money to pay its bills. Some investors have called for Mr. Machinea to be replaced by Mr. Cavallo, now a congressman who heads his own opposition party, or by Ricardo Lopez Murphy, an outspoken economist who is now minister of defense. </s>"
466,"<s>[INST]  Some investors have called for Mr. Machinea to be replaced by Mr. Cavallo, now a congressman who heads his [/INST]  own opposition party, or by Ricardo Lopez Murphy, an outspoken economist who is now minister of defense. But Mr. De la Rua, whose popularity has been badly sapped by the corruption scandal and recession, appears content with a hard-working deputy who is unlikely to upstage him and has no apparent presidential aspirations. In an address to the nation last month, the president dispelled rumors that Mr. Machinea was on his way out. </s>"
467,"<s>[INST] The new system crushed inflation by banning the Central Bank from printing money to pay its bills.  Some investors have called for Mr. Machinea to be replaced by Mr. Cavallo, now a congressman who heads his [/INST]  own opposition party, or by Ricardo Lopez Murphy, an outspoken economist who is now minister of defense. But Mr. De la Rua, whose popularity has been badly sapped by the corruption scandal and recession, appears content with a hard-working deputy who is unlikely to upstage him and has no apparent presidential aspirations. </s>"
468,"<s>[INST]  But Mr. De la Rua, whose popularity has been badly sapped by the corruption scandal and recession, appears [/INST]  content with a hard-working deputy who is unlikely to upstage him and has no apparent presidential aspirations. In an address to the nation last month, the president dispelled rumors that Mr. Machinea was on his way out. Credit: Staff Reporter of The Wall Street Journal </s>"
469,"<s>[INST] Some investors have called for Mr. Machinea to be replaced by Mr. Cavallo, now a congressman who heads his own opposition party, or by Ricardo Lopez Murphy, an outspoken economist who is now minister of defense.  But Mr. De la Rua, whose popularity has been badly sapped by the corruption scandal and recession, appears [/INST]  content with a hard-working deputy who is unlikely to upstage him and has no apparent presidential aspirations. In an address to the nation last month, the president dispelled rumors that Mr. Machinea was on his way out. </s>"
470,"<s>[INST]  accountid=28034 Abstract: Stiffer regulations and a wave of foreign acquisitions and bank closures have fortified Argentina's banking [/INST]  system and helped prevent the government's credit crunch from triggering a full-blown panic among ordinary Argentines. With international lenders nervous about Argentina's solvency, the International Monetary Fund is stepping in to help the government meet a slew of debt that comes due next year. The presence of foreign names like Spain's Banco Santander Central Hispano SA and HSBC PLC on the shingles of bank branches appears to give some comfort to Argentines, who once sent their money abroad or shoved it into safety-deposit boxes at the first sign of trouble. </s>"
471,"<s>[INST] proquest.com/docview/398725165?  accountid=28034 Abstract: Stiffer regulations and a wave of foreign acquisitions and bank closures have fortified Argentina's banking [/INST]  system and helped prevent the government's credit crunch from triggering a full-blown panic among ordinary Argentines. With international lenders nervous about Argentina's solvency, the International Monetary Fund is stepping in to help the government meet a slew of debt that comes due next year. </s>"
472,"<s>[INST]  With international lenders nervous about Argentina's solvency, the International Monetary Fund is stepping in to [/INST]  help the government meet a slew of debt that comes due next year. The presence of foreign names like Spain's Banco Santander Central Hispano SA and HSBC PLC on the shingles of bank branches appears to give some comfort to Argentines, who once sent their money abroad or shoved it into safety-deposit boxes at the first sign of trouble. Many have switched their savings into dollar-denominated accounts while keeping their money in the same bank. </s>"
473,"<s>[INST] accountid=28034  Abstract: Stiffer regulations and a wave of foreign acquisitions and bank closures have fortified Argentina's banking system and helped prevent the government's credit crunch from triggering a full-blown panic among ordinary Argentines.  With international lenders nervous about Argentina's solvency, the International Monetary Fund is stepping in to [/INST]  help the government meet a slew of debt that comes due next year. The presence of foreign names like Spain's Banco Santander Central Hispano SA and HSBC PLC on the shingles of bank branches appears to give some comfort to Argentines, who once sent their money abroad or shoved it into safety-deposit boxes at the first sign of trouble. </s>"
474,"<s>[INST]  The presence of foreign names like Spain's Banco Santander Central Hispano SA and HSBC PLC on the shingles of bank branches appears to give [/INST]  some comfort to Argentines, who once sent their money abroad or shoved it into safety-deposit boxes at the first sign of trouble. Many have switched their savings into dollar-denominated accounts while keeping their money in the same bank. Argentina's convertibility law, which fixes the Argentine peso to the U.S. dollar, permits accounts to be held in either currency. </s>"
475,"<s>[INST] With international lenders nervous about Argentina's solvency, the International Monetary Fund is stepping in to help the government meet a slew of debt that comes due next year.  The presence of foreign names like Spain's Banco Santander Central Hispano SA and HSBC PLC on the shingles of bank branches appears to give [/INST]  some comfort to Argentines, who once sent their money abroad or shoved it into safety-deposit boxes at the first sign of trouble. Many have switched their savings into dollar-denominated accounts while keeping their money in the same bank. </s>"
476,"<s>[INST]  Many have switched their savings into dollar-denominated accounts while [/INST]  keeping their money in the same bank. Argentina's convertibility law, which fixes the Argentine peso to the U.S. dollar, permits accounts to be held in either currency. That doesn't mean banks aren't feeling the heat of the crisis, which comes amid a two-year recession. </s>"
477,"<s>[INST] The presence of foreign names like Spain's Banco Santander Central Hispano SA and HSBC PLC on the shingles of bank branches appears to give some comfort to Argentines, who once sent their money abroad or shoved it into safety-deposit boxes at the first sign of trouble.  Many have switched their savings into dollar-denominated accounts while [/INST]  keeping their money in the same bank. Argentina's convertibility law, which fixes the Argentine peso to the U.S. dollar, permits accounts to be held in either currency. </s>"
478,"<s>[INST]  Argentina's convertibility law, which fixes the Argentine peso to the U.S. [/INST]  dollar, permits accounts to be held in either currency. That doesn't mean banks aren't feeling the heat of the crisis, which comes amid a two-year recession. Analysts say loan growth has stalled. </s>"
479,"<s>[INST] Many have switched their savings into dollar-denominated accounts while keeping their money in the same bank.  Argentina's convertibility law, which fixes the Argentine peso to the U.S. [/INST]  dollar, permits accounts to be held in either currency. That doesn't mean banks aren't feeling the heat of the crisis, which comes amid a two-year recession. </s>"
480,"<s>[INST]  That doesn't mean banks aren't feeling the heat of [/INST]  the crisis, which comes amid a two-year recession. Analysts say loan growth has stalled. Pessimism about whether Argentina's economy can resume growth next year has kept the New York-traded shares of Banco Galicia and Banco Frances SA, controlled by Spain's Banco Bilbao Vizcaya Argentaria SA, in the doldrums. </s>"
481,"<s>[INST] Argentina's convertibility law, which fixes the Argentine peso to the U.S. dollar, permits accounts to be held in either currency.  That doesn't mean banks aren't feeling the heat of [/INST]  the crisis, which comes amid a two-year recession. Analysts say loan growth has stalled. </s>"
482,"<s>[INST]  Pessimism about whether Argentina's economy can resume growth next year has kept the New York-traded shares of Banco [/INST]  Galicia and Banco Frances SA, controlled by Spain's Banco Bilbao Vizcaya Argentaria SA, in the doldrums. Full text: BUENOS AIRES -- The banking sector, once Argentina's Achilles' heel in times of economic trouble, now appears to be one of the country's strong points as it tries to contain its current financial crisis. Stiffer regulations and a wave of foreign acquisitions and bank closures have fortified Argentina's banking system and helped prevent the government's credit crunch from triggering a full-blown panic among ordinary Argentines. </s>"
483,"<s>[INST] Analysts say loan growth has stalled.  Pessimism about whether Argentina's economy can resume growth next year has kept the New York-traded shares of Banco [/INST]  Galicia and Banco Frances SA, controlled by Spain's Banco Bilbao Vizcaya Argentaria SA, in the doldrums. Full text: BUENOS AIRES -- The banking sector, once Argentina's Achilles' heel in times of economic trouble, now appears to be one of the country's strong points as it tries to contain its current financial crisis. </s>"
484,"<s>[INST]  Full text: BUENOS AIRES -- The banking sector, once Argentina's Achilles' heel in times of economic trouble, now appears [/INST]  to be one of the country's strong points as it tries to contain its current financial crisis. Stiffer regulations and a wave of foreign acquisitions and bank closures have fortified Argentina's banking system and helped prevent the government's credit crunch from triggering a full-blown panic among ordinary Argentines. With international lenders nervous about Argentina's solvency, the International Monetary Fund is stepping in to help the government meet a slew of debt that comes due next year. </s>"
485,"<s>[INST] Pessimism about whether Argentina's economy can resume growth next year has kept the New York-traded shares of Banco Galicia and Banco Frances SA, controlled by Spain's Banco Bilbao Vizcaya Argentaria SA, in the doldrums.  Full text: BUENOS AIRES -- The banking sector, once Argentina's Achilles' heel in times of economic trouble, now appears [/INST]  to be one of the country's strong points as it tries to contain its current financial crisis. Stiffer regulations and a wave of foreign acquisitions and bank closures have fortified Argentina's banking system and helped prevent the government's credit crunch from triggering a full-blown panic among ordinary Argentines. </s>"
486,"<s>[INST]  Stiffer regulations and a wave of foreign acquisitions and bank closures have fortified Argentina's banking system [/INST]  and helped prevent the government's credit crunch from triggering a full-blown panic among ordinary Argentines. With international lenders nervous about Argentina's solvency, the International Monetary Fund is stepping in to help the government meet a slew of debt that comes due next year. ""The fact that the banking system is solid has allowed Argentina to avoid a more severe downturn,"" says Vladimir Werning, chief economist for Argentina at J.P. Morgan & Co. Bankers themselves are feeling good about how the system is weathering the storm. </s>"
487,"<s>[INST] Full text: BUENOS AIRES -- The banking sector, once Argentina's Achilles' heel in times of economic trouble, now appears to be one of the country's strong points as it tries to contain its current financial crisis.  Stiffer regulations and a wave of foreign acquisitions and bank closures have fortified Argentina's banking system [/INST]  and helped prevent the government's credit crunch from triggering a full-blown panic among ordinary Argentines. With international lenders nervous about Argentina's solvency, the International Monetary Fund is stepping in to help the government meet a slew of debt that comes due next year. </s>"
488,"<s>[INST]  With international lenders nervous about Argentina's solvency, the International Monetary Fund is stepping in to [/INST]  help the government meet a slew of debt that comes due next year. ""The fact that the banking system is solid has allowed Argentina to avoid a more severe downturn,"" says Vladimir Werning, chief economist for Argentina at J.P. Morgan & Co. Bankers themselves are feeling good about how the system is weathering the storm. ""I think it's one of the economy's strengths right now,"" says Eduardo Escasany, president of Banco Galicia SA, one of the few big Argentine banks that is still in local hands. </s>"
489,"<s>[INST] Stiffer regulations and a wave of foreign acquisitions and bank closures have fortified Argentina's banking system and helped prevent the government's credit crunch from triggering a full-blown panic among ordinary Argentines.  With international lenders nervous about Argentina's solvency, the International Monetary Fund is stepping in to [/INST]  help the government meet a slew of debt that comes due next year. ""The fact that the banking system is solid has allowed Argentina to avoid a more severe downturn,"" says Vladimir Werning, chief economist for Argentina at J.P. Morgan & Co. Bankers themselves are feeling good about how the system is weathering the storm. </s>"
490,"<s>[INST]  ""The fact that the banking system is solid has allowed Argentina to avoid a more severe downturn,"" says Vladimir Werning, chief economist [/INST]  for Argentina at J.P. Morgan & Co. Bankers themselves are feeling good about how the system is weathering the storm. ""I think it's one of the economy's strengths right now,"" says Eduardo Escasany, president of Banco Galicia SA, one of the few big Argentine banks that is still in local hands. ""The system is very solid"". </s>"
491,"<s>[INST] With international lenders nervous about Argentina's solvency, the International Monetary Fund is stepping in to help the government meet a slew of debt that comes due next year.  ""The fact that the banking system is solid has allowed Argentina to avoid a more severe downturn,"" says Vladimir Werning, chief economist [/INST]  for Argentina at J.P. Morgan & Co. Bankers themselves are feeling good about how the system is weathering the storm. ""I think it's one of the economy's strengths right now,"" says Eduardo Escasany, president of Banco Galicia SA, one of the few big Argentine banks that is still in local hands. </s>"
492,"<s>[INST]  ""I think it's one of the economy's strengths right now,"" says Eduardo Escasany, president of Banco [/INST]  Galicia SA, one of the few big Argentine banks that is still in local hands. ""The system is very solid"". That wasn't the case five years ago, when Mexico's abrupt currency devaluation sparked a regional scare that quickly hit Argentina. </s>"
493,"<s>[INST] ""The fact that the banking system is solid has allowed Argentina to avoid a more severe downturn,"" says Vladimir Werning, chief economist for Argentina at J.P. Morgan & Co. Bankers themselves are feeling good about how the system is weathering the storm.  ""I think it's one of the economy's strengths right now,"" says Eduardo Escasany, president of Banco [/INST]  Galicia SA, one of the few big Argentine banks that is still in local hands. ""The system is very solid"". </s>"
494,"<s>[INST]  That wasn't the case five years ago, when Mexico's abrupt currency [/INST]  devaluation sparked a regional scare that quickly hit Argentina. In the three months following the Mexican peso's fall, depositors yanked nearly 20% of their money out of Argentine banks, prompting dozens of banks to close. Interest rates surged as the government tried in vain to stop the capital flight. </s>"
495,"<s>[INST] ""The system is very solid"".  That wasn't the case five years ago, when Mexico's abrupt currency [/INST]  devaluation sparked a regional scare that quickly hit Argentina. In the three months following the Mexican peso's fall, depositors yanked nearly 20% of their money out of Argentine banks, prompting dozens of banks to close. </s>"
496,"<s>[INST]  In the three months following the Mexican peso's fall, depositors yanked nearly 20% of [/INST]  their money out of Argentine banks, prompting dozens of banks to close. Interest rates surged as the government tried in vain to stop the capital flight. Now, despite the Argentine government's severe debt predicament, the banking system has barely been pinched. </s>"
497,"<s>[INST] That wasn't the case five years ago, when Mexico's abrupt currency devaluation sparked a regional scare that quickly hit Argentina.  In the three months following the Mexican peso's fall, depositors yanked nearly 20% of [/INST]  their money out of Argentine banks, prompting dozens of banks to close. Interest rates surged as the government tried in vain to stop the capital flight. </s>"
498,"<s>[INST]  Interest rates surged as the government tried in [/INST]  vain to stop the capital flight. Now, despite the Argentine government's severe debt predicament, the banking system has barely been pinched. Over the past two months, deposits fell by a net of about $700 million, a small fraction of the total. </s>"
499,"<s>[INST] In the three months following the Mexican peso's fall, depositors yanked nearly 20% of their money out of Argentine banks, prompting dozens of banks to close.  Interest rates surged as the government tried in [/INST]  vain to stop the capital flight. Now, despite the Argentine government's severe debt predicament, the banking system has barely been pinched. </s>"
500,"<s>[INST]  Now, despite the Argentine government's severe debt predicament, [/INST]  the banking system has barely been pinched. Over the past two months, deposits fell by a net of about $700 million, a small fraction of the total. Interest rates jumped to about 20% at the peak of the crisis last month, but have since dropped back to around 12%. </s>"
501,"<s>[INST] Interest rates surged as the government tried in vain to stop the capital flight.  Now, despite the Argentine government's severe debt predicament, [/INST]  the banking system has barely been pinched. Over the past two months, deposits fell by a net of about $700 million, a small fraction of the total. </s>"
502,"<s>[INST]  Over the past two months, deposits fell by a net of [/INST]  about $700 million, a small fraction of the total. Interest rates jumped to about 20% at the peak of the crisis last month, but have since dropped back to around 12%. The presence of foreign names like Spain's Banco Santander Central Hispano SA and HSBC PLC on the shingles of bank branches appears to give some comfort to Argentines, who once sent their money abroad or shoved it into safety-deposit boxes at the first sign of trouble. </s>"
503,"<s>[INST] Now, despite the Argentine government's severe debt predicament, the banking system has barely been pinched.  Over the past two months, deposits fell by a net of [/INST]  about $700 million, a small fraction of the total. Interest rates jumped to about 20% at the peak of the crisis last month, but have since dropped back to around 12%. </s>"
504,"<s>[INST]  Interest rates jumped to about 20% at the peak of the crisis [/INST]  last month, but have since dropped back to around 12%. The presence of foreign names like Spain's Banco Santander Central Hispano SA and HSBC PLC on the shingles of bank branches appears to give some comfort to Argentines, who once sent their money abroad or shoved it into safety-deposit boxes at the first sign of trouble. Many have switched their savings into dollar-denominated accounts while keeping their money in the same bank. </s>"
505,"<s>[INST] Over the past two months, deposits fell by a net of about $700 million, a small fraction of the total.  Interest rates jumped to about 20% at the peak of the crisis [/INST]  last month, but have since dropped back to around 12%. The presence of foreign names like Spain's Banco Santander Central Hispano SA and HSBC PLC on the shingles of bank branches appears to give some comfort to Argentines, who once sent their money abroad or shoved it into safety-deposit boxes at the first sign of trouble. </s>"
506,"<s>[INST]  The presence of foreign names like Spain's Banco Santander Central Hispano SA and HSBC PLC on the shingles of bank branches appears to give [/INST]  some comfort to Argentines, who once sent their money abroad or shoved it into safety-deposit boxes at the first sign of trouble. Many have switched their savings into dollar-denominated accounts while keeping their money in the same bank. Argentina's convertibility law, which fixes the Argentine peso to the U.S. dollar, permits accounts to be held in either currency. </s>"
507,"<s>[INST] Interest rates jumped to about 20% at the peak of the crisis last month, but have since dropped back to around 12%.  The presence of foreign names like Spain's Banco Santander Central Hispano SA and HSBC PLC on the shingles of bank branches appears to give [/INST]  some comfort to Argentines, who once sent their money abroad or shoved it into safety-deposit boxes at the first sign of trouble. Many have switched their savings into dollar-denominated accounts while keeping their money in the same bank. </s>"
508,"<s>[INST]  Many have switched their savings into dollar-denominated accounts while [/INST]  keeping their money in the same bank. Argentina's convertibility law, which fixes the Argentine peso to the U.S. dollar, permits accounts to be held in either currency. Argentina is drawing closer to unlocking the IMF-led package, which could total $20 billion to $30 billion. </s>"
509,"<s>[INST] The presence of foreign names like Spain's Banco Santander Central Hispano SA and HSBC PLC on the shingles of bank branches appears to give some comfort to Argentines, who once sent their money abroad or shoved it into safety-deposit boxes at the first sign of trouble.  Many have switched their savings into dollar-denominated accounts while [/INST]  keeping their money in the same bank. Argentina's convertibility law, which fixes the Argentine peso to the U.S. dollar, permits accounts to be held in either currency. </s>"
510,"<s>[INST]  Argentina's convertibility law, which fixes the Argentine peso to the U.S. [/INST]  dollar, permits accounts to be held in either currency. Argentina is drawing closer to unlocking the IMF-led package, which could total $20 billion to $30 billion. Late yesterday the Senate passed the country's 2001 budget, which will be sent to the lower house for final approval. </s>"
511,"<s>[INST] Many have switched their savings into dollar-denominated accounts while keeping their money in the same bank.  Argentina's convertibility law, which fixes the Argentine peso to the U.S. [/INST]  dollar, permits accounts to be held in either currency. Argentina is drawing closer to unlocking the IMF-led package, which could total $20 billion to $30 billion. </s>"
512,"<s>[INST]  Argentina is drawing closer to unlocking the IMF-led package, [/INST]  which could total $20 billion to $30 billion. Late yesterday the Senate passed the country's 2001 budget, which will be sent to the lower house for final approval. Passage of the budget is a condition for the aid, which would help the government meet some $21 billion in debt that comes due next year. </s>"
513,"<s>[INST] Argentina's convertibility law, which fixes the Argentine peso to the U.S. dollar, permits accounts to be held in either currency.  Argentina is drawing closer to unlocking the IMF-led package, [/INST]  which could total $20 billion to $30 billion. Late yesterday the Senate passed the country's 2001 budget, which will be sent to the lower house for final approval. </s>"
514,"<s>[INST]  Late yesterday the Senate passed the country's 2001 budget, which will [/INST]  be sent to the lower house for final approval. Passage of the budget is a condition for the aid, which would help the government meet some $21 billion in debt that comes due next year. Local banks are expected to assist by buying bonds and rolling over debt. </s>"
515,"<s>[INST] Argentina is drawing closer to unlocking the IMF-led package, which could total $20 billion to $30 billion.  Late yesterday the Senate passed the country's 2001 budget, which will [/INST]  be sent to the lower house for final approval. Passage of the budget is a condition for the aid, which would help the government meet some $21 billion in debt that comes due next year. </s>"
516,"<s>[INST]  Passage of the budget is a condition for the aid, which would help the [/INST]  government meet some $21 billion in debt that comes due next year. Local banks are expected to assist by buying bonds and rolling over debt. That doesn't mean banks aren't feeling the heat of the crisis, which comes amid a two-year recession. </s>"
517,"<s>[INST] Late yesterday the Senate passed the country's 2001 budget, which will be sent to the lower house for final approval.  Passage of the budget is a condition for the aid, which would help the [/INST]  government meet some $21 billion in debt that comes due next year. Local banks are expected to assist by buying bonds and rolling over debt. </s>"
518,"<s>[INST]  Local banks are expected to assist by [/INST]  buying bonds and rolling over debt. That doesn't mean banks aren't feeling the heat of the crisis, which comes amid a two-year recession. Analysts say loan growth has stalled. </s>"
519,"<s>[INST] Passage of the budget is a condition for the aid, which would help the government meet some $21 billion in debt that comes due next year.  Local banks are expected to assist by [/INST]  buying bonds and rolling over debt. That doesn't mean banks aren't feeling the heat of the crisis, which comes amid a two-year recession. </s>"
520,"<s>[INST]  That doesn't mean banks aren't feeling the heat of [/INST]  the crisis, which comes amid a two-year recession. Analysts say loan growth has stalled. Pessimism about whether Argentina's economy can resume growth next year has kept the New York-traded shares of Banco Galicia and Banco Frances SA, controlled by Spain's Banco Bilbao Vizcaya Argentaria SA, in the doldrums. </s>"
521,"<s>[INST] Local banks are expected to assist by buying bonds and rolling over debt.  That doesn't mean banks aren't feeling the heat of [/INST]  the crisis, which comes amid a two-year recession. Analysts say loan growth has stalled. </s>"
522,"<s>[INST]  Pessimism about whether Argentina's economy can resume growth next year has kept the New York-traded shares of Banco [/INST]  Galicia and Banco Frances SA, controlled by Spain's Banco Bilbao Vizcaya Argentaria SA, in the doldrums. Past-due loans at major banks have also been gradually increasing, says Stephen Dreskin, Latin bank analyst at Dresdner Kleinwort Benson. Banco Galicia's Mr. Escasany says many of his corporate customers are trying to negotiate more favorable terms on their loans. </s>"
523,"<s>[INST] Analysts say loan growth has stalled.  Pessimism about whether Argentina's economy can resume growth next year has kept the New York-traded shares of Banco [/INST]  Galicia and Banco Frances SA, controlled by Spain's Banco Bilbao Vizcaya Argentaria SA, in the doldrums. Past-due loans at major banks have also been gradually increasing, says Stephen Dreskin, Latin bank analyst at Dresdner Kleinwort Benson. </s>"
524,"<s>[INST]  Past-due loans at major banks have also been gradually increasing, says [/INST]  Stephen Dreskin, Latin bank analyst at Dresdner Kleinwort Benson. Banco Galicia's Mr. Escasany says many of his corporate customers are trying to negotiate more favorable terms on their loans. He expects past-due loans to swell if economic growth doesn't pick up next year. </s>"
525,"<s>[INST] Pessimism about whether Argentina's economy can resume growth next year has kept the New York-traded shares of Banco Galicia and Banco Frances SA, controlled by Spain's Banco Bilbao Vizcaya Argentaria SA, in the doldrums.  Past-due loans at major banks have also been gradually increasing, says [/INST]  Stephen Dreskin, Latin bank analyst at Dresdner Kleinwort Benson. Banco Galicia's Mr. Escasany says many of his corporate customers are trying to negotiate more favorable terms on their loans. </s>"
526,"<s>[INST]  Banco Galicia's Mr. Escasany says many of his corporate customers are [/INST]  trying to negotiate more favorable terms on their loans. He expects past-due loans to swell if economic growth doesn't pick up next year. But Argentina's bad-loan levels are still far below those in Turkey and Taiwan, for instance, where weak banks have exacerbated economic problems. </s>"
527,"<s>[INST] Past-due loans at major banks have also been gradually increasing, says Stephen Dreskin, Latin bank analyst at Dresdner Kleinwort Benson.  Banco Galicia's Mr. Escasany says many of his corporate customers are [/INST]  trying to negotiate more favorable terms on their loans. He expects past-due loans to swell if economic growth doesn't pick up next year. </s>"
528,"<s>[INST]  He expects past-due loans to swell if economic [/INST]  growth doesn't pick up next year. But Argentina's bad-loan levels are still far below those in Turkey and Taiwan, for instance, where weak banks have exacerbated economic problems. ""People's confidence in the financial system is in pretty good shape,"" says Carlos Perez, head of consumer banking for Citibank NA's Argentina office. </s>"
529,"<s>[INST] Banco Galicia's Mr. Escasany says many of his corporate customers are trying to negotiate more favorable terms on their loans.  He expects past-due loans to swell if economic [/INST]  growth doesn't pick up next year. But Argentina's bad-loan levels are still far below those in Turkey and Taiwan, for instance, where weak banks have exacerbated economic problems. </s>"
530,"<s>[INST]  But Argentina's bad-loan levels are still far below those in Turkey and [/INST]  Taiwan, for instance, where weak banks have exacerbated economic problems. ""People's confidence in the financial system is in pretty good shape,"" says Carlos Perez, head of consumer banking for Citibank NA's Argentina office. Bankers say they grew vigilant after the Mexican crisis, as they watched the number of banks fall from more than 150 to about 100. </s>"
531,"<s>[INST] He expects past-due loans to swell if economic growth doesn't pick up next year.  But Argentina's bad-loan levels are still far below those in Turkey and [/INST]  Taiwan, for instance, where weak banks have exacerbated economic problems. ""People's confidence in the financial system is in pretty good shape,"" says Carlos Perez, head of consumer banking for Citibank NA's Argentina office. </s>"
532,"<s>[INST]  ""People's confidence in the financial system is in pretty good shape,"" says [/INST]  Carlos Perez, head of consumer banking for Citibank NA's Argentina office. Bankers say they grew vigilant after the Mexican crisis, as they watched the number of banks fall from more than 150 to about 100. Early into the recession, Citibank went after deadbeat customers by turning teams of salespeople into loan collectors. </s>"
533,"<s>[INST] But Argentina's bad-loan levels are still far below those in Turkey and Taiwan, for instance, where weak banks have exacerbated economic problems.  ""People's confidence in the financial system is in pretty good shape,"" says [/INST]  Carlos Perez, head of consumer banking for Citibank NA's Argentina office. Bankers say they grew vigilant after the Mexican crisis, as they watched the number of banks fall from more than 150 to about 100. </s>"
534,"<s>[INST]  Bankers say they grew vigilant after the Mexican crisis, as they watched the [/INST]  number of banks fall from more than 150 to about 100. Early into the recession, Citibank went after deadbeat customers by turning teams of salespeople into loan collectors. Many banks ended their liberal lending policies of years past. </s>"
535,"<s>[INST] ""People's confidence in the financial system is in pretty good shape,"" says Carlos Perez, head of consumer banking for Citibank NA's Argentina office.  Bankers say they grew vigilant after the Mexican crisis, as they watched the [/INST]  number of banks fall from more than 150 to about 100. Early into the recession, Citibank went after deadbeat customers by turning teams of salespeople into loan collectors. </s>"
536,"<s>[INST]  Early into the recession, Citibank went after deadbeat customers [/INST]  by turning teams of salespeople into loan collectors. Many banks ended their liberal lending policies of years past. Regulators also stepped in to strengthen the system. </s>"
537,"<s>[INST] Bankers say they grew vigilant after the Mexican crisis, as they watched the number of banks fall from more than 150 to about 100.  Early into the recession, Citibank went after deadbeat customers [/INST]  by turning teams of salespeople into loan collectors. Many banks ended their liberal lending policies of years past. </s>"
538,"<s>[INST]  Argentine banks now have a 20% reserve requirement, [/INST]  higher than the international banking standard. The Central Bank created a $7 billion emergency fund as an additional backup. Banco Galicia's Mr. Escasany estimates that most banks actually have about a 45% reserve on deposits, if the Central Bank fund and other credit lines are taken into account. </s>"
539,"<s>[INST] Regulators also stepped in to strengthen the system.  Argentine banks now have a 20% reserve requirement, [/INST]  higher than the international banking standard. The Central Bank created a $7 billion emergency fund as an additional backup. </s>"
540,"<s>[INST]  The Central Bank created a $7 billion [/INST]  emergency fund as an additional backup. Banco Galicia's Mr. Escasany estimates that most banks actually have about a 45% reserve on deposits, if the Central Bank fund and other credit lines are taken into account. --- Holding the Debt  Biggest banks in Argentina, listed by percent of total loans outstanding  Provincia de Buenos Aires ................ </s>"
541,"<s>[INST] Argentine banks now have a 20% reserve requirement, higher than the international banking standard.  The Central Bank created a $7 billion [/INST]  emergency fund as an additional backup. Banco Galicia's Mr. Escasany estimates that most banks actually have about a 45% reserve on deposits, if the Central Bank fund and other credit lines are taken into account. </s>"
542,"<s>[INST]  Banco Galicia's Mr. Escasany estimates that most banks actually have about a 45% reserve on [/INST]  deposits, if the Central Bank fund and other credit lines are taken into account. --- Holding the Debt  Biggest banks in Argentina, listed by percent of total loans outstanding  Provincia de Buenos Aires ................ 8% Banco Galicia ............................ </s>"
543,"<s>[INST] The Central Bank created a $7 billion emergency fund as an additional backup.  Banco Galicia's Mr. Escasany estimates that most banks actually have about a 45% reserve on [/INST]  deposits, if the Central Bank fund and other credit lines are taken into account. --- Holding the Debt  Biggest banks in Argentina, listed by percent of total loans outstanding  Provincia de Buenos Aires ................ </s>"
544,"<s>[INST]  --- Holding the Debt Biggest banks in Argentina, listed by percent [/INST]  of total loans outstanding Provincia de Buenos Aires ................ 8% Banco Galicia ............................ 8% Nacion Argentina ......................... </s>"
545,"<s>[INST] Banco Galicia's Mr. Escasany estimates that most banks actually have about a 45% reserve on deposits, if the Central Bank fund and other credit lines are taken into account.  --- Holding the Debt Biggest banks in Argentina, listed by percent [/INST]  of total loans outstanding Provincia de Buenos Aires ................ 8% Banco Galicia ............................ </s>"
546,"<s>[INST]  accountid=28034 Abstract: Mr. [Mario Vicens] also said the IMF has given a thumbs up to Argentina's plan to all but eliminate [/INST]  previously planned spending cuts from the 2001 budget bill, the passage of which has been mandated by the lending organization. The Economy Ministry said late Friday the 2001 budget would contain less than $100 million in spending cuts instead of the $600 million previously announced. Full text: BUENOS AIRES (Reuters) -- Part of the financial-aid package led by the International Monetary Fund to bail out Argentina's economy will be in cash, a senior Economy Ministry official said. </s>"
547,"<s>[INST] proquest.com/docview/398792245?  accountid=28034 Abstract: Mr. [Mario Vicens] also said the IMF has given a thumbs up to Argentina's plan to all but eliminate [/INST]  previously planned spending cuts from the 2001 budget bill, the passage of which has been mandated by the lending organization. The Economy Ministry said late Friday the 2001 budget would contain less than $100 million in spending cuts instead of the $600 million previously announced. </s>"
548,"<s>[INST]  The Economy Ministry said late Friday the 2001 budget would contain less than [/INST]  $100 million in spending cuts instead of the $600 million previously announced. Full text: BUENOS AIRES (Reuters) -- Part of the financial-aid package led by the International Monetary Fund to bail out Argentina's economy will be in cash, a senior Economy Ministry official said. The amount of IMF aid has yet to be announced. </s>"
549,"<s>[INST] accountid=28034  Abstract: Mr. [Mario Vicens] also said the IMF has given a thumbs up to Argentina's plan to all but eliminate previously planned spending cuts from the 2001 budget bill, the passage of which has been mandated by the lending organization.  The Economy Ministry said late Friday the 2001 budget would contain less than [/INST]  $100 million in spending cuts instead of the $600 million previously announced. Full text: BUENOS AIRES (Reuters) -- Part of the financial-aid package led by the International Monetary Fund to bail out Argentina's economy will be in cash, a senior Economy Ministry official said. </s>"
550,"<s>[INST]  Full text: BUENOS AIRES (Reuters) -- Part of the financial-aid package led by the International Monetary Fund [/INST]  to bail out Argentina's economy will be in cash, a senior Economy Ministry official said. The amount of IMF aid has yet to be announced. Argentine officials had previously said they meant to use the IMF aid package only as a contingency credit line to provide funds in case of an emergency. </s>"
551,"<s>[INST] The Economy Ministry said late Friday the 2001 budget would contain less than $100 million in spending cuts instead of the $600 million previously announced.  Full text: BUENOS AIRES (Reuters) -- Part of the financial-aid package led by the International Monetary Fund [/INST]  to bail out Argentina's economy will be in cash, a senior Economy Ministry official said. The amount of IMF aid has yet to be announced. </s>"
552,"<s>[INST]  Argentine officials had previously said they meant to use the IMF aid package only [/INST]  as a contingency credit line to provide funds in case of an emergency. Local market sources estimate the package, designed to allay widespread fears of a 2001 debt default in Latin America's third-largest economy, will be valued at $20 billion. Argentina, whose economy has suffered two years of recession and stagnation, has been unable to obtain credit on international markets for weeks and has been paying sky-high rates in the domestic market to get financing. </s>"
553,"<s>[INST] The amount of IMF aid has yet to be announced.  Argentine officials had previously said they meant to use the IMF aid package only [/INST]  as a contingency credit line to provide funds in case of an emergency. Local market sources estimate the package, designed to allay widespread fears of a 2001 debt default in Latin America's third-largest economy, will be valued at $20 billion. </s>"
554,"<s>[INST]  Local market sources estimate the package, designed to allay widespread fears of a 2001 [/INST]  debt default in Latin America's third-largest economy, will be valued at $20 billion. Argentina, whose economy has suffered two years of recession and stagnation, has been unable to obtain credit on international markets for weeks and has been paying sky-high rates in the domestic market to get financing. ""This will allow us to quickly obtain lower interest rates,"" Treasury Secretary Mario Vicens said. </s>"
555,"<s>[INST] Argentine officials had previously said they meant to use the IMF aid package only as a contingency credit line to provide funds in case of an emergency.  Local market sources estimate the package, designed to allay widespread fears of a 2001 [/INST]  debt default in Latin America's third-largest economy, will be valued at $20 billion. Argentina, whose economy has suffered two years of recession and stagnation, has been unable to obtain credit on international markets for weeks and has been paying sky-high rates in the domestic market to get financing. </s>"
556,"<s>[INST]  Argentina, whose economy has suffered two years of recession and stagnation, has been unable to obtain credit on [/INST]  international markets for weeks and has been paying sky-high rates in the domestic market to get financing. ""This will allow us to quickly obtain lower interest rates,"" Treasury Secretary Mario Vicens said. The new deal will allow Argentina to draw on an existing $7.2 billion standby facility and add another loan that could amount to billions of dollars, all designed to help Argentina overcome potential liquidity problems next year as it faces financing needs of $19.5 billion. </s>"
557,"<s>[INST] Local market sources estimate the package, designed to allay widespread fears of a 2001 debt default in Latin America's third-largest economy, will be valued at $20 billion.  Argentina, whose economy has suffered two years of recession and stagnation, has been unable to obtain credit on [/INST]  international markets for weeks and has been paying sky-high rates in the domestic market to get financing. ""This will allow us to quickly obtain lower interest rates,"" Treasury Secretary Mario Vicens said. </s>"
558,"<s>[INST]  ""This will allow us to quickly obtain lower [/INST]  interest rates,"" Treasury Secretary Mario Vicens said. The new deal will allow Argentina to draw on an existing $7.2 billion standby facility and add another loan that could amount to billions of dollars, all designed to help Argentina overcome potential liquidity problems next year as it faces financing needs of $19.5 billion. Mr. Vicens also said the IMF has given a thumbs up to Argentina's plan to all but eliminate previously planned spending cuts from the 2001 budget bill, the passage of which has been mandated by the lending organization. </s>"
559,"<s>[INST] Argentina, whose economy has suffered two years of recession and stagnation, has been unable to obtain credit on international markets for weeks and has been paying sky-high rates in the domestic market to get financing.  ""This will allow us to quickly obtain lower [/INST]  interest rates,"" Treasury Secretary Mario Vicens said. The new deal will allow Argentina to draw on an existing $7.2 billion standby facility and add another loan that could amount to billions of dollars, all designed to help Argentina overcome potential liquidity problems next year as it faces financing needs of $19.5 billion. </s>"
560,"<s>[INST]  The new deal will allow Argentina to draw on an existing $7.2 billion standby facility and add another loan that could amount to [/INST]  billions of dollars, all designed to help Argentina overcome potential liquidity problems next year as it faces financing needs of $19.5 billion. Mr. Vicens also said the IMF has given a thumbs up to Argentina's plan to all but eliminate previously planned spending cuts from the 2001 budget bill, the passage of which has been mandated by the lending organization. The Economy Ministry said late Friday the 2001 budget would contain less than $100 million in spending cuts instead of the $600 million previously announced. </s>"
561,"<s>[INST] ""This will allow us to quickly obtain lower interest rates,"" Treasury Secretary Mario Vicens said.  The new deal will allow Argentina to draw on an existing $7.2 billion standby facility and add another loan that could amount to [/INST]  billions of dollars, all designed to help Argentina overcome potential liquidity problems next year as it faces financing needs of $19.5 billion. Mr. Vicens also said the IMF has given a thumbs up to Argentina's plan to all but eliminate previously planned spending cuts from the 2001 budget bill, the passage of which has been mandated by the lending organization. </s>"
562,"<s>[INST]  accountid=28034 Abstract: The bill is being hammered out in the Buenos Aires [/INST]  provincial congress, and a final draft should reach Buenos Aires Gov. Carlos Ruckauf any day. If the bill is approved, Wal-Mart officials say the company, which employs 2,000 people in Buenos Aires, will be forced to halt its expansion there. </s>"
563,"<s>[INST] proquest.com/docview/398750606?  accountid=28034 Abstract: The bill is being hammered out in the Buenos Aires [/INST]  provincial congress, and a final draft should reach Buenos Aires Gov. Carlos Ruckauf any day. </s>"
564,"<s>[INST]  If the bill is approved, Wal-Mart officials say the company, which employs 2,000 [/INST]  people in Buenos Aires, will be forced to halt its expansion there. The company said it fears other provinces will follow suit, shutting down its expansion countrywide. The debate is giving investors mixed signals. </s>"
565,"<s>[INST] Carlos Ruckauf any day.  If the bill is approved, Wal-Mart officials say the company, which employs 2,000 [/INST]  people in Buenos Aires, will be forced to halt its expansion there. The company said it fears other provinces will follow suit, shutting down its expansion countrywide. </s>"
566,"<s>[INST]  The company said it fears other provinces will [/INST]  follow suit, shutting down its expansion countrywide. The debate is giving investors mixed signals. Argentina has sent delegations to meet with U.S. businesses and investment banks to encourage them to invest in the country. </s>"
567,"<s>[INST] If the bill is approved, Wal-Mart officials say the company, which employs 2,000 people in Buenos Aires, will be forced to halt its expansion there.  The company said it fears other provinces will [/INST]  follow suit, shutting down its expansion countrywide. The debate is giving investors mixed signals. </s>"
568,"<s>[INST]  Argentina has sent delegations to meet with U.S. businesses and investment [/INST]  banks to encourage them to invest in the country. ""Here is a country that is going on road shows for international investment, and yet they're looking at this kind of action, which essentially limits investment and limits growth,"" says Horacio Achaval, chief operating officer of Wal-Mart Argentina. Wal-Mart officials have met with Buenos Aires legislators and have enlisted the help of the U.S. Chamber of Commerce and the U.S. Embassy in Buenos Aires. </s>"
569,"<s>[INST] The debate is giving investors mixed signals.  Argentina has sent delegations to meet with U.S. businesses and investment [/INST]  banks to encourage them to invest in the country. ""Here is a country that is going on road shows for international investment, and yet they're looking at this kind of action, which essentially limits investment and limits growth,"" says Horacio Achaval, chief operating officer of Wal-Mart Argentina. </s>"
570,"<s>[INST]  ""Here is a country that is going on road shows for international investment, and yet they're looking at this kind [/INST]  of action, which essentially limits investment and limits growth,"" says Horacio Achaval, chief operating officer of Wal-Mart Argentina. Wal-Mart officials have met with Buenos Aires legislators and have enlisted the help of the U.S. Chamber of Commerce and the U.S. Embassy in Buenos Aires. Arkansas Sens. </s>"
571,"<s>[INST] Argentina has sent delegations to meet with U.S. businesses and investment banks to encourage them to invest in the country.  ""Here is a country that is going on road shows for international investment, and yet they're looking at this kind [/INST]  of action, which essentially limits investment and limits growth,"" says Horacio Achaval, chief operating officer of Wal-Mart Argentina. Wal-Mart officials have met with Buenos Aires legislators and have enlisted the help of the U.S. Chamber of Commerce and the U.S. Embassy in Buenos Aires. </s>"
572,"<s>[INST]  Wal-Mart officials have met with Buenos Aires legislators and have enlisted the help of [/INST]  the U.S. Chamber of Commerce and the U.S. Embassy in Buenos Aires. Arkansas Sens. Blanche Lincoln and Tim Hutchinson two weeks ago sent a joint letter to U.S. Secretary of State Madeleine Albright, requesting that she encourage the Argentine government to defeat the legislation. </s>"
573,"<s>[INST] ""Here is a country that is going on road shows for international investment, and yet they're looking at this kind of action, which essentially limits investment and limits growth,"" says Horacio Achaval, chief operating officer of Wal-Mart Argentina.  Wal-Mart officials have met with Buenos Aires legislators and have enlisted the help of [/INST]  the U.S. Chamber of Commerce and the U.S. Embassy in Buenos Aires. Arkansas Sens. </s>"
574,"<s>[INST]  Blanche Lincoln and Tim Hutchinson two weeks ago sent a joint letter to U.S. Secretary of [/INST]  State Madeleine Albright, requesting that she encourage the Argentine government to defeat the legislation. Full text: The legislatures of Buenos Aires and other Argentine provinces are considering bills limiting the size of retail stores, a move that would thwart Wal-Mart Stores Inc.'s plans to expand in the country. Prompted by owners of small and mid-size businesses, the Buenos Aires legislature is expected soon to vote on Bill 12088, which restricts the size of new hypermarkets to about 20,000 square feet, a tenth the size of a Wal-Mart Supercenter, which sell both food and general merchandise. </s>"
575,"<s>[INST] Arkansas Sens.  Blanche Lincoln and Tim Hutchinson two weeks ago sent a joint letter to U.S. Secretary of [/INST]  State Madeleine Albright, requesting that she encourage the Argentine government to defeat the legislation. Full text: The legislatures of Buenos Aires and other Argentine provinces are considering bills limiting the size of retail stores, a move that would thwart Wal-Mart Stores Inc.'s plans to expand in the country. </s>"
576,"<s>[INST]  Full text: The legislatures of Buenos Aires and other Argentine provinces are considering bills limiting the size of [/INST]  retail stores, a move that would thwart Wal-Mart Stores Inc.'s plans to expand in the country. Prompted by owners of small and mid-size businesses, the Buenos Aires legislature is expected soon to vote on Bill 12088, which restricts the size of new hypermarkets to about 20,000 square feet, a tenth the size of a Wal-Mart Supercenter, which sell both food and general merchandise. The Bentonville, Ark. </s>"
577,"<s>[INST] Blanche Lincoln and Tim Hutchinson two weeks ago sent a joint letter to U.S. Secretary of State Madeleine Albright, requesting that she encourage the Argentine government to defeat the legislation.  Full text: The legislatures of Buenos Aires and other Argentine provinces are considering bills limiting the size of [/INST]  retail stores, a move that would thwart Wal-Mart Stores Inc.'s plans to expand in the country. Prompted by owners of small and mid-size businesses, the Buenos Aires legislature is expected soon to vote on Bill 12088, which restricts the size of new hypermarkets to about 20,000 square feet, a tenth the size of a Wal-Mart Supercenter, which sell both food and general merchandise. </s>"
578,"<s>[INST]  Prompted by owners of small and mid-size businesses, the Buenos Aires legislature is expected soon to vote on Bill 12088, which restricts the size [/INST]  of new hypermarkets to about 20,000 square feet, a tenth the size of a Wal-Mart Supercenter, which sell both food and general merchandise. The Bentonville, Ark. , retailer now operates 11 supercenters in Argentina, including four in Buenos Aires, the country's most populous province. </s>"
579,"<s>[INST] Full text: The legislatures of Buenos Aires and other Argentine provinces are considering bills limiting the size of retail stores, a move that would thwart Wal-Mart Stores Inc.'s plans to expand in the country.  Prompted by owners of small and mid-size businesses, the Buenos Aires legislature is expected soon to vote on Bill 12088, which restricts the size [/INST]  of new hypermarkets to about 20,000 square feet, a tenth the size of a Wal-Mart Supercenter, which sell both food and general merchandise. The Bentonville, Ark. </s>"
580,"<s>[INST]  , retailer now operates 11 supercenters in Argentina, including four [/INST]  in Buenos Aires, the country's most populous province. The company entered Argentina five years ago and considers it an important growth market; it had planned to open four additional stores there in the next two to three years. The bill is being hammered out in the Buenos Aires provincial congress, and a final draft should reach Buenos Aires Gov. </s>"
581,"<s>[INST] The Bentonville, Ark.  , retailer now operates 11 supercenters in Argentina, including four [/INST]  in Buenos Aires, the country's most populous province. The company entered Argentina five years ago and considers it an important growth market; it had planned to open four additional stores there in the next two to three years. </s>"
582,"<s>[INST]  The company entered Argentina five years ago and considers it an important growth market; it had [/INST]  planned to open four additional stores there in the next two to three years. The bill is being hammered out in the Buenos Aires provincial congress, and a final draft should reach Buenos Aires Gov. Carlos Ruckauf any day. </s>"
583,"<s>[INST] , retailer now operates 11 supercenters in Argentina, including four in Buenos Aires, the country's most populous province.  The company entered Argentina five years ago and considers it an important growth market; it had [/INST]  planned to open four additional stores there in the next two to three years. The bill is being hammered out in the Buenos Aires provincial congress, and a final draft should reach Buenos Aires Gov. </s>"
584,"<s>[INST]  The bill is being hammered out in the Buenos Aires provincial [/INST]  congress, and a final draft should reach Buenos Aires Gov. Carlos Ruckauf any day. If the bill is approved, Wal-Mart officials say the company, which employs 2,000 people in Buenos Aires, will be forced to halt its expansion there. </s>"
585,"<s>[INST] The company entered Argentina five years ago and considers it an important growth market; it had planned to open four additional stores there in the next two to three years.  The bill is being hammered out in the Buenos Aires provincial [/INST]  congress, and a final draft should reach Buenos Aires Gov. Carlos Ruckauf any day. </s>"
586,"<s>[INST]  If the bill is approved, Wal-Mart officials say the company, which employs 2,000 [/INST]  people in Buenos Aires, will be forced to halt its expansion there. The company said it fears other provinces will follow suit, shutting down its expansion countrywide. ""In countries where we do business, 11 stores is not our goal,"" says Jay Allen, Wal-Mart's vice president of corporate affairs. </s>"
587,"<s>[INST] Carlos Ruckauf any day.  If the bill is approved, Wal-Mart officials say the company, which employs 2,000 [/INST]  people in Buenos Aires, will be forced to halt its expansion there. The company said it fears other provinces will follow suit, shutting down its expansion countrywide. </s>"
588,"<s>[INST]  The company said it fears other provinces will [/INST]  follow suit, shutting down its expansion countrywide. ""In countries where we do business, 11 stores is not our goal,"" says Jay Allen, Wal-Mart's vice president of corporate affairs. ""The bigger we are, the more economies of scale we can derive, which allows us to drive costs out of the business and pass the savings onto the consumer"". </s>"
589,"<s>[INST] If the bill is approved, Wal-Mart officials say the company, which employs 2,000 people in Buenos Aires, will be forced to halt its expansion there.  The company said it fears other provinces will [/INST]  follow suit, shutting down its expansion countrywide. ""In countries where we do business, 11 stores is not our goal,"" says Jay Allen, Wal-Mart's vice president of corporate affairs. </s>"
590,"<s>[INST]  ""In countries where we do business, 11 stores is not our [/INST]  goal,"" says Jay Allen, Wal-Mart's vice president of corporate affairs. ""The bigger we are, the more economies of scale we can derive, which allows us to drive costs out of the business and pass the savings onto the consumer"". A spokesman for Gov. </s>"
591,"<s>[INST] The company said it fears other provinces will follow suit, shutting down its expansion countrywide.  ""In countries where we do business, 11 stores is not our [/INST]  goal,"" says Jay Allen, Wal-Mart's vice president of corporate affairs. ""The bigger we are, the more economies of scale we can derive, which allows us to drive costs out of the business and pass the savings onto the consumer"". </s>"
592,"<s>[INST]  ""The bigger we are, the more economies of scale we can derive, which allows us [/INST]  to drive costs out of the business and pass the savings onto the consumer"". A spokesman for Gov. Ruckauf said the governor hasn't taken a position on the bill. </s>"
593,"<s>[INST] ""In countries where we do business, 11 stores is not our goal,"" says Jay Allen, Wal-Mart's vice president of corporate affairs.  ""The bigger we are, the more economies of scale we can derive, which allows us [/INST]  to drive costs out of the business and pass the savings onto the consumer"". A spokesman for Gov. </s>"
594,"<s>[INST]  Ruckauf said the governor hasn't taken [/INST]  a position on the bill. ""This is a proposal from local businesses that see their sales threatened,"" said the spokesman, Juan Carlos Ruiz. ""But at no time has the governor issued an opinion on the proposal or said he would opt for it"". </s>"
595,"<s>[INST] A spokesman for Gov.  Ruckauf said the governor hasn't taken [/INST]  a position on the bill. ""This is a proposal from local businesses that see their sales threatened,"" said the spokesman, Juan Carlos Ruiz. </s>"
596,"<s>[INST]  ""This is a proposal from local businesses that see their [/INST]  sales threatened,"" said the spokesman, Juan Carlos Ruiz. ""But at no time has the governor issued an opinion on the proposal or said he would opt for it"". Mr. Ruiz said that in general the governor was interested in attracting jobs and investment to the state. </s>"
597,"<s>[INST] Ruckauf said the governor hasn't taken a position on the bill.  ""This is a proposal from local businesses that see their [/INST]  sales threatened,"" said the spokesman, Juan Carlos Ruiz. ""But at no time has the governor issued an opinion on the proposal or said he would opt for it"". </s>"
598,"<s>[INST]  ""But at no time has the governor issued an opinion on [/INST]  the proposal or said he would opt for it"". Mr. Ruiz said that in general the governor was interested in attracting jobs and investment to the state. The discussion over the retail law reflects a broader economic debate in Argentina over how the country can best escape its economic doldrums. </s>"
599,"<s>[INST] ""This is a proposal from local businesses that see their sales threatened,"" said the spokesman, Juan Carlos Ruiz.  ""But at no time has the governor issued an opinion on [/INST]  the proposal or said he would opt for it"". Mr. Ruiz said that in general the governor was interested in attracting jobs and investment to the state. </s>"
600,<s>[INST]  Mr. Ruiz said that in general the governor was interested [/INST]  in attracting jobs and investment to the state. The discussion over the retail law reflects a broader economic debate in Argentina over how the country can best escape its economic doldrums. Some Argentine politicians are supporting protectionist and interventionist measures designed to nurture domestic industries even if that means penalizing multinationals. </s>
601,"<s>[INST] ""But at no time has the governor issued an opinion on the proposal or said he would opt for it"".  Mr. Ruiz said that in general the governor was interested [/INST]  in attracting jobs and investment to the state. The discussion over the retail law reflects a broader economic debate in Argentina over how the country can best escape its economic doldrums. </s>"
602,<s>[INST]  The discussion over the retail law reflects a broader economic debate in [/INST]  Argentina over how the country can best escape its economic doldrums. Some Argentine politicians are supporting protectionist and interventionist measures designed to nurture domestic industries even if that means penalizing multinationals. Other Argentine leaders say that massive foreign investment is the answer to Argentina's woes and that the country's policy-makers need to bend over backward to please multinational companies. </s>
603,<s>[INST] Mr. Ruiz said that in general the governor was interested in attracting jobs and investment to the state.  The discussion over the retail law reflects a broader economic debate in [/INST]  Argentina over how the country can best escape its economic doldrums. Some Argentine politicians are supporting protectionist and interventionist measures designed to nurture domestic industries even if that means penalizing multinationals. </s>
604,<s>[INST]  Some Argentine politicians are supporting protectionist and interventionist measures designed to [/INST]  nurture domestic industries even if that means penalizing multinationals. Other Argentine leaders say that massive foreign investment is the answer to Argentina's woes and that the country's policy-makers need to bend over backward to please multinational companies. The debate is giving investors mixed signals. </s>
605,<s>[INST] The discussion over the retail law reflects a broader economic debate in Argentina over how the country can best escape its economic doldrums.  Some Argentine politicians are supporting protectionist and interventionist measures designed to [/INST]  nurture domestic industries even if that means penalizing multinationals. Other Argentine leaders say that massive foreign investment is the answer to Argentina's woes and that the country's policy-makers need to bend over backward to please multinational companies. </s>
606,<s>[INST]  Other Argentine leaders say that massive foreign investment is the answer to Argentina's woes and [/INST]  that the country's policy-makers need to bend over backward to please multinational companies. The debate is giving investors mixed signals. Argentina has sent delegations to meet with U.S. businesses and investment banks to encourage them to invest in the country. </s>
607,<s>[INST] Some Argentine politicians are supporting protectionist and interventionist measures designed to nurture domestic industries even if that means penalizing multinationals.  Other Argentine leaders say that massive foreign investment is the answer to Argentina's woes and [/INST]  that the country's policy-makers need to bend over backward to please multinational companies. The debate is giving investors mixed signals. </s>
608,"<s>[INST]  Argentina has sent delegations to meet with U.S. businesses and investment [/INST]  banks to encourage them to invest in the country. ""Here is a country that is going on road shows for international investment, and yet they're looking at this kind of action, which essentially limits investment and limits growth,"" says Horacio Achaval, chief operating officer of Wal-Mart Argentina. Arguing that small and mid-sized retailers can't compete against giant stores on price, three Buenos Aires congressmen introduced similar bills last spring that would limit a hypermarket's size. </s>"
609,"<s>[INST] The debate is giving investors mixed signals.  Argentina has sent delegations to meet with U.S. businesses and investment [/INST]  banks to encourage them to invest in the country. ""Here is a country that is going on road shows for international investment, and yet they're looking at this kind of action, which essentially limits investment and limits growth,"" says Horacio Achaval, chief operating officer of Wal-Mart Argentina. </s>"
610,"<s>[INST]  ""Here is a country that is going on road shows for international investment, and yet they're looking at this kind [/INST]  of action, which essentially limits investment and limits growth,"" says Horacio Achaval, chief operating officer of Wal-Mart Argentina. Arguing that small and mid-sized retailers can't compete against giant stores on price, three Buenos Aires congressmen introduced similar bills last spring that would limit a hypermarket's size. The government imposed a 180-day moratorium on hypermarket construction while it considered the bill. </s>"
611,"<s>[INST] Argentina has sent delegations to meet with U.S. businesses and investment banks to encourage them to invest in the country.  ""Here is a country that is going on road shows for international investment, and yet they're looking at this kind [/INST]  of action, which essentially limits investment and limits growth,"" says Horacio Achaval, chief operating officer of Wal-Mart Argentina. Arguing that small and mid-sized retailers can't compete against giant stores on price, three Buenos Aires congressmen introduced similar bills last spring that would limit a hypermarket's size. </s>"
612,"<s>[INST]  Arguing that small and mid-sized retailers can't compete against giant stores on price, three Buenos [/INST]  Aires congressmen introduced similar bills last spring that would limit a hypermarket's size. The government imposed a 180-day moratorium on hypermarket construction while it considered the bill. The moratorium ends Dec. </s>"
613,"<s>[INST] ""Here is a country that is going on road shows for international investment, and yet they're looking at this kind of action, which essentially limits investment and limits growth,"" says Horacio Achaval, chief operating officer of Wal-Mart Argentina.  Arguing that small and mid-sized retailers can't compete against giant stores on price, three Buenos [/INST]  Aires congressmen introduced similar bills last spring that would limit a hypermarket's size. The government imposed a 180-day moratorium on hypermarket construction while it considered the bill. </s>"
614,"<s>[INST]  The government imposed a 180-day moratorium on hypermarket [/INST]  construction while it considered the bill. The moratorium ends Dec. 5, and Wal-Mart officials say the bill could be voted into law before then. </s>"
615,"<s>[INST] Arguing that small and mid-sized retailers can't compete against giant stores on price, three Buenos Aires congressmen introduced similar bills last spring that would limit a hypermarket's size.  The government imposed a 180-day moratorium on hypermarket [/INST]  construction while it considered the bill. The moratorium ends Dec. </s>"
616,"<s>[INST]  5, and Wal-Mart officials say the bill could [/INST]  be voted into law before then. The congressmen couldn't be reached for comment. Dario Lizzano, chief of research in Buenos Aires for Santander Centro Hispano Investment, said, ""Mom-and-pop stores have been severely affected by the installation of hypermarkets. </s>"
617,"<s>[INST] The moratorium ends Dec.  5, and Wal-Mart officials say the bill could [/INST]  be voted into law before then. The congressmen couldn't be reached for comment. </s>"
618,"<s>[INST]  Dario Lizzano, chief of research in Buenos Aires for Santander Centro Hispano Investment, [/INST]  said, ""Mom-and-pop stores have been severely affected by the installation of hypermarkets. The political argument has been advanced that by preventing these companies from opening it would help restore the mom and pop stores and improve employment, something that may be true and may not be true"". ""Argentina wants economic growth back in place,"" says Tom Donohue, president of the U.S. Chamber of Commerce. </s>"
619,"<s>[INST] The congressmen couldn't be reached for comment.  Dario Lizzano, chief of research in Buenos Aires for Santander Centro Hispano Investment, [/INST]  said, ""Mom-and-pop stores have been severely affected by the installation of hypermarkets. The political argument has been advanced that by preventing these companies from opening it would help restore the mom and pop stores and improve employment, something that may be true and may not be true"". </s>"
620,"<s>[INST]  The political argument has been advanced that by preventing these companies from opening it would help restore the [/INST]  mom and pop stores and improve employment, something that may be true and may not be true"". ""Argentina wants economic growth back in place,"" says Tom Donohue, president of the U.S. Chamber of Commerce. ""They want the support of the foreign business community. </s>"
621,"<s>[INST] Dario Lizzano, chief of research in Buenos Aires for Santander Centro Hispano Investment, said, ""Mom-and-pop stores have been severely affected by the installation of hypermarkets.  The political argument has been advanced that by preventing these companies from opening it would help restore the [/INST]  mom and pop stores and improve employment, something that may be true and may not be true"". ""Argentina wants economic growth back in place,"" says Tom Donohue, president of the U.S. Chamber of Commerce. </s>"
622,"<s>[INST]  ""Argentina wants economic growth back in place,"" says Tom [/INST]  Donohue, president of the U.S. Chamber of Commerce. ""They want the support of the foreign business community. This is not a good time to say to one of the most respected companies in the world, we made a deal and now we're changing the rules. </s>"
623,"<s>[INST] The political argument has been advanced that by preventing these companies from opening it would help restore the mom and pop stores and improve employment, something that may be true and may not be true"".  ""Argentina wants economic growth back in place,"" says Tom [/INST]  Donohue, president of the U.S. Chamber of Commerce. ""They want the support of the foreign business community. </s>"
624,"<s>[INST]  This is not a good time to say to one of the most respected companies [/INST]  in the world, we made a deal and now we're changing the rules. Companies will wonder who else are they going to do that to"". Wal-Mart's biggest competitor in the country is Carrefour SA, a French supermarket chain that last year merged with Promodes to form the largest supermarket chain in Argentina. </s>"
625,"<s>[INST] ""They want the support of the foreign business community.  This is not a good time to say to one of the most respected companies [/INST]  in the world, we made a deal and now we're changing the rules. Companies will wonder who else are they going to do that to"". </s>"
626,"<s>[INST]  Companies will wonder who else are they [/INST]  going to do that to"". Wal-Mart's biggest competitor in the country is Carrefour SA, a French supermarket chain that last year merged with Promodes to form the largest supermarket chain in Argentina. Carrefour has 259 stores of varying formats in the country, with 22 hypermarkets in Buenos Aires province. </s>"
627,"<s>[INST] This is not a good time to say to one of the most respected companies in the world, we made a deal and now we're changing the rules.  Companies will wonder who else are they [/INST]  going to do that to"". Wal-Mart's biggest competitor in the country is Carrefour SA, a French supermarket chain that last year merged with Promodes to form the largest supermarket chain in Argentina. </s>"
628,"<s>[INST]  Wal-Mart's biggest competitor in the country is Carrefour SA, a French supermarket chain that [/INST]  last year merged with Promodes to form the largest supermarket chain in Argentina. Carrefour has 259 stores of varying formats in the country, with 22 hypermarkets in Buenos Aires province. Wal-Mart officials have met with Buenos Aires legislators and have enlisted the help of the U.S. Chamber of Commerce and the U.S. Embassy in Buenos Aires. </s>"
629,"<s>[INST] Companies will wonder who else are they going to do that to"".  Wal-Mart's biggest competitor in the country is Carrefour SA, a French supermarket chain that [/INST]  last year merged with Promodes to form the largest supermarket chain in Argentina. Carrefour has 259 stores of varying formats in the country, with 22 hypermarkets in Buenos Aires province. </s>"
630,"<s>[INST]  Carrefour has 259 stores of varying formats in the [/INST]  country, with 22 hypermarkets in Buenos Aires province. Wal-Mart officials have met with Buenos Aires legislators and have enlisted the help of the U.S. Chamber of Commerce and the U.S. Embassy in Buenos Aires. Arkansas Sens. </s>"
631,"<s>[INST] Wal-Mart's biggest competitor in the country is Carrefour SA, a French supermarket chain that last year merged with Promodes to form the largest supermarket chain in Argentina.  Carrefour has 259 stores of varying formats in the [/INST]  country, with 22 hypermarkets in Buenos Aires province. Wal-Mart officials have met with Buenos Aires legislators and have enlisted the help of the U.S. Chamber of Commerce and the U.S. Embassy in Buenos Aires. </s>"
632,"<s>[INST]  Wal-Mart officials have met with Buenos Aires legislators and have enlisted the help of [/INST]  the U.S. Chamber of Commerce and the U.S. Embassy in Buenos Aires. Arkansas Sens. Blanche Lincoln and Tim Hutchinson two weeks ago sent a joint letter to U.S. Secretary of State Madeleine Albright, requesting that she encourage the Argentine government to defeat the legislation. </s>"
633,"<s>[INST] Carrefour has 259 stores of varying formats in the country, with 22 hypermarkets in Buenos Aires province.  Wal-Mart officials have met with Buenos Aires legislators and have enlisted the help of [/INST]  the U.S. Chamber of Commerce and the U.S. Embassy in Buenos Aires. Arkansas Sens. </s>"
634,"<s>[INST]  Blanche Lincoln and Tim Hutchinson two weeks ago sent a joint letter to U.S. Secretary of [/INST]  State Madeleine Albright, requesting that she encourage the Argentine government to defeat the legislation. ""This bill is anticompetitive and contrary to the spirit of free trade,"" the senators wrote. Credit: Staff Reporters of The Wall Street Journal </s>"
635,"<s>[INST] Arkansas Sens.  Blanche Lincoln and Tim Hutchinson two weeks ago sent a joint letter to U.S. Secretary of [/INST]  State Madeleine Albright, requesting that she encourage the Argentine government to defeat the legislation. ""This bill is anticompetitive and contrary to the spirit of free trade,"" the senators wrote. </s>"
636,"<s>[INST]  accountid=28034 Abstract: Brazil appears to be suffering from a perception that its [/INST]  economy is more interlinked with Argentina than it actually is. Argentina sends nearly one-quarter of its exports to Brazil, while Brazil sells just 10% of its exports to Argentina. Still, Argentina's instability complicates efforts to boost regional trade; Brazil and Argentina have been locked in a duel over import tariffs for autos. </s>"
637,"<s>[INST] proquest.com/docview/398765140?  accountid=28034 Abstract: Brazil appears to be suffering from a perception that its [/INST]  economy is more interlinked with Argentina than it actually is. Argentina sends nearly one-quarter of its exports to Brazil, while Brazil sells just 10% of its exports to Argentina. </s>"
638,"<s>[INST]  Argentina sends nearly one-quarter of its exports to Brazil, while [/INST]  Brazil sells just 10% of its exports to Argentina. Still, Argentina's instability complicates efforts to boost regional trade; Brazil and Argentina have been locked in a duel over import tariffs for autos. And it highlights the Achilles' heel in Brazil's recovery from a massive 1999 devaluation: vulnerability to external shocks. </s>"
639,"<s>[INST] accountid=28034  Abstract: Brazil appears to be suffering from a perception that its economy is more interlinked with Argentina than it actually is.  Argentina sends nearly one-quarter of its exports to Brazil, while [/INST]  Brazil sells just 10% of its exports to Argentina. Still, Argentina's instability complicates efforts to boost regional trade; Brazil and Argentina have been locked in a duel over import tariffs for autos. </s>"
640,"<s>[INST]  Still, Argentina's instability complicates efforts to boost regional trade; Brazil and Argentina [/INST]  have been locked in a duel over import tariffs for autos. And it highlights the Achilles' heel in Brazil's recovery from a massive 1999 devaluation: vulnerability to external shocks. Full text: Argentina's political problems and its persistent economic slump are making global markets increasingly skittish about the country's mountainous debt load. </s>"
641,"<s>[INST] Argentina sends nearly one-quarter of its exports to Brazil, while Brazil sells just 10% of its exports to Argentina.  Still, Argentina's instability complicates efforts to boost regional trade; Brazil and Argentina [/INST]  have been locked in a duel over import tariffs for autos. And it highlights the Achilles' heel in Brazil's recovery from a massive 1999 devaluation: vulnerability to external shocks. </s>"
642,"<s>[INST]  And it highlights the Achilles' heel in Brazil's recovery from [/INST]  a massive 1999 devaluation: vulnerability to external shocks. Full text: Argentina's political problems and its persistent economic slump are making global markets increasingly skittish about the country's mountainous debt load. Most investors think Argentina, which is being buffeted by a corruption scandal that prompted the vice president to resign recently, will manage to scrape by and pay its bills, at least in the coming months. </s>"
643,"<s>[INST] Still, Argentina's instability complicates efforts to boost regional trade; Brazil and Argentina have been locked in a duel over import tariffs for autos.  And it highlights the Achilles' heel in Brazil's recovery from [/INST]  a massive 1999 devaluation: vulnerability to external shocks. Full text: Argentina's political problems and its persistent economic slump are making global markets increasingly skittish about the country's mountainous debt load. </s>"
644,"<s>[INST]  Full text: Argentina's political problems and its persistent economic slump are making [/INST]  global markets increasingly skittish about the country's mountainous debt load. Most investors think Argentina, which is being buffeted by a corruption scandal that prompted the vice president to resign recently, will manage to scrape by and pay its bills, at least in the coming months. But the country's bonds have gotten clobbered recently and its troubles are starting to spill into neighboring Brazil, where the real hit an 11-month low yesterday. </s>"
645,"<s>[INST] And it highlights the Achilles' heel in Brazil's recovery from a massive 1999 devaluation: vulnerability to external shocks.  Full text: Argentina's political problems and its persistent economic slump are making [/INST]  global markets increasingly skittish about the country's mountainous debt load. Most investors think Argentina, which is being buffeted by a corruption scandal that prompted the vice president to resign recently, will manage to scrape by and pay its bills, at least in the coming months. </s>"
646,"<s>[INST]  Most investors think Argentina, which is being buffeted by a corruption scandal that prompted the vice president to [/INST]  resign recently, will manage to scrape by and pay its bills, at least in the coming months. But the country's bonds have gotten clobbered recently and its troubles are starting to spill into neighboring Brazil, where the real hit an 11-month low yesterday. ""There's a certain amount of panic in the market,"" says James Barrineau, who helps manage emerging-market debt at Alliance Capital Management LP in New York. </s>"
647,"<s>[INST] Full text: Argentina's political problems and its persistent economic slump are making global markets increasingly skittish about the country's mountainous debt load.  Most investors think Argentina, which is being buffeted by a corruption scandal that prompted the vice president to [/INST]  resign recently, will manage to scrape by and pay its bills, at least in the coming months. But the country's bonds have gotten clobbered recently and its troubles are starting to spill into neighboring Brazil, where the real hit an 11-month low yesterday. </s>"
648,"<s>[INST]  But the country's bonds have gotten clobbered recently and its troubles are starting to [/INST]  spill into neighboring Brazil, where the real hit an 11-month low yesterday. ""There's a certain amount of panic in the market,"" says James Barrineau, who helps manage emerging-market debt at Alliance Capital Management LP in New York. ""The uppermost thing in people's minds is the worst-case scenario: debt restructuring"". </s>"
649,"<s>[INST] Most investors think Argentina, which is being buffeted by a corruption scandal that prompted the vice president to resign recently, will manage to scrape by and pay its bills, at least in the coming months.  But the country's bonds have gotten clobbered recently and its troubles are starting to [/INST]  spill into neighboring Brazil, where the real hit an 11-month low yesterday. ""There's a certain amount of panic in the market,"" says James Barrineau, who helps manage emerging-market debt at Alliance Capital Management LP in New York. </s>"
650,"<s>[INST]  ""There's a certain amount of panic in the market,"" says James Barrineau, who [/INST]  helps manage emerging-market debt at Alliance Capital Management LP in New York. ""The uppermost thing in people's minds is the worst-case scenario: debt restructuring"". The shifting winds come as a bit of a shock for Argentina, which is one of the most frequent emerging-market borrowers and until recently had little trouble persuading foreign mutual-fund and insurance companies to buy its debt. </s>"
651,"<s>[INST] But the country's bonds have gotten clobbered recently and its troubles are starting to spill into neighboring Brazil, where the real hit an 11-month low yesterday.  ""There's a certain amount of panic in the market,"" says James Barrineau, who [/INST]  helps manage emerging-market debt at Alliance Capital Management LP in New York. ""The uppermost thing in people's minds is the worst-case scenario: debt restructuring"". </s>"
652,"<s>[INST]  ""The uppermost thing in people's minds is [/INST]  the worst-case scenario: debt restructuring"". The shifting winds come as a bit of a shock for Argentina, which is one of the most frequent emerging-market borrowers and until recently had little trouble persuading foreign mutual-fund and insurance companies to buy its debt. But earlier this week, the government announced it would meet the rest of this year's debt payments with a roughly $1 billion loan from local banks, instead of tapping international markets. </s>"
653,"<s>[INST] ""There's a certain amount of panic in the market,"" says James Barrineau, who helps manage emerging-market debt at Alliance Capital Management LP in New York.  ""The uppermost thing in people's minds is [/INST]  the worst-case scenario: debt restructuring"". The shifting winds come as a bit of a shock for Argentina, which is one of the most frequent emerging-market borrowers and until recently had little trouble persuading foreign mutual-fund and insurance companies to buy its debt. </s>"
654,"<s>[INST]  The shifting winds come as a bit of a shock for Argentina, which is one of the most frequent [/INST]  emerging-market borrowers and until recently had little trouble persuading foreign mutual-fund and insurance companies to buy its debt. But earlier this week, the government announced it would meet the rest of this year's debt payments with a roughly $1 billion loan from local banks, instead of tapping international markets. Finance Minister Jose Luis Machinea recently sent a chill through bond markets by noting that Argentina could tap an emergency credit line from the International Monetary Fund. </s>"
655,"<s>[INST] ""The uppermost thing in people's minds is the worst-case scenario: debt restructuring"".  The shifting winds come as a bit of a shock for Argentina, which is one of the most frequent [/INST]  emerging-market borrowers and until recently had little trouble persuading foreign mutual-fund and insurance companies to buy its debt. But earlier this week, the government announced it would meet the rest of this year's debt payments with a roughly $1 billion loan from local banks, instead of tapping international markets. </s>"
656,"<s>[INST]  But earlier this week, the government announced it would meet the rest of this year's debt [/INST]  payments with a roughly $1 billion loan from local banks, instead of tapping international markets. Finance Minister Jose Luis Machinea recently sent a chill through bond markets by noting that Argentina could tap an emergency credit line from the International Monetary Fund. ""The fact that they got this $1 billion is positive, but it's a short-term solution,"" says Lacey Gallagher, director of Latin America economics at Credit Suisse First Boston. </s>"
657,"<s>[INST] The shifting winds come as a bit of a shock for Argentina, which is one of the most frequent emerging-market borrowers and until recently had little trouble persuading foreign mutual-fund and insurance companies to buy its debt.  But earlier this week, the government announced it would meet the rest of this year's debt [/INST]  payments with a roughly $1 billion loan from local banks, instead of tapping international markets. Finance Minister Jose Luis Machinea recently sent a chill through bond markets by noting that Argentina could tap an emergency credit line from the International Monetary Fund. </s>"
658,"<s>[INST]  Finance Minister Jose Luis Machinea recently sent a chill through bond markets by noting [/INST]  that Argentina could tap an emergency credit line from the International Monetary Fund. ""The fact that they got this $1 billion is positive, but it's a short-term solution,"" says Lacey Gallagher, director of Latin America economics at Credit Suisse First Boston. ""They need to go back to the markets this year to begin prefinancing the 2001 program"". </s>"
659,"<s>[INST] But earlier this week, the government announced it would meet the rest of this year's debt payments with a roughly $1 billion loan from local banks, instead of tapping international markets.  Finance Minister Jose Luis Machinea recently sent a chill through bond markets by noting [/INST]  that Argentina could tap an emergency credit line from the International Monetary Fund. ""The fact that they got this $1 billion is positive, but it's a short-term solution,"" says Lacey Gallagher, director of Latin America economics at Credit Suisse First Boston. </s>"
660,"<s>[INST]  ""The fact that they got this $1 billion is positive, but it's a short-term solution,"" [/INST]  says Lacey Gallagher, director of Latin America economics at Credit Suisse First Boston. ""They need to go back to the markets this year to begin prefinancing the 2001 program"". An immediate concern is the first quarter of next year, when Argentina has about $4.6 billion coming due. </s>"
661,"<s>[INST] Finance Minister Jose Luis Machinea recently sent a chill through bond markets by noting that Argentina could tap an emergency credit line from the International Monetary Fund.  ""The fact that they got this $1 billion is positive, but it's a short-term solution,"" [/INST]  says Lacey Gallagher, director of Latin America economics at Credit Suisse First Boston. ""They need to go back to the markets this year to begin prefinancing the 2001 program"". </s>"
662,"<s>[INST]  ""They need to go back to the markets this [/INST]  year to begin prefinancing the 2001 program"". An immediate concern is the first quarter of next year, when Argentina has about $4.6 billion coming due. It can count on local markets for nearly two thirds of that amount, but it needs international investors for the rest. </s>"
663,"<s>[INST] ""The fact that they got this $1 billion is positive, but it's a short-term solution,"" says Lacey Gallagher, director of Latin America economics at Credit Suisse First Boston.  ""They need to go back to the markets this [/INST]  year to begin prefinancing the 2001 program"". An immediate concern is the first quarter of next year, when Argentina has about $4.6 billion coming due. </s>"
664,"<s>[INST]  An immediate concern is the first quarter of next year, [/INST]  when Argentina has about $4.6 billion coming due. It can count on local markets for nearly two thirds of that amount, but it needs international investors for the rest. In 2001, Argentina needs to raise about $14 billion, with at least half expected to come from international markets. </s>"
665,"<s>[INST] ""They need to go back to the markets this year to begin prefinancing the 2001 program"".  An immediate concern is the first quarter of next year, [/INST]  when Argentina has about $4.6 billion coming due. It can count on local markets for nearly two thirds of that amount, but it needs international investors for the rest. </s>"
666,"<s>[INST]  It can count on local markets for nearly two thirds of [/INST]  that amount, but it needs international investors for the rest. In 2001, Argentina needs to raise about $14 billion, with at least half expected to come from international markets. For now, the bad news is mounting on several fronts. </s>"
667,"<s>[INST] An immediate concern is the first quarter of next year, when Argentina has about $4.6 billion coming due.  It can count on local markets for nearly two thirds of [/INST]  that amount, but it needs international investors for the rest. In 2001, Argentina needs to raise about $14 billion, with at least half expected to come from international markets. </s>"
668,"<s>[INST]  In 2001, Argentina needs to raise about $14 billion, with [/INST]  at least half expected to come from international markets. For now, the bad news is mounting on several fronts. President Fernando de la Rua is struggling to hold his government together following a bribery scandal that forced out top aids and prompted his vice president to resign. </s>"
669,"<s>[INST] It can count on local markets for nearly two thirds of that amount, but it needs international investors for the rest.  In 2001, Argentina needs to raise about $14 billion, with [/INST]  at least half expected to come from international markets. For now, the bad news is mounting on several fronts. </s>"
670,"<s>[INST]  President Fernando de la Rua is struggling to hold his government together following a bribery [/INST]  scandal that forced out top aids and prompted his vice president to resign. Tax rises earlier this year weren't matched by a hoped-for jump in economic growth to pop the country out of its slump. Global prices for wheat and soybeans, which make up nearly half of Argentine exports, have plummeted. </s>"
671,"<s>[INST] For now, the bad news is mounting on several fronts.  President Fernando de la Rua is struggling to hold his government together following a bribery [/INST]  scandal that forced out top aids and prompted his vice president to resign. Tax rises earlier this year weren't matched by a hoped-for jump in economic growth to pop the country out of its slump. </s>"
672,"<s>[INST]  Tax rises earlier this year weren't matched by a hoped-for jump in [/INST]  economic growth to pop the country out of its slump. Global prices for wheat and soybeans, which make up nearly half of Argentine exports, have plummeted. Earlier this week, Mr. Machinea unveiled a plan to jump-start the economy that included cutting some corporate taxes. </s>"
673,"<s>[INST] President Fernando de la Rua is struggling to hold his government together following a bribery scandal that forced out top aids and prompted his vice president to resign.  Tax rises earlier this year weren't matched by a hoped-for jump in [/INST]  economic growth to pop the country out of its slump. Global prices for wheat and soybeans, which make up nearly half of Argentine exports, have plummeted. </s>"
674,"<s>[INST]  Global prices for wheat and soybeans, which make up [/INST]  nearly half of Argentine exports, have plummeted. Earlier this week, Mr. Machinea unveiled a plan to jump-start the economy that included cutting some corporate taxes. But he admitted the plan's success hinges on whether a Congress fractured by the political upheaval passes the 2001 budget without further tax increases. </s>"
675,"<s>[INST] Tax rises earlier this year weren't matched by a hoped-for jump in economic growth to pop the country out of its slump.  Global prices for wheat and soybeans, which make up [/INST]  nearly half of Argentine exports, have plummeted. Earlier this week, Mr. Machinea unveiled a plan to jump-start the economy that included cutting some corporate taxes. </s>"
676,"<s>[INST]  Earlier this week, Mr. Machinea unveiled a plan to jump-start [/INST]  the economy that included cutting some corporate taxes. But he admitted the plan's success hinges on whether a Congress fractured by the political upheaval passes the 2001 budget without further tax increases. Brazil appears to be suffering from a perception that its economy is more interlinked with Argentina than it actually is. </s>"
677,"<s>[INST] Global prices for wheat and soybeans, which make up nearly half of Argentine exports, have plummeted.  Earlier this week, Mr. Machinea unveiled a plan to jump-start [/INST]  the economy that included cutting some corporate taxes. But he admitted the plan's success hinges on whether a Congress fractured by the political upheaval passes the 2001 budget without further tax increases. </s>"
678,"<s>[INST]  But he admitted the plan's success hinges on whether a Congress fractured by [/INST]  the political upheaval passes the 2001 budget without further tax increases. Brazil appears to be suffering from a perception that its economy is more interlinked with Argentina than it actually is. Argentina sends nearly one-quarter of its exports to Brazil, while Brazil sells just 10% of its exports to Argentina. </s>"
679,"<s>[INST] Earlier this week, Mr. Machinea unveiled a plan to jump-start the economy that included cutting some corporate taxes.  But he admitted the plan's success hinges on whether a Congress fractured by [/INST]  the political upheaval passes the 2001 budget without further tax increases. Brazil appears to be suffering from a perception that its economy is more interlinked with Argentina than it actually is. </s>"
680,"<s>[INST]  Brazil appears to be suffering from a perception that its economy [/INST]  is more interlinked with Argentina than it actually is. Argentina sends nearly one-quarter of its exports to Brazil, while Brazil sells just 10% of its exports to Argentina. Still, Argentina's instability complicates efforts to boost regional trade; Brazil and Argentina have been locked in a duel over import tariffs for autos. </s>"
681,"<s>[INST] But he admitted the plan's success hinges on whether a Congress fractured by the political upheaval passes the 2001 budget without further tax increases.  Brazil appears to be suffering from a perception that its economy [/INST]  is more interlinked with Argentina than it actually is. Argentina sends nearly one-quarter of its exports to Brazil, while Brazil sells just 10% of its exports to Argentina. </s>"
682,"<s>[INST]  Argentina sends nearly one-quarter of its exports to Brazil, while [/INST]  Brazil sells just 10% of its exports to Argentina. Still, Argentina's instability complicates efforts to boost regional trade; Brazil and Argentina have been locked in a duel over import tariffs for autos. And it highlights the Achilles' heel in Brazil's recovery from a massive 1999 devaluation: vulnerability to external shocks. </s>"
683,"<s>[INST] Brazil appears to be suffering from a perception that its economy is more interlinked with Argentina than it actually is.  Argentina sends nearly one-quarter of its exports to Brazil, while [/INST]  Brazil sells just 10% of its exports to Argentina. Still, Argentina's instability complicates efforts to boost regional trade; Brazil and Argentina have been locked in a duel over import tariffs for autos. </s>"
684,"<s>[INST]  Still, Argentina's instability complicates efforts to boost regional trade; Brazil and Argentina [/INST]  have been locked in a duel over import tariffs for autos. And it highlights the Achilles' heel in Brazil's recovery from a massive 1999 devaluation: vulnerability to external shocks. Credit: Staff Reporters of The Wall Street Journal </s>"
685,"<s>[INST] Argentina sends nearly one-quarter of its exports to Brazil, while Brazil sells just 10% of its exports to Argentina.  Still, Argentina's instability complicates efforts to boost regional trade; Brazil and Argentina [/INST]  have been locked in a duel over import tariffs for autos. And it highlights the Achilles' heel in Brazil's recovery from a massive 1999 devaluation: vulnerability to external shocks. </s>"
686,"<s>[INST]  accountid=28034 Abstract: Of equal importance, an ""aggressive opening"" could [/INST]  provoke irredeemable political and social costs in Argentina. In his determined pursuit of the fiscal discipline championed by the international financial community, Mr. de la Rua has already spent most of his first six months of residence in the Casa Rosada pushing through a number of unpopular austerity measures to reduce his country's bulging deficit. Already suffering from around 15% unemployment and the worst recession in years (both inherited from the Menem presidency), Argentines have been hit hard by Mr. de la Rua's reforms. </s>"
687,"<s>[INST] proquest.com/docview/398760860?  accountid=28034 Abstract: Of equal importance, an ""aggressive opening"" could [/INST]  provoke irredeemable political and social costs in Argentina. In his determined pursuit of the fiscal discipline championed by the international financial community, Mr. de la Rua has already spent most of his first six months of residence in the Casa Rosada pushing through a number of unpopular austerity measures to reduce his country's bulging deficit. </s>"
688,"<s>[INST]  In his determined pursuit of the fiscal discipline championed by the international financial community, Mr. de la Rua has already spent most of his [/INST]  first six months of residence in the Casa Rosada pushing through a number of unpopular austerity measures to reduce his country's bulging deficit. Already suffering from around 15% unemployment and the worst recession in years (both inherited from the Menem presidency), Argentines have been hit hard by Mr. de la Rua's reforms. Full text: In her June 23 Americas column ""RX for Argentina: Export the IMF, Import Everything Else,"" Mary Anastasia O'Grady imprudently recommends that Argentine President Fernando de la Rua reduce tariffs on imported goods in order to generate trade and stimulate the economy. </s>"
689,"<s>[INST] accountid=28034  Abstract: Of equal importance, an ""aggressive opening"" could provoke irredeemable political and social costs in Argentina.  In his determined pursuit of the fiscal discipline championed by the international financial community, Mr. de la Rua has already spent most of his [/INST]  first six months of residence in the Casa Rosada pushing through a number of unpopular austerity measures to reduce his country's bulging deficit. Already suffering from around 15% unemployment and the worst recession in years (both inherited from the Menem presidency), Argentines have been hit hard by Mr. de la Rua's reforms. </s>"
690,"<s>[INST]  Already suffering from around 15% unemployment and the worst recession in years (both inherited from [/INST]  the Menem presidency), Argentines have been hit hard by Mr. de la Rua's reforms. Full text: In her June 23 Americas column ""RX for Argentina: Export the IMF, Import Everything Else,"" Mary Anastasia O'Grady imprudently recommends that Argentine President Fernando de la Rua reduce tariffs on imported goods in order to generate trade and stimulate the economy. In fact, such ""a bold unilateral opening"" would render the country impotent at the negotiation table, dashing any hopes Buenos Aires now has of persuading the U.S. and Europe of doing away with their agricultural subsidies. </s>"
691,"<s>[INST] In his determined pursuit of the fiscal discipline championed by the international financial community, Mr. de la Rua has already spent most of his first six months of residence in the Casa Rosada pushing through a number of unpopular austerity measures to reduce his country's bulging deficit.  Already suffering from around 15% unemployment and the worst recession in years (both inherited from [/INST]  the Menem presidency), Argentines have been hit hard by Mr. de la Rua's reforms. Full text: In her June 23 Americas column ""RX for Argentina: Export the IMF, Import Everything Else,"" Mary Anastasia O'Grady imprudently recommends that Argentine President Fernando de la Rua reduce tariffs on imported goods in order to generate trade and stimulate the economy. </s>"
692,"<s>[INST]  Full text: In her June 23 Americas column ""RX for Argentina: Export the IMF, Import Everything Else,"" Mary Anastasia O'Grady imprudently recommends [/INST]  that Argentine President Fernando de la Rua reduce tariffs on imported goods in order to generate trade and stimulate the economy. In fact, such ""a bold unilateral opening"" would render the country impotent at the negotiation table, dashing any hopes Buenos Aires now has of persuading the U.S. and Europe of doing away with their agricultural subsidies. Of equal importance, an ""aggressive opening"" could provoke irredeemable political and social costs in Argentina. </s>"
693,"<s>[INST] Already suffering from around 15% unemployment and the worst recession in years (both inherited from the Menem presidency), Argentines have been hit hard by Mr. de la Rua's reforms.  Full text: In her June 23 Americas column ""RX for Argentina: Export the IMF, Import Everything Else,"" Mary Anastasia O'Grady imprudently recommends [/INST]  that Argentine President Fernando de la Rua reduce tariffs on imported goods in order to generate trade and stimulate the economy. In fact, such ""a bold unilateral opening"" would render the country impotent at the negotiation table, dashing any hopes Buenos Aires now has of persuading the U.S. and Europe of doing away with their agricultural subsidies. </s>"
694,"<s>[INST]  In fact, such ""a bold unilateral opening"" would render the country impotent at the negotiation table, dashing any hopes [/INST]  Buenos Aires now has of persuading the U.S. and Europe of doing away with their agricultural subsidies. Of equal importance, an ""aggressive opening"" could provoke irredeemable political and social costs in Argentina. In his determined pursuit of the fiscal discipline championed by the international financial community, Mr. de la Rua has already spent most of his first six months of residence in the Casa Rosada pushing through a number of unpopular austerity measures to reduce his country's bulging deficit. </s>"
695,"<s>[INST] Full text: In her June 23 Americas column ""RX for Argentina: Export the IMF, Import Everything Else,"" Mary Anastasia O'Grady imprudently recommends that Argentine President Fernando de la Rua reduce tariffs on imported goods in order to generate trade and stimulate the economy.  In fact, such ""a bold unilateral opening"" would render the country impotent at the negotiation table, dashing any hopes [/INST]  Buenos Aires now has of persuading the U.S. and Europe of doing away with their agricultural subsidies. Of equal importance, an ""aggressive opening"" could provoke irredeemable political and social costs in Argentina. </s>"
696,"<s>[INST]  Of equal importance, an ""aggressive opening"" could provoke [/INST]  irredeemable political and social costs in Argentina. In his determined pursuit of the fiscal discipline championed by the international financial community, Mr. de la Rua has already spent most of his first six months of residence in the Casa Rosada pushing through a number of unpopular austerity measures to reduce his country's bulging deficit. Already suffering from around 15% unemployment and the worst recession in years (both inherited from the Menem presidency), Argentines have been hit hard by Mr. de la Rua's reforms. </s>"
697,"<s>[INST] In fact, such ""a bold unilateral opening"" would render the country impotent at the negotiation table, dashing any hopes Buenos Aires now has of persuading the U.S. and Europe of doing away with their agricultural subsidies.  Of equal importance, an ""aggressive opening"" could provoke [/INST]  irredeemable political and social costs in Argentina. In his determined pursuit of the fiscal discipline championed by the international financial community, Mr. de la Rua has already spent most of his first six months of residence in the Casa Rosada pushing through a number of unpopular austerity measures to reduce his country's bulging deficit. </s>"
698,"<s>[INST]  In his determined pursuit of the fiscal discipline championed by the international financial community, Mr. de la Rua has already spent most of his [/INST]  first six months of residence in the Casa Rosada pushing through a number of unpopular austerity measures to reduce his country's bulging deficit. Already suffering from around 15% unemployment and the worst recession in years (both inherited from the Menem presidency), Argentines have been hit hard by Mr. de la Rua's reforms. They demonstrated their bitterness in massive and often violent strikes and demonstrations, in which the dominant theme has been a repudiation of economic liberalization. </s>"
699,"<s>[INST] Of equal importance, an ""aggressive opening"" could provoke irredeemable political and social costs in Argentina.  In his determined pursuit of the fiscal discipline championed by the international financial community, Mr. de la Rua has already spent most of his [/INST]  first six months of residence in the Casa Rosada pushing through a number of unpopular austerity measures to reduce his country's bulging deficit. Already suffering from around 15% unemployment and the worst recession in years (both inherited from the Menem presidency), Argentines have been hit hard by Mr. de la Rua's reforms. </s>"
700,"<s>[INST]  Already suffering from around 15% unemployment and the worst recession in years (both inherited from [/INST]  the Menem presidency), Argentines have been hit hard by Mr. de la Rua's reforms. They demonstrated their bitterness in massive and often violent strikes and demonstrations, in which the dominant theme has been a repudiation of economic liberalization. Political analysts generally agree that after Mr. de la Rua's latest ajuste, which included an extremely unpopular public employee salary cut, the president now has run out of room to politically maneuver until the economy begins recording. </s>"
701,"<s>[INST] In his determined pursuit of the fiscal discipline championed by the international financial community, Mr. de la Rua has already spent most of his first six months of residence in the Casa Rosada pushing through a number of unpopular austerity measures to reduce his country's bulging deficit.  Already suffering from around 15% unemployment and the worst recession in years (both inherited from [/INST]  the Menem presidency), Argentines have been hit hard by Mr. de la Rua's reforms. They demonstrated their bitterness in massive and often violent strikes and demonstrations, in which the dominant theme has been a repudiation of economic liberalization. </s>"
702,"<s>[INST]  They demonstrated their bitterness in massive and often violent strikes and demonstrations, in [/INST]  which the dominant theme has been a repudiation of economic liberalization. Political analysts generally agree that after Mr. de la Rua's latest ajuste, which included an extremely unpopular public employee salary cut, the president now has run out of room to politically maneuver until the economy begins recording. Dropping tariffs would surely bolster the president's popularity in U.S. business circles and might make sense if it could be limited to the rational vacuum of Ms. O'Grady's economic analysis. </s>"
703,"<s>[INST] Already suffering from around 15% unemployment and the worst recession in years (both inherited from the Menem presidency), Argentines have been hit hard by Mr. de la Rua's reforms.  They demonstrated their bitterness in massive and often violent strikes and demonstrations, in [/INST]  which the dominant theme has been a repudiation of economic liberalization. Political analysts generally agree that after Mr. de la Rua's latest ajuste, which included an extremely unpopular public employee salary cut, the president now has run out of room to politically maneuver until the economy begins recording. </s>"
704,"<s>[INST]  Political analysts generally agree that after Mr. de la Rua's latest ajuste, which included an extremely unpopular public employee [/INST]  salary cut, the president now has run out of room to politically maneuver until the economy begins recording. Dropping tariffs would surely bolster the president's popularity in U.S. business circles and might make sense if it could be limited to the rational vacuum of Ms. O'Grady's economic analysis. But in light of Argentina's current social instability and highly charged political arena, such a move could very well spark catastrophic consequences. </s>"
705,"<s>[INST] They demonstrated their bitterness in massive and often violent strikes and demonstrations, in which the dominant theme has been a repudiation of economic liberalization.  Political analysts generally agree that after Mr. de la Rua's latest ajuste, which included an extremely unpopular public employee [/INST]  salary cut, the president now has run out of room to politically maneuver until the economy begins recording. Dropping tariffs would surely bolster the president's popularity in U.S. business circles and might make sense if it could be limited to the rational vacuum of Ms. O'Grady's economic analysis. </s>"
706,"<s>[INST]  Dropping tariffs would surely bolster the president's popularity in U.S. business circles and might make sense [/INST]  if it could be limited to the rational vacuum of Ms. O'Grady's economic analysis. But in light of Argentina's current social instability and highly charged political arena, such a move could very well spark catastrophic consequences. Reed Lindsay Council on Hemispheric Affairs Washington </s>"
707,"<s>[INST] Political analysts generally agree that after Mr. de la Rua's latest ajuste, which included an extremely unpopular public employee salary cut, the president now has run out of room to politically maneuver until the economy begins recording.  Dropping tariffs would surely bolster the president's popularity in U.S. business circles and might make sense [/INST]  if it could be limited to the rational vacuum of Ms. O'Grady's economic analysis. But in light of Argentina's current social instability and highly charged political arena, such a move could very well spark catastrophic consequences. </s>"
708,"<s>[INST]  accountid=28034 Abstract: During his first state visit to the U.S., Argentine President Fernando de [/INST]  la Rua will address several important bilateral issues with President Clinton this week. The most closely watched negotiations involve an air-traffic treaty that has come to symbolize the protectionist currents within Mr. de la Rua's center-left coalition. Mr. de la Rua surprised U.S. officials in February by suspending a so-called open-skies agreement with Washington signed by his predecessor. </s>"
709,"<s>[INST] proquest.com/docview/398785554?  accountid=28034 Abstract: During his first state visit to the U.S., Argentine President Fernando de [/INST]  la Rua will address several important bilateral issues with President Clinton this week. The most closely watched negotiations involve an air-traffic treaty that has come to symbolize the protectionist currents within Mr. de la Rua's center-left coalition. </s>"
710,"<s>[INST]  The most closely watched negotiations involve an air-traffic treaty that has come to [/INST]  symbolize the protectionist currents within Mr. de la Rua's center-left coalition. Mr. de la Rua surprised U.S. officials in February by suspending a so-called open-skies agreement with Washington signed by his predecessor. The pact called for a steady increase of flights on booming U.S.-Argentina routes through 2003, when all restrictions on traffic would be lifted. </s>"
711,"<s>[INST] accountid=28034  Abstract: During his first state visit to the U.S., Argentine President Fernando de la Rua will address several important bilateral issues with President Clinton this week.  The most closely watched negotiations involve an air-traffic treaty that has come to [/INST]  symbolize the protectionist currents within Mr. de la Rua's center-left coalition. Mr. de la Rua surprised U.S. officials in February by suspending a so-called open-skies agreement with Washington signed by his predecessor. </s>"
712,"<s>[INST]  Mr. de la Rua surprised U.S. officials in February by suspending [/INST]  a so-called open-skies agreement with Washington signed by his predecessor. The pact called for a steady increase of flights on booming U.S.-Argentina routes through 2003, when all restrictions on traffic would be lifted. The treaty was expected to give Delta Air Lines and Continental Airlines entry to Argentina -- AMR Corp's American Airlines unit and UAL Corp. </s>"
713,"<s>[INST] The most closely watched negotiations involve an air-traffic treaty that has come to symbolize the protectionist currents within Mr. de la Rua's center-left coalition.  Mr. de la Rua surprised U.S. officials in February by suspending [/INST]  a so-called open-skies agreement with Washington signed by his predecessor. The pact called for a steady increase of flights on booming U.S.-Argentina routes through 2003, when all restrictions on traffic would be lifted. </s>"
714,"<s>[INST]  The pact called for a steady increase of flights on booming U.S.-Argentina [/INST]  routes through 2003, when all restrictions on traffic would be lifted. The treaty was expected to give Delta Air Lines and Continental Airlines entry to Argentina -- AMR Corp's American Airlines unit and UAL Corp. 's United Airlines are the only U.S. airlines that service the market now -- while Argentine consumers would enjoy lower international fares brought about by added seat capacity. </s>"
715,"<s>[INST] Mr. de la Rua surprised U.S. officials in February by suspending a so-called open-skies agreement with Washington signed by his predecessor.  The pact called for a steady increase of flights on booming U.S.-Argentina [/INST]  routes through 2003, when all restrictions on traffic would be lifted. The treaty was expected to give Delta Air Lines and Continental Airlines entry to Argentina -- AMR Corp's American Airlines unit and UAL Corp. </s>"
716,<s>[INST]  The treaty was expected to give Delta Air Lines and Continental Airlines entry [/INST]  to Argentina -- AMR Corp's American Airlines unit and UAL Corp. 's United Airlines are the only U.S. airlines that service the market now -- while Argentine consumers would enjoy lower international fares brought about by added seat capacity. But the agreement also would have pushed the money-losing Argentine carrier Aerolineas Argentinas closer to the brink. </s>
717,"<s>[INST] The pact called for a steady increase of flights on booming U.S.-Argentina routes through 2003, when all restrictions on traffic would be lifted.  The treaty was expected to give Delta Air Lines and Continental Airlines entry [/INST]  to Argentina -- AMR Corp's American Airlines unit and UAL Corp. 's United Airlines are the only U.S. airlines that service the market now -- while Argentine consumers would enjoy lower international fares brought about by added seat capacity. </s>"
718,"<s>[INST]  's United Airlines are the only U.S. airlines that service the market now -- while [/INST]  Argentine consumers would enjoy lower international fares brought about by added seat capacity. But the agreement also would have pushed the money-losing Argentine carrier Aerolineas Argentinas closer to the brink. Full text: During his first state visit to the U.S., Argentine President Fernando de la Rua will address several important bilateral issues with President Clinton this week. </s>"
719,<s>[INST] The treaty was expected to give Delta Air Lines and Continental Airlines entry to Argentina -- AMR Corp's American Airlines unit and UAL Corp.  's United Airlines are the only U.S. airlines that service the market now -- while [/INST]  Argentine consumers would enjoy lower international fares brought about by added seat capacity. But the agreement also would have pushed the money-losing Argentine carrier Aerolineas Argentinas closer to the brink. </s>
720,"<s>[INST]  But the agreement also would have pushed the money-losing [/INST]  Argentine carrier Aerolineas Argentinas closer to the brink. Full text: During his first state visit to the U.S., Argentine President Fernando de la Rua will address several important bilateral issues with President Clinton this week. The most closely watched negotiations involve an air-traffic treaty that has come to symbolize the protectionist currents within Mr. de la Rua's center-left coalition. </s>"
721,"<s>[INST] 's United Airlines are the only U.S. airlines that service the market now -- while Argentine consumers would enjoy lower international fares brought about by added seat capacity.  But the agreement also would have pushed the money-losing [/INST]  Argentine carrier Aerolineas Argentinas closer to the brink. Full text: During his first state visit to the U.S., Argentine President Fernando de la Rua will address several important bilateral issues with President Clinton this week. </s>"
722,"<s>[INST]  Full text: During his first state visit to the U.S., Argentine President Fernando de [/INST]  la Rua will address several important bilateral issues with President Clinton this week. The most closely watched negotiations involve an air-traffic treaty that has come to symbolize the protectionist currents within Mr. de la Rua's center-left coalition. Mr. de la Rua surprised U.S. officials in February by suspending a so-called open-skies agreement with Washington signed by his predecessor. </s>"
723,"<s>[INST] But the agreement also would have pushed the money-losing Argentine carrier Aerolineas Argentinas closer to the brink.  Full text: During his first state visit to the U.S., Argentine President Fernando de [/INST]  la Rua will address several important bilateral issues with President Clinton this week. The most closely watched negotiations involve an air-traffic treaty that has come to symbolize the protectionist currents within Mr. de la Rua's center-left coalition. </s>"
724,"<s>[INST]  The most closely watched negotiations involve an air-traffic treaty that has come to [/INST]  symbolize the protectionist currents within Mr. de la Rua's center-left coalition. Mr. de la Rua surprised U.S. officials in February by suspending a so-called open-skies agreement with Washington signed by his predecessor. The pact called for a steady increase of flights on booming U.S.-Argentina routes through 2003, when all restrictions on traffic would be lifted. </s>"
725,"<s>[INST] Full text: During his first state visit to the U.S., Argentine President Fernando de la Rua will address several important bilateral issues with President Clinton this week.  The most closely watched negotiations involve an air-traffic treaty that has come to [/INST]  symbolize the protectionist currents within Mr. de la Rua's center-left coalition. Mr. de la Rua surprised U.S. officials in February by suspending a so-called open-skies agreement with Washington signed by his predecessor. </s>"
726,"<s>[INST]  Mr. de la Rua surprised U.S. officials in February by suspending [/INST]  a so-called open-skies agreement with Washington signed by his predecessor. The pact called for a steady increase of flights on booming U.S.-Argentina routes through 2003, when all restrictions on traffic would be lifted. The treaty was expected to give Delta Air Lines and Continental Airlines entry to Argentina -- AMR Corp's American Airlines unit and UAL Corp. </s>"
727,"<s>[INST] The most closely watched negotiations involve an air-traffic treaty that has come to symbolize the protectionist currents within Mr. de la Rua's center-left coalition.  Mr. de la Rua surprised U.S. officials in February by suspending [/INST]  a so-called open-skies agreement with Washington signed by his predecessor. The pact called for a steady increase of flights on booming U.S.-Argentina routes through 2003, when all restrictions on traffic would be lifted. </s>"
728,"<s>[INST]  The pact called for a steady increase of flights on booming U.S.-Argentina [/INST]  routes through 2003, when all restrictions on traffic would be lifted. The treaty was expected to give Delta Air Lines and Continental Airlines entry to Argentina -- AMR Corp's American Airlines unit and UAL Corp. 's United Airlines are the only U.S. airlines that service the market now -- while Argentine consumers would enjoy lower international fares brought about by added seat capacity. </s>"
729,"<s>[INST] Mr. de la Rua surprised U.S. officials in February by suspending a so-called open-skies agreement with Washington signed by his predecessor.  The pact called for a steady increase of flights on booming U.S.-Argentina [/INST]  routes through 2003, when all restrictions on traffic would be lifted. The treaty was expected to give Delta Air Lines and Continental Airlines entry to Argentina -- AMR Corp's American Airlines unit and UAL Corp. </s>"
730,<s>[INST]  The treaty was expected to give Delta Air Lines and Continental Airlines entry [/INST]  to Argentina -- AMR Corp's American Airlines unit and UAL Corp. 's United Airlines are the only U.S. airlines that service the market now -- while Argentine consumers would enjoy lower international fares brought about by added seat capacity. But the agreement also would have pushed the money-losing Argentine carrier Aerolineas Argentinas closer to the brink. </s>
731,"<s>[INST] The pact called for a steady increase of flights on booming U.S.-Argentina routes through 2003, when all restrictions on traffic would be lifted.  The treaty was expected to give Delta Air Lines and Continental Airlines entry [/INST]  to Argentina -- AMR Corp's American Airlines unit and UAL Corp. 's United Airlines are the only U.S. airlines that service the market now -- while Argentine consumers would enjoy lower international fares brought about by added seat capacity. </s>"
732,"<s>[INST]  's United Airlines are the only U.S. airlines that service the market now -- while [/INST]  Argentine consumers would enjoy lower international fares brought about by added seat capacity. But the agreement also would have pushed the money-losing Argentine carrier Aerolineas Argentinas closer to the brink. Initially, Mr. de la Rua's team said they needed time to review the accord. </s>"
733,<s>[INST] The treaty was expected to give Delta Air Lines and Continental Airlines entry to Argentina -- AMR Corp's American Airlines unit and UAL Corp.  's United Airlines are the only U.S. airlines that service the market now -- while [/INST]  Argentine consumers would enjoy lower international fares brought about by added seat capacity. But the agreement also would have pushed the money-losing Argentine carrier Aerolineas Argentinas closer to the brink. </s>
734,"<s>[INST]  But the agreement also would have pushed the money-losing [/INST]  Argentine carrier Aerolineas Argentinas closer to the brink. Initially, Mr. de la Rua's team said they needed time to review the accord. But his government has made clear that the treaty will be renegotiated, thus becoming a prime example of the government's willingness to head off market forces and protect industries and jobs. </s>"
735,"<s>[INST] 's United Airlines are the only U.S. airlines that service the market now -- while Argentine consumers would enjoy lower international fares brought about by added seat capacity.  But the agreement also would have pushed the money-losing [/INST]  Argentine carrier Aerolineas Argentinas closer to the brink. Initially, Mr. de la Rua's team said they needed time to review the accord. </s>"
736,"<s>[INST]  Initially, Mr. de la Rua's team said they [/INST]  needed time to review the accord. But his government has made clear that the treaty will be renegotiated, thus becoming a prime example of the government's willingness to head off market forces and protect industries and jobs. Aerolineas Argentinas has more than 5,000 employees, and ""if you add in family members, we are talking about 25,000 people that would be without an income"" if the airline failed, a government spokesman said last week. </s>"
737,"<s>[INST] But the agreement also would have pushed the money-losing Argentine carrier Aerolineas Argentinas closer to the brink.  Initially, Mr. de la Rua's team said they [/INST]  needed time to review the accord. But his government has made clear that the treaty will be renegotiated, thus becoming a prime example of the government's willingness to head off market forces and protect industries and jobs. </s>"
738,"<s>[INST]  But his government has made clear that the treaty will be renegotiated, thus becoming a prime [/INST]  example of the government's willingness to head off market forces and protect industries and jobs. Aerolineas Argentinas has more than 5,000 employees, and ""if you add in family members, we are talking about 25,000 people that would be without an income"" if the airline failed, a government spokesman said last week. Such interventionist policies worry analysts because they could make Argentina's economic transition even more painful. </s>"
739,"<s>[INST] Initially, Mr. de la Rua's team said they needed time to review the accord.  But his government has made clear that the treaty will be renegotiated, thus becoming a prime [/INST]  example of the government's willingness to head off market forces and protect industries and jobs. Aerolineas Argentinas has more than 5,000 employees, and ""if you add in family members, we are talking about 25,000 people that would be without an income"" if the airline failed, a government spokesman said last week. </s>"
740,"<s>[INST]  Aerolineas Argentinas has more than 5,000 employees, and ""if you add in family members, we are talking about 25,000 [/INST]  people that would be without an income"" if the airline failed, a government spokesman said last week. Such interventionist policies worry analysts because they could make Argentina's economic transition even more painful. ""Keeping afloat inefficient companies to protect jobs is the worst thing you can do for employment,"" said Pablo Guidotti, the former vice minister of finance who now heads the school of government at Torcuato di Tella University in Buenos Aires. </s>"
741,"<s>[INST] But his government has made clear that the treaty will be renegotiated, thus becoming a prime example of the government's willingness to head off market forces and protect industries and jobs.  Aerolineas Argentinas has more than 5,000 employees, and ""if you add in family members, we are talking about 25,000 [/INST]  people that would be without an income"" if the airline failed, a government spokesman said last week. Such interventionist policies worry analysts because they could make Argentina's economic transition even more painful. </s>"
742,"<s>[INST]  Such interventionist policies worry analysts because they could [/INST]  make Argentina's economic transition even more painful. ""Keeping afloat inefficient companies to protect jobs is the worst thing you can do for employment,"" said Pablo Guidotti, the former vice minister of finance who now heads the school of government at Torcuato di Tella University in Buenos Aires. The Argentine economy is losing thousands of low-skill, low-wage manufacturing jobs. </s>"
743,"<s>[INST] Aerolineas Argentinas has more than 5,000 employees, and ""if you add in family members, we are talking about 25,000 people that would be without an income"" if the airline failed, a government spokesman said last week.  Such interventionist policies worry analysts because they could [/INST]  make Argentina's economic transition even more painful. ""Keeping afloat inefficient companies to protect jobs is the worst thing you can do for employment,"" said Pablo Guidotti, the former vice minister of finance who now heads the school of government at Torcuato di Tella University in Buenos Aires. </s>"
744,"<s>[INST]  ""Keeping afloat inefficient companies to protect jobs is the worst thing you can do for employment,"" said Pablo Guidotti, the former [/INST]  vice minister of finance who now heads the school of government at Torcuato di Tella University in Buenos Aires. The Argentine economy is losing thousands of low-skill, low-wage manufacturing jobs. The transition to skilled services is happening, but not fast enough to dent unemployment, which stands at 14%. </s>"
745,"<s>[INST] Such interventionist policies worry analysts because they could make Argentina's economic transition even more painful.  ""Keeping afloat inefficient companies to protect jobs is the worst thing you can do for employment,"" said Pablo Guidotti, the former [/INST]  vice minister of finance who now heads the school of government at Torcuato di Tella University in Buenos Aires. The Argentine economy is losing thousands of low-skill, low-wage manufacturing jobs. </s>"
746,"<s>[INST]  The Argentine economy is losing thousands [/INST]  of low-skill, low-wage manufacturing jobs. The transition to skilled services is happening, but not fast enough to dent unemployment, which stands at 14%. Another complication is that the government's budgetary constraints leave little room to expand social safety nets. </s>"
747,"<s>[INST] ""Keeping afloat inefficient companies to protect jobs is the worst thing you can do for employment,"" said Pablo Guidotti, the former vice minister of finance who now heads the school of government at Torcuato di Tella University in Buenos Aires.  The Argentine economy is losing thousands [/INST]  of low-skill, low-wage manufacturing jobs. The transition to skilled services is happening, but not fast enough to dent unemployment, which stands at 14%. </s>"
748,"<s>[INST]  The transition to skilled services is happening, but not fast [/INST]  enough to dent unemployment, which stands at 14%. Another complication is that the government's budgetary constraints leave little room to expand social safety nets. The technocrats in Mr. de la Rua's cabinet believe in competition, and appear to be lowering barriers of entry for new telecommunications companies, according to preliminary outlines of a deregulation plan released over the weekend. </s>"
749,"<s>[INST] The Argentine economy is losing thousands of low-skill, low-wage manufacturing jobs.  The transition to skilled services is happening, but not fast [/INST]  enough to dent unemployment, which stands at 14%. Another complication is that the government's budgetary constraints leave little room to expand social safety nets. </s>"
750,"<s>[INST]  Another complication is that the government's budgetary constraints leave [/INST]  little room to expand social safety nets. The technocrats in Mr. de la Rua's cabinet believe in competition, and appear to be lowering barriers of entry for new telecommunications companies, according to preliminary outlines of a deregulation plan released over the weekend. On Friday, hundreds of thousands of workers walked off their jobs in a one-day general strike against government austerity policies. </s>"
751,"<s>[INST] The transition to skilled services is happening, but not fast enough to dent unemployment, which stands at 14%.  Another complication is that the government's budgetary constraints leave [/INST]  little room to expand social safety nets. The technocrats in Mr. de la Rua's cabinet believe in competition, and appear to be lowering barriers of entry for new telecommunications companies, according to preliminary outlines of a deregulation plan released over the weekend. </s>"
752,"<s>[INST]  The technocrats in Mr. de la Rua's cabinet believe in competition, and appear to be lowering barriers of [/INST]  entry for new telecommunications companies, according to preliminary outlines of a deregulation plan released over the weekend. On Friday, hundreds of thousands of workers walked off their jobs in a one-day general strike against government austerity policies. The Cabinet debate has resulted in a consensual economic policy that is open to special interests and that sometimes lacks conviction. </s>"
753,"<s>[INST] Another complication is that the government's budgetary constraints leave little room to expand social safety nets.  The technocrats in Mr. de la Rua's cabinet believe in competition, and appear to be lowering barriers of [/INST]  entry for new telecommunications companies, according to preliminary outlines of a deregulation plan released over the weekend. On Friday, hundreds of thousands of workers walked off their jobs in a one-day general strike against government austerity policies. </s>"
754,"<s>[INST]  On Friday, hundreds of thousands of workers walked off their jobs [/INST]  in a one-day general strike against government austerity policies. The Cabinet debate has resulted in a consensual economic policy that is open to special interests and that sometimes lacks conviction. ""We are seeing a general approach to economic policy that focuses more on protecting producers while focusing less on the interests of consumers,"" Mr. Guidotti said. </s>"
755,"<s>[INST] The technocrats in Mr. de la Rua's cabinet believe in competition, and appear to be lowering barriers of entry for new telecommunications companies, according to preliminary outlines of a deregulation plan released over the weekend.  On Friday, hundreds of thousands of workers walked off their jobs [/INST]  in a one-day general strike against government austerity policies. The Cabinet debate has resulted in a consensual economic policy that is open to special interests and that sometimes lacks conviction. </s>"
756,"<s>[INST]  The Cabinet debate has resulted in a consensual economic policy that [/INST]  is open to special interests and that sometimes lacks conviction. ""We are seeing a general approach to economic policy that focuses more on protecting producers while focusing less on the interests of consumers,"" Mr. Guidotti said. Aggressive deregulation and falling trade barriers would certainly raise unemployment. </s>"
757,"<s>[INST] On Friday, hundreds of thousands of workers walked off their jobs in a one-day general strike against government austerity policies.  The Cabinet debate has resulted in a consensual economic policy that [/INST]  is open to special interests and that sometimes lacks conviction. ""We are seeing a general approach to economic policy that focuses more on protecting producers while focusing less on the interests of consumers,"" Mr. Guidotti said. </s>"
758,"<s>[INST]  ""We are seeing a general approach to economic policy that focuses more on protecting [/INST]  producers while focusing less on the interests of consumers,"" Mr. Guidotti said. Aggressive deregulation and falling trade barriers would certainly raise unemployment. Nevertheless, a growing chorus of economists say the Argentine economy is in dire need of a Reagan-style supply-side shock, not only through a gradual reduction of taxes but also through a sharp reduction in the price of services and products brought about by competition. </s>"
759,"<s>[INST] The Cabinet debate has resulted in a consensual economic policy that is open to special interests and that sometimes lacks conviction.  ""We are seeing a general approach to economic policy that focuses more on protecting [/INST]  producers while focusing less on the interests of consumers,"" Mr. Guidotti said. Aggressive deregulation and falling trade barriers would certainly raise unemployment. </s>"
760,"<s>[INST]  Nevertheless, a growing chorus of economists say the Argentine economy is in dire need of a Reagan-style supply-side shock, not only through a [/INST]  gradual reduction of taxes but also through a sharp reduction in the price of services and products brought about by competition. Concerns about saving jobs, even at inefficient companies such as Aerolineas Argentinas -- which is expected to have losses of more than $250 million this year -- have injured confidence that markets will be allowed to work out problems unhindered by government intervention. ""They are making a state issue out of . </s>"
761,"<s>[INST] Aggressive deregulation and falling trade barriers would certainly raise unemployment.  Nevertheless, a growing chorus of economists say the Argentine economy is in dire need of a Reagan-style supply-side shock, not only through a [/INST]  gradual reduction of taxes but also through a sharp reduction in the price of services and products brought about by competition. Concerns about saving jobs, even at inefficient companies such as Aerolineas Argentinas -- which is expected to have losses of more than $250 million this year -- have injured confidence that markets will be allowed to work out problems unhindered by government intervention. </s>"
762,"<s>[INST]  Concerns about saving jobs, even at inefficient companies such as Aerolineas Argentinas -- which is expected to have losses of more than [/INST]  $250 million this year -- have injured confidence that markets will be allowed to work out problems unhindered by government intervention. ""They are making a state issue out of . . </s>"
763,"<s>[INST] Nevertheless, a growing chorus of economists say the Argentine economy is in dire need of a Reagan-style supply-side shock, not only through a gradual reduction of taxes but also through a sharp reduction in the price of services and products brought about by competition.  Concerns about saving jobs, even at inefficient companies such as Aerolineas Argentinas -- which is expected to have losses of more than [/INST]  $250 million this year -- have injured confidence that markets will be allowed to work out problems unhindered by government intervention. ""They are making a state issue out of . </s>"
764,"<s>[INST]  a pure private-market issue,"" said Andy Ricover, [/INST]  an expert in Argentine aviation. ""There is no reason to protect this airline"". Aerolineas Argentinas's largest shareholder happens to be a Spanish government industrial holding company known as Sepi; it obtained the shares during its 1996 bailout of Iberia SA, which maintained a minority stake. </s>"
765,"<s>[INST] .  a pure private-market issue,"" said Andy Ricover, [/INST]  an expert in Argentine aviation. ""There is no reason to protect this airline"". </s>"
766,"<s>[INST]  Aerolineas Argentinas's largest shareholder happens to be a Spanish government industrial holding company known as Sepi; it [/INST]  obtained the shares during its 1996 bailout of Iberia SA, which maintained a minority stake. Other shareholders include AMR Corp. , parent of American Airlines; Deutsche Bank AG's Bankers Trust unit; Merrill Lynch & Co.; local unions; and the Argentine government. </s>"
767,"<s>[INST] ""There is no reason to protect this airline"".  Aerolineas Argentinas's largest shareholder happens to be a Spanish government industrial holding company known as Sepi; it [/INST]  obtained the shares during its 1996 bailout of Iberia SA, which maintained a minority stake. Other shareholders include AMR Corp. </s>"
768,"<s>[INST]  , parent of American Airlines; Deutsche Bank AG's Bankers Trust unit; [/INST]  Merrill Lynch & Co.; local unions; and the Argentine government. The Spaniards recently presented the Argentine government with a restructuring proposal that calls for shrinking the airline's operations and drastically reducing costs in an attempt to realign capacity with demand, a capital infusion, and probably a request for further delays on open skies deregulation, according to local news reports that were confirmed independently. ""We're not the Sisters of Charity,"" a Sepi spokesman said. </s>"
769,"<s>[INST] Other shareholders include AMR Corp.  , parent of American Airlines; Deutsche Bank AG's Bankers Trust unit; [/INST]  Merrill Lynch & Co.; local unions; and the Argentine government. The Spaniards recently presented the Argentine government with a restructuring proposal that calls for shrinking the airline's operations and drastically reducing costs in an attempt to realign capacity with demand, a capital infusion, and probably a request for further delays on open skies deregulation, according to local news reports that were confirmed independently. </s>"
770,"<s>[INST]  The Spaniards recently presented the Argentine government with a restructuring proposal that calls for shrinking the airline's operations and drastically reducing costs in an attempt to realign [/INST]  capacity with demand, a capital infusion, and probably a request for further delays on open skies deregulation, according to local news reports that were confirmed independently. ""We're not the Sisters of Charity,"" a Sepi spokesman said. ""By applying orthodox financial solutions, we think we can save the airline and make it not only profitable, but a major regional player"". </s>"
771,"<s>[INST] , parent of American Airlines; Deutsche Bank AG's Bankers Trust unit; Merrill Lynch & Co.; local unions; and the Argentine government.  The Spaniards recently presented the Argentine government with a restructuring proposal that calls for shrinking the airline's operations and drastically reducing costs in an attempt to realign [/INST]  capacity with demand, a capital infusion, and probably a request for further delays on open skies deregulation, according to local news reports that were confirmed independently. ""We're not the Sisters of Charity,"" a Sepi spokesman said. </s>"
772,"<s>[INST]  ""By applying orthodox financial solutions, we think we can save the airline [/INST]  and make it not only profitable, but a major regional player"". After nearly a decade of mismanagement, local union leaders are so skeptical of the Spaniards that they hired their own consultant to draft an alternative. Robert Booth, head of Aviation Management Services, a Miami consulting firm, said the restructuring proposal would require strenuous execution. </s>"
773,"<s>[INST] ""We're not the Sisters of Charity,"" a Sepi spokesman said.  ""By applying orthodox financial solutions, we think we can save the airline [/INST]  and make it not only profitable, but a major regional player"". After nearly a decade of mismanagement, local union leaders are so skeptical of the Spaniards that they hired their own consultant to draft an alternative. </s>"
774,"<s>[INST]  After nearly a decade of mismanagement, local union leaders are so skeptical of [/INST]  the Spaniards that they hired their own consultant to draft an alternative. Robert Booth, head of Aviation Management Services, a Miami consulting firm, said the restructuring proposal would require strenuous execution. ""I have never seen an airline shrink itself into profitability,"" he said. </s>"
775,"<s>[INST] ""By applying orthodox financial solutions, we think we can save the airline and make it not only profitable, but a major regional player"".  After nearly a decade of mismanagement, local union leaders are so skeptical of [/INST]  the Spaniards that they hired their own consultant to draft an alternative. Robert Booth, head of Aviation Management Services, a Miami consulting firm, said the restructuring proposal would require strenuous execution. </s>"
776,"<s>[INST]  Robert Booth, head of Aviation Management Services, a Miami consulting [/INST]  firm, said the restructuring proposal would require strenuous execution. ""I have never seen an airline shrink itself into profitability,"" he said. ""When you start cutting routes, you chop off revenue and costs linger on"". </s>"
777,"<s>[INST] After nearly a decade of mismanagement, local union leaders are so skeptical of the Spaniards that they hired their own consultant to draft an alternative.  Robert Booth, head of Aviation Management Services, a Miami consulting [/INST]  firm, said the restructuring proposal would require strenuous execution. ""I have never seen an airline shrink itself into profitability,"" he said. </s>"
778,"<s>[INST]  accountid=28034 Abstract: Only a few months ago, Mercosur, South America's main [/INST]  trading group, looked to some to be near collapse. But hysteria has given way to common sense. After five years of talking, Brazil and Argentina suddenly struck a deal to phase out by 2006 the remaining restrictions on trade between them in cars and car parts. </s>"
779,"<s>[INST] proquest.com/docview/224049899?  accountid=28034 Abstract: Only a few months ago, Mercosur, South America's main [/INST]  trading group, looked to some to be near collapse. But hysteria has given way to common sense. </s>"
780,"<s>[INST]  After five years of talking, Brazil and Argentina suddenly struck a deal to phase out [/INST]  by 2006 the remaining restrictions on trade between them in cars and car parts. Setting the seal on all this, a meeting of the two countries' foreign and finance ministers in Buenos Aires last month ended in an agreement to relaunch Mercosur. The two countries hope to revive the agenda for deepening the trade block. </s>"
781,"<s>[INST] But hysteria has given way to common sense.  After five years of talking, Brazil and Argentina suddenly struck a deal to phase out [/INST]  by 2006 the remaining restrictions on trade between them in cars and car parts. Setting the seal on all this, a meeting of the two countries' foreign and finance ministers in Buenos Aires last month ended in an agreement to relaunch Mercosur. </s>"
782,"<s>[INST]  Setting the seal on all this, a meeting of the two countries' foreign and finance [/INST]  ministers in Buenos Aires last month ended in an agreement to relaunch Mercosur. The two countries hope to revive the agenda for deepening the trade block. And they want to remove the cause of some of the recent friction by bringing their economies into closer harmony. </s>"
783,"<s>[INST] After five years of talking, Brazil and Argentina suddenly struck a deal to phase out by 2006 the remaining restrictions on trade between them in cars and car parts.  Setting the seal on all this, a meeting of the two countries' foreign and finance [/INST]  ministers in Buenos Aires last month ended in an agreement to relaunch Mercosur. The two countries hope to revive the agenda for deepening the trade block. </s>"
784,"<s>[INST]  The two countries hope to revive the [/INST]  agenda for deepening the trade block. And they want to remove the cause of some of the recent friction by bringing their economies into closer harmony. To that end, they have set a timetable for a mini-Maastricht - a set of economic-convergence targets similar to those in the Maastricht treaty that led to the euro. </s>"
785,"<s>[INST] Setting the seal on all this, a meeting of the two countries' foreign and finance ministers in Buenos Aires last month ended in an agreement to relaunch Mercosur.  The two countries hope to revive the [/INST]  agenda for deepening the trade block. And they want to remove the cause of some of the recent friction by bringing their economies into closer harmony. </s>"
786,"<s>[INST]  And they want to remove the cause of some of the [/INST]  recent friction by bringing their economies into closer harmony. To that end, they have set a timetable for a mini-Maastricht - a set of economic-convergence targets similar to those in the Maastricht treaty that led to the euro. Meeting the mini-Maastricht targets will involve sticking to, and even toughening, unpopular austerity programs, and approving difficult domestic reforms. </s>"
787,"<s>[INST] The two countries hope to revive the agenda for deepening the trade block.  And they want to remove the cause of some of the [/INST]  recent friction by bringing their economies into closer harmony. To that end, they have set a timetable for a mini-Maastricht - a set of economic-convergence targets similar to those in the Maastricht treaty that led to the euro. </s>"
788,"<s>[INST]  To that end, they have set a timetable for a mini-Maastricht - a set of [/INST]  economic-convergence targets similar to those in the Maastricht treaty that led to the euro. Meeting the mini-Maastricht targets will involve sticking to, and even toughening, unpopular austerity programs, and approving difficult domestic reforms. Full text: Headnote Investors are worrying again about Brazil and Argentina. </s>"
789,"<s>[INST] And they want to remove the cause of some of the recent friction by bringing their economies into closer harmony.  To that end, they have set a timetable for a mini-Maastricht - a set of [/INST]  economic-convergence targets similar to those in the Maastricht treaty that led to the euro. Meeting the mini-Maastricht targets will involve sticking to, and even toughening, unpopular austerity programs, and approving difficult domestic reforms. </s>"
790,"<s>[INST]  Meeting the mini-Maastricht targets will involve sticking to, and even [/INST]  toughening, unpopular austerity programs, and approving difficult domestic reforms. Full text: Headnote Investors are worrying again about Brazil and Argentina. Paraguay's democracy has suffered another shock, as our next story explains. </s>"
791,"<s>[INST] To that end, they have set a timetable for a mini-Maastricht - a set of economic-convergence targets similar to those in the Maastricht treaty that led to the euro.  Meeting the mini-Maastricht targets will involve sticking to, and even [/INST]  toughening, unpopular austerity programs, and approving difficult domestic reforms. Full text: Headnote Investors are worrying again about Brazil and Argentina. </s>"
792,"<s>[INST]  Full text: Headnote Investors are worrying [/INST]  again about Brazil and Argentina. Paraguay's democracy has suffered another shock, as our next story explains. But at least Mercosur has a plan to try to ease the tensions that have almost destroyed it ONLY a few months ago, Mercosur, South America's main trading group, looked to some to be near collapse. </s>"
793,"<s>[INST] Meeting the mini-Maastricht targets will involve sticking to, and even toughening, unpopular austerity programs, and approving difficult domestic reforms.  Full text: Headnote Investors are worrying [/INST]  again about Brazil and Argentina. Paraguay's democracy has suffered another shock, as our next story explains. </s>"
794,"<s>[INST]  Paraguay's democracy has suffered another shock, [/INST]  as our next story explains. But at least Mercosur has a plan to try to ease the tensions that have almost destroyed it ONLY a few months ago, Mercosur, South America's main trading group, looked to some to be near collapse. Argentina was gripped by a wave of anti-Brazilian feeling: Carlos Ruckauf, the governor of Buenos Aires province, called for sanctions against the many firms that he claimed were closing their factories and rushing to Brazil, lured by big subsidies and a devalued currency. </s>"
795,"<s>[INST] Full text: Headnote Investors are worrying again about Brazil and Argentina.  Paraguay's democracy has suffered another shock, [/INST]  as our next story explains. But at least Mercosur has a plan to try to ease the tensions that have almost destroyed it ONLY a few months ago, Mercosur, South America's main trading group, looked to some to be near collapse. </s>"
796,"<s>[INST]  But at least Mercosur has a plan to try to ease the tensions that have almost destroyed it ONLY [/INST]  a few months ago, Mercosur, South America's main trading group, looked to some to be near collapse. Argentina was gripped by a wave of anti-Brazilian feeling: Carlos Ruckauf, the governor of Buenos Aires province, called for sanctions against the many firms that he claimed were closing their factories and rushing to Brazil, lured by big subsidies and a devalued currency. Brazil, for its part, was threatening to take Argentina to the World Trade Organisation over the import quotas it had imposed against ""dumped"" textile exports. </s>"
797,"<s>[INST] Paraguay's democracy has suffered another shock, as our next story explains.  But at least Mercosur has a plan to try to ease the tensions that have almost destroyed it ONLY [/INST]  a few months ago, Mercosur, South America's main trading group, looked to some to be near collapse. Argentina was gripped by a wave of anti-Brazilian feeling: Carlos Ruckauf, the governor of Buenos Aires province, called for sanctions against the many firms that he claimed were closing their factories and rushing to Brazil, lured by big subsidies and a devalued currency. </s>"
798,"<s>[INST]  Argentina was gripped by a wave of anti-Brazilian feeling: Carlos Ruckauf, the governor of Buenos Aires province, called for sanctions against the [/INST]  many firms that he claimed were closing their factories and rushing to Brazil, lured by big subsidies and a devalued currency. Brazil, for its part, was threatening to take Argentina to the World Trade Organisation over the import quotas it had imposed against ""dumped"" textile exports. But hysteria has given way to common sense. </s>"
799,"<s>[INST] But at least Mercosur has a plan to try to ease the tensions that have almost destroyed it ONLY a few months ago, Mercosur, South America's main trading group, looked to some to be near collapse.  Argentina was gripped by a wave of anti-Brazilian feeling: Carlos Ruckauf, the governor of Buenos Aires province, called for sanctions against the [/INST]  many firms that he claimed were closing their factories and rushing to Brazil, lured by big subsidies and a devalued currency. Brazil, for its part, was threatening to take Argentina to the World Trade Organisation over the import quotas it had imposed against ""dumped"" textile exports. </s>"
800,"<s>[INST]  Brazil, for its part, was threatening to take Argentina to the World Trade [/INST]  Organisation over the import quotas it had imposed against ""dumped"" textile exports. But hysteria has given way to common sense. Argentina's media took a sceptical look at industrial lobbyists' claims of a mass exodus, and found them exaggerated. </s>"
801,"<s>[INST] Argentina was gripped by a wave of anti-Brazilian feeling: Carlos Ruckauf, the governor of Buenos Aires province, called for sanctions against the many firms that he claimed were closing their factories and rushing to Brazil, lured by big subsidies and a devalued currency.  Brazil, for its part, was threatening to take Argentina to the World Trade [/INST]  Organisation over the import quotas it had imposed against ""dumped"" textile exports. But hysteria has given way to common sense. </s>"
802,"<s>[INST]  Argentina's media took a sceptical look at industrial lobbyists' claims [/INST]  of a mass exodus, and found them exaggerated. Argentina accepted a verdict by a Mercosur arbitration panel that its textile quotas were unjustified. After five years of talking, Brazil and Argentina suddenly struck a deal to phase out by 2006 the remaining restrictions on trade between them in cars and car parts. </s>"
803,"<s>[INST] But hysteria has given way to common sense.  Argentina's media took a sceptical look at industrial lobbyists' claims [/INST]  of a mass exodus, and found them exaggerated. Argentina accepted a verdict by a Mercosur arbitration panel that its textile quotas were unjustified. </s>"
804,"<s>[INST]  Argentina accepted a verdict by a Mercosur arbitration [/INST]  panel that its textile quotas were unjustified. After five years of talking, Brazil and Argentina suddenly struck a deal to phase out by 2006 the remaining restrictions on trade between them in cars and car parts. Setting the seal on all this, a meeting of the two countries' foreign and finance ministers in Buenos Aires last month ended in an agreement to ""relaunch"" Mercosur. </s>"
805,"<s>[INST] Argentina's media took a sceptical look at industrial lobbyists' claims of a mass exodus, and found them exaggerated.  Argentina accepted a verdict by a Mercosur arbitration [/INST]  panel that its textile quotas were unjustified. After five years of talking, Brazil and Argentina suddenly struck a deal to phase out by 2006 the remaining restrictions on trade between them in cars and car parts. </s>"
806,"<s>[INST]  After five years of talking, Brazil and Argentina suddenly struck a deal to phase out [/INST]  by 2006 the remaining restrictions on trade between them in cars and car parts. Setting the seal on all this, a meeting of the two countries' foreign and finance ministers in Buenos Aires last month ended in an agreement to ""relaunch"" Mercosur. The two countries hope to revive the agenda for deepening the trade block. </s>"
807,"<s>[INST] Argentina accepted a verdict by a Mercosur arbitration panel that its textile quotas were unjustified.  After five years of talking, Brazil and Argentina suddenly struck a deal to phase out [/INST]  by 2006 the remaining restrictions on trade between them in cars and car parts. Setting the seal on all this, a meeting of the two countries' foreign and finance ministers in Buenos Aires last month ended in an agreement to ""relaunch"" Mercosur. </s>"
808,"<s>[INST]  Setting the seal on all this, a meeting of the two countries' foreign and finance [/INST]  ministers in Buenos Aires last month ended in an agreement to ""relaunch"" Mercosur. The two countries hope to revive the agenda for deepening the trade block. And they want to remove the cause of some of the recent friction by bringing their economies into closer harmony. </s>"
809,"<s>[INST] After five years of talking, Brazil and Argentina suddenly struck a deal to phase out by 2006 the remaining restrictions on trade between them in cars and car parts.  Setting the seal on all this, a meeting of the two countries' foreign and finance [/INST]  ministers in Buenos Aires last month ended in an agreement to ""relaunch"" Mercosur. The two countries hope to revive the agenda for deepening the trade block. </s>"
810,"<s>[INST]  The two countries hope to revive the [/INST]  agenda for deepening the trade block. And they want to remove the cause of some of the recent friction by bringing their economies into closer harmony. To that end, they have set a timetable for a ""mini-Maastricht""-a set of economic-convergence targets similar to those in the Maastricht treaty that led to the euro. </s>"
811,"<s>[INST] Setting the seal on all this, a meeting of the two countries' foreign and finance ministers in Buenos Aires last month ended in an agreement to ""relaunch"" Mercosur.  The two countries hope to revive the [/INST]  agenda for deepening the trade block. And they want to remove the cause of some of the recent friction by bringing their economies into closer harmony. </s>"
812,"<s>[INST]  And they want to remove the cause of some of the [/INST]  recent friction by bringing their economies into closer harmony. To that end, they have set a timetable for a ""mini-Maastricht""-a set of economic-convergence targets similar to those in the Maastricht treaty that led to the euro. Not before time: Mercosur stalled when the region slipped into recession in 1998, and intra-block trade slumped (see chart, above right). </s>"
813,"<s>[INST] The two countries hope to revive the agenda for deepening the trade block.  And they want to remove the cause of some of the [/INST]  recent friction by bringing their economies into closer harmony. To that end, they have set a timetable for a ""mini-Maastricht""-a set of economic-convergence targets similar to those in the Maastricht treaty that led to the euro. </s>"
814,"<s>[INST]  To that end, they have set a timetable for a ""mini-Maastricht""-a set of economic-convergence [/INST]  targets similar to those in the Maastricht treaty that led to the euro. Not before time: Mercosur stalled when the region slipped into recession in 1998, and intra-block trade slumped (see chart, above right). It threatened to come to a halt after the January 1999 devaluation of the Brazilian real made Argentina's goods up to 40% dearer in their largest market. </s>"
815,"<s>[INST] And they want to remove the cause of some of the recent friction by bringing their economies into closer harmony.  To that end, they have set a timetable for a ""mini-Maastricht""-a set of economic-convergence [/INST]  targets similar to those in the Maastricht treaty that led to the euro. Not before time: Mercosur stalled when the region slipped into recession in 1998, and intra-block trade slumped (see chart, above right). </s>"
816,"<s>[INST]  Not before time: Mercosur stalled when the region slipped into recession [/INST]  in 1998, and intra-block trade slumped (see chart, above right). It threatened to come to a halt after the January 1999 devaluation of the Brazilian real made Argentina's goods up to 40% dearer in their largest market. Brazil has since recovered from recession, helping Argentina: in the first three months of this year, it clocked up a trade surplus with its northern neighbour of $3oom, according to Daniel Marx, the deputy economy minister. </s>"
817,"<s>[INST] To that end, they have set a timetable for a ""mini-Maastricht""-a set of economic-convergence targets similar to those in the Maastricht treaty that led to the euro.  Not before time: Mercosur stalled when the region slipped into recession [/INST]  in 1998, and intra-block trade slumped (see chart, above right). It threatened to come to a halt after the January 1999 devaluation of the Brazilian real made Argentina's goods up to 40% dearer in their largest market. </s>"
818,"<s>[INST]  It threatened to come to a halt after the January 1999 devaluation of the [/INST]  Brazilian real made Argentina's goods up to 40% dearer in their largest market. Brazil has since recovered from recession, helping Argentina: in the first three months of this year, it clocked up a trade surplus with its northern neighbour of $3oom, according to Daniel Marx, the deputy economy minister. Even so, Argentina has been struggling to pull out of recession-in part because the new government of Fernando de la Rua raised taxes in December in an effort to help cut the fiscal deficit. </s>"
819,"<s>[INST] Not before time: Mercosur stalled when the region slipped into recession in 1998, and intra-block trade slumped (see chart, above right).  It threatened to come to a halt after the January 1999 devaluation of the [/INST]  Brazilian real made Argentina's goods up to 40% dearer in their largest market. Brazil has since recovered from recession, helping Argentina: in the first three months of this year, it clocked up a trade surplus with its northern neighbour of $3oom, according to Daniel Marx, the deputy economy minister. </s>"
820,"<s>[INST]  Brazil has since recovered from recession, helping Argentina: in the first three months of this year, it clocked up [/INST]  a trade surplus with its northern neighbour of $3oom, according to Daniel Marx, the deputy economy minister. Even so, Argentina has been struggling to pull out of recession-in part because the new government of Fernando de la Rua raised taxes in December in an effort to help cut the fiscal deficit. Argentina's rigid currency board, in which the peso is pegged at par to the dollar, makes growth dependent on capital inflows. </s>"
821,"<s>[INST] It threatened to come to a halt after the January 1999 devaluation of the Brazilian real made Argentina's goods up to 40% dearer in their largest market.  Brazil has since recovered from recession, helping Argentina: in the first three months of this year, it clocked up [/INST]  a trade surplus with its northern neighbour of $3oom, according to Daniel Marx, the deputy economy minister. Even so, Argentina has been struggling to pull out of recession-in part because the new government of Fernando de la Rua raised taxes in December in an effort to help cut the fiscal deficit. </s>"
822,"<s>[INST]  Even so, Argentina has been struggling to pull out of recession-in part because the new government of Fernando [/INST]  de la Rua raised taxes in December in an effort to help cut the fiscal deficit. Argentina's rigid currency board, in which the peso is pegged at par to the dollar, makes growth dependent on capital inflows. But investors have been troubled by squabbles within Mr de la Rua's team. </s>"
823,"<s>[INST] Brazil has since recovered from recession, helping Argentina: in the first three months of this year, it clocked up a trade surplus with its northern neighbour of $3oom, according to Daniel Marx, the deputy economy minister.  Even so, Argentina has been struggling to pull out of recession-in part because the new government of Fernando [/INST]  de la Rua raised taxes in December in an effort to help cut the fiscal deficit. Argentina's rigid currency board, in which the peso is pegged at par to the dollar, makes growth dependent on capital inflows. </s>"
824,"<s>[INST]  Argentina's rigid currency board, in which the peso is pegged at [/INST]  par to the dollar, makes growth dependent on capital inflows. But investors have been troubled by squabbles within Mr de la Rua's team. And rising interest rates in the United States have caused fresh worries about the availability offinance for Argentina and Brazil. </s>"
825,"<s>[INST] Even so, Argentina has been struggling to pull out of recession-in part because the new government of Fernando de la Rua raised taxes in December in an effort to help cut the fiscal deficit.  Argentina's rigid currency board, in which the peso is pegged at [/INST]  par to the dollar, makes growth dependent on capital inflows. But investors have been troubled by squabbles within Mr de la Rua's team. </s>"
826,"<s>[INST]  But investors have been troubled by squabbles [/INST]  within Mr de la Rua's team. And rising interest rates in the United States have caused fresh worries about the availability offinance for Argentina and Brazil. That has caused the real to slip by 7% against the dollar since March 23rd, and shares and bonds in both countries to sag. </s>"
827,"<s>[INST] Argentina's rigid currency board, in which the peso is pegged at par to the dollar, makes growth dependent on capital inflows.  But investors have been troubled by squabbles [/INST]  within Mr de la Rua's team. And rising interest rates in the United States have caused fresh worries about the availability offinance for Argentina and Brazil. </s>"
828,"<s>[INST]  And rising interest rates in the United States have caused fresh [/INST]  worries about the availability offinance for Argentina and Brazil. That has caused the real to slip by 7% against the dollar since March 23rd, and shares and bonds in both countries to sag. Such turbulence may increase the determination of both governments to implement their ""mini-Maastricht"". </s>"
829,"<s>[INST] But investors have been troubled by squabbles within Mr de la Rua's team.  And rising interest rates in the United States have caused fresh [/INST]  worries about the availability offinance for Argentina and Brazil. That has caused the real to slip by 7% against the dollar since March 23rd, and shares and bonds in both countries to sag. </s>"
830,"<s>[INST]  That has caused the real to slip by 7% against the dollar since [/INST]  March 23rd, and shares and bonds in both countries to sag. Such turbulence may increase the determination of both governments to implement their ""mini-Maastricht"". Work has begun on harmonising statistics. </s>"
831,"<s>[INST] And rising interest rates in the United States have caused fresh worries about the availability offinance for Argentina and Brazil.  That has caused the real to slip by 7% against the dollar since [/INST]  March 23rd, and shares and bonds in both countries to sag. Such turbulence may increase the determination of both governments to implement their ""mini-Maastricht"". </s>"
832,"<s>[INST]  Such turbulence may increase the determination of [/INST]  both governments to implement their ""mini-Maastricht"". Work has begun on harmonising statistics. Officials hope to announce the targets next March. </s>"
833,"<s>[INST] That has caused the real to slip by 7% against the dollar since March 23rd, and shares and bonds in both countries to sag.  Such turbulence may increase the determination of [/INST]  both governments to implement their ""mini-Maastricht"". Work has begun on harmonising statistics. </s>"
834,"<s>[INST]  Uruguay and Paraguay, Mercosur's other full members, will be invited to [/INST]  take part, as eventually will associates Chile and Bolivia. The first targets will cover public debt, government borrowing and inflation. Others, such as the balance of payments, may come later. </s>"
835,"<s>[INST] Officials hope to announce the targets next March.  Uruguay and Paraguay, Mercosur's other full members, will be invited to [/INST]  take part, as eventually will associates Chile and Bolivia. The first targets will cover public debt, government borrowing and inflation. </s>"
836,"<s>[INST]  The first targets will cover public [/INST]  debt, government borrowing and inflation. Others, such as the balance of payments, may come later. In the long term, the aim is supposed to be a common currency. </s>"
837,"<s>[INST] Uruguay and Paraguay, Mercosur's other full members, will be invited to take part, as eventually will associates Chile and Bolivia.  The first targets will cover public [/INST]  debt, government borrowing and inflation. Others, such as the balance of payments, may come later. </s>"
838,"<s>[INST]  In the long term, the aim is [/INST]  supposed to be a common currency. But there is a shorter-term benefit too: Argentina has dropped earlier talk of ""compensation"" for industries ""damaged"" by devaluation, since its officials hope that convergence will bind Brazil to continued fiscal discipline, reducing the likelihood of bigger slumps in the real. Brazil and Argentina have also reached a compromise on the vexed issue of how to solve trade disputes within Mercosur. </s>"
839,"<s>[INST] Others, such as the balance of payments, may come later.  In the long term, the aim is [/INST]  supposed to be a common currency. But there is a shorter-term benefit too: Argentina has dropped earlier talk of ""compensation"" for industries ""damaged"" by devaluation, since its officials hope that convergence will bind Brazil to continued fiscal discipline, reducing the likelihood of bigger slumps in the real. </s>"
840,"<s>[INST]  But there is a shorter-term benefit too: Argentina has dropped earlier talk of ""compensation"" for industries ""damaged"" by devaluation, since its [/INST]  officials hope that convergence will bind Brazil to continued fiscal discipline, reducing the likelihood of bigger slumps in the real. Brazil and Argentina have also reached a compromise on the vexed issue of how to solve trade disputes within Mercosur. Argentina has long wanted a permanent tribunal, instead of the current, tentative, arrangement of assembling an ad hoc panel for each case. </s>"
841,"<s>[INST] In the long term, the aim is supposed to be a common currency.  But there is a shorter-term benefit too: Argentina has dropped earlier talk of ""compensation"" for industries ""damaged"" by devaluation, since its [/INST]  officials hope that convergence will bind Brazil to continued fiscal discipline, reducing the likelihood of bigger slumps in the real. Brazil and Argentina have also reached a compromise on the vexed issue of how to solve trade disputes within Mercosur. </s>"
842,"<s>[INST]  Brazil and Argentina have also reached a compromise on the vexed [/INST]  issue of how to solve trade disputes within Mercosur. Argentina has long wanted a permanent tribunal, instead of the current, tentative, arrangement of assembling an ad hoc panel for each case. But Brazil,jealous of its sovereignty, has claimed to see in this an expensive, Brusselsstyle bureaucracy. </s>"
843,"<s>[INST] But there is a shorter-term benefit too: Argentina has dropped earlier talk of ""compensation"" for industries ""damaged"" by devaluation, since its officials hope that convergence will bind Brazil to continued fiscal discipline, reducing the likelihood of bigger slumps in the real.  Brazil and Argentina have also reached a compromise on the vexed [/INST]  issue of how to solve trade disputes within Mercosur. Argentina has long wanted a permanent tribunal, instead of the current, tentative, arrangement of assembling an ad hoc panel for each case. </s>"
844,"<s>[INST]  Argentina has long wanted a permanent tribunal, instead of the current, tentative, [/INST]  arrangement of assembling an ad hoc panel for each case. But Brazil,jealous of its sovereignty, has claimed to see in this an expensive, Brusselsstyle bureaucracy. The countries have now agreed to assemble a duty roster of judges, who would be available to serve on panels for perhaps two years at a stretch, to help develop ""jurisprudence"", as Debora Giorgi, Argentina's trade secretary, puts it. </s>"
845,"<s>[INST] Brazil and Argentina have also reached a compromise on the vexed issue of how to solve trade disputes within Mercosur.  Argentina has long wanted a permanent tribunal, instead of the current, tentative, [/INST]  arrangement of assembling an ad hoc panel for each case. But Brazil,jealous of its sovereignty, has claimed to see in this an expensive, Brusselsstyle bureaucracy. </s>"
846,"<s>[INST]  But Brazil,jealous of its sovereignty, has claimed to [/INST]  see in this an expensive, Brusselsstyle bureaucracy. The countries have now agreed to assemble a duty roster of judges, who would be available to serve on panels for perhaps two years at a stretch, to help develop ""jurisprudence"", as Debora Giorgi, Argentina's trade secretary, puts it. Another point of deadlock has been measures to ensure competition. </s>"
847,"<s>[INST] Argentina has long wanted a permanent tribunal, instead of the current, tentative, arrangement of assembling an ad hoc panel for each case.  But Brazil,jealous of its sovereignty, has claimed to [/INST]  see in this an expensive, Brusselsstyle bureaucracy. The countries have now agreed to assemble a duty roster of judges, who would be available to serve on panels for perhaps two years at a stretch, to help develop ""jurisprudence"", as Debora Giorgi, Argentina's trade secretary, puts it. </s>"
848,"<s>[INST]  The countries have now agreed to assemble a duty roster of judges, who would be available to serve on panels [/INST]  for perhaps two years at a stretch, to help develop ""jurisprudence"", as Debora Giorgi, Argentina's trade secretary, puts it. Another point of deadlock has been measures to ensure competition. Argentina wants curbs on investment incentives, to halt the (albeit modest) flow of firms being enticed to Brazil by tax breaks, free land and other handouts. </s>"
849,"<s>[INST] But Brazil,jealous of its sovereignty, has claimed to see in this an expensive, Brusselsstyle bureaucracy.  The countries have now agreed to assemble a duty roster of judges, who would be available to serve on panels [/INST]  for perhaps two years at a stretch, to help develop ""jurisprudence"", as Debora Giorgi, Argentina's trade secretary, puts it. Another point of deadlock has been measures to ensure competition. </s>"
850,"<s>[INST]  Argentina wants curbs on investment incentives, to halt the (albeit modest) flow of firms [/INST]  being enticed to Brazil by tax breaks, free land and other handouts. Brazil wants an end to ""antidumping"" measures within the group, such as Argentina's threatened textile quotas. Brazilian officials believe such measures encourage the United States to make dubious claims of dumping, for instance, against Brazilian steel. </s>"
851,"<s>[INST] Another point of deadlock has been measures to ensure competition.  Argentina wants curbs on investment incentives, to halt the (albeit modest) flow of firms [/INST]  being enticed to Brazil by tax breaks, free land and other handouts. Brazil wants an end to ""antidumping"" measures within the group, such as Argentina's threatened textile quotas. </s>"
852,"<s>[INST]  Brazil wants an end to ""antidumping"" measures within the [/INST]  group, such as Argentina's threatened textile quotas. Brazilian officials believe such measures encourage the United States to make dubious claims of dumping, for instance, against Brazilian steel. A third element would be a common policy on unfair trading. </s>"
853,"<s>[INST] Argentina wants curbs on investment incentives, to halt the (albeit modest) flow of firms being enticed to Brazil by tax breaks, free land and other handouts.  Brazil wants an end to ""antidumping"" measures within the [/INST]  group, such as Argentina's threatened textile quotas. Brazilian officials believe such measures encourage the United States to make dubious claims of dumping, for instance, against Brazilian steel. </s>"
854,"<s>[INST]  Brazilian officials believe such measures encourage the United States to make [/INST]  dubious claims of dumping, for instance, against Brazilian steel. A third element would be a common policy on unfair trading. Such matters would require enforcement by some sort of supranational authority, as Luiz Felipe Lampreia, Brazil's foreign minister, admits. </s>"
855,"<s>[INST] Brazil wants an end to ""antidumping"" measures within the group, such as Argentina's threatened textile quotas.  Brazilian officials believe such measures encourage the United States to make [/INST]  dubious claims of dumping, for instance, against Brazilian steel. A third element would be a common policy on unfair trading. </s>"
856,"<s>[INST]  A third element would be a [/INST]  common policy on unfair trading. Such matters would require enforcement by some sort of supranational authority, as Luiz Felipe Lampreia, Brazil's foreign minister, admits. That is one reason why they have long languished on Mercosur's agenda. </s>"
857,"<s>[INST] Brazilian officials believe such measures encourage the United States to make dubious claims of dumping, for instance, against Brazilian steel.  A third element would be a [/INST]  common policy on unfair trading. Such matters would require enforcement by some sort of supranational authority, as Luiz Felipe Lampreia, Brazil's foreign minister, admits. </s>"
858,"<s>[INST]  Such matters would require enforcement by some sort of supranational [/INST]  authority, as Luiz Felipe Lampreia, Brazil's foreign minister, admits. That is one reason why they have long languished on Mercosur's agenda. But the new plan to negotiate all these issues in a single package increases the chances of success, according to Felix Pena, one of Ms Giorgi's predecessors. </s>"
859,"<s>[INST] A third element would be a common policy on unfair trading.  Such matters would require enforcement by some sort of supranational [/INST]  authority, as Luiz Felipe Lampreia, Brazil's foreign minister, admits. That is one reason why they have long languished on Mercosur's agenda. </s>"
860,"<s>[INST]  That is one reason why they have [/INST]  long languished on Mercosur's agenda. But the new plan to negotiate all these issues in a single package increases the chances of success, according to Felix Pena, one of Ms Giorgi's predecessors. Meanwhile, producers in ""sensitive"" industries, from chicken to shoes, will continue to be encouraged to reach private deals in which Brazilian firms limit their market share while Argentine ones improve productivity. </s>"
861,"<s>[INST] Such matters would require enforcement by some sort of supranational authority, as Luiz Felipe Lampreia, Brazil's foreign minister, admits.  That is one reason why they have [/INST]  long languished on Mercosur's agenda. But the new plan to negotiate all these issues in a single package increases the chances of success, according to Felix Pena, one of Ms Giorgi's predecessors. </s>"
862,"<s>[INST]  But the new plan to negotiate all these issues in a single package increases [/INST]  the chances of success, according to Felix Pena, one of Ms Giorgi's predecessors. Meanwhile, producers in ""sensitive"" industries, from chicken to shoes, will continue to be encouraged to reach private deals in which Brazilian firms limit their market share while Argentine ones improve productivity. Ms Giorgi says the two governments will ensure that such deals are temporary, and that restructuring does happen. </s>"
863,"<s>[INST] That is one reason why they have long languished on Mercosur's agenda.  But the new plan to negotiate all these issues in a single package increases [/INST]  the chances of success, according to Felix Pena, one of Ms Giorgi's predecessors. Meanwhile, producers in ""sensitive"" industries, from chicken to shoes, will continue to be encouraged to reach private deals in which Brazilian firms limit their market share while Argentine ones improve productivity. </s>"
864,"<s>[INST]  Meanwhile, producers in ""sensitive"" industries, from chicken to shoes, will continue to be encouraged to reach [/INST]  private deals in which Brazilian firms limit their market share while Argentine ones improve productivity. Ms Giorgi says the two governments will ensure that such deals are temporary, and that restructuring does happen. Where does that leave Mercosur's smaller members? </s>"
865,"<s>[INST] But the new plan to negotiate all these issues in a single package increases the chances of success, according to Felix Pena, one of Ms Giorgi's predecessors.  Meanwhile, producers in ""sensitive"" industries, from chicken to shoes, will continue to be encouraged to reach [/INST]  private deals in which Brazilian firms limit their market share while Argentine ones improve productivity. Ms Giorgi says the two governments will ensure that such deals are temporary, and that restructuring does happen. </s>"
866,"<s>[INST]  Ms Giorgi says the two governments will ensure that such [/INST]  deals are temporary, and that restructuring does happen. Where does that leave Mercosur's smaller members? Shut out of a market stitched up by the giants, worries Sergio Abreu, Uruguay's industry minister. </s>"
867,"<s>[INST] Meanwhile, producers in ""sensitive"" industries, from chicken to shoes, will continue to be encouraged to reach private deals in which Brazilian firms limit their market share while Argentine ones improve productivity.  Ms Giorgi says the two governments will ensure that such [/INST]  deals are temporary, and that restructuring does happen. Where does that leave Mercosur's smaller members? </s>"
868,"<s>[INST]  Shut out of a market stitched up by the [/INST]  giants, worries Sergio Abreu, Uruguay's industry minister. Uruguay has so far refused to back the Argentine-Brazilian car deal, which imposes a 35% tariff on non-Mercosur cars from 2006. Complicated though such matters are, at least Mercosur is moving again. </s>"
869,"<s>[INST] Where does that leave Mercosur's smaller members?  Shut out of a market stitched up by the [/INST]  giants, worries Sergio Abreu, Uruguay's industry minister. Uruguay has so far refused to back the Argentine-Brazilian car deal, which imposes a 35% tariff on non-Mercosur cars from 2006. </s>"
870,"<s>[INST]  Uruguay has so far refused to back the Argentine-Brazilian car deal, [/INST]  which imposes a 35% tariff on non-Mercosur cars from 2006. Complicated though such matters are, at least Mercosur is moving again. But further progress is likely to depend on economic performance. </s>"
871,"<s>[INST] Shut out of a market stitched up by the giants, worries Sergio Abreu, Uruguay's industry minister.  Uruguay has so far refused to back the Argentine-Brazilian car deal, [/INST]  which imposes a 35% tariff on non-Mercosur cars from 2006. Complicated though such matters are, at least Mercosur is moving again. </s>"
872,"<s>[INST]  Complicated though such matters are, at [/INST]  least Mercosur is moving again. But further progress is likely to depend on economic performance. Meeting the ""mini-Maastricht"" targets will involve sticking to, and even toughening, unpopular austerity programmes, and approving difficult domestic reforms. </s>"
873,"<s>[INST] Uruguay has so far refused to back the Argentine-Brazilian car deal, which imposes a 35% tariff on non-Mercosur cars from 2006.  Complicated though such matters are, at [/INST]  least Mercosur is moving again. But further progress is likely to depend on economic performance. </s>"
874,"<s>[INST]  accountid=28034 Abstract: The new centre-left Alliance government is eager to increase the [/INST]  funding available under the IMF programme, possibly up to $5bn. However, prospects for a larger support package, such as a $10bn package mooted last year, has slipped off the agenda. Winning the IMF's imprimatur is essential for Argentina to rebuild investor confidence and bridge its financing gap for this year, estimated at $17.5bn or more. </s>"
875,"<s>[INST] proquest.com/docview/248721900?  accountid=28034 Abstract: The new centre-left Alliance government is eager to increase the [/INST]  funding available under the IMF programme, possibly up to $5bn. However, prospects for a larger support package, such as a $10bn package mooted last year, has slipped off the agenda. </s>"
876,"<s>[INST]  However, prospects for a larger support package, such as a $10bn [/INST]  package mooted last year, has slipped off the agenda. Winning the IMF's imprimatur is essential for Argentina to rebuild investor confidence and bridge its financing gap for this year, estimated at $17.5bn or more. Under plans announced last month, Argentina aims to raise almost $10bn in the international capital markets this year with a mixture of dollar, yen and euro issues. </s>"
877,"<s>[INST] accountid=28034  Abstract: The new centre-left Alliance government is eager to increase the funding available under the IMF programme, possibly up to $5bn.  However, prospects for a larger support package, such as a $10bn [/INST]  package mooted last year, has slipped off the agenda. Winning the IMF's imprimatur is essential for Argentina to rebuild investor confidence and bridge its financing gap for this year, estimated at $17.5bn or more. </s>"
878,"<s>[INST]  Winning the IMF's imprimatur is essential for Argentina to rebuild investor confidence and [/INST]  bridge its financing gap for this year, estimated at $17.5bn or more. Under plans announced last month, Argentina aims to raise almost $10bn in the international capital markets this year with a mixture of dollar, yen and euro issues. Full text: A team from the Inter-national Monetary Fund team is to arrive in Buenos Aires today to start negotiating the extension or possible replacement of Argentina's three-year $2.8bn extended fund facility with the organisation. </s>"
879,"<s>[INST] However, prospects for a larger support package, such as a $10bn package mooted last year, has slipped off the agenda.  Winning the IMF's imprimatur is essential for Argentina to rebuild investor confidence and [/INST]  bridge its financing gap for this year, estimated at $17.5bn or more. Under plans announced last month, Argentina aims to raise almost $10bn in the international capital markets this year with a mixture of dollar, yen and euro issues. </s>"
880,"<s>[INST]  Under plans announced last month, Argentina aims to raise almost $10bn in the international [/INST]  capital markets this year with a mixture of dollar, yen and euro issues. Full text: A team from the Inter-national Monetary Fund team is to arrive in Buenos Aires today to start negotiating the extension or possible replacement of Argentina's three-year $2.8bn extended fund facility with the organisation. The new centre-left Alliance government is eager to increase the funding available under the IMF programme, possibly up to $5bn. </s>"
881,"<s>[INST] Winning the IMF's imprimatur is essential for Argentina to rebuild investor confidence and bridge its financing gap for this year, estimated at $17.5bn or more.  Under plans announced last month, Argentina aims to raise almost $10bn in the international [/INST]  capital markets this year with a mixture of dollar, yen and euro issues. Full text: A team from the Inter-national Monetary Fund team is to arrive in Buenos Aires today to start negotiating the extension or possible replacement of Argentina's three-year $2.8bn extended fund facility with the organisation. </s>"
882,"<s>[INST]  Full text: A team from the Inter-national Monetary Fund team is to arrive in Buenos Aires today to [/INST]  start negotiating the extension or possible replacement of Argentina's three-year $2.8bn extended fund facility with the organisation. The new centre-left Alliance government is eager to increase the funding available under the IMF programme, possibly up to $5bn. However, prospects for a larger support package, such as a $10bn package mooted last year, has slipped off the agenda. </s>"
883,"<s>[INST] Under plans announced last month, Argentina aims to raise almost $10bn in the international capital markets this year with a mixture of dollar, yen and euro issues.  Full text: A team from the Inter-national Monetary Fund team is to arrive in Buenos Aires today to [/INST]  start negotiating the extension or possible replacement of Argentina's three-year $2.8bn extended fund facility with the organisation. The new centre-left Alliance government is eager to increase the funding available under the IMF programme, possibly up to $5bn. </s>"
884,"<s>[INST]  The new centre-left Alliance government is eager to increase the funding [/INST]  available under the IMF programme, possibly up to $5bn. However, prospects for a larger support package, such as a $10bn package mooted last year, has slipped off the agenda. Winning the IMF's imprimatur is essential for Argentina to rebuild investor confidence and bridge its financing gap for this year, estimated at $17.5bn or more. </s>"
885,"<s>[INST] Full text: A team from the Inter-national Monetary Fund team is to arrive in Buenos Aires today to start negotiating the extension or possible replacement of Argentina's three-year $2.8bn extended fund facility with the organisation.  The new centre-left Alliance government is eager to increase the funding [/INST]  available under the IMF programme, possibly up to $5bn. However, prospects for a larger support package, such as a $10bn package mooted last year, has slipped off the agenda. </s>"
886,"<s>[INST]  However, prospects for a larger support package, such as a $10bn [/INST]  package mooted last year, has slipped off the agenda. Winning the IMF's imprimatur is essential for Argentina to rebuild investor confidence and bridge its financing gap for this year, estimated at $17.5bn or more. Under plans announced last month, Argentina aims to raise almost $10bn in the international capital markets this year with a mixture of dollar, yen and euro issues. </s>"
887,"<s>[INST] The new centre-left Alliance government is eager to increase the funding available under the IMF programme, possibly up to $5bn.  However, prospects for a larger support package, such as a $10bn [/INST]  package mooted last year, has slipped off the agenda. Winning the IMF's imprimatur is essential for Argentina to rebuild investor confidence and bridge its financing gap for this year, estimated at $17.5bn or more. </s>"
888,"<s>[INST]  Winning the IMF's imprimatur is essential for Argentina to rebuild investor confidence and [/INST]  bridge its financing gap for this year, estimated at $17.5bn or more. Under plans announced last month, Argentina aims to raise almost $10bn in the international capital markets this year with a mixture of dollar, yen and euro issues. Argentina defied market turbulence yesterday and successfully launched a 7-year {XEU}750m bond issue. </s>"
889,"<s>[INST] However, prospects for a larger support package, such as a $10bn package mooted last year, has slipped off the agenda.  Winning the IMF's imprimatur is essential for Argentina to rebuild investor confidence and [/INST]  bridge its financing gap for this year, estimated at $17.5bn or more. Under plans announced last month, Argentina aims to raise almost $10bn in the international capital markets this year with a mixture of dollar, yen and euro issues. </s>"
890,"<s>[INST]  Under plans announced last month, Argentina aims to raise almost $10bn in the international [/INST]  capital markets this year with a mixture of dollar, yen and euro issues. Argentina defied market turbulence yesterday and successfully launched a 7-year {XEU}750m bond issue. But prolonged volatility following Tuesday's sharp falls in international markets could complicate the financing task. </s>"
891,"<s>[INST] Winning the IMF's imprimatur is essential for Argentina to rebuild investor confidence and bridge its financing gap for this year, estimated at $17.5bn or more.  Under plans announced last month, Argentina aims to raise almost $10bn in the international [/INST]  capital markets this year with a mixture of dollar, yen and euro issues. Argentina defied market turbulence yesterday and successfully launched a 7-year {XEU}750m bond issue. </s>"
892,"<s>[INST]  Argentina defied market turbulence yesterday and successfully [/INST]  launched a 7-year {XEU}750m bond issue. But prolonged volatility following Tuesday's sharp falls in international markets could complicate the financing task. Last week, the government pushed a package of tax increases through Congress as part of a strategy to reduce this year's fiscal deficit to $4.5bn, or about 1.5 per cent of gross domestic product. </s>"
893,"<s>[INST] Under plans announced last month, Argentina aims to raise almost $10bn in the international capital markets this year with a mixture of dollar, yen and euro issues.  Argentina defied market turbulence yesterday and successfully [/INST]  launched a 7-year {XEU}750m bond issue. But prolonged volatility following Tuesday's sharp falls in international markets could complicate the financing task. </s>"
894,"<s>[INST]  But prolonged volatility following Tuesday's sharp falls in [/INST]  international markets could complicate the financing task. Last week, the government pushed a package of tax increases through Congress as part of a strategy to reduce this year's fiscal deficit to $4.5bn, or about 1.5 per cent of gross domestic product. Last year's deficit ballooned to over $6bn as recession eroded tax revenues. </s>"
895,"<s>[INST] Argentina defied market turbulence yesterday and successfully launched a 7-year {XEU}750m bond issue.  But prolonged volatility following Tuesday's sharp falls in [/INST]  international markets could complicate the financing task. Last week, the government pushed a package of tax increases through Congress as part of a strategy to reduce this year's fiscal deficit to $4.5bn, or about 1.5 per cent of gross domestic product. </s>"
896,"<s>[INST]  Last week, the government pushed a package of tax increases through Congress as part of a strategy to [/INST]  reduce this year's fiscal deficit to $4.5bn, or about 1.5 per cent of gross domestic product. Last year's deficit ballooned to over $6bn as recession eroded tax revenues. However, the government is almost certain to secure a waiver for exceeding last year's $5.1bn deficit target set with the IMF. </s>"
897,"<s>[INST] But prolonged volatility following Tuesday's sharp falls in international markets could complicate the financing task.  Last week, the government pushed a package of tax increases through Congress as part of a strategy to [/INST]  reduce this year's fiscal deficit to $4.5bn, or about 1.5 per cent of gross domestic product. Last year's deficit ballooned to over $6bn as recession eroded tax revenues. </s>"
898,"<s>[INST]  Last year's deficit ballooned to over $6bn [/INST]  as recession eroded tax revenues. However, the government is almost certain to secure a waiver for exceeding last year's $5.1bn deficit target set with the IMF. The tax increases and a cost-cutting budget may help ease investors' concerns over the deficit and the issue of governability. </s>"
899,"<s>[INST] Last week, the government pushed a package of tax increases through Congress as part of a strategy to reduce this year's fiscal deficit to $4.5bn, or about 1.5 per cent of gross domestic product.  Last year's deficit ballooned to over $6bn [/INST]  as recession eroded tax revenues. However, the government is almost certain to secure a waiver for exceeding last year's $5.1bn deficit target set with the IMF. </s>"
900,"<s>[INST]  However, the government is almost certain to secure a waiver for [/INST]  exceeding last year's $5.1bn deficit target set with the IMF. The tax increases and a cost-cutting budget may help ease investors' concerns over the deficit and the issue of governability. The new government lacks an outright majority in Congress' lower house and is outgunned by the opposition Peronists in the Senate, while the country's most powerful provinces also remain in Peronist hands. </s>"
901,"<s>[INST] Last year's deficit ballooned to over $6bn as recession eroded tax revenues.  However, the government is almost certain to secure a waiver for [/INST]  exceeding last year's $5.1bn deficit target set with the IMF. The tax increases and a cost-cutting budget may help ease investors' concerns over the deficit and the issue of governability. </s>"
902,"<s>[INST]  The tax increases and a cost-cutting budget may help ease investors' [/INST]  concerns over the deficit and the issue of governability. The new government lacks an outright majority in Congress' lower house and is outgunned by the opposition Peronists in the Senate, while the country's most powerful provinces also remain in Peronist hands. Analysts say there is still much investor scepticism to overcome. </s>"
903,"<s>[INST] However, the government is almost certain to secure a waiver for exceeding last year's $5.1bn deficit target set with the IMF.  The tax increases and a cost-cutting budget may help ease investors' [/INST]  concerns over the deficit and the issue of governability. The new government lacks an outright majority in Congress' lower house and is outgunned by the opposition Peronists in the Senate, while the country's most powerful provinces also remain in Peronist hands. </s>"
904,"<s>[INST]  The new government lacks an outright majority in Congress' lower house and is outgunned by the opposition [/INST]  Peronists in the Senate, while the country's most powerful provinces also remain in Peronist hands. Analysts say there is still much investor scepticism to overcome. ""Investors are just not giving Argentina the benefit of the doubt,"" said Walter Molano, head of research at BCP Securities. </s>"
905,"<s>[INST] The tax increases and a cost-cutting budget may help ease investors' concerns over the deficit and the issue of governability.  The new government lacks an outright majority in Congress' lower house and is outgunned by the opposition [/INST]  Peronists in the Senate, while the country's most powerful provinces also remain in Peronist hands. Analysts say there is still much investor scepticism to overcome. </s>"
906,"<s>[INST]  ""Investors are just not giving Argentina the benefit of the doubt,"" [/INST]  said Walter Molano, head of research at BCP Securities. ""People are patently pessimistic. They see the financing task as very high"". </s>"
907,"<s>[INST] Analysts say there is still much investor scepticism to overcome.  ""Investors are just not giving Argentina the benefit of the doubt,"" [/INST]  said Walter Molano, head of research at BCP Securities. ""People are patently pessimistic. </s>"
908,"<s>[INST]  On the positive side, the economy is climbing out of a recession [/INST]  which wiped more than 3 per cent off GDP last year. ""The economic recovery is clearly in place,"" said Arturo Porzecanski, chief economist for the Americas at ING Barings. ""If Argentina had proper US-style statistics, we would see that the recession ended months ago"". </s>"
909,"<s>[INST] They see the financing task as very high"".  On the positive side, the economy is climbing out of a recession [/INST]  which wiped more than 3 per cent off GDP last year. ""The economic recovery is clearly in place,"" said Arturo Porzecanski, chief economist for the Americas at ING Barings. </s>"
910,"<s>[INST]  ""The economic recovery is clearly in place,"" said Arturo Porzecanski, [/INST]  chief economist for the Americas at ING Barings. ""If Argentina had proper US-style statistics, we would see that the recession ended months ago"". Copyright Financial Times Limited 2000. </s>"
911,"<s>[INST] On the positive side, the economy is climbing out of a recession which wiped more than 3 per cent off GDP last year.  ""The economic recovery is clearly in place,"" said Arturo Porzecanski, [/INST]  chief economist for the Americas at ING Barings. ""If Argentina had proper US-style statistics, we would see that the recession ended months ago"". </s>"
912,"<s>[INST]  ""If Argentina had proper US-style statistics, we would [/INST]  see that the recession ended months ago"". Copyright Financial Times Limited 2000. All Rights Reserved. </s>"
913,"<s>[INST] ""The economic recovery is clearly in place,"" said Arturo Porzecanski, chief economist for the Americas at ING Barings.  ""If Argentina had proper US-style statistics, we would [/INST]  see that the recession ended months ago"". Copyright Financial Times Limited 2000. </s>"
914,"<s>[INST]  accountid=28034 Abstract: Investors cheered news of the accord, expressing relief that a [/INST]  delicate political situation had not derailed the international rescue package. Argentina's FRB bond, the most widely-traded of its Brady issues, rose 1{1/4} to 88{1/4}. An IMF delegation will now travel to Buenos Aires to put the finishing touches on Argentina's new programme. </s>"
915,"<s>[INST] proquest.com/docview/248842422?  accountid=28034 Abstract: Investors cheered news of the accord, expressing relief that a [/INST]  delicate political situation had not derailed the international rescue package. Argentina's FRB bond, the most widely-traded of its Brady issues, rose 1{1/4} to 88{1/4}. </s>"
916,"<s>[INST]  Argentina's FRB bond, the most widely-traded of its [/INST]  Brady issues, rose 1{1/4} to 88{1/4}. An IMF delegation will now travel to Buenos Aires to put the finishing touches on Argentina's new programme. Faced with a severe credit crunch, Argentina was forced to turn to the IMF for help earlier this month. </s>"
917,"<s>[INST] accountid=28034  Abstract: Investors cheered news of the accord, expressing relief that a delicate political situation had not derailed the international rescue package.  Argentina's FRB bond, the most widely-traded of its [/INST]  Brady issues, rose 1{1/4} to 88{1/4}. An IMF delegation will now travel to Buenos Aires to put the finishing touches on Argentina's new programme. </s>"
918,"<s>[INST]  An IMF delegation will now travel to Buenos Aires to [/INST]  put the finishing touches on Argentina's new programme. Faced with a severe credit crunch, Argentina was forced to turn to the IMF for help earlier this month. After more than two years of economic stagnation, investors were fearful that the country might prove unable to borrow the $20bn it needs to continue servicing its $123.5bn in foreign debt. </s>"
919,"<s>[INST] Argentina's FRB bond, the most widely-traded of its Brady issues, rose 1{1/4} to 88{1/4}.  An IMF delegation will now travel to Buenos Aires to [/INST]  put the finishing touches on Argentina's new programme. Faced with a severe credit crunch, Argentina was forced to turn to the IMF for help earlier this month. </s>"
920,"<s>[INST]  Faced with a severe credit crunch, Argentina was forced to [/INST]  turn to the IMF for help earlier this month. After more than two years of economic stagnation, investors were fearful that the country might prove unable to borrow the $20bn it needs to continue servicing its $123.5bn in foreign debt. Full text: Following eight days of tense negotiations, Argentina's government has secured agreement of provincial governors for a set of emergency economic measures, opening the way for an international rescue package that could total $20bn or more. </s>"
921,"<s>[INST] An IMF delegation will now travel to Buenos Aires to put the finishing touches on Argentina's new programme.  Faced with a severe credit crunch, Argentina was forced to [/INST]  turn to the IMF for help earlier this month. After more than two years of economic stagnation, investors were fearful that the country might prove unable to borrow the $20bn it needs to continue servicing its $123.5bn in foreign debt. </s>"
922,"<s>[INST]  After more than two years of economic stagnation, investors were fearful that the country might prove [/INST]  unable to borrow the $20bn it needs to continue servicing its $123.5bn in foreign debt. Full text: Following eight days of tense negotiations, Argentina's government has secured agreement of provincial governors for a set of emergency economic measures, opening the way for an international rescue package that could total $20bn or more. Yesterday, all but one of the 14 Peronist governors signed an agreement putting a freeze their primary spending until 2005 - a key component of the package of measures announced by President Fernando de la Rua on November 10. </s>"
923,"<s>[INST] Faced with a severe credit crunch, Argentina was forced to turn to the IMF for help earlier this month.  After more than two years of economic stagnation, investors were fearful that the country might prove [/INST]  unable to borrow the $20bn it needs to continue servicing its $123.5bn in foreign debt. Full text: Following eight days of tense negotiations, Argentina's government has secured agreement of provincial governors for a set of emergency economic measures, opening the way for an international rescue package that could total $20bn or more. </s>"
924,"<s>[INST]  Full text: Following eight days of tense negotiations, Argentina's government has secured agreement of provincial governors for a set [/INST]  of emergency economic measures, opening the way for an international rescue package that could total $20bn or more. Yesterday, all but one of the 14 Peronist governors signed an agreement putting a freeze their primary spending until 2005 - a key component of the package of measures announced by President Fernando de la Rua on November 10. In return, the government agreed to a clause granting the provinces a ""temporary modification"" to spending limits in ""extreme cases"" in which essential services are threatened. </s>"
925,"<s>[INST] After more than two years of economic stagnation, investors were fearful that the country might prove unable to borrow the $20bn it needs to continue servicing its $123.5bn in foreign debt.  Full text: Following eight days of tense negotiations, Argentina's government has secured agreement of provincial governors for a set [/INST]  of emergency economic measures, opening the way for an international rescue package that could total $20bn or more. Yesterday, all but one of the 14 Peronist governors signed an agreement putting a freeze their primary spending until 2005 - a key component of the package of measures announced by President Fernando de la Rua on November 10. </s>"
926,"<s>[INST]  Yesterday, all but one of the 14 Peronist governors signed an agreement putting a freeze their primary spending until 2005 [/INST]  - a key component of the package of measures announced by President Fernando de la Rua on November 10. In return, the government agreed to a clause granting the provinces a ""temporary modification"" to spending limits in ""extreme cases"" in which essential services are threatened. Buenos Aires will also provide an additional $225m for social programmes in the provinces. </s>"
927,"<s>[INST] Full text: Following eight days of tense negotiations, Argentina's government has secured agreement of provincial governors for a set of emergency economic measures, opening the way for an international rescue package that could total $20bn or more.  Yesterday, all but one of the 14 Peronist governors signed an agreement putting a freeze their primary spending until 2005 [/INST]  - a key component of the package of measures announced by President Fernando de la Rua on November 10. In return, the government agreed to a clause granting the provinces a ""temporary modification"" to spending limits in ""extreme cases"" in which essential services are threatened. </s>"
928,"<s>[INST]  In return, the government agreed to a clause granting the provinces a ""temporary modification"" [/INST]  to spending limits in ""extreme cases"" in which essential services are threatened. Buenos Aires will also provide an additional $225m for social programmes in the provinces. ""As president, I am going to take all of the actions necessary under the constitution to preserve the Argentine economy and avoid any crisis situation,"" said Mr De la Rua. </s>"
929,"<s>[INST] Yesterday, all but one of the 14 Peronist governors signed an agreement putting a freeze their primary spending until 2005 - a key component of the package of measures announced by President Fernando de la Rua on November 10.  In return, the government agreed to a clause granting the provinces a ""temporary modification"" [/INST]  to spending limits in ""extreme cases"" in which essential services are threatened. Buenos Aires will also provide an additional $225m for social programmes in the provinces. </s>"
930,"<s>[INST]  Buenos Aires will also provide an additional $225m [/INST]  for social programmes in the provinces. ""As president, I am going to take all of the actions necessary under the constitution to preserve the Argentine economy and avoid any crisis situation,"" said Mr De la Rua. Investors cheered news of the accord, expressing relief that a delicate political situation had not derailed the international rescue package. </s>"
931,"<s>[INST] In return, the government agreed to a clause granting the provinces a ""temporary modification"" to spending limits in ""extreme cases"" in which essential services are threatened.  Buenos Aires will also provide an additional $225m [/INST]  for social programmes in the provinces. ""As president, I am going to take all of the actions necessary under the constitution to preserve the Argentine economy and avoid any crisis situation,"" said Mr De la Rua. </s>"
932,"<s>[INST]  ""As president, I am going to take all of the actions necessary under the constitution to [/INST]  preserve the Argentine economy and avoid any crisis situation,"" said Mr De la Rua. Investors cheered news of the accord, expressing relief that a delicate political situation had not derailed the international rescue package. Argentina's FRB bond, the most widely-traded of its Brady issues, rose 1{1/4} to 88{1/4}. </s>"
933,"<s>[INST] Buenos Aires will also provide an additional $225m for social programmes in the provinces.  ""As president, I am going to take all of the actions necessary under the constitution to [/INST]  preserve the Argentine economy and avoid any crisis situation,"" said Mr De la Rua. Investors cheered news of the accord, expressing relief that a delicate political situation had not derailed the international rescue package. </s>"
934,"<s>[INST]  Investors cheered news of the accord, expressing relief that a delicate [/INST]  political situation had not derailed the international rescue package. Argentina's FRB bond, the most widely-traded of its Brady issues, rose 1{1/4} to 88{1/4}. Larry Summers, US Treasury secretary, reiterated his support for the Argentine government. </s>"
935,"<s>[INST] ""As president, I am going to take all of the actions necessary under the constitution to preserve the Argentine economy and avoid any crisis situation,"" said Mr De la Rua.  Investors cheered news of the accord, expressing relief that a delicate [/INST]  political situation had not derailed the international rescue package. Argentina's FRB bond, the most widely-traded of its Brady issues, rose 1{1/4} to 88{1/4}. </s>"
936,"<s>[INST]  Argentina's FRB bond, the most widely-traded of its [/INST]  Brady issues, rose 1{1/4} to 88{1/4}. Larry Summers, US Treasury secretary, reiterated his support for the Argentine government. ""Argentina accomplished a great deal over the last decade and that puts it in a good position to meet the challenges that lie ahead,"" he said. </s>"
937,"<s>[INST] Investors cheered news of the accord, expressing relief that a delicate political situation had not derailed the international rescue package.  Argentina's FRB bond, the most widely-traded of its [/INST]  Brady issues, rose 1{1/4} to 88{1/4}. Larry Summers, US Treasury secretary, reiterated his support for the Argentine government. </s>"
938,"<s>[INST]  Larry Summers, US Treasury secretary, reiterated his [/INST]  support for the Argentine government. ""Argentina accomplished a great deal over the last decade and that puts it in a good position to meet the challenges that lie ahead,"" he said. An IMF delegation will now travel to Buenos Aires to put the finishing touches on Argentina's new programme. </s>"
939,"<s>[INST] Argentina's FRB bond, the most widely-traded of its Brady issues, rose 1{1/4} to 88{1/4}.  Larry Summers, US Treasury secretary, reiterated his [/INST]  support for the Argentine government. ""Argentina accomplished a great deal over the last decade and that puts it in a good position to meet the challenges that lie ahead,"" he said. </s>"
940,"<s>[INST]  ""Argentina accomplished a great deal over the last decade and that puts it in [/INST]  a good position to meet the challenges that lie ahead,"" he said. An IMF delegation will now travel to Buenos Aires to put the finishing touches on Argentina's new programme. Faced with a severe credit crunch, Argentina was forced to turn to the IMF for help earlier this month. </s>"
941,"<s>[INST] Larry Summers, US Treasury secretary, reiterated his support for the Argentine government.  ""Argentina accomplished a great deal over the last decade and that puts it in [/INST]  a good position to meet the challenges that lie ahead,"" he said. An IMF delegation will now travel to Buenos Aires to put the finishing touches on Argentina's new programme. </s>"
942,"<s>[INST]  An IMF delegation will now travel to Buenos Aires to [/INST]  put the finishing touches on Argentina's new programme. Faced with a severe credit crunch, Argentina was forced to turn to the IMF for help earlier this month. After more than two years of economic stagnation, investors were fearful that the country might prove unable to borrow the $20bn it needs to continue servicing its $123.5bn in foreign debt. </s>"
943,"<s>[INST] ""Argentina accomplished a great deal over the last decade and that puts it in a good position to meet the challenges that lie ahead,"" he said.  An IMF delegation will now travel to Buenos Aires to [/INST]  put the finishing touches on Argentina's new programme. Faced with a severe credit crunch, Argentina was forced to turn to the IMF for help earlier this month. </s>"
944,"<s>[INST]  Faced with a severe credit crunch, Argentina was forced to [/INST]  turn to the IMF for help earlier this month. After more than two years of economic stagnation, investors were fearful that the country might prove unable to borrow the $20bn it needs to continue servicing its $123.5bn in foreign debt. Those fears increased after the October 6 resignation of vice-president Carlos Alvarez, which set off a political crisis that threatened the governing coalition. </s>"
945,"<s>[INST] An IMF delegation will now travel to Buenos Aires to put the finishing touches on Argentina's new programme.  Faced with a severe credit crunch, Argentina was forced to [/INST]  turn to the IMF for help earlier this month. After more than two years of economic stagnation, investors were fearful that the country might prove unable to borrow the $20bn it needs to continue servicing its $123.5bn in foreign debt. </s>"
946,"<s>[INST]  After more than two years of economic stagnation, investors were fearful that the country might prove [/INST]  unable to borrow the $20bn it needs to continue servicing its $123.5bn in foreign debt. Those fears increased after the October 6 resignation of vice-president Carlos Alvarez, which set off a political crisis that threatened the governing coalition. News of the agreement is expected to help the government at a key test in the markets today, when it holds an auction to sell $550m in Treasury bills. </s>"
947,"<s>[INST] Faced with a severe credit crunch, Argentina was forced to turn to the IMF for help earlier this month.  After more than two years of economic stagnation, investors were fearful that the country might prove [/INST]  unable to borrow the $20bn it needs to continue servicing its $123.5bn in foreign debt. Those fears increased after the October 6 resignation of vice-president Carlos Alvarez, which set off a political crisis that threatened the governing coalition. </s>"
948,"<s>[INST]  Those fears increased after the October 6 resignation of vice-president Carlos Alvarez, [/INST]  which set off a political crisis that threatened the governing coalition. News of the agreement is expected to help the government at a key test in the markets today, when it holds an auction to sell $550m in Treasury bills. However, the government still faces many challenges. </s>"
949,"<s>[INST] After more than two years of economic stagnation, investors were fearful that the country might prove unable to borrow the $20bn it needs to continue servicing its $123.5bn in foreign debt.  Those fears increased after the October 6 resignation of vice-president Carlos Alvarez, [/INST]  which set off a political crisis that threatened the governing coalition. News of the agreement is expected to help the government at a key test in the markets today, when it holds an auction to sell $550m in Treasury bills. </s>"
950,"<s>[INST]  News of the agreement is expected to help the government at a key test in [/INST]  the markets today, when it holds an auction to sell $550m in Treasury bills. However, the government still faces many challenges. It is likely to have to pass several other measures, such as changes to the state pension fund, by presidential decree. </s>"
951,"<s>[INST] Those fears increased after the October 6 resignation of vice-president Carlos Alvarez, which set off a political crisis that threatened the governing coalition.  News of the agreement is expected to help the government at a key test in [/INST]  the markets today, when it holds an auction to sell $550m in Treasury bills. However, the government still faces many challenges. </s>"
952,"<s>[INST]  It is likely to have to pass several other measures, such [/INST]  as changes to the state pension fund, by presidential decree. That could complicate passage of the government's 2001 budget, which includes $700m in spending cuts and faces tough opposition in Congress. The government is also dealing with rising social unrest. </s>"
953,"<s>[INST] However, the government still faces many challenges.  It is likely to have to pass several other measures, such [/INST]  as changes to the state pension fund, by presidential decree. That could complicate passage of the government's 2001 budget, which includes $700m in spending cuts and faces tough opposition in Congress. </s>"
954,"<s>[INST]  That could complicate passage of the government's 2001 budget, which includes [/INST]  $700m in spending cuts and faces tough opposition in Congress. The government is also dealing with rising social unrest. Unions have called a general strike for Thursday and Friday, timed to coincide with the visit from the IMF. </s>"
955,"<s>[INST] It is likely to have to pass several other measures, such as changes to the state pension fund, by presidential decree.  That could complicate passage of the government's 2001 budget, which includes [/INST]  $700m in spending cuts and faces tough opposition in Congress. The government is also dealing with rising social unrest. </s>"
956,"<s>[INST]  Unions have called a general strike for Thursday and Friday, [/INST]  timed to coincide with the visit from the IMF. Copyright Financial Times Limited 2000. All Rights Reserved. </s>"
957,"<s>[INST] The government is also dealing with rising social unrest.  Unions have called a general strike for Thursday and Friday, [/INST]  timed to coincide with the visit from the IMF. Copyright Financial Times Limited 2000. </s>"
958,"<s>[INST]  accountid=28034 Abstract: Standard & Poors, the international credit ratings agency, yesterday downgraded Argentina's foreign debt [/INST]  rating from BB to BB-, dealing a further blow to the ailing economy. Standard & Poors move comes only seven weeks after it surprised pessimistic markets by reaffirming its rating on Argentina. Full text: Standard & Poors, the international credit ratings agency, yesterday downgraded Argentina's foreign debt rating from BB to BB-, dealing a further blow to the ailing economy. </s>"
959,"<s>[INST] proquest.com/docview/248862355?  accountid=28034 Abstract: Standard & Poors, the international credit ratings agency, yesterday downgraded Argentina's foreign debt [/INST]  rating from BB to BB-, dealing a further blow to the ailing economy. Standard & Poors move comes only seven weeks after it surprised pessimistic markets by reaffirming its rating on Argentina. </s>"
960,"<s>[INST]  Standard & Poors move comes only seven weeks after it [/INST]  surprised pessimistic markets by reaffirming its rating on Argentina. Full text: Standard & Poors, the international credit ratings agency, yesterday downgraded Argentina's foreign debt rating from BB to BB-, dealing a further blow to the ailing economy. Though not unexpected in itself, the timing of the move came as a big setback for the government, which is working feverishly to pass a raft of emergency economic measures to restore investor confidence and open the way for a multi-billion dollar international financial rescue package. </s>"
961,"<s>[INST] accountid=28034  Abstract: Standard & Poors, the international credit ratings agency, yesterday downgraded Argentina's foreign debt rating from BB to BB-, dealing a further blow to the ailing economy.  Standard & Poors move comes only seven weeks after it [/INST]  surprised pessimistic markets by reaffirming its rating on Argentina. Full text: Standard & Poors, the international credit ratings agency, yesterday downgraded Argentina's foreign debt rating from BB to BB-, dealing a further blow to the ailing economy. </s>"
962,"<s>[INST]  Full text: Standard & Poors, the international credit ratings agency, yesterday downgraded Argentina's foreign debt [/INST]  rating from BB to BB-, dealing a further blow to the ailing economy. Though not unexpected in itself, the timing of the move came as a big setback for the government, which is working feverishly to pass a raft of emergency economic measures to restore investor confidence and open the way for a multi-billion dollar international financial rescue package. The Argentine markets had been rallying since Friday, when the government announced the new measures and the International Monetary Fund confirmed it was putting together a package of aid. </s>"
963,"<s>[INST] Standard & Poors move comes only seven weeks after it surprised pessimistic markets by reaffirming its rating on Argentina.  Full text: Standard & Poors, the international credit ratings agency, yesterday downgraded Argentina's foreign debt [/INST]  rating from BB to BB-, dealing a further blow to the ailing economy. Though not unexpected in itself, the timing of the move came as a big setback for the government, which is working feverishly to pass a raft of emergency economic measures to restore investor confidence and open the way for a multi-billion dollar international financial rescue package. </s>"
964,"<s>[INST]  Though not unexpected in itself, the timing of the move came as a big setback for the government, which is working feverishly to pass [/INST]  a raft of emergency economic measures to restore investor confidence and open the way for a multi-billion dollar international financial rescue package. The Argentine markets had been rallying since Friday, when the government announced the new measures and the International Monetary Fund confirmed it was putting together a package of aid. The government's initiative has already run into problems from the opposition Peronist governors, whose support is critical for the measures to succeed. </s>"
965,"<s>[INST] Full text: Standard & Poors, the international credit ratings agency, yesterday downgraded Argentina's foreign debt rating from BB to BB-, dealing a further blow to the ailing economy.  Though not unexpected in itself, the timing of the move came as a big setback for the government, which is working feverishly to pass [/INST]  a raft of emergency economic measures to restore investor confidence and open the way for a multi-billion dollar international financial rescue package. The Argentine markets had been rallying since Friday, when the government announced the new measures and the International Monetary Fund confirmed it was putting together a package of aid. </s>"
966,"<s>[INST]  The Argentine markets had been rallying since Friday, when the government announced the new measures [/INST]  and the International Monetary Fund confirmed it was putting together a package of aid. The government's initiative has already run into problems from the opposition Peronist governors, whose support is critical for the measures to succeed. The governors have demanded greater social spending in their provinces in return for their support. </s>"
967,"<s>[INST] Though not unexpected in itself, the timing of the move came as a big setback for the government, which is working feverishly to pass a raft of emergency economic measures to restore investor confidence and open the way for a multi-billion dollar international financial rescue package.  The Argentine markets had been rallying since Friday, when the government announced the new measures [/INST]  and the International Monetary Fund confirmed it was putting together a package of aid. The government's initiative has already run into problems from the opposition Peronist governors, whose support is critical for the measures to succeed. </s>"
968,"<s>[INST]  The government's initiative has already run into problems from the opposition Peronist [/INST]  governors, whose support is critical for the measures to succeed. The governors have demanded greater social spending in their provinces in return for their support. Yesterday, the government spent a third day locked in negotiations with the governors to try to forge an agreement. </s>"
969,"<s>[INST] The Argentine markets had been rallying since Friday, when the government announced the new measures and the International Monetary Fund confirmed it was putting together a package of aid.  The government's initiative has already run into problems from the opposition Peronist [/INST]  governors, whose support is critical for the measures to succeed. The governors have demanded greater social spending in their provinces in return for their support. </s>"
970,"<s>[INST]  The governors have demanded greater social spending in [/INST]  their provinces in return for their support. Yesterday, the government spent a third day locked in negotiations with the governors to try to forge an agreement. Standard & Poors move comes only seven weeks after it surprised pessimistic markets by reaffirming its rating on Argentina. </s>"
971,"<s>[INST] The government's initiative has already run into problems from the opposition Peronist governors, whose support is critical for the measures to succeed.  The governors have demanded greater social spending in [/INST]  their provinces in return for their support. Yesterday, the government spent a third day locked in negotiations with the governors to try to forge an agreement. </s>"
972,"<s>[INST]  Yesterday, the government spent a third day locked in negotiations [/INST]  with the governors to try to forge an agreement. Standard & Poors move comes only seven weeks after it surprised pessimistic markets by reaffirming its rating on Argentina. Since then, however, the coalition government has come under strain that nearly led to its break-up, and the country has suffered a crisis of confidence in the markets that has obliged it to turn to the International Monetary Fund for help. </s>"
973,"<s>[INST] The governors have demanded greater social spending in their provinces in return for their support.  Yesterday, the government spent a third day locked in negotiations [/INST]  with the governors to try to forge an agreement. Standard & Poors move comes only seven weeks after it surprised pessimistic markets by reaffirming its rating on Argentina. </s>"
974,"<s>[INST]  Standard & Poors move comes only seven weeks after it [/INST]  surprised pessimistic markets by reaffirming its rating on Argentina. Since then, however, the coalition government has come under strain that nearly led to its break-up, and the country has suffered a crisis of confidence in the markets that has obliged it to turn to the International Monetary Fund for help. Copyright Financial Times Limited 2000. </s>"
975,"<s>[INST] Yesterday, the government spent a third day locked in negotiations with the governors to try to forge an agreement.  Standard & Poors move comes only seven weeks after it [/INST]  surprised pessimistic markets by reaffirming its rating on Argentina. Since then, however, the coalition government has come under strain that nearly led to its break-up, and the country has suffered a crisis of confidence in the markets that has obliged it to turn to the International Monetary Fund for help. </s>"
976,"<s>[INST]  Since then, however, the coalition government has come under strain that nearly led to its break-up, and the country has suffered [/INST]  a crisis of confidence in the markets that has obliged it to turn to the International Monetary Fund for help. Copyright Financial Times Limited 2000. All Rights Reserved. </s>"
977,"<s>[INST] Standard & Poors move comes only seven weeks after it surprised pessimistic markets by reaffirming its rating on Argentina.  Since then, however, the coalition government has come under strain that nearly led to its break-up, and the country has suffered [/INST]  a crisis of confidence in the markets that has obliged it to turn to the International Monetary Fund for help. Copyright Financial Times Limited 2000. </s>"
978,"<s>[INST]  accountid=28034 Abstract: In an effort to calm nervous markets, Argentina dispatched Ricardo Lopez Murphy, [/INST]  the defence minister and a respected economist, to meet investors in New York. Daniel Marx, the minister in charge of public debt, and Mario Vicens, treasury secretary, were in Washington putting the final touches on the international rescue package. * Leslie Crawford adds from Madrid: Officials said Spain would contribute to the Argentine package once Mr de la Rua's government reached agreement with the IMF. </s>"
979,"<s>[INST] proquest.com/docview/249064967?  accountid=28034 Abstract: In an effort to calm nervous markets, Argentina dispatched Ricardo Lopez Murphy, [/INST]  the defence minister and a respected economist, to meet investors in New York. Daniel Marx, the minister in charge of public debt, and Mario Vicens, treasury secretary, were in Washington putting the final touches on the international rescue package. </s>"
980,"<s>[INST]  Daniel Marx, the minister in charge of public debt, and Mario Vicens, treasury secretary, [/INST]  were in Washington putting the final touches on the international rescue package. * Leslie Crawford adds from Madrid: Officials said Spain would contribute to the Argentine package once Mr de la Rua's government reached agreement with the IMF. They said Rodrigo Rato, the economy minister, was in daily contact with Washington and Buenos Aires. </s>"
981,"<s>[INST] accountid=28034  Abstract: In an effort to calm nervous markets, Argentina dispatched Ricardo Lopez Murphy, the defence minister and a respected economist, to meet investors in New York.  Daniel Marx, the minister in charge of public debt, and Mario Vicens, treasury secretary, [/INST]  were in Washington putting the final touches on the international rescue package. * Leslie Crawford adds from Madrid: Officials said Spain would contribute to the Argentine package once Mr de la Rua's government reached agreement with the IMF. </s>"
982,"<s>[INST]  * Leslie Crawford adds from Madrid: Officials said Spain would contribute to the Argentine [/INST]  package once Mr de la Rua's government reached agreement with the IMF. They said Rodrigo Rato, the economy minister, was in daily contact with Washington and Buenos Aires. Copyright Financial Times Limited 2000. </s>"
983,"<s>[INST] Daniel Marx, the minister in charge of public debt, and Mario Vicens, treasury secretary, were in Washington putting the final touches on the international rescue package.  * Leslie Crawford adds from Madrid: Officials said Spain would contribute to the Argentine [/INST]  package once Mr de la Rua's government reached agreement with the IMF. They said Rodrigo Rato, the economy minister, was in daily contact with Washington and Buenos Aires. </s>"
984,"<s>[INST]  They said Rodrigo Rato, the economy minister, was in [/INST]  daily contact with Washington and Buenos Aires. Copyright Financial Times Limited 2000. All Rights Reserved. </s>"
985,"<s>[INST] * Leslie Crawford adds from Madrid: Officials said Spain would contribute to the Argentine package once Mr de la Rua's government reached agreement with the IMF.  They said Rodrigo Rato, the economy minister, was in [/INST]  daily contact with Washington and Buenos Aires. Copyright Financial Times Limited 2000. </s>"
986,"<s>[INST]  Full text: Argentina's government yesterday appeared to be edging closer to securing broad political support [/INST]  for its package of emergency economic measures after some concessions to opposition provincial governors. Their backing is seen as crucial if the new measures, which were well received in principle, are to restore investor confidence. An international aid package that could total more than $15bn (£10.5bn) also hangs on swift implementation. </s>"
987,"<s>[INST] All Rights Reserved.  Full text: Argentina's government yesterday appeared to be edging closer to securing broad political support [/INST]  for its package of emergency economic measures after some concessions to opposition provincial governors. Their backing is seen as crucial if the new measures, which were well received in principle, are to restore investor confidence. </s>"
988,"<s>[INST]  Their backing is seen as crucial if the new measures, which [/INST]  were well received in principle, are to restore investor confidence. An international aid package that could total more than $15bn (£10.5bn) also hangs on swift implementation. After a series of meetings over the weekend, the Peronist governors released a statement that was broadly supportive in tone: ""We have made clear our willingness to subscribe to an economic, budgetary social and political project that guarantees the governability of the country and of all the provinces to the benefit of the Argentine people"". </s>"
989,"<s>[INST] Full text: Argentina's government yesterday appeared to be edging closer to securing broad political support for its package of emergency economic measures after some concessions to opposition provincial governors.  Their backing is seen as crucial if the new measures, which [/INST]  were well received in principle, are to restore investor confidence. An international aid package that could total more than $15bn (£10.5bn) also hangs on swift implementation. </s>"
990,"<s>[INST]  An international aid package that could total more than [/INST]  $15bn (£10.5bn) also hangs on swift implementation. After a series of meetings over the weekend, the Peronist governors released a statement that was broadly supportive in tone: ""We have made clear our willingness to subscribe to an economic, budgetary social and political project that guarantees the governability of the country and of all the provinces to the benefit of the Argentine people"". The measures, which were announced Friday night by President Fernando de la Rua, include sweeping changes to the tax system, state pensions and a five-year freeze on federal and provincial spending. </s>"
991,"<s>[INST] Their backing is seen as crucial if the new measures, which were well received in principle, are to restore investor confidence.  An international aid package that could total more than [/INST]  $15bn (£10.5bn) also hangs on swift implementation. After a series of meetings over the weekend, the Peronist governors released a statement that was broadly supportive in tone: ""We have made clear our willingness to subscribe to an economic, budgetary social and political project that guarantees the governability of the country and of all the provinces to the benefit of the Argentine people"". </s>"
992,"<s>[INST]  After a series of meetings over the weekend, the Peronist governors released a statement that was broadly supportive in tone: ""We have made clear our willingness to subscribe [/INST]  to an economic, budgetary social and political project that guarantees the governability of the country and of all the provinces to the benefit of the Argentine people"". The measures, which were announced Friday night by President Fernando de la Rua, include sweeping changes to the tax system, state pensions and a five-year freeze on federal and provincial spending. It appeared that the government might have to accept a shorter spending freeze and that it may have to pass the pension reforms by presidential decree. </s>"
993,"<s>[INST] An international aid package that could total more than $15bn (£10.5bn) also hangs on swift implementation.  After a series of meetings over the weekend, the Peronist governors released a statement that was broadly supportive in tone: ""We have made clear our willingness to subscribe [/INST]  to an economic, budgetary social and political project that guarantees the governability of the country and of all the provinces to the benefit of the Argentine people"". The measures, which were announced Friday night by President Fernando de la Rua, include sweeping changes to the tax system, state pensions and a five-year freeze on federal and provincial spending. </s>"
994,"<s>[INST]  The measures, which were announced Friday night by President Fernando de la Rua, include sweeping changes [/INST]  to the tax system, state pensions and a five-year freeze on federal and provincial spending. It appeared that the government might have to accept a shorter spending freeze and that it may have to pass the pension reforms by presidential decree. Such a move could come swiftly, as a signal to the markets. </s>"
995,"<s>[INST] After a series of meetings over the weekend, the Peronist governors released a statement that was broadly supportive in tone: ""We have made clear our willingness to subscribe to an economic, budgetary social and political project that guarantees the governability of the country and of all the provinces to the benefit of the Argentine people"".  The measures, which were announced Friday night by President Fernando de la Rua, include sweeping changes [/INST]  to the tax system, state pensions and a five-year freeze on federal and provincial spending. It appeared that the government might have to accept a shorter spending freeze and that it may have to pass the pension reforms by presidential decree. </s>"
996,"<s>[INST]  It appeared that the government might have to accept a shorter spending freeze and [/INST]  that it may have to pass the pension reforms by presidential decree. Such a move could come swiftly, as a signal to the markets. Investors reacted cautiously yesterday, awaiting more details on the progress of the new measures. </s>"
997,"<s>[INST] The measures, which were announced Friday night by President Fernando de la Rua, include sweeping changes to the tax system, state pensions and a five-year freeze on federal and provincial spending.  It appeared that the government might have to accept a shorter spending freeze and [/INST]  that it may have to pass the pension reforms by presidential decree. Such a move could come swiftly, as a signal to the markets. </s>"
998,"<s>[INST]  Such a move could come swiftly, as [/INST]  a signal to the markets. Investors reacted cautiously yesterday, awaiting more details on the progress of the new measures. Argentina's FRB bond, the most widely traded of its Brady issues, gained {1/4} to 86{3/8}. </s>"
999,"<s>[INST] It appeared that the government might have to accept a shorter spending freeze and that it may have to pass the pension reforms by presidential decree.  Such a move could come swiftly, as [/INST]  a signal to the markets. Investors reacted cautiously yesterday, awaiting more details on the progress of the new measures. </s>"
1000,"<s>[INST]  Investors reacted cautiously yesterday, awaiting more details on [/INST]  the progress of the new measures. Argentina's FRB bond, the most widely traded of its Brady issues, gained {1/4} to 86{3/8}. This followed a more pronounced rally on Friday, when word of the support package began to leak. </s>"
1001,"<s>[INST] Such a move could come swiftly, as a signal to the markets.  Investors reacted cautiously yesterday, awaiting more details on [/INST]  the progress of the new measures. Argentina's FRB bond, the most widely traded of its Brady issues, gained {1/4} to 86{3/8}. </s>"
1002,"<s>[INST]  Argentina's FRB bond, the most widely traded of [/INST]  its Brady issues, gained {1/4} to 86{3/8}. This followed a more pronounced rally on Friday, when word of the support package began to leak. In an effort to calm nervous markets, Argentina dispatched Ricardo Lopez Murphy, the defence minister and a respected economist, to meet investors in New York. </s>"
1003,"<s>[INST] Investors reacted cautiously yesterday, awaiting more details on the progress of the new measures.  Argentina's FRB bond, the most widely traded of [/INST]  its Brady issues, gained {1/4} to 86{3/8}. This followed a more pronounced rally on Friday, when word of the support package began to leak. </s>"
1004,"<s>[INST]  This followed a more pronounced rally on Friday, when [/INST]  word of the support package began to leak. In an effort to calm nervous markets, Argentina dispatched Ricardo Lopez Murphy, the defence minister and a respected economist, to meet investors in New York. Daniel Marx, the minister in charge of public debt, and Mario Vicens, treasury secretary, were in Washington putting the final touches on the international rescue package. </s>"
1005,"<s>[INST] Argentina's FRB bond, the most widely traded of its Brady issues, gained {1/4} to 86{3/8}.  This followed a more pronounced rally on Friday, when [/INST]  word of the support package began to leak. In an effort to calm nervous markets, Argentina dispatched Ricardo Lopez Murphy, the defence minister and a respected economist, to meet investors in New York. </s>"
1006,"<s>[INST]  In an effort to calm nervous markets, Argentina dispatched Ricardo Lopez Murphy, the [/INST]  defence minister and a respected economist, to meet investors in New York. Daniel Marx, the minister in charge of public debt, and Mario Vicens, treasury secretary, were in Washington putting the final touches on the international rescue package. The World Bank also added its backing to Argentina's reforms and said it would contribute to the IMF-led financial rescue package. </s>"
1007,"<s>[INST] This followed a more pronounced rally on Friday, when word of the support package began to leak.  In an effort to calm nervous markets, Argentina dispatched Ricardo Lopez Murphy, the [/INST]  defence minister and a respected economist, to meet investors in New York. Daniel Marx, the minister in charge of public debt, and Mario Vicens, treasury secretary, were in Washington putting the final touches on the international rescue package. </s>"
1008,"<s>[INST]  Daniel Marx, the minister in charge of public debt, and Mario Vicens, treasury secretary, [/INST]  were in Washington putting the final touches on the international rescue package. The World Bank also added its backing to Argentina's reforms and said it would contribute to the IMF-led financial rescue package. People familiar with the negotiations expect a total of around $11bn from the IMF and some $4bn from the World Bank and Inter-American Development Bank. </s>"
1009,"<s>[INST] In an effort to calm nervous markets, Argentina dispatched Ricardo Lopez Murphy, the defence minister and a respected economist, to meet investors in New York.  Daniel Marx, the minister in charge of public debt, and Mario Vicens, treasury secretary, [/INST]  were in Washington putting the final touches on the international rescue package. The World Bank also added its backing to Argentina's reforms and said it would contribute to the IMF-led financial rescue package. </s>"
1010,"<s>[INST]  The World Bank also added its backing to Argentina's reforms and [/INST]  said it would contribute to the IMF-led financial rescue package. People familiar with the negotiations expect a total of around $11bn from the IMF and some $4bn from the World Bank and Inter-American Development Bank. Other contributions could be made by Argentine pension funds, as well as local and international banks. </s>"
1011,"<s>[INST] Daniel Marx, the minister in charge of public debt, and Mario Vicens, treasury secretary, were in Washington putting the final touches on the international rescue package.  The World Bank also added its backing to Argentina's reforms and [/INST]  said it would contribute to the IMF-led financial rescue package. People familiar with the negotiations expect a total of around $11bn from the IMF and some $4bn from the World Bank and Inter-American Development Bank. </s>"
1012,"<s>[INST]  People familiar with the negotiations expect a total of around $11bn from the [/INST]  IMF and some $4bn from the World Bank and Inter-American Development Bank. Other contributions could be made by Argentine pension funds, as well as local and international banks. Separately, the Economy Ministry said a group of four local banks had offered to buy $625m in promissory notes due 2002. </s>"
1013,"<s>[INST] The World Bank also added its backing to Argentina's reforms and said it would contribute to the IMF-led financial rescue package.  People familiar with the negotiations expect a total of around $11bn from the [/INST]  IMF and some $4bn from the World Bank and Inter-American Development Bank. Other contributions could be made by Argentine pension funds, as well as local and international banks. </s>"
1014,"<s>[INST]  Other contributions could be made by Argentine pension funds, [/INST]  as well as local and international banks. Separately, the Economy Ministry said a group of four local banks had offered to buy $625m in promissory notes due 2002. * Leslie Crawford adds from Madrid: Officials said Spain would contribute to the Argentine package once Mr de la Rua's government reached agreement with the IMF. </s>"
1015,"<s>[INST] People familiar with the negotiations expect a total of around $11bn from the IMF and some $4bn from the World Bank and Inter-American Development Bank.  Other contributions could be made by Argentine pension funds, [/INST]  as well as local and international banks. Separately, the Economy Ministry said a group of four local banks had offered to buy $625m in promissory notes due 2002. </s>"
1016,"<s>[INST]  Separately, the Economy Ministry said a group of four local banks [/INST]  had offered to buy $625m in promissory notes due 2002. * Leslie Crawford adds from Madrid: Officials said Spain would contribute to the Argentine package once Mr de la Rua's government reached agreement with the IMF. They said Rodrigo Rato, the economy minister, was in daily contact with Washington and Buenos Aires. </s>"
1017,"<s>[INST] Other contributions could be made by Argentine pension funds, as well as local and international banks.  Separately, the Economy Ministry said a group of four local banks [/INST]  had offered to buy $625m in promissory notes due 2002. * Leslie Crawford adds from Madrid: Officials said Spain would contribute to the Argentine package once Mr de la Rua's government reached agreement with the IMF. </s>"
1018,"<s>[INST]  * Leslie Crawford adds from Madrid: Officials said Spain would contribute to the Argentine [/INST]  package once Mr de la Rua's government reached agreement with the IMF. They said Rodrigo Rato, the economy minister, was in daily contact with Washington and Buenos Aires. Copyright Financial Times Limited 2000. </s>"
1019,"<s>[INST] Separately, the Economy Ministry said a group of four local banks had offered to buy $625m in promissory notes due 2002.  * Leslie Crawford adds from Madrid: Officials said Spain would contribute to the Argentine [/INST]  package once Mr de la Rua's government reached agreement with the IMF. They said Rodrigo Rato, the economy minister, was in daily contact with Washington and Buenos Aires. </s>"
1020,"<s>[INST]  They said Rodrigo Rato, the economy minister, was in [/INST]  daily contact with Washington and Buenos Aires. Copyright Financial Times Limited 2000. All Rights Reserved. </s>"
1021,"<s>[INST] * Leslie Crawford adds from Madrid: Officials said Spain would contribute to the Argentine package once Mr de la Rua's government reached agreement with the IMF.  They said Rodrigo Rato, the economy minister, was in [/INST]  daily contact with Washington and Buenos Aires. Copyright Financial Times Limited 2000. </s>"
1022,"<s>[INST]  accountid=28034 Abstract: Having secured promises of international support, Argentina's President Fernando de la Rua spent the weekend locked in [/INST]  meetings with opposition legislators and provincial governors to secure their backing for a package of emergency measures. Argentina currently has a $7.2bn standby loan facility with the IMF, of which it has immediate access to $2bn. Mr Kohler said that after negotiations, which could be completed quickly, the fund would be willing to let Argentina draw on its credit line, which the government had been treating as precautionary. </s>"
1023,"<s>[INST] proquest.com/docview/249070241?  accountid=28034 Abstract: Having secured promises of international support, Argentina's President Fernando de la Rua spent the weekend locked in [/INST]  meetings with opposition legislators and provincial governors to secure their backing for a package of emergency measures. Argentina currently has a $7.2bn standby loan facility with the IMF, of which it has immediate access to $2bn. </s>"
1024,"<s>[INST]  Argentina currently has a $7.2bn standby loan facility with the [/INST]  IMF, of which it has immediate access to $2bn. Mr Kohler said that after negotiations, which could be completed quickly, the fund would be willing to let Argentina draw on its credit line, which the government had been treating as precautionary. Argentine officials said they had also worked to gain a commitment from a group of local banks acting as ""market makers"" for the government's debt issues to support their financing programme next year. </s>"
1025,"<s>[INST] accountid=28034  Abstract: Having secured promises of international support, Argentina's President Fernando de la Rua spent the weekend locked in meetings with opposition legislators and provincial governors to secure their backing for a package of emergency measures.  Argentina currently has a $7.2bn standby loan facility with the [/INST]  IMF, of which it has immediate access to $2bn. Mr Kohler said that after negotiations, which could be completed quickly, the fund would be willing to let Argentina draw on its credit line, which the government had been treating as precautionary. </s>"
1026,"<s>[INST]  Mr Kohler said that after negotiations, which could be completed quickly, the fund would be willing to [/INST]  let Argentina draw on its credit line, which the government had been treating as precautionary. Argentine officials said they had also worked to gain a commitment from a group of local banks acting as ""market makers"" for the government's debt issues to support their financing programme next year. Argentine pension funds might also play a role in the rescue. </s>"
1027,"<s>[INST] Argentina currently has a $7.2bn standby loan facility with the IMF, of which it has immediate access to $2bn.  Mr Kohler said that after negotiations, which could be completed quickly, the fund would be willing to [/INST]  let Argentina draw on its credit line, which the government had been treating as precautionary. Argentine officials said they had also worked to gain a commitment from a group of local banks acting as ""market makers"" for the government's debt issues to support their financing programme next year. </s>"
1028,"<s>[INST]  Argentine officials said they had also worked to gain a commitment from a group of local banks [/INST]  acting as ""market makers"" for the government's debt issues to support their financing programme next year. Argentine pension funds might also play a role in the rescue. Full text: Having secured promises of international support, Argentina's President Fernando de la Rua spent the weekend locked in meetings with opposition legislators and provincial governors to secure their backing for a package of emergency measures. </s>"
1029,"<s>[INST] Mr Kohler said that after negotiations, which could be completed quickly, the fund would be willing to let Argentina draw on its credit line, which the government had been treating as precautionary.  Argentine officials said they had also worked to gain a commitment from a group of local banks [/INST]  acting as ""market makers"" for the government's debt issues to support their financing programme next year. Argentine pension funds might also play a role in the rescue. </s>"
1030,"<s>[INST]  Argentine pension funds might also play [/INST]  a role in the rescue. Full text: Having secured promises of international support, Argentina's President Fernando de la Rua spent the weekend locked in meetings with opposition legislators and provincial governors to secure their backing for a package of emergency measures. The measures, announced late on Friday, are aimed at restoring investor confidence in the country and will pave the way for an international rescue package that could total more than $15bn (£10.5bn). </s>"
1031,"<s>[INST] Argentine officials said they had also worked to gain a commitment from a group of local banks acting as ""market makers"" for the government's debt issues to support their financing programme next year.  Argentine pension funds might also play [/INST]  a role in the rescue. Full text: Having secured promises of international support, Argentina's President Fernando de la Rua spent the weekend locked in meetings with opposition legislators and provincial governors to secure their backing for a package of emergency measures. </s>"
1032,"<s>[INST]  Full text: Having secured promises of international support, Argentina's President Fernando de la Rua spent the weekend locked in [/INST]  meetings with opposition legislators and provincial governors to secure their backing for a package of emergency measures. The measures, announced late on Friday, are aimed at restoring investor confidence in the country and will pave the way for an international rescue package that could total more than $15bn (£10.5bn). The International Monetary Fund expressed its backing for Mr De la Rua's measures and confirmed that an international rescue deal was in the works. </s>"
1033,"<s>[INST] Argentine pension funds might also play a role in the rescue.  Full text: Having secured promises of international support, Argentina's President Fernando de la Rua spent the weekend locked in [/INST]  meetings with opposition legislators and provincial governors to secure their backing for a package of emergency measures. The measures, announced late on Friday, are aimed at restoring investor confidence in the country and will pave the way for an international rescue package that could total more than $15bn (£10.5bn). </s>"
1034,"<s>[INST]  The measures, announced late on Friday, are aimed at restoring investor confidence in the country and will [/INST]  pave the way for an international rescue package that could total more than $15bn (£10.5bn). The International Monetary Fund expressed its backing for Mr De la Rua's measures and confirmed that an international rescue deal was in the works. Horst Kohler, IMF managing director, said that the steps should ""give new momentum to a growth-oriented policy"", and stressed the importance of swift passage. </s>"
1035,"<s>[INST] Full text: Having secured promises of international support, Argentina's President Fernando de la Rua spent the weekend locked in meetings with opposition legislators and provincial governors to secure their backing for a package of emergency measures.  The measures, announced late on Friday, are aimed at restoring investor confidence in the country and will [/INST]  pave the way for an international rescue package that could total more than $15bn (£10.5bn). The International Monetary Fund expressed its backing for Mr De la Rua's measures and confirmed that an international rescue deal was in the works. </s>"
1036,"<s>[INST]  The International Monetary Fund expressed its backing for Mr De la Rua's measures [/INST]  and confirmed that an international rescue deal was in the works. Horst Kohler, IMF managing director, said that the steps should ""give new momentum to a growth-oriented policy"", and stressed the importance of swift passage. ""Rapid implementation of these steps, in particular agreement on a fiscal pact between the federal government and the provinces, would help assure the sustainability of Argentina's fiscal position,"" he said. </s>"
1037,"<s>[INST] The measures, announced late on Friday, are aimed at restoring investor confidence in the country and will pave the way for an international rescue package that could total more than $15bn (£10.5bn).  The International Monetary Fund expressed its backing for Mr De la Rua's measures [/INST]  and confirmed that an international rescue deal was in the works. Horst Kohler, IMF managing director, said that the steps should ""give new momentum to a growth-oriented policy"", and stressed the importance of swift passage. </s>"
1038,"<s>[INST]  Horst Kohler, IMF managing director, said that the steps should ""give new momentum [/INST]  to a growth-oriented policy"", and stressed the importance of swift passage. ""Rapid implementation of these steps, in particular agreement on a fiscal pact between the federal government and the provinces, would help assure the sustainability of Argentina's fiscal position,"" he said. The Argentine government said it also received statements of support from several foreign leaders, including US President Bill Clinton. </s>"
1039,"<s>[INST] The International Monetary Fund expressed its backing for Mr De la Rua's measures and confirmed that an international rescue deal was in the works.  Horst Kohler, IMF managing director, said that the steps should ""give new momentum [/INST]  to a growth-oriented policy"", and stressed the importance of swift passage. ""Rapid implementation of these steps, in particular agreement on a fiscal pact between the federal government and the provinces, would help assure the sustainability of Argentina's fiscal position,"" he said. </s>"
1040,"<s>[INST]  ""Rapid implementation of these steps, in particular agreement on a fiscal pact between the federal government [/INST]  and the provinces, would help assure the sustainability of Argentina's fiscal position,"" he said. The Argentine government said it also received statements of support from several foreign leaders, including US President Bill Clinton. Argentina currently has a $7.2bn standby loan facility with the IMF, of which it has immediate access to $2bn. </s>"
1041,"<s>[INST] Horst Kohler, IMF managing director, said that the steps should ""give new momentum to a growth-oriented policy"", and stressed the importance of swift passage.  ""Rapid implementation of these steps, in particular agreement on a fiscal pact between the federal government [/INST]  and the provinces, would help assure the sustainability of Argentina's fiscal position,"" he said. The Argentine government said it also received statements of support from several foreign leaders, including US President Bill Clinton. </s>"
1042,"<s>[INST]  The Argentine government said it also received statements of support [/INST]  from several foreign leaders, including US President Bill Clinton. Argentina currently has a $7.2bn standby loan facility with the IMF, of which it has immediate access to $2bn. Mr Kohler said that after negotiations, which could be completed quickly, the fund would be willing to let Argentina draw on its credit line, which the government had been treating as precautionary. </s>"
1043,"<s>[INST] ""Rapid implementation of these steps, in particular agreement on a fiscal pact between the federal government and the provinces, would help assure the sustainability of Argentina's fiscal position,"" he said.  The Argentine government said it also received statements of support [/INST]  from several foreign leaders, including US President Bill Clinton. Argentina currently has a $7.2bn standby loan facility with the IMF, of which it has immediate access to $2bn. </s>"
1044,"<s>[INST]  Argentina currently has a $7.2bn standby loan facility with the [/INST]  IMF, of which it has immediate access to $2bn. Mr Kohler said that after negotiations, which could be completed quickly, the fund would be willing to let Argentina draw on its credit line, which the government had been treating as precautionary. Thereafter, additional finance would probably be made available under a so-called supplemental reserve facility. </s>"
1045,"<s>[INST] The Argentine government said it also received statements of support from several foreign leaders, including US President Bill Clinton.  Argentina currently has a $7.2bn standby loan facility with the [/INST]  IMF, of which it has immediate access to $2bn. Mr Kohler said that after negotiations, which could be completed quickly, the fund would be willing to let Argentina draw on its credit line, which the government had been treating as precautionary. </s>"
1046,"<s>[INST]  Mr Kohler said that after negotiations, which could be completed quickly, the fund would be willing to [/INST]  let Argentina draw on its credit line, which the government had been treating as precautionary. Thereafter, additional finance would probably be made available under a so-called supplemental reserve facility. The World Bank and Inter-American Development Bank would also be contributing funds of their own. </s>"
1047,"<s>[INST] Argentina currently has a $7.2bn standby loan facility with the IMF, of which it has immediate access to $2bn.  Mr Kohler said that after negotiations, which could be completed quickly, the fund would be willing to [/INST]  let Argentina draw on its credit line, which the government had been treating as precautionary. Thereafter, additional finance would probably be made available under a so-called supplemental reserve facility. </s>"
1048,"<s>[INST]  Thereafter, additional finance would probably be made available [/INST]  under a so-called supplemental reserve facility. The World Bank and Inter-American Development Bank would also be contributing funds of their own. Argentine officials said they had also worked to gain a commitment from a group of local banks acting as ""market makers"" for the government's debt issues to support their financing programme next year. </s>"
1049,"<s>[INST] Mr Kohler said that after negotiations, which could be completed quickly, the fund would be willing to let Argentina draw on its credit line, which the government had been treating as precautionary.  Thereafter, additional finance would probably be made available [/INST]  under a so-called supplemental reserve facility. The World Bank and Inter-American Development Bank would also be contributing funds of their own. </s>"
1050,"<s>[INST]  The World Bank and Inter-American Development Bank would [/INST]  also be contributing funds of their own. Argentine officials said they had also worked to gain a commitment from a group of local banks acting as ""market makers"" for the government's debt issues to support their financing programme next year. Argentine pension funds might also play a role in the rescue. </s>"
1051,"<s>[INST] Thereafter, additional finance would probably be made available under a so-called supplemental reserve facility.  The World Bank and Inter-American Development Bank would [/INST]  also be contributing funds of their own. Argentine officials said they had also worked to gain a commitment from a group of local banks acting as ""market makers"" for the government's debt issues to support their financing programme next year. </s>"
1052,"<s>[INST]  Argentine officials said they had also worked to gain a commitment from a group of local banks [/INST]  acting as ""market makers"" for the government's debt issues to support their financing programme next year. Argentine pension funds might also play a role in the rescue. A senior fund official said the package would assume a private sector contribution to Argentina's financing needs in the coming year. </s>"
1053,"<s>[INST] The World Bank and Inter-American Development Bank would also be contributing funds of their own.  Argentine officials said they had also worked to gain a commitment from a group of local banks [/INST]  acting as ""market makers"" for the government's debt issues to support their financing programme next year. Argentine pension funds might also play a role in the rescue. </s>"
1054,"<s>[INST]  Argentine pension funds might also play [/INST]  a role in the rescue. A senior fund official said the package would assume a private sector contribution to Argentina's financing needs in the coming year. Argentina was ""working to strengthen their access to the market, but in a voluntary way"", the official said. </s>"
1055,"<s>[INST] Argentine officials said they had also worked to gain a commitment from a group of local banks acting as ""market makers"" for the government's debt issues to support their financing programme next year.  Argentine pension funds might also play [/INST]  a role in the rescue. A senior fund official said the package would assume a private sector contribution to Argentina's financing needs in the coming year. </s>"
1056,"<s>[INST]  A senior fund official said the package would assume a private [/INST]  sector contribution to Argentina's financing needs in the coming year. Argentina was ""working to strengthen their access to the market, but in a voluntary way"", the official said. A final contribution to the rescue package could also be made by Spain, whose banks have built up billions of dollars in exposure to the South American economy. </s>"
1057,"<s>[INST] Argentine pension funds might also play a role in the rescue.  A senior fund official said the package would assume a private [/INST]  sector contribution to Argentina's financing needs in the coming year. Argentina was ""working to strengthen their access to the market, but in a voluntary way"", the official said. </s>"
1058,"<s>[INST]  Argentina was ""working to strengthen their access to the market, [/INST]  but in a voluntary way"", the official said. A final contribution to the rescue package could also be made by Spain, whose banks have built up billions of dollars in exposure to the South American economy. The US Treasury will not be contributing directly, although it is playing a central role in co-ordinating the rescue. </s>"
1059,"<s>[INST] A senior fund official said the package would assume a private sector contribution to Argentina's financing needs in the coming year.  Argentina was ""working to strengthen their access to the market, [/INST]  but in a voluntary way"", the official said. A final contribution to the rescue package could also be made by Spain, whose banks have built up billions of dollars in exposure to the South American economy. </s>"
1060,"<s>[INST]  A final contribution to the rescue package could also be made by Spain, whose banks [/INST]  have built up billions of dollars in exposure to the South American economy. The US Treasury will not be contributing directly, although it is playing a central role in co-ordinating the rescue. Announcement of the details of the new package could take several more days or even weeks, people familiar with the negotiations said, despite being close to agreement. </s>"
1061,"<s>[INST] Argentina was ""working to strengthen their access to the market, but in a voluntary way"", the official said.  A final contribution to the rescue package could also be made by Spain, whose banks [/INST]  have built up billions of dollars in exposure to the South American economy. The US Treasury will not be contributing directly, although it is playing a central role in co-ordinating the rescue. </s>"
1062,"<s>[INST]  The US Treasury will not be contributing directly, although it [/INST]  is playing a central role in co-ordinating the rescue. Announcement of the details of the new package could take several more days or even weeks, people familiar with the negotiations said, despite being close to agreement. Argentine officials said they expected to draw on some but not all of the new funds. </s>"
1063,"<s>[INST] A final contribution to the rescue package could also be made by Spain, whose banks have built up billions of dollars in exposure to the South American economy.  The US Treasury will not be contributing directly, although it [/INST]  is playing a central role in co-ordinating the rescue. Announcement of the details of the new package could take several more days or even weeks, people familiar with the negotiations said, despite being close to agreement. </s>"
1064,"<s>[INST]  Announcement of the details of the new package could take several more days or [/INST]  even weeks, people familiar with the negotiations said, despite being close to agreement. Argentine officials said they expected to draw on some but not all of the new funds. International investors dumped Argentine bonds in recent weeks, fearful the country could face problems raising the nearly $20bn it needs in financing next year. </s>"
1065,"<s>[INST] The US Treasury will not be contributing directly, although it is playing a central role in co-ordinating the rescue.  Announcement of the details of the new package could take several more days or [/INST]  even weeks, people familiar with the negotiations said, despite being close to agreement. Argentine officials said they expected to draw on some but not all of the new funds. </s>"
1066,"<s>[INST]  Argentine officials said they expected to draw on some [/INST]  but not all of the new funds. International investors dumped Argentine bonds in recent weeks, fearful the country could face problems raising the nearly $20bn it needs in financing next year. They also became nervous over the country's tumultuous political scene after Vice-President Carlos Alvarez resigned on October 6, nearly fracturing the coalition government. </s>"
1067,"<s>[INST] Announcement of the details of the new package could take several more days or even weeks, people familiar with the negotiations said, despite being close to agreement.  Argentine officials said they expected to draw on some [/INST]  but not all of the new funds. International investors dumped Argentine bonds in recent weeks, fearful the country could face problems raising the nearly $20bn it needs in financing next year. </s>"
1068,"<s>[INST]  International investors dumped Argentine bonds in recent weeks, fearful the country could face [/INST]  problems raising the nearly $20bn it needs in financing next year. They also became nervous over the country's tumultuous political scene after Vice-President Carlos Alvarez resigned on October 6, nearly fracturing the coalition government. Investors are keeping a close watch on the progress of the new measures, which include abolishing the state pension system, privatising tax collection and freezing federal and provincial spending for the next five years. </s>"
1069,"<s>[INST] Argentine officials said they expected to draw on some but not all of the new funds.  International investors dumped Argentine bonds in recent weeks, fearful the country could face [/INST]  problems raising the nearly $20bn it needs in financing next year. They also became nervous over the country's tumultuous political scene after Vice-President Carlos Alvarez resigned on October 6, nearly fracturing the coalition government. </s>"
1070,"<s>[INST]  They also became nervous over the country's tumultuous political scene after Vice-President [/INST]  Carlos Alvarez resigned on October 6, nearly fracturing the coalition government. Investors are keeping a close watch on the progress of the new measures, which include abolishing the state pension system, privatising tax collection and freezing federal and provincial spending for the next five years. The measures require the support of opposition legislators in Congress, where the government does not hold an overall majority. </s>"
1071,"<s>[INST] International investors dumped Argentine bonds in recent weeks, fearful the country could face problems raising the nearly $20bn it needs in financing next year.  They also became nervous over the country's tumultuous political scene after Vice-President [/INST]  Carlos Alvarez resigned on October 6, nearly fracturing the coalition government. Investors are keeping a close watch on the progress of the new measures, which include abolishing the state pension system, privatising tax collection and freezing federal and provincial spending for the next five years. </s>"
1072,"<s>[INST]  Investors are keeping a close watch on the progress of the new measures, which include abolishing the state [/INST]  pension system, privatising tax collection and freezing federal and provincial spending for the next five years. The measures require the support of opposition legislators in Congress, where the government does not hold an overall majority. Over the weekend, the president called on political leaders to support the new measures. </s>"
1073,"<s>[INST] They also became nervous over the country's tumultuous political scene after Vice-President Carlos Alvarez resigned on October 6, nearly fracturing the coalition government.  Investors are keeping a close watch on the progress of the new measures, which include abolishing the state [/INST]  pension system, privatising tax collection and freezing federal and provincial spending for the next five years. The measures require the support of opposition legislators in Congress, where the government does not hold an overall majority. </s>"
1074,"<s>[INST]  The measures require the support of opposition legislators in Congress, [/INST]  where the government does not hold an overall majority. Over the weekend, the president called on political leaders to support the new measures. ""Today, the way to fight for Argentina is to support this programme to get out of the economic crisis,"" he said. </s>"
1075,"<s>[INST] Investors are keeping a close watch on the progress of the new measures, which include abolishing the state pension system, privatising tax collection and freezing federal and provincial spending for the next five years.  The measures require the support of opposition legislators in Congress, [/INST]  where the government does not hold an overall majority. Over the weekend, the president called on political leaders to support the new measures. </s>"
1076,"<s>[INST]  Over the weekend, the president called on political [/INST]  leaders to support the new measures. ""Today, the way to fight for Argentina is to support this programme to get out of the economic crisis,"" he said. Mr De la Rua said he had already received the support of government legislators and several smaller parties. </s>"
1077,"<s>[INST] The measures require the support of opposition legislators in Congress, where the government does not hold an overall majority.  Over the weekend, the president called on political [/INST]  leaders to support the new measures. ""Today, the way to fight for Argentina is to support this programme to get out of the economic crisis,"" he said. </s>"
1078,"<s>[INST]  ""Today, the way to fight for Argentina is to support this [/INST]  programme to get out of the economic crisis,"" he said. Mr De la Rua said he had already received the support of government legislators and several smaller parties. More difficult to secure will be the backing of the opposition Peronist legislators and provincial governors, who have mounted a strong campaign of opposition to the government and key proposals in next year's budget. </s>"
1079,"<s>[INST] Over the weekend, the president called on political leaders to support the new measures.  ""Today, the way to fight for Argentina is to support this [/INST]  programme to get out of the economic crisis,"" he said. Mr De la Rua said he had already received the support of government legislators and several smaller parties. </s>"
1080,"<s>[INST]  Mr De la Rua said he had already received the [/INST]  support of government legislators and several smaller parties. More difficult to secure will be the backing of the opposition Peronist legislators and provincial governors, who have mounted a strong campaign of opposition to the government and key proposals in next year's budget. Government officials made it clear they could pass many of the measures by presidential decree if need be. </s>"
1081,"<s>[INST] ""Today, the way to fight for Argentina is to support this programme to get out of the economic crisis,"" he said.  Mr De la Rua said he had already received the [/INST]  support of government legislators and several smaller parties. More difficult to secure will be the backing of the opposition Peronist legislators and provincial governors, who have mounted a strong campaign of opposition to the government and key proposals in next year's budget. </s>"
1082,"<s>[INST]  More difficult to secure will be the backing of the opposition Peronist legislators and provincial governors, who have [/INST]  mounted a strong campaign of opposition to the government and key proposals in next year's budget. Government officials made it clear they could pass many of the measures by presidential decree if need be. However, ""the fund wants to make sure there's broad agreement on the measures,"" a senior Argentine official said. </s>"
1083,"<s>[INST] Mr De la Rua said he had already received the support of government legislators and several smaller parties.  More difficult to secure will be the backing of the opposition Peronist legislators and provincial governors, who have [/INST]  mounted a strong campaign of opposition to the government and key proposals in next year's budget. Government officials made it clear they could pass many of the measures by presidential decree if need be. </s>"
1084,"<s>[INST]  Government officials made it clear they could pass many of [/INST]  the measures by presidential decree if need be. However, ""the fund wants to make sure there's broad agreement on the measures,"" a senior Argentine official said. One of the president's fiercest critics adopted a more conciliatory tone over the weekend, raising hopes that the economic emergency would force political leaders to rally around the president. </s>"
1085,"<s>[INST] More difficult to secure will be the backing of the opposition Peronist legislators and provincial governors, who have mounted a strong campaign of opposition to the government and key proposals in next year's budget.  Government officials made it clear they could pass many of [/INST]  the measures by presidential decree if need be. However, ""the fund wants to make sure there's broad agreement on the measures,"" a senior Argentine official said. </s>"
1086,"<s>[INST]  However, ""the fund wants to make sure there's broad agreement [/INST]  on the measures,"" a senior Argentine official said. One of the president's fiercest critics adopted a more conciliatory tone over the weekend, raising hopes that the economic emergency would force political leaders to rally around the president. Carlos Ruckauf, Peronist governor of Buenos Aires province, said that Peronist leaders would not block the latest measures. </s>"
1087,"<s>[INST] Government officials made it clear they could pass many of the measures by presidential decree if need be.  However, ""the fund wants to make sure there's broad agreement [/INST]  on the measures,"" a senior Argentine official said. One of the president's fiercest critics adopted a more conciliatory tone over the weekend, raising hopes that the economic emergency would force political leaders to rally around the president. </s>"
1088,"<s>[INST]  One of the president's fiercest critics adopted a more conciliatory tone over the weekend, raising [/INST]  hopes that the economic emergency would force political leaders to rally around the president. Carlos Ruckauf, Peronist governor of Buenos Aires province, said that Peronist leaders would not block the latest measures. ""The president is on the precipice and we are not going to push him,"" he said in an interview with the local media. </s>"
1089,"<s>[INST] However, ""the fund wants to make sure there's broad agreement on the measures,"" a senior Argentine official said.  One of the president's fiercest critics adopted a more conciliatory tone over the weekend, raising [/INST]  hopes that the economic emergency would force political leaders to rally around the president. Carlos Ruckauf, Peronist governor of Buenos Aires province, said that Peronist leaders would not block the latest measures. </s>"
1090,"<s>[INST]  Carlos Ruckauf, Peronist governor of Buenos Aires province, said that [/INST]  Peronist leaders would not block the latest measures. ""The president is on the precipice and we are not going to push him,"" he said in an interview with the local media. Copyright Financial Times Limited 2000. </s>"
1091,"<s>[INST] One of the president's fiercest critics adopted a more conciliatory tone over the weekend, raising hopes that the economic emergency would force political leaders to rally around the president.  Carlos Ruckauf, Peronist governor of Buenos Aires province, said that [/INST]  Peronist leaders would not block the latest measures. ""The president is on the precipice and we are not going to push him,"" he said in an interview with the local media. </s>"
1092,"<s>[INST]  ""The president is on the precipice and we are not going to [/INST]  push him,"" he said in an interview with the local media. Copyright Financial Times Limited 2000. All Rights Reserved. </s>"
1093,"<s>[INST] Carlos Ruckauf, Peronist governor of Buenos Aires province, said that Peronist leaders would not block the latest measures.  ""The president is on the precipice and we are not going to [/INST]  push him,"" he said in an interview with the local media. Copyright Financial Times Limited 2000. </s>"
1094,"<s>[INST]  accountid=28034 Abstract: Some Brazilian economists think the impact [/INST]  on the real economy will be limited. ""Unless things get out of control in Argentina, which we do not expect to happen, then the outlook for Brazil should not be significantly altered,"" said Constantin Jancso at MCM Consultores in Sao Paulo. Raul Alfonsin, the former Argentine president, whose comments on the foreign debt helped unnerve international investors, yesterday gave his full backing to the economy minister, Jose Luis Machinea. </s>"
1095,"<s>[INST] proquest.com/docview/248955584?  accountid=28034 Abstract: Some Brazilian economists think the impact [/INST]  on the real economy will be limited. ""Unless things get out of control in Argentina, which we do not expect to happen, then the outlook for Brazil should not be significantly altered,"" said Constantin Jancso at MCM Consultores in Sao Paulo. </s>"
1096,"<s>[INST]  ""Unless things get out of control in Argentina, which we do not expect to happen, then the outlook [/INST]  for Brazil should not be significantly altered,"" said Constantin Jancso at MCM Consultores in Sao Paulo. Raul Alfonsin, the former Argentine president, whose comments on the foreign debt helped unnerve international investors, yesterday gave his full backing to the economy minister, Jose Luis Machinea. Argentina's troubles, Page 26 Capital markets, Page 42 Copyright Financial Times Limited 2000. </s>"
1097,"<s>[INST] accountid=28034  Abstract: Some Brazilian economists think the impact on the real economy will be limited.  ""Unless things get out of control in Argentina, which we do not expect to happen, then the outlook [/INST]  for Brazil should not be significantly altered,"" said Constantin Jancso at MCM Consultores in Sao Paulo. Raul Alfonsin, the former Argentine president, whose comments on the foreign debt helped unnerve international investors, yesterday gave his full backing to the economy minister, Jose Luis Machinea. </s>"
1098,"<s>[INST]  Raul Alfonsin, the former Argentine president, whose comments on the foreign debt helped unnerve international [/INST]  investors, yesterday gave his full backing to the economy minister, Jose Luis Machinea. Argentina's troubles, Page 26 Capital markets, Page 42 Copyright Financial Times Limited 2000. All Rights Reserved. </s>"
1099,"<s>[INST] ""Unless things get out of control in Argentina, which we do not expect to happen, then the outlook for Brazil should not be significantly altered,"" said Constantin Jancso at MCM Consultores in Sao Paulo.  Raul Alfonsin, the former Argentine president, whose comments on the foreign debt helped unnerve international [/INST]  investors, yesterday gave his full backing to the economy minister, Jose Luis Machinea. Argentina's troubles, Page 26 Capital markets, Page 42 Copyright Financial Times Limited 2000. </s>"
1100,"<s>[INST]  Argentina's troubles, Page 26 Capital markets, Page [/INST]  42 Copyright Financial Times Limited 2000. All Rights Reserved. Full text: The Brazilian economy is beginning to feel the impact of fears of a financial crisis in neighbouring Argentina. </s>"
1101,"<s>[INST] Raul Alfonsin, the former Argentine president, whose comments on the foreign debt helped unnerve international investors, yesterday gave his full backing to the economy minister, Jose Luis Machinea.  Argentina's troubles, Page 26 Capital markets, Page [/INST]  42 Copyright Financial Times Limited 2000. All Rights Reserved. </s>"
1102,"<s>[INST]  Full text: The Brazilian economy is beginning to feel the impact [/INST]  of fears of a financial crisis in neighbouring Argentina. Some economists have begun to downgrade their growth forecasts for 2001 because they think the recent depreciation in the currency, provoked by nervousness in Argentina, would limit the room for interest cuts in Brazil. Odair Abate, chief economist at Lloyds Bank in Sao Paulo, said he was revising his initial forecast of 4.5 per cent growth next year, which would probably fall to below 4 per cent. </s>"
1103,"<s>[INST] All Rights Reserved.  Full text: The Brazilian economy is beginning to feel the impact [/INST]  of fears of a financial crisis in neighbouring Argentina. Some economists have begun to downgrade their growth forecasts for 2001 because they think the recent depreciation in the currency, provoked by nervousness in Argentina, would limit the room for interest cuts in Brazil. </s>"
1104,"<s>[INST]  Some economists have begun to downgrade their growth forecasts for 2001 because they think the recent depreciation in [/INST]  the currency, provoked by nervousness in Argentina, would limit the room for interest cuts in Brazil. Odair Abate, chief economist at Lloyds Bank in Sao Paulo, said he was revising his initial forecast of 4.5 per cent growth next year, which would probably fall to below 4 per cent. ""The economic fundamentals in Brazil are much better than they were but the currency is coming under pressure because of Argentina, which means that interest rates will probably have to stay unchanged for several months,"" he said. </s>"
1105,"<s>[INST] Full text: The Brazilian economy is beginning to feel the impact of fears of a financial crisis in neighbouring Argentina.  Some economists have begun to downgrade their growth forecasts for 2001 because they think the recent depreciation in [/INST]  the currency, provoked by nervousness in Argentina, would limit the room for interest cuts in Brazil. Odair Abate, chief economist at Lloyds Bank in Sao Paulo, said he was revising his initial forecast of 4.5 per cent growth next year, which would probably fall to below 4 per cent. </s>"
1106,"<s>[INST]  Odair Abate, chief economist at Lloyds Bank in Sao Paulo, said he was revising his initial forecast [/INST]  of 4.5 per cent growth next year, which would probably fall to below 4 per cent. ""The economic fundamentals in Brazil are much better than they were but the currency is coming under pressure because of Argentina, which means that interest rates will probably have to stay unchanged for several months,"" he said. On Wednesday, Arminio Fraga, president of the central bank, said that growth next year, which he had forecast to reach 5 per cent, would be closer to 4.5 per cent because of higher oil prices and volatility in financial markets. </s>"
1107,"<s>[INST] Some economists have begun to downgrade their growth forecasts for 2001 because they think the recent depreciation in the currency, provoked by nervousness in Argentina, would limit the room for interest cuts in Brazil.  Odair Abate, chief economist at Lloyds Bank in Sao Paulo, said he was revising his initial forecast [/INST]  of 4.5 per cent growth next year, which would probably fall to below 4 per cent. ""The economic fundamentals in Brazil are much better than they were but the currency is coming under pressure because of Argentina, which means that interest rates will probably have to stay unchanged for several months,"" he said. </s>"
1108,"<s>[INST]  ""The economic fundamentals in Brazil are much better than they were but the currency is coming under pressure because [/INST]  of Argentina, which means that interest rates will probably have to stay unchanged for several months,"" he said. On Wednesday, Arminio Fraga, president of the central bank, said that growth next year, which he had forecast to reach 5 per cent, would be closer to 4.5 per cent because of higher oil prices and volatility in financial markets. ""The external environment is still worrying,"" he told a congressional committee. </s>"
1109,"<s>[INST] Odair Abate, chief economist at Lloyds Bank in Sao Paulo, said he was revising his initial forecast of 4.5 per cent growth next year, which would probably fall to below 4 per cent.  ""The economic fundamentals in Brazil are much better than they were but the currency is coming under pressure because [/INST]  of Argentina, which means that interest rates will probably have to stay unchanged for several months,"" he said. On Wednesday, Arminio Fraga, president of the central bank, said that growth next year, which he had forecast to reach 5 per cent, would be closer to 4.5 per cent because of higher oil prices and volatility in financial markets. </s>"
1110,"<s>[INST]  On Wednesday, Arminio Fraga, president of the central bank, said that growth next year, which he had forecast to reach 5 [/INST]  per cent, would be closer to 4.5 per cent because of higher oil prices and volatility in financial markets. ""The external environment is still worrying,"" he told a congressional committee. Brazilian markets have taken a battering as concerns have grown about Argentina's ability to service its debt. </s>"
1111,"<s>[INST] ""The economic fundamentals in Brazil are much better than they were but the currency is coming under pressure because of Argentina, which means that interest rates will probably have to stay unchanged for several months,"" he said.  On Wednesday, Arminio Fraga, president of the central bank, said that growth next year, which he had forecast to reach 5 [/INST]  per cent, would be closer to 4.5 per cent because of higher oil prices and volatility in financial markets. ""The external environment is still worrying,"" he told a congressional committee. </s>"
1112,"<s>[INST]  ""The external environment is still worrying,"" [/INST]  he told a congressional committee. Brazilian markets have taken a battering as concerns have grown about Argentina's ability to service its debt. The real fell to R$1.982 at one stage yesterday - its lowest level for over a year - before recovering slightly to R$1.972, taking the total depreciation in the last month to 6 per cent. </s>"
1113,"<s>[INST] On Wednesday, Arminio Fraga, president of the central bank, said that growth next year, which he had forecast to reach 5 per cent, would be closer to 4.5 per cent because of higher oil prices and volatility in financial markets.  ""The external environment is still worrying,"" [/INST]  he told a congressional committee. Brazilian markets have taken a battering as concerns have grown about Argentina's ability to service its debt. </s>"
1114,"<s>[INST]  Brazilian markets have taken a battering as concerns have [/INST]  grown about Argentina's ability to service its debt. The real fell to R$1.982 at one stage yesterday - its lowest level for over a year - before recovering slightly to R$1.972, taking the total depreciation in the last month to 6 per cent. Prices of the Brazilian C-Bond, its most liquid international debt instrument, have also fallen 6 per cent in the last four weeks. </s>"
1115,"<s>[INST] ""The external environment is still worrying,"" he told a congressional committee.  Brazilian markets have taken a battering as concerns have [/INST]  grown about Argentina's ability to service its debt. The real fell to R$1.982 at one stage yesterday - its lowest level for over a year - before recovering slightly to R$1.972, taking the total depreciation in the last month to 6 per cent. </s>"
1116,"<s>[INST]  The real fell to R$1.982 at one stage yesterday - its lowest level for over a year - [/INST]  before recovering slightly to R$1.972, taking the total depreciation in the last month to 6 per cent. Prices of the Brazilian C-Bond, its most liquid international debt instrument, have also fallen 6 per cent in the last four weeks. The worries about Argentina have increased the perception of risk for the region as a whole. </s>"
1117,"<s>[INST] Brazilian markets have taken a battering as concerns have grown about Argentina's ability to service its debt.  The real fell to R$1.982 at one stage yesterday - its lowest level for over a year - [/INST]  before recovering slightly to R$1.972, taking the total depreciation in the last month to 6 per cent. Prices of the Brazilian C-Bond, its most liquid international debt instrument, have also fallen 6 per cent in the last four weeks. </s>"
1118,"<s>[INST]  Prices of the Brazilian C-Bond, its most liquid international debt instrument, have [/INST]  also fallen 6 per cent in the last four weeks. The worries about Argentina have increased the perception of risk for the region as a whole. Brazil, which has a relatively high current account deficit and whose trade performance has consistently disappointed this year, is viewed as being one of the countries most vulnerable to external shocks. </s>"
1119,"<s>[INST] The real fell to R$1.982 at one stage yesterday - its lowest level for over a year - before recovering slightly to R$1.972, taking the total depreciation in the last month to 6 per cent.  Prices of the Brazilian C-Bond, its most liquid international debt instrument, have [/INST]  also fallen 6 per cent in the last four weeks. The worries about Argentina have increased the perception of risk for the region as a whole. </s>"
1120,"<s>[INST]  The worries about Argentina have increased the perception of [/INST]  risk for the region as a whole. Brazil, which has a relatively high current account deficit and whose trade performance has consistently disappointed this year, is viewed as being one of the countries most vulnerable to external shocks. However, some Brazilian economists think the impact on the real economy will be limited. </s>"
1121,"<s>[INST] Prices of the Brazilian C-Bond, its most liquid international debt instrument, have also fallen 6 per cent in the last four weeks.  The worries about Argentina have increased the perception of [/INST]  risk for the region as a whole. Brazil, which has a relatively high current account deficit and whose trade performance has consistently disappointed this year, is viewed as being one of the countries most vulnerable to external shocks. </s>"
1122,"<s>[INST]  Brazil, which has a relatively high current account deficit and whose trade performance has consistently disappointed [/INST]  this year, is viewed as being one of the countries most vulnerable to external shocks. However, some Brazilian economists think the impact on the real economy will be limited. ""Unless things get out of control in Argentina, which we do not expect to happen, then the outlook for Brazil should not be significantly altered,"" said Constantin Jancso at MCM Consultores in Sao Paulo. </s>"
1123,"<s>[INST] The worries about Argentina have increased the perception of risk for the region as a whole.  Brazil, which has a relatively high current account deficit and whose trade performance has consistently disappointed [/INST]  this year, is viewed as being one of the countries most vulnerable to external shocks. However, some Brazilian economists think the impact on the real economy will be limited. </s>"
1124,"<s>[INST]  However, some Brazilian economists think the impact on [/INST]  the real economy will be limited. ""Unless things get out of control in Argentina, which we do not expect to happen, then the outlook for Brazil should not be significantly altered,"" said Constantin Jancso at MCM Consultores in Sao Paulo. Raul Alfonsin, the former Argentine president, whose comments on the foreign debt helped unnerve international investors, yesterday gave his full backing to the economy minister, Jose Luis Machinea. </s>"
1125,"<s>[INST] Brazil, which has a relatively high current account deficit and whose trade performance has consistently disappointed this year, is viewed as being one of the countries most vulnerable to external shocks.  However, some Brazilian economists think the impact on [/INST]  the real economy will be limited. ""Unless things get out of control in Argentina, which we do not expect to happen, then the outlook for Brazil should not be significantly altered,"" said Constantin Jancso at MCM Consultores in Sao Paulo. </s>"
1126,"<s>[INST]  ""Unless things get out of control in Argentina, which we do not expect to happen, then the outlook [/INST]  for Brazil should not be significantly altered,"" said Constantin Jancso at MCM Consultores in Sao Paulo. Raul Alfonsin, the former Argentine president, whose comments on the foreign debt helped unnerve international investors, yesterday gave his full backing to the economy minister, Jose Luis Machinea. Argentina's troubles, Page 26 Capital markets, Page 42 Copyright Financial Times Limited 2000. </s>"
1127,"<s>[INST] However, some Brazilian economists think the impact on the real economy will be limited.  ""Unless things get out of control in Argentina, which we do not expect to happen, then the outlook [/INST]  for Brazil should not be significantly altered,"" said Constantin Jancso at MCM Consultores in Sao Paulo. Raul Alfonsin, the former Argentine president, whose comments on the foreign debt helped unnerve international investors, yesterday gave his full backing to the economy minister, Jose Luis Machinea. </s>"
1128,"<s>[INST]  Raul Alfonsin, the former Argentine president, whose comments on the foreign debt helped unnerve international [/INST]  investors, yesterday gave his full backing to the economy minister, Jose Luis Machinea. Argentina's troubles, Page 26 Capital markets, Page 42 Copyright Financial Times Limited 2000. All Rights Reserved. </s>"
1129,"<s>[INST] ""Unless things get out of control in Argentina, which we do not expect to happen, then the outlook for Brazil should not be significantly altered,"" said Constantin Jancso at MCM Consultores in Sao Paulo.  Raul Alfonsin, the former Argentine president, whose comments on the foreign debt helped unnerve international [/INST]  investors, yesterday gave his full backing to the economy minister, Jose Luis Machinea. Argentina's troubles, Page 26 Capital markets, Page 42 Copyright Financial Times Limited 2000. </s>"
1130,"<s>[INST]  accountid=28034 Abstract: ""If something were to go horribly wrong in Argentina, I believe it would be the end of emerging markets as [/INST]  we know them,"" says Arturo Porzecanski, Latin America economist at ABN Amro, who is nevertheless not predicting such an outcome. ""The exposure to Argentina in the fixed-income market is huge relative to what the exposure was in Russia"". It was Russia's actions that sparked the chain of events leading to Argentina's current problems. </s>"
1131,"<s>[INST] proquest.com/docview/248880096?  accountid=28034 Abstract: ""If something were to go horribly wrong in Argentina, I believe it would be the end of emerging markets as [/INST]  we know them,"" says Arturo Porzecanski, Latin America economist at ABN Amro, who is nevertheless not predicting such an outcome. ""The exposure to Argentina in the fixed-income market is huge relative to what the exposure was in Russia"". </s>"
1132,"<s>[INST]  ""The exposure to Argentina in the fixed-income market is huge [/INST]  relative to what the exposure was in Russia"". It was Russia's actions that sparked the chain of events leading to Argentina's current problems. Like other emerging markets, Argentina was badly affected when investors abandoned high-risk investments. </s>"
1133,"<s>[INST] accountid=28034  Abstract: ""If something were to go horribly wrong in Argentina, I believe it would be the end of emerging markets as we know them,"" says Arturo Porzecanski, Latin America economist at ABN Amro, who is nevertheless not predicting such an outcome.  ""The exposure to Argentina in the fixed-income market is huge [/INST]  relative to what the exposure was in Russia"". It was Russia's actions that sparked the chain of events leading to Argentina's current problems. </s>"
1134,"<s>[INST]  It was Russia's actions that sparked the chain [/INST]  of events leading to Argentina's current problems. Like other emerging markets, Argentina was badly affected when investors abandoned high-risk investments. Brazil, Argentina's neighbour and largest trading partner, was forced to devalue in January last year, putting Argentina's economy under even greater strain. </s>"
1135,"<s>[INST] ""The exposure to Argentina in the fixed-income market is huge relative to what the exposure was in Russia"".  It was Russia's actions that sparked the chain [/INST]  of events leading to Argentina's current problems. Like other emerging markets, Argentina was badly affected when investors abandoned high-risk investments. </s>"
1136,"<s>[INST]  Like other emerging markets, Argentina was badly [/INST]  affected when investors abandoned high-risk investments. Brazil, Argentina's neighbour and largest trading partner, was forced to devalue in January last year, putting Argentina's economy under even greater strain. Because the country's currency regime keeps the peso tied to the dollar under a currency board, Argentina was unable to react to the loss of competitiveness or the spiralling cost of financing. </s>"
1137,"<s>[INST] It was Russia's actions that sparked the chain of events leading to Argentina's current problems.  Like other emerging markets, Argentina was badly [/INST]  affected when investors abandoned high-risk investments. Brazil, Argentina's neighbour and largest trading partner, was forced to devalue in January last year, putting Argentina's economy under even greater strain. </s>"
1138,"<s>[INST]  Brazil, Argentina's neighbour and largest trading partner, was forced to devalue in [/INST]  January last year, putting Argentina's economy under even greater strain. Because the country's currency regime keeps the peso tied to the dollar under a currency board, Argentina was unable to react to the loss of competitiveness or the spiralling cost of financing. The result was that the country's economy contracted by more than 3 per cent last year. </s>"
1139,"<s>[INST] Like other emerging markets, Argentina was badly affected when investors abandoned high-risk investments.  Brazil, Argentina's neighbour and largest trading partner, was forced to devalue in [/INST]  January last year, putting Argentina's economy under even greater strain. Because the country's currency regime keeps the peso tied to the dollar under a currency board, Argentina was unable to react to the loss of competitiveness or the spiralling cost of financing. </s>"
1140,"<s>[INST]  Because the country's currency regime keeps the peso tied to the dollar under a currency board, Argentina [/INST]  was unable to react to the loss of competitiveness or the spiralling cost of financing. The result was that the country's economy contracted by more than 3 per cent last year. There is a chance that Argentina could climb out of its predicament without the help of international financial institutions. </s>"
1141,"<s>[INST] Brazil, Argentina's neighbour and largest trading partner, was forced to devalue in January last year, putting Argentina's economy under even greater strain.  Because the country's currency regime keeps the peso tied to the dollar under a currency board, Argentina [/INST]  was unable to react to the loss of competitiveness or the spiralling cost of financing. The result was that the country's economy contracted by more than 3 per cent last year. </s>"
1142,"<s>[INST]  The result was that the country's economy contracted by [/INST]  more than 3 per cent last year. There is a chance that Argentina could climb out of its predicament without the help of international financial institutions. Rises in commodity prices, a fall in the dollar and a stronger euro would all help exporters and reduce dependence on external financing. </s>"
1143,"<s>[INST] Because the country's currency regime keeps the peso tied to the dollar under a currency board, Argentina was unable to react to the loss of competitiveness or the spiralling cost of financing.  The result was that the country's economy contracted by [/INST]  more than 3 per cent last year. There is a chance that Argentina could climb out of its predicament without the help of international financial institutions. </s>"
1144,"<s>[INST]  There is a chance that Argentina could climb out of [/INST]  its predicament without the help of international financial institutions. Rises in commodity prices, a fall in the dollar and a stronger euro would all help exporters and reduce dependence on external financing. Some argue that a change in the economic team might help engender investor confidence and make it easier for Argentina to borrow. </s>"
1145,"<s>[INST] The result was that the country's economy contracted by more than 3 per cent last year.  There is a chance that Argentina could climb out of [/INST]  its predicament without the help of international financial institutions. Rises in commodity prices, a fall in the dollar and a stronger euro would all help exporters and reduce dependence on external financing. </s>"
1146,"<s>[INST]  Rises in commodity prices, a fall in the dollar and a stronger [/INST]  euro would all help exporters and reduce dependence on external financing. Some argue that a change in the economic team might help engender investor confidence and make it easier for Argentina to borrow. There are hopes too that fresh investment in the telecommunications industry, which has been opened up to new competition this month, could stimulate growth. </s>"
1147,"<s>[INST] There is a chance that Argentina could climb out of its predicament without the help of international financial institutions.  Rises in commodity prices, a fall in the dollar and a stronger [/INST]  euro would all help exporters and reduce dependence on external financing. Some argue that a change in the economic team might help engender investor confidence and make it easier for Argentina to borrow. </s>"
1148,"<s>[INST]  Some argue that a change in the economic team might help engender [/INST]  investor confidence and make it easier for Argentina to borrow. There are hopes too that fresh investment in the telecommunications industry, which has been opened up to new competition this month, could stimulate growth. Full text: For the best part of a decade, Argentina has been an emerging markets success story. </s>"
1149,"<s>[INST] Rises in commodity prices, a fall in the dollar and a stronger euro would all help exporters and reduce dependence on external financing.  Some argue that a change in the economic team might help engender [/INST]  investor confidence and make it easier for Argentina to borrow. There are hopes too that fresh investment in the telecommunications industry, which has been opened up to new competition this month, could stimulate growth. </s>"
1150,"<s>[INST]  There are hopes too that fresh investment in the telecommunications industry, which has [/INST]  been opened up to new competition this month, could stimulate growth. Full text: For the best part of a decade, Argentina has been an emerging markets success story. The country's enthusiastic embrace of privatisation, fiscal austerity and liberal economic reforms has won it friends on Wall Street and made it a favourite of the International Monetary Fund. </s>"
1151,"<s>[INST] Some argue that a change in the economic team might help engender investor confidence and make it easier for Argentina to borrow.  There are hopes too that fresh investment in the telecommunications industry, which has [/INST]  been opened up to new competition this month, could stimulate growth. Full text: For the best part of a decade, Argentina has been an emerging markets success story. </s>"
1152,"<s>[INST]  Full text: For the best part of a decade, [/INST]  Argentina has been an emerging markets success story. The country's enthusiastic embrace of privatisation, fiscal austerity and liberal economic reforms has won it friends on Wall Street and made it a favourite of the International Monetary Fund. Its economic stability is underpinned by a solid banking system and a steady currency - in sharp contrast to the economic turmoil of the late 1980s, when shopkeepers adjusted prices daily and annual rates of inflation reached 5,000 per cent. </s>"
1153,"<s>[INST] There are hopes too that fresh investment in the telecommunications industry, which has been opened up to new competition this month, could stimulate growth.  Full text: For the best part of a decade, [/INST]  Argentina has been an emerging markets success story. The country's enthusiastic embrace of privatisation, fiscal austerity and liberal economic reforms has won it friends on Wall Street and made it a favourite of the International Monetary Fund. </s>"
1154,"<s>[INST]  The country's enthusiastic embrace of privatisation, fiscal austerity and liberal economic reforms has won it [/INST]  friends on Wall Street and made it a favourite of the International Monetary Fund. Its economic stability is underpinned by a solid banking system and a steady currency - in sharp contrast to the economic turmoil of the late 1980s, when shopkeepers adjusted prices daily and annual rates of inflation reached 5,000 per cent. But there are now worries in financial markets that the country could be heading towards a crisis just as dangerous as those that hit Mexico in 1994 and Brazil early last year. </s>"
1155,"<s>[INST] Full text: For the best part of a decade, Argentina has been an emerging markets success story.  The country's enthusiastic embrace of privatisation, fiscal austerity and liberal economic reforms has won it [/INST]  friends on Wall Street and made it a favourite of the International Monetary Fund. Its economic stability is underpinned by a solid banking system and a steady currency - in sharp contrast to the economic turmoil of the late 1980s, when shopkeepers adjusted prices daily and annual rates of inflation reached 5,000 per cent. </s>"
1156,"<s>[INST]  Its economic stability is underpinned by a solid banking system and a steady currency - in sharp contrast to the economic [/INST]  turmoil of the late 1980s, when shopkeepers adjusted prices daily and annual rates of inflation reached 5,000 per cent. But there are now worries in financial markets that the country could be heading towards a crisis just as dangerous as those that hit Mexico in 1994 and Brazil early last year. In recent weeks investors have sold Argentine bonds, fearful that the country may have trouble raising the nearly $20bn it needs next year to service its foreign debt. </s>"
1157,"<s>[INST] The country's enthusiastic embrace of privatisation, fiscal austerity and liberal economic reforms has won it friends on Wall Street and made it a favourite of the International Monetary Fund.  Its economic stability is underpinned by a solid banking system and a steady currency - in sharp contrast to the economic [/INST]  turmoil of the late 1980s, when shopkeepers adjusted prices daily and annual rates of inflation reached 5,000 per cent. But there are now worries in financial markets that the country could be heading towards a crisis just as dangerous as those that hit Mexico in 1994 and Brazil early last year. </s>"
1158,"<s>[INST]  But there are now worries in financial markets that the country could be heading towards a crisis [/INST]  just as dangerous as those that hit Mexico in 1994 and Brazil early last year. In recent weeks investors have sold Argentine bonds, fearful that the country may have trouble raising the nearly $20bn it needs next year to service its foreign debt. Domestic interest rates have risen to levels last seen following Mexico's crisis and there has been a flurry of meetings between members of Argentina's economic team, the IMF and the US Treasury, giving rise to speculation - denied by all parties - about a $15bn rescue package. </s>"
1159,"<s>[INST] Its economic stability is underpinned by a solid banking system and a steady currency - in sharp contrast to the economic turmoil of the late 1980s, when shopkeepers adjusted prices daily and annual rates of inflation reached 5,000 per cent.  But there are now worries in financial markets that the country could be heading towards a crisis [/INST]  just as dangerous as those that hit Mexico in 1994 and Brazil early last year. In recent weeks investors have sold Argentine bonds, fearful that the country may have trouble raising the nearly $20bn it needs next year to service its foreign debt. </s>"
1160,"<s>[INST]  In recent weeks investors have sold Argentine bonds, fearful that the country may have trouble [/INST]  raising the nearly $20bn it needs next year to service its foreign debt. Domestic interest rates have risen to levels last seen following Mexico's crisis and there has been a flurry of meetings between members of Argentina's economic team, the IMF and the US Treasury, giving rise to speculation - denied by all parties - about a $15bn rescue package. The stakes are high. </s>"
1161,"<s>[INST] But there are now worries in financial markets that the country could be heading towards a crisis just as dangerous as those that hit Mexico in 1994 and Brazil early last year.  In recent weeks investors have sold Argentine bonds, fearful that the country may have trouble [/INST]  raising the nearly $20bn it needs next year to service its foreign debt. Domestic interest rates have risen to levels last seen following Mexico's crisis and there has been a flurry of meetings between members of Argentina's economic team, the IMF and the US Treasury, giving rise to speculation - denied by all parties - about a $15bn rescue package. </s>"
1162,"<s>[INST]  Domestic interest rates have risen to levels last seen following Mexico's crisis and there has been a flurry of meetings between members of Argentina's [/INST]  economic team, the IMF and the US Treasury, giving rise to speculation - denied by all parties - about a $15bn rescue package. The stakes are high. If Argentina's problems get worse, other Latin American countries could be affected. </s>"
1163,"<s>[INST] In recent weeks investors have sold Argentine bonds, fearful that the country may have trouble raising the nearly $20bn it needs next year to service its foreign debt.  Domestic interest rates have risen to levels last seen following Mexico's crisis and there has been a flurry of meetings between members of Argentina's [/INST]  economic team, the IMF and the US Treasury, giving rise to speculation - denied by all parties - about a $15bn rescue package. The stakes are high. </s>"
1164,"<s>[INST]  If Argentina's problems get worse, other Latin [/INST]  American countries could be affected. Brazil's currency is at its weakest level in more than a year and its bond yields have risen. But a potential crisis could also have repercussions far beyond the region. </s>"
1165,"<s>[INST] The stakes are high.  If Argentina's problems get worse, other Latin [/INST]  American countries could be affected. Brazil's currency is at its weakest level in more than a year and its bond yields have risen. </s>"
1166,<s>[INST]  Brazil's currency is at its weakest level in more than [/INST]  a year and its bond yields have risen. But a potential crisis could also have repercussions far beyond the region. Argentine debt accounts for between a quarter and a fifth of tradable emerging market debt - its debt is widely held by investors all over the world. </s>
1167,"<s>[INST] If Argentina's problems get worse, other Latin American countries could be affected.  Brazil's currency is at its weakest level in more than [/INST]  a year and its bond yields have risen. But a potential crisis could also have repercussions far beyond the region. </s>"
1168,"<s>[INST]  But a potential crisis could also have [/INST]  repercussions far beyond the region. Argentine debt accounts for between a quarter and a fifth of tradable emerging market debt - its debt is widely held by investors all over the world. In the extreme case that Argentina was unable to meet its obligations, the effect could eclipse even the financial panic produced by Russia's debt default two years ago. </s>"
1169,<s>[INST] Brazil's currency is at its weakest level in more than a year and its bond yields have risen.  But a potential crisis could also have [/INST]  repercussions far beyond the region. Argentine debt accounts for between a quarter and a fifth of tradable emerging market debt - its debt is widely held by investors all over the world. </s>
1170,"<s>[INST]  Argentine debt accounts for between a quarter and a fifth of tradable emerging market [/INST]  debt - its debt is widely held by investors all over the world. In the extreme case that Argentina was unable to meet its obligations, the effect could eclipse even the financial panic produced by Russia's debt default two years ago. ""If something were to go horribly wrong in Argentina, I believe it would be the end of emerging markets as we know them,"" says Arturo Porzecanski, Latin America economist at ABN Amro, who is nevertheless not predicting such an outcome. </s>"
1171,"<s>[INST] But a potential crisis could also have repercussions far beyond the region.  Argentine debt accounts for between a quarter and a fifth of tradable emerging market [/INST]  debt - its debt is widely held by investors all over the world. In the extreme case that Argentina was unable to meet its obligations, the effect could eclipse even the financial panic produced by Russia's debt default two years ago. </s>"
1172,"<s>[INST]  In the extreme case that Argentina was unable to meet its obligations, the effect could [/INST]  eclipse even the financial panic produced by Russia's debt default two years ago. ""If something were to go horribly wrong in Argentina, I believe it would be the end of emerging markets as we know them,"" says Arturo Porzecanski, Latin America economist at ABN Amro, who is nevertheless not predicting such an outcome. ""The exposure to Argentina in the fixed-income market is huge relative to what the exposure was in Russia"". </s>"
1173,"<s>[INST] Argentine debt accounts for between a quarter and a fifth of tradable emerging market debt - its debt is widely held by investors all over the world.  In the extreme case that Argentina was unable to meet its obligations, the effect could [/INST]  eclipse even the financial panic produced by Russia's debt default two years ago. ""If something were to go horribly wrong in Argentina, I believe it would be the end of emerging markets as we know them,"" says Arturo Porzecanski, Latin America economist at ABN Amro, who is nevertheless not predicting such an outcome. </s>"
1174,"<s>[INST]  ""If something were to go horribly wrong in Argentina, I believe it would be the end of emerging markets as we [/INST]  know them,"" says Arturo Porzecanski, Latin America economist at ABN Amro, who is nevertheless not predicting such an outcome. ""The exposure to Argentina in the fixed-income market is huge relative to what the exposure was in Russia"". It was Russia's actions that sparked the chain of events leading to Argentina's current problems. </s>"
1175,"<s>[INST] In the extreme case that Argentina was unable to meet its obligations, the effect could eclipse even the financial panic produced by Russia's debt default two years ago.  ""If something were to go horribly wrong in Argentina, I believe it would be the end of emerging markets as we [/INST]  know them,"" says Arturo Porzecanski, Latin America economist at ABN Amro, who is nevertheless not predicting such an outcome. ""The exposure to Argentina in the fixed-income market is huge relative to what the exposure was in Russia"". </s>"
1176,"<s>[INST]  ""The exposure to Argentina in the fixed-income market is huge [/INST]  relative to what the exposure was in Russia"". It was Russia's actions that sparked the chain of events leading to Argentina's current problems. Like other emerging markets, Argentina was badly affected when investors abandoned high-risk investments. </s>"
1177,"<s>[INST] ""If something were to go horribly wrong in Argentina, I believe it would be the end of emerging markets as we know them,"" says Arturo Porzecanski, Latin America economist at ABN Amro, who is nevertheless not predicting such an outcome.  ""The exposure to Argentina in the fixed-income market is huge [/INST]  relative to what the exposure was in Russia"". It was Russia's actions that sparked the chain of events leading to Argentina's current problems. </s>"
1178,"<s>[INST]  It was Russia's actions that sparked the chain [/INST]  of events leading to Argentina's current problems. Like other emerging markets, Argentina was badly affected when investors abandoned high-risk investments. Brazil, Argentina's neighbour and largest trading partner, was forced to devalue in January last year, putting Argentina's economy under even greater strain. </s>"
1179,"<s>[INST] ""The exposure to Argentina in the fixed-income market is huge relative to what the exposure was in Russia"".  It was Russia's actions that sparked the chain [/INST]  of events leading to Argentina's current problems. Like other emerging markets, Argentina was badly affected when investors abandoned high-risk investments. </s>"
1180,"<s>[INST]  Like other emerging markets, Argentina was badly [/INST]  affected when investors abandoned high-risk investments. Brazil, Argentina's neighbour and largest trading partner, was forced to devalue in January last year, putting Argentina's economy under even greater strain. Because the country's currency regime keeps the peso tied to the dollar under a currency board, Argentina was unable to react to the loss of competitiveness or the spiralling cost of financing. </s>"
1181,"<s>[INST] It was Russia's actions that sparked the chain of events leading to Argentina's current problems.  Like other emerging markets, Argentina was badly [/INST]  affected when investors abandoned high-risk investments. Brazil, Argentina's neighbour and largest trading partner, was forced to devalue in January last year, putting Argentina's economy under even greater strain. </s>"
1182,"<s>[INST]  Brazil, Argentina's neighbour and largest trading partner, was forced to devalue in [/INST]  January last year, putting Argentina's economy under even greater strain. Because the country's currency regime keeps the peso tied to the dollar under a currency board, Argentina was unable to react to the loss of competitiveness or the spiralling cost of financing. The result was that the country's economy contracted by more than 3 per cent last year. </s>"
1183,"<s>[INST] Like other emerging markets, Argentina was badly affected when investors abandoned high-risk investments.  Brazil, Argentina's neighbour and largest trading partner, was forced to devalue in [/INST]  January last year, putting Argentina's economy under even greater strain. Because the country's currency regime keeps the peso tied to the dollar under a currency board, Argentina was unable to react to the loss of competitiveness or the spiralling cost of financing. </s>"
1184,"<s>[INST]  Because the country's currency regime keeps the peso tied to the dollar under a currency board, Argentina [/INST]  was unable to react to the loss of competitiveness or the spiralling cost of financing. The result was that the country's economy contracted by more than 3 per cent last year. Argentina had been expected to recover this year, but a series of external shocks has troubled the new government. </s>"
1185,"<s>[INST] Brazil, Argentina's neighbour and largest trading partner, was forced to devalue in January last year, putting Argentina's economy under even greater strain.  Because the country's currency regime keeps the peso tied to the dollar under a currency board, Argentina [/INST]  was unable to react to the loss of competitiveness or the spiralling cost of financing. The result was that the country's economy contracted by more than 3 per cent last year. </s>"
1186,"<s>[INST]  The result was that the country's economy contracted by [/INST]  more than 3 per cent last year. Argentina had been expected to recover this year, but a series of external shocks has troubled the new government. Since it took over in December, Fernando de la Rua's centrist administration has had to cope with further falls in the prices of its commodity exports such as wheat and soya. </s>"
1187,"<s>[INST] Because the country's currency regime keeps the peso tied to the dollar under a currency board, Argentina was unable to react to the loss of competitiveness or the spiralling cost of financing.  The result was that the country's economy contracted by [/INST]  more than 3 per cent last year. Argentina had been expected to recover this year, but a series of external shocks has troubled the new government. </s>"
1188,"<s>[INST]  Argentina had been expected to recover this year, but a [/INST]  series of external shocks has troubled the new government. Since it took over in December, Fernando de la Rua's centrist administration has had to cope with further falls in the prices of its commodity exports such as wheat and soya. The dollar has also strengthened, the euro has weakened and international interest rates have risen - all of which have further undermined the country's competitiveness. </s>"
1189,"<s>[INST] The result was that the country's economy contracted by more than 3 per cent last year.  Argentina had been expected to recover this year, but a [/INST]  series of external shocks has troubled the new government. Since it took over in December, Fernando de la Rua's centrist administration has had to cope with further falls in the prices of its commodity exports such as wheat and soya. </s>"
1190,"<s>[INST]  Since it took over in December, Fernando de la Rua's centrist administration has had to cope [/INST]  with further falls in the prices of its commodity exports such as wheat and soya. The dollar has also strengthened, the euro has weakened and international interest rates have risen - all of which have further undermined the country's competitiveness. To cap the economic team's run of bad luck, high-yield bond markets have virtually dried up in the last month. </s>"
1191,"<s>[INST] Argentina had been expected to recover this year, but a series of external shocks has troubled the new government.  Since it took over in December, Fernando de la Rua's centrist administration has had to cope [/INST]  with further falls in the prices of its commodity exports such as wheat and soya. The dollar has also strengthened, the euro has weakened and international interest rates have risen - all of which have further undermined the country's competitiveness. </s>"
1192,"<s>[INST]  The dollar has also strengthened, the euro has weakened and international interest rates [/INST]  have risen - all of which have further undermined the country's competitiveness. To cap the economic team's run of bad luck, high-yield bond markets have virtually dried up in the last month. Investors have curtailed lending to any borrower perceived as high risk - either corporate or sovereign - in recent months. </s>"
1193,"<s>[INST] Since it took over in December, Fernando de la Rua's centrist administration has had to cope with further falls in the prices of its commodity exports such as wheat and soya.  The dollar has also strengthened, the euro has weakened and international interest rates [/INST]  have risen - all of which have further undermined the country's competitiveness. To cap the economic team's run of bad luck, high-yield bond markets have virtually dried up in the last month. </s>"
1194,"<s>[INST]  To cap the economic team's run of bad luck, high-yield bond [/INST]  markets have virtually dried up in the last month. Investors have curtailed lending to any borrower perceived as high risk - either corporate or sovereign - in recent months. ""You've had an unparalleled set of real shocks hitting Argentina,"" says Francis Freisinger, senior Latin American economist at Merrill Lynch. </s>"
1195,"<s>[INST] The dollar has also strengthened, the euro has weakened and international interest rates have risen - all of which have further undermined the country's competitiveness.  To cap the economic team's run of bad luck, high-yield bond [/INST]  markets have virtually dried up in the last month. Investors have curtailed lending to any borrower perceived as high risk - either corporate or sovereign - in recent months. </s>"
1196,"<s>[INST]  Investors have curtailed lending to any borrower perceived as high risk [/INST]  - either corporate or sovereign - in recent months. ""You've had an unparalleled set of real shocks hitting Argentina,"" says Francis Freisinger, senior Latin American economist at Merrill Lynch. ""In many senses, it has dealt with them better than anybody would have expected"". </s>"
1197,"<s>[INST] To cap the economic team's run of bad luck, high-yield bond markets have virtually dried up in the last month.  Investors have curtailed lending to any borrower perceived as high risk [/INST]  - either corporate or sovereign - in recent months. ""You've had an unparalleled set of real shocks hitting Argentina,"" says Francis Freisinger, senior Latin American economist at Merrill Lynch. </s>"
1198,"<s>[INST]  ""You've had an unparalleled set of real shocks hitting Argentina,"" says [/INST]  Francis Freisinger, senior Latin American economist at Merrill Lynch. ""In many senses, it has dealt with them better than anybody would have expected"". Economists have been revising their growth estimates downwards - this year's expansion of less than 1 per cent will mean that per capita growth will again be negative. </s>"
1199,"<s>[INST] Investors have curtailed lending to any borrower perceived as high risk - either corporate or sovereign - in recent months.  ""You've had an unparalleled set of real shocks hitting Argentina,"" says [/INST]  Francis Freisinger, senior Latin American economist at Merrill Lynch. ""In many senses, it has dealt with them better than anybody would have expected"". </s>"
1200,"<s>[INST]  ""In many senses, it has dealt with them [/INST]  better than anybody would have expected"". Economists have been revising their growth estimates downwards - this year's expansion of less than 1 per cent will mean that per capita growth will again be negative. Already high levels of unemployment have risen further and many businesses are having to cut wages in order to survive. </s>"
1201,"<s>[INST] ""You've had an unparalleled set of real shocks hitting Argentina,"" says Francis Freisinger, senior Latin American economist at Merrill Lynch.  ""In many senses, it has dealt with them [/INST]  better than anybody would have expected"". Economists have been revising their growth estimates downwards - this year's expansion of less than 1 per cent will mean that per capita growth will again be negative. </s>"
1202,<s>[INST]  Economists have been revising their growth estimates downwards - this year's expansion of less than [/INST]  1 per cent will mean that per capita growth will again be negative. Already high levels of unemployment have risen further and many businesses are having to cut wages in order to survive. Opinion polls show that disillusionment with the liberal economic model introduced in the 1990s is increasing. </s>
1203,"<s>[INST] ""In many senses, it has dealt with them better than anybody would have expected"".  Economists have been revising their growth estimates downwards - this year's expansion of less than [/INST]  1 per cent will mean that per capita growth will again be negative. Already high levels of unemployment have risen further and many businesses are having to cut wages in order to survive. </s>"
1204,"<s>[INST]  Already high levels of unemployment have risen further and many businesses [/INST]  are having to cut wages in order to survive. Opinion polls show that disillusionment with the liberal economic model introduced in the 1990s is increasing. Partly as a result, Mr De la Rua's governing coalition of centre-left Radicals and the leftist Frepaso party has been beset by tension and division. </s>"
1205,<s>[INST] Economists have been revising their growth estimates downwards - this year's expansion of less than 1 per cent will mean that per capita growth will again be negative.  Already high levels of unemployment have risen further and many businesses [/INST]  are having to cut wages in order to survive. Opinion polls show that disillusionment with the liberal economic model introduced in the 1990s is increasing. </s>
1206,"<s>[INST]  Opinion polls show that disillusionment with the liberal economic [/INST]  model introduced in the 1990s is increasing. Partly as a result, Mr De la Rua's governing coalition of centre-left Radicals and the leftist Frepaso party has been beset by tension and division. The two-party coalition elected a year ago proved unwieldy and aimless during its first months in office, which were marked by public squabbling between ministers over the course of economic policy. </s>"
1207,"<s>[INST] Already high levels of unemployment have risen further and many businesses are having to cut wages in order to survive.  Opinion polls show that disillusionment with the liberal economic [/INST]  model introduced in the 1990s is increasing. Partly as a result, Mr De la Rua's governing coalition of centre-left Radicals and the leftist Frepaso party has been beset by tension and division. </s>"
1208,"<s>[INST]  Partly as a result, Mr De la Rua's governing coalition of centre-left Radicals [/INST]  and the leftist Frepaso party has been beset by tension and division. The two-party coalition elected a year ago proved unwieldy and aimless during its first months in office, which were marked by public squabbling between ministers over the course of economic policy. It is not all bad, however. </s>"
1209,"<s>[INST] Opinion polls show that disillusionment with the liberal economic model introduced in the 1990s is increasing.  Partly as a result, Mr De la Rua's governing coalition of centre-left Radicals [/INST]  and the leftist Frepaso party has been beset by tension and division. The two-party coalition elected a year ago proved unwieldy and aimless during its first months in office, which were marked by public squabbling between ministers over the course of economic policy. </s>"
1210,"<s>[INST]  The two-party coalition elected a year ago proved unwieldy and aimless during its first months in [/INST]  office, which were marked by public squabbling between ministers over the course of economic policy. It is not all bad, however. Mr De la Rua has reshuffled his cabinet in an effort to forge greater cohesion. </s>"
1211,"<s>[INST] Partly as a result, Mr De la Rua's governing coalition of centre-left Radicals and the leftist Frepaso party has been beset by tension and division.  The two-party coalition elected a year ago proved unwieldy and aimless during its first months in [/INST]  office, which were marked by public squabbling between ministers over the course of economic policy. It is not all bad, however. </s>"
1212,"<s>[INST]  Mr De la Rua has reshuffled his cabinet [/INST]  in an effort to forge greater cohesion. Last month's appointment of Chrystian Colombo, a former banker, as cabinet chief appears to have helped stream line the decision-making process and give a sense of greater unity. The government has made progress towards securing the agreement of opposition deputies - who control congress - for its budget plans. </s>"
1213,"<s>[INST] It is not all bad, however.  Mr De la Rua has reshuffled his cabinet [/INST]  in an effort to forge greater cohesion. Last month's appointment of Chrystian Colombo, a former banker, as cabinet chief appears to have helped stream line the decision-making process and give a sense of greater unity. </s>"
1214,"<s>[INST]  Last month's appointment of Chrystian Colombo, a former banker, as cabinet chief appears to have [/INST]  helped stream line the decision-making process and give a sense of greater unity. The government has made progress towards securing the agreement of opposition deputies - who control congress - for its budget plans. The government also enjoys popular backing for its commitment to retain the currency board: devaluation would increase the risk of higher inflation. </s>"
1215,"<s>[INST] Mr De la Rua has reshuffled his cabinet in an effort to forge greater cohesion.  Last month's appointment of Chrystian Colombo, a former banker, as cabinet chief appears to have [/INST]  helped stream line the decision-making process and give a sense of greater unity. The government has made progress towards securing the agreement of opposition deputies - who control congress - for its budget plans. </s>"
1216,<s>[INST]  The government has made progress towards securing the agreement of opposition [/INST]  deputies - who control congress - for its budget plans. The government also enjoys popular backing for its commitment to retain the currency board: devaluation would increase the risk of higher inflation. It would also trigger massive debt problems for the many individuals and businesses that have borrowed in dollars. </s>
1217,"<s>[INST] Last month's appointment of Chrystian Colombo, a former banker, as cabinet chief appears to have helped stream line the decision-making process and give a sense of greater unity.  The government has made progress towards securing the agreement of opposition [/INST]  deputies - who control congress - for its budget plans. The government also enjoys popular backing for its commitment to retain the currency board: devaluation would increase the risk of higher inflation. </s>"
1218,<s>[INST]  The government also enjoys popular backing for its commitment to retain the [/INST]  currency board: devaluation would increase the risk of higher inflation. It would also trigger massive debt problems for the many individuals and businesses that have borrowed in dollars. There is a chance that Argentina could climb out of its predicament without the help of international financial institutions. </s>
1219,<s>[INST] The government has made progress towards securing the agreement of opposition deputies - who control congress - for its budget plans.  The government also enjoys popular backing for its commitment to retain the [/INST]  currency board: devaluation would increase the risk of higher inflation. It would also trigger massive debt problems for the many individuals and businesses that have borrowed in dollars. </s>
1220,"<s>[INST]  It would also trigger massive debt problems for the many [/INST]  individuals and businesses that have borrowed in dollars. There is a chance that Argentina could climb out of its predicament without the help of international financial institutions. Rises in commodity prices, a fall in the dollar and a stronger euro would all help exporters and reduce dependence on external financing. </s>"
1221,<s>[INST] The government also enjoys popular backing for its commitment to retain the currency board: devaluation would increase the risk of higher inflation.  It would also trigger massive debt problems for the many [/INST]  individuals and businesses that have borrowed in dollars. There is a chance that Argentina could climb out of its predicament without the help of international financial institutions. </s>
1222,"<s>[INST]  There is a chance that Argentina could climb out of [/INST]  its predicament without the help of international financial institutions. Rises in commodity prices, a fall in the dollar and a stronger euro would all help exporters and reduce dependence on external financing. Some argue that a change in the economic team might help engender investor confidence and make it easier for Argentina to borrow. </s>"
1223,"<s>[INST] It would also trigger massive debt problems for the many individuals and businesses that have borrowed in dollars.  There is a chance that Argentina could climb out of [/INST]  its predicament without the help of international financial institutions. Rises in commodity prices, a fall in the dollar and a stronger euro would all help exporters and reduce dependence on external financing. </s>"
1224,"<s>[INST]  Rises in commodity prices, a fall in the dollar and a stronger [/INST]  euro would all help exporters and reduce dependence on external financing. Some argue that a change in the economic team might help engender investor confidence and make it easier for Argentina to borrow. There are hopes too that fresh investment in the telecommunications industry, which has been opened up to new competition this month, could stimulate growth. </s>"
1225,"<s>[INST] There is a chance that Argentina could climb out of its predicament without the help of international financial institutions.  Rises in commodity prices, a fall in the dollar and a stronger [/INST]  euro would all help exporters and reduce dependence on external financing. Some argue that a change in the economic team might help engender investor confidence and make it easier for Argentina to borrow. </s>"
1226,"<s>[INST]  Some argue that a change in the economic team might help engender [/INST]  investor confidence and make it easier for Argentina to borrow. There are hopes too that fresh investment in the telecommunications industry, which has been opened up to new competition this month, could stimulate growth. So far, though, Mr De la Rua has not been able to arrest the slump in confidence. </s>"
1227,"<s>[INST] Rises in commodity prices, a fall in the dollar and a stronger euro would all help exporters and reduce dependence on external financing.  Some argue that a change in the economic team might help engender [/INST]  investor confidence and make it easier for Argentina to borrow. There are hopes too that fresh investment in the telecommunications industry, which has been opened up to new competition this month, could stimulate growth. </s>"
1228,"<s>[INST]  There are hopes too that fresh investment in the telecommunications industry, which has [/INST]  been opened up to new competition this month, could stimulate growth. So far, though, Mr De la Rua has not been able to arrest the slump in confidence. Yields on dollar bonds have risen by more than 3 percentage points in the last five weeks. </s>"
1229,"<s>[INST] Some argue that a change in the economic team might help engender investor confidence and make it easier for Argentina to borrow.  There are hopes too that fresh investment in the telecommunications industry, which has [/INST]  been opened up to new competition this month, could stimulate growth. So far, though, Mr De la Rua has not been able to arrest the slump in confidence. </s>"
1230,"<s>[INST]  So far, though, Mr De la Rua has not [/INST]  been able to arrest the slump in confidence. Yields on dollar bonds have risen by more than 3 percentage points in the last five weeks. Even domestic borrowing could prove difficult. </s>"
1231,"<s>[INST] There are hopes too that fresh investment in the telecommunications industry, which has been opened up to new competition this month, could stimulate growth.  So far, though, Mr De la Rua has not [/INST]  been able to arrest the slump in confidence. Yields on dollar bonds have risen by more than 3 percentage points in the last five weeks. </s>"
1232,"<s>[INST]  Yields on dollar bonds have risen by more than [/INST]  3 percentage points in the last five weeks. Even domestic borrowing could prove difficult. On Tuesday, the government was forced to pay interest rates of 16 per cent for one-year Treasury bills - nearly double the rate paid when similar bills were last auctioned in July. </s>"
1233,"<s>[INST] So far, though, Mr De la Rua has not been able to arrest the slump in confidence.  Yields on dollar bonds have risen by more than [/INST]  3 percentage points in the last five weeks. Even domestic borrowing could prove difficult. </s>"
1234,"<s>[INST]  On Tuesday, the government was forced to pay interest rates of 16 per cent for one-year Treasury [/INST]  bills - nearly double the rate paid when similar bills were last auctioned in July. The extra interest costs on the domestic issue are equal to about $40m a year. The country's GDP is about $290bn. </s>"
1235,"<s>[INST] Even domestic borrowing could prove difficult.  On Tuesday, the government was forced to pay interest rates of 16 per cent for one-year Treasury [/INST]  bills - nearly double the rate paid when similar bills were last auctioned in July. The extra interest costs on the domestic issue are equal to about $40m a year. </s>"
1236,<s>[INST]  The extra interest costs on the domestic issue [/INST]  are equal to about $40m a year. The country's GDP is about $290bn. Investors have been very sensitive to any signs of dissent. </s>
1237,"<s>[INST] On Tuesday, the government was forced to pay interest rates of 16 per cent for one-year Treasury bills - nearly double the rate paid when similar bills were last auctioned in July.  The extra interest costs on the domestic issue [/INST]  are equal to about $40m a year. The country's GDP is about $290bn. </s>"
1238,"<s>[INST]  Two weeks ago, off-the-cuff remarks about the advantages of a debt moratorium by Raul Alfonsin, the [/INST]  former president and head of Mr De la Rua's own party, sent bond prices plummeting. It is highly unlikely that the government would ever willingly undertake to devalue its currency or default on its foreign obligations. The worry now is that, with the government forced to pay ever higher rates just to roll over maturing debt, the debt problem itself could start to spiral. </s>"
1239,"<s>[INST] Investors have been very sensitive to any signs of dissent.  Two weeks ago, off-the-cuff remarks about the advantages of a debt moratorium by Raul Alfonsin, the [/INST]  former president and head of Mr De la Rua's own party, sent bond prices plummeting. It is highly unlikely that the government would ever willingly undertake to devalue its currency or default on its foreign obligations. </s>"
1240,"<s>[INST]  It is highly unlikely that the government would ever willingly undertake [/INST]  to devalue its currency or default on its foreign obligations. The worry now is that, with the government forced to pay ever higher rates just to roll over maturing debt, the debt problem itself could start to spiral. ""I would say that the likelihood of a rescue package being necessary has increased very substantially, because the dynamics of the market have taken on their own momentum,"" says Mr Freisinger. </s>"
1241,"<s>[INST] Two weeks ago, off-the-cuff remarks about the advantages of a debt moratorium by Raul Alfonsin, the former president and head of Mr De la Rua's own party, sent bond prices plummeting.  It is highly unlikely that the government would ever willingly undertake [/INST]  to devalue its currency or default on its foreign obligations. The worry now is that, with the government forced to pay ever higher rates just to roll over maturing debt, the debt problem itself could start to spiral. </s>"
1242,"<s>[INST]  The worry now is that, with the government forced to pay ever higher rates just [/INST]  to roll over maturing debt, the debt problem itself could start to spiral. ""I would say that the likelihood of a rescue package being necessary has increased very substantially, because the dynamics of the market have taken on their own momentum,"" says Mr Freisinger. From the IMF's point of view, however, such a rescue raises thorny issues. </s>"
1243,"<s>[INST] It is highly unlikely that the government would ever willingly undertake to devalue its currency or default on its foreign obligations.  The worry now is that, with the government forced to pay ever higher rates just [/INST]  to roll over maturing debt, the debt problem itself could start to spiral. ""I would say that the likelihood of a rescue package being necessary has increased very substantially, because the dynamics of the market have taken on their own momentum,"" says Mr Freisinger. </s>"
1244,"<s>[INST]  ""I would say that the likelihood of a rescue package being necessary has increased very substantially, [/INST]  because the dynamics of the market have taken on their own momentum,"" says Mr Freisinger. From the IMF's point of view, however, such a rescue raises thorny issues. Since the Russian crisis the IMF has tried to avoid the unconditional bailouts of the past, which were widely blamed for encouraging risky lending. </s>"
1245,"<s>[INST] The worry now is that, with the government forced to pay ever higher rates just to roll over maturing debt, the debt problem itself could start to spiral.  ""I would say that the likelihood of a rescue package being necessary has increased very substantially, [/INST]  because the dynamics of the market have taken on their own momentum,"" says Mr Freisinger. From the IMF's point of view, however, such a rescue raises thorny issues. </s>"
1246,"<s>[INST]  From the IMF's point of view, however, [/INST]  such a rescue raises thorny issues. Since the Russian crisis the IMF has tried to avoid the unconditional bailouts of the past, which were widely blamed for encouraging risky lending. In Ukraine, Pakistan and Ecuador, multilateral lenders demanded that private creditors ""share the pain"" in any rescue - and now Argentina's bondholders are frightened that they may again be asked to take a loss. </s>"
1247,"<s>[INST] ""I would say that the likelihood of a rescue package being necessary has increased very substantially, because the dynamics of the market have taken on their own momentum,"" says Mr Freisinger.  From the IMF's point of view, however, [/INST]  such a rescue raises thorny issues. Since the Russian crisis the IMF has tried to avoid the unconditional bailouts of the past, which were widely blamed for encouraging risky lending. </s>"
1248,"<s>[INST]  Since the Russian crisis the IMF has tried to avoid the unconditional bailouts [/INST]  of the past, which were widely blamed for encouraging risky lending. In Ukraine, Pakistan and Ecuador, multilateral lenders demanded that private creditors ""share the pain"" in any rescue - and now Argentina's bondholders are frightened that they may again be asked to take a loss. In Argentina's case, however, it is hard to see how the IMF could justify such a ""bail-in"". </s>"
1249,"<s>[INST] From the IMF's point of view, however, such a rescue raises thorny issues.  Since the Russian crisis the IMF has tried to avoid the unconditional bailouts [/INST]  of the past, which were widely blamed for encouraging risky lending. In Ukraine, Pakistan and Ecuador, multilateral lenders demanded that private creditors ""share the pain"" in any rescue - and now Argentina's bondholders are frightened that they may again be asked to take a loss. </s>"
1250,"<s>[INST]  In Ukraine, Pakistan and Ecuador, multilateral lenders demanded that private creditors ""share the pain"" in any rescue - [/INST]  and now Argentina's bondholders are frightened that they may again be asked to take a loss. In Argentina's case, however, it is hard to see how the IMF could justify such a ""bail-in"". In its latest report on the country, it gave Argentina as close as one could get to a clean bill of health, lauding its record on reform. </s>"
1251,"<s>[INST] Since the Russian crisis the IMF has tried to avoid the unconditional bailouts of the past, which were widely blamed for encouraging risky lending.  In Ukraine, Pakistan and Ecuador, multilateral lenders demanded that private creditors ""share the pain"" in any rescue - [/INST]  and now Argentina's bondholders are frightened that they may again be asked to take a loss. In Argentina's case, however, it is hard to see how the IMF could justify such a ""bail-in"". </s>"
1252,"<s>[INST]  In Argentina's case, however, it is hard to see [/INST]  how the IMF could justify such a ""bail-in"". In its latest report on the country, it gave Argentina as close as one could get to a clean bill of health, lauding its record on reform. It could not therefore argue that investors were rash to have lent to the country. </s>"
1253,"<s>[INST] In Ukraine, Pakistan and Ecuador, multilateral lenders demanded that private creditors ""share the pain"" in any rescue - and now Argentina's bondholders are frightened that they may again be asked to take a loss.  In Argentina's case, however, it is hard to see [/INST]  how the IMF could justify such a ""bail-in"". In its latest report on the country, it gave Argentina as close as one could get to a clean bill of health, lauding its record on reform. </s>"
1254,"<s>[INST]  In its latest report on the country, it gave Argentina as close as one [/INST]  could get to a clean bill of health, lauding its record on reform. It could not therefore argue that investors were rash to have lent to the country. For the moment, Mr De la Rua and his ministers will press on. </s>"
1255,"<s>[INST] In Argentina's case, however, it is hard to see how the IMF could justify such a ""bail-in"".  In its latest report on the country, it gave Argentina as close as one [/INST]  could get to a clean bill of health, lauding its record on reform. It could not therefore argue that investors were rash to have lent to the country. </s>"
1256,"<s>[INST]  It could not therefore argue that investors were [/INST]  rash to have lent to the country. For the moment, Mr De la Rua and his ministers will press on. Daniel Marx, the minister responsible for public debt, is confident that the government will get there. </s>"
1257,"<s>[INST] In its latest report on the country, it gave Argentina as close as one could get to a clean bill of health, lauding its record on reform.  It could not therefore argue that investors were [/INST]  rash to have lent to the country. For the moment, Mr De la Rua and his ministers will press on. </s>"
1258,"<s>[INST]  For the moment, Mr De la Rua [/INST]  and his ministers will press on. Daniel Marx, the minister responsible for public debt, is confident that the government will get there. But the one certainty - as he himself puts it - is that there will be ""some worrying times"" along the way. </s>"
1259,"<s>[INST] It could not therefore argue that investors were rash to have lent to the country.  For the moment, Mr De la Rua [/INST]  and his ministers will press on. Daniel Marx, the minister responsible for public debt, is confident that the government will get there. </s>"
1260,"<s>[INST]  Daniel Marx, the minister responsible for public debt, is [/INST]  confident that the government will get there. But the one certainty - as he himself puts it - is that there will be ""some worrying times"" along the way. Copyright Financial Times Limited 2000. </s>"
1261,"<s>[INST] For the moment, Mr De la Rua and his ministers will press on.  Daniel Marx, the minister responsible for public debt, is [/INST]  confident that the government will get there. But the one certainty - as he himself puts it - is that there will be ""some worrying times"" along the way. </s>"
1262,"<s>[INST]  But the one certainty - as he himself puts it - is [/INST]  that there will be ""some worrying times"" along the way. Copyright Financial Times Limited 2000. All Rights Reserved. </s>"
1263,"<s>[INST] Daniel Marx, the minister responsible for public debt, is confident that the government will get there.  But the one certainty - as he himself puts it - is [/INST]  that there will be ""some worrying times"" along the way. Copyright Financial Times Limited 2000. </s>"
1264,"<s>[INST]  accountid=28034 Abstract: Argentina's domestic bor-rowing costs soared at a key Treasury auction yesterday, reflecting [/INST]  a surge in investor worries over its ability to service its foreign debt. Mr [Alfons]in said he had never intended his comments to be taken seriously, but the damage was done. Domestic interest rates have soared, further damaging Argentina's embattled companies and hurting efforts to lift the economy from its slump. </s>"
1265,"<s>[INST] proquest.com/docview/248966468?  accountid=28034 Abstract: Argentina's domestic bor-rowing costs soared at a key Treasury auction yesterday, reflecting [/INST]  a surge in investor worries over its ability to service its foreign debt. Mr [Alfons]in said he had never intended his comments to be taken seriously, but the damage was done. </s>"
1266,"<s>[INST]  Mr [Alfons]in said he had never intended his comments to [/INST]  be taken seriously, but the damage was done. Domestic interest rates have soared, further damaging Argentina's embattled companies and hurting efforts to lift the economy from its slump. Copyright Financial Times Limited 2000. </s>"
1267,"<s>[INST] accountid=28034  Abstract: Argentina's domestic bor-rowing costs soared at a key Treasury auction yesterday, reflecting a surge in investor worries over its ability to service its foreign debt.  Mr [Alfons]in said he had never intended his comments to [/INST]  be taken seriously, but the damage was done. Domestic interest rates have soared, further damaging Argentina's embattled companies and hurting efforts to lift the economy from its slump. </s>"
1268,"<s>[INST]  Domestic interest rates have soared, further damaging Argentina's embattled companies and [/INST]  hurting efforts to lift the economy from its slump. Copyright Financial Times Limited 2000. All Rights Reserved. </s>"
1269,"<s>[INST] Mr [Alfons]in said he had never intended his comments to be taken seriously, but the damage was done.  Domestic interest rates have soared, further damaging Argentina's embattled companies and [/INST]  hurting efforts to lift the economy from its slump. Copyright Financial Times Limited 2000. </s>"
1270,"<s>[INST]  Full text: Argentina's domestic bor-rowing costs soared at a key Treasury auction yesterday, reflecting [/INST]  a surge in investor worries over its ability to service its foreign debt. At the closely watched auction the government was forced to pay between 13 and 16 per cent in interest to sell $1.1bn (£764m) in Treasury bills. On average, investors demanded around 3.5 percentage points more than they did at the last auction on October 24, which was already considered high. </s>"
1271,"<s>[INST] All Rights Reserved.  Full text: Argentina's domestic bor-rowing costs soared at a key Treasury auction yesterday, reflecting [/INST]  a surge in investor worries over its ability to service its foreign debt. At the closely watched auction the government was forced to pay between 13 and 16 per cent in interest to sell $1.1bn (£764m) in Treasury bills. </s>"
1272,"<s>[INST]  At the closely watched auction the government was forced to pay between 13 and [/INST]  16 per cent in interest to sell $1.1bn (£764m) in Treasury bills. On average, investors demanded around 3.5 percentage points more than they did at the last auction on October 24, which was already considered high. Following more than two years of economic stagnation, investors are worried that Argentina faces difficulties making interest payments on its $123.5bn in foreign debt. </s>"
1273,"<s>[INST] Full text: Argentina's domestic bor-rowing costs soared at a key Treasury auction yesterday, reflecting a surge in investor worries over its ability to service its foreign debt.  At the closely watched auction the government was forced to pay between 13 and [/INST]  16 per cent in interest to sell $1.1bn (£764m) in Treasury bills. On average, investors demanded around 3.5 percentage points more than they did at the last auction on October 24, which was already considered high. </s>"
1274,"<s>[INST]  On average, investors demanded around 3.5 percentage points more than they did at [/INST]  the last auction on October 24, which was already considered high. Following more than two years of economic stagnation, investors are worried that Argentina faces difficulties making interest payments on its $123.5bn in foreign debt. The country must raise nearly $20bn next year at a time when capital markets are hostile towards emerging-market countries. </s>"
1275,"<s>[INST] At the closely watched auction the government was forced to pay between 13 and 16 per cent in interest to sell $1.1bn (£764m) in Treasury bills.  On average, investors demanded around 3.5 percentage points more than they did at [/INST]  the last auction on October 24, which was already considered high. Following more than two years of economic stagnation, investors are worried that Argentina faces difficulties making interest payments on its $123.5bn in foreign debt. </s>"
1276,"<s>[INST]  Following more than two years of economic stagnation, investors are worried that Argentina [/INST]  faces difficulties making interest payments on its $123.5bn in foreign debt. The country must raise nearly $20bn next year at a time when capital markets are hostile towards emerging-market countries. In Argentina political upheaval has combined with comments by a former president on the foreign debt to unsettle international investors. </s>"
1277,"<s>[INST] On average, investors demanded around 3.5 percentage points more than they did at the last auction on October 24, which was already considered high.  Following more than two years of economic stagnation, investors are worried that Argentina [/INST]  faces difficulties making interest payments on its $123.5bn in foreign debt. The country must raise nearly $20bn next year at a time when capital markets are hostile towards emerging-market countries. </s>"
1278,<s>[INST]  The country must raise nearly $20bn next year at a [/INST]  time when capital markets are hostile towards emerging-market countries. In Argentina political upheaval has combined with comments by a former president on the foreign debt to unsettle international investors. Spreads on a basket of Argentine bonds tracked by J.P. Morgan have shot out by about 230 basis points in the past month. </s>
1279,"<s>[INST] Following more than two years of economic stagnation, investors are worried that Argentina faces difficulties making interest payments on its $123.5bn in foreign debt.  The country must raise nearly $20bn next year at a [/INST]  time when capital markets are hostile towards emerging-market countries. In Argentina political upheaval has combined with comments by a former president on the foreign debt to unsettle international investors. </s>"
1280,"<s>[INST]  In Argentina political upheaval has combined with comments by a former [/INST]  president on the foreign debt to unsettle international investors. Spreads on a basket of Argentine bonds tracked by J.P. Morgan have shot out by about 230 basis points in the past month. Given the difficulties in international capital markets, the government was seeking to raise about $4bn at home next year. </s>"
1281,<s>[INST] The country must raise nearly $20bn next year at a time when capital markets are hostile towards emerging-market countries.  In Argentina political upheaval has combined with comments by a former [/INST]  president on the foreign debt to unsettle international investors. Spreads on a basket of Argentine bonds tracked by J.P. Morgan have shot out by about 230 basis points in the past month. </s>
1282,"<s>[INST]  Spreads on a basket of Argentine bonds tracked by J.P. Morgan have [/INST]  shot out by about 230 basis points in the past month. Given the difficulties in international capital markets, the government was seeking to raise about $4bn at home next year. However, yesterday's auction has cast doubt over its ability to secure affordable financing. </s>"
1283,"<s>[INST] In Argentina political upheaval has combined with comments by a former president on the foreign debt to unsettle international investors.  Spreads on a basket of Argentine bonds tracked by J.P. Morgan have [/INST]  shot out by about 230 basis points in the past month. Given the difficulties in international capital markets, the government was seeking to raise about $4bn at home next year. </s>"
1284,"<s>[INST]  Given the difficulties in international capital markets, the government was [/INST]  seeking to raise about $4bn at home next year. However, yesterday's auction has cast doubt over its ability to secure affordable financing. ""It has raised a question mark over the government's local financing component, which before the recent deterioration had been taken for granted,"" said Francis Freisinger, senior Latin American economist at Merrill Lynch. </s>"
1285,"<s>[INST] Spreads on a basket of Argentine bonds tracked by J.P. Morgan have shot out by about 230 basis points in the past month.  Given the difficulties in international capital markets, the government was [/INST]  seeking to raise about $4bn at home next year. However, yesterday's auction has cast doubt over its ability to secure affordable financing. </s>"
1286,"<s>[INST]  However, yesterday's auction has cast doubt over [/INST]  its ability to secure affordable financing. ""It has raised a question mark over the government's local financing component, which before the recent deterioration had been taken for granted,"" said Francis Freisinger, senior Latin American economist at Merrill Lynch. The resignation of Vice-President Carlos Alvarez on October 5 raised fears that the governing coalition might come apart. </s>"
1287,"<s>[INST] Given the difficulties in international capital markets, the government was seeking to raise about $4bn at home next year.  However, yesterday's auction has cast doubt over [/INST]  its ability to secure affordable financing. ""It has raised a question mark over the government's local financing component, which before the recent deterioration had been taken for granted,"" said Francis Freisinger, senior Latin American economist at Merrill Lynch. </s>"
1288,"<s>[INST]  ""It has raised a question mark over the government's local financing component, which before the recent deterioration [/INST]  had been taken for granted,"" said Francis Freisinger, senior Latin American economist at Merrill Lynch. The resignation of Vice-President Carlos Alvarez on October 5 raised fears that the governing coalition might come apart. Then, as the situation calmed, Raul Alfonsin, the former president, made comments interpreted by many as a call for a two-year moratorium on foreign debt payments. </s>"
1289,"<s>[INST] However, yesterday's auction has cast doubt over its ability to secure affordable financing.  ""It has raised a question mark over the government's local financing component, which before the recent deterioration [/INST]  had been taken for granted,"" said Francis Freisinger, senior Latin American economist at Merrill Lynch. The resignation of Vice-President Carlos Alvarez on October 5 raised fears that the governing coalition might come apart. </s>"
1290,"<s>[INST]  The resignation of Vice-President Carlos Alvarez on October 5 raised [/INST]  fears that the governing coalition might come apart. Then, as the situation calmed, Raul Alfonsin, the former president, made comments interpreted by many as a call for a two-year moratorium on foreign debt payments. Mr Alfonsin said he had never intended his comments to be taken seriously, but the damage was done. </s>"
1291,"<s>[INST] ""It has raised a question mark over the government's local financing component, which before the recent deterioration had been taken for granted,"" said Francis Freisinger, senior Latin American economist at Merrill Lynch.  The resignation of Vice-President Carlos Alvarez on October 5 raised [/INST]  fears that the governing coalition might come apart. Then, as the situation calmed, Raul Alfonsin, the former president, made comments interpreted by many as a call for a two-year moratorium on foreign debt payments. </s>"
1292,"<s>[INST]  Then, as the situation calmed, Raul Alfonsin, the former president, made comments interpreted by [/INST]  many as a call for a two-year moratorium on foreign debt payments. Mr Alfonsin said he had never intended his comments to be taken seriously, but the damage was done. Domestic interest rates have soared, further damaging Argentina's embattled companies and hurting efforts to lift the economy from its slump. </s>"
1293,"<s>[INST] The resignation of Vice-President Carlos Alvarez on October 5 raised fears that the governing coalition might come apart.  Then, as the situation calmed, Raul Alfonsin, the former president, made comments interpreted by [/INST]  many as a call for a two-year moratorium on foreign debt payments. Mr Alfonsin said he had never intended his comments to be taken seriously, but the damage was done. </s>"
1294,"<s>[INST]  Mr Alfonsin said he had never intended his comments to [/INST]  be taken seriously, but the damage was done. Domestic interest rates have soared, further damaging Argentina's embattled companies and hurting efforts to lift the economy from its slump. Copyright Financial Times Limited 2000. </s>"
1295,"<s>[INST] Then, as the situation calmed, Raul Alfonsin, the former president, made comments interpreted by many as a call for a two-year moratorium on foreign debt payments.  Mr Alfonsin said he had never intended his comments to [/INST]  be taken seriously, but the damage was done. Domestic interest rates have soared, further damaging Argentina's embattled companies and hurting efforts to lift the economy from its slump. </s>"
1296,"<s>[INST]  Domestic interest rates have soared, further damaging Argentina's embattled companies and [/INST]  hurting efforts to lift the economy from its slump. Copyright Financial Times Limited 2000. All Rights Reserved. </s>"
1297,"<s>[INST] Mr Alfonsin said he had never intended his comments to be taken seriously, but the damage was done.  Domestic interest rates have soared, further damaging Argentina's embattled companies and [/INST]  hurting efforts to lift the economy from its slump. Copyright Financial Times Limited 2000. </s>"
1298,"<s>[INST]  accountid=28034 Abstract: That was before April's correction in the Nasdaq which, as elsewhere, [/INST]  brought the euphoria of the Argentine internet party to an abrupt halt. Mr [Guillermo Bort] and others now estimate that the proportion of Argentina's internet businesses is likely to be substantially smaller. Well, it seems that even after the market called an end to the internet party, there are important factors that make Argentina an attractive place to set up shop - factors that help explain why Argentina has played a larger role in the development of the internet in the region than one would expect, given the size of its economy. </s>"
1299,"<s>[INST] proquest.com/docview/249053802?  accountid=28034 Abstract: That was before April's correction in the Nasdaq which, as elsewhere, [/INST]  brought the euphoria of the Argentine internet party to an abrupt halt. Mr [Guillermo Bort] and others now estimate that the proportion of Argentina's internet businesses is likely to be substantially smaller. </s>"
1300,"<s>[INST]  Mr [Guillermo Bort] and others now estimate that the proportion of [/INST]  Argentina's internet businesses is likely to be substantially smaller. Well, it seems that even after the market called an end to the internet party, there are important factors that make Argentina an attractive place to set up shop - factors that help explain why Argentina has played a larger role in the development of the internet in the region than one would expect, given the size of its economy. One factor is the level of education, which is still far in advance of other many Latin American nations. </s>"
1301,"<s>[INST] accountid=28034  Abstract: That was before April's correction in the Nasdaq which, as elsewhere, brought the euphoria of the Argentine internet party to an abrupt halt.  Mr [Guillermo Bort] and others now estimate that the proportion of [/INST]  Argentina's internet businesses is likely to be substantially smaller. Well, it seems that even after the market called an end to the internet party, there are important factors that make Argentina an attractive place to set up shop - factors that help explain why Argentina has played a larger role in the development of the internet in the region than one would expect, given the size of its economy. </s>"
1302,"<s>[INST]  Well, it seems that even after the market called an end to the internet party, there are important factors that make Argentina an attractive place to set up shop - factors [/INST]  that help explain why Argentina has played a larger role in the development of the internet in the region than one would expect, given the size of its economy. One factor is the level of education, which is still far in advance of other many Latin American nations. An internet company looking for technology talent could do far worse than find a home in Argentina, particularly when such brains are in short supply in the US. </s>"
1303,"<s>[INST] Mr [Guillermo Bort] and others now estimate that the proportion of Argentina's internet businesses is likely to be substantially smaller.  Well, it seems that even after the market called an end to the internet party, there are important factors that make Argentina an attractive place to set up shop - factors [/INST]  that help explain why Argentina has played a larger role in the development of the internet in the region than one would expect, given the size of its economy. One factor is the level of education, which is still far in advance of other many Latin American nations. </s>"
1304,"<s>[INST]  One factor is the level of education, which is still [/INST]  far in advance of other many Latin American nations. An internet company looking for technology talent could do far worse than find a home in Argentina, particularly when such brains are in short supply in the US. Following April's Nasdaq correction, many financiers who jumped upon the internet bandwagon in Argentina are now going back to their roots. </s>"
1305,"<s>[INST] Well, it seems that even after the market called an end to the internet party, there are important factors that make Argentina an attractive place to set up shop - factors that help explain why Argentina has played a larger role in the development of the internet in the region than one would expect, given the size of its economy.  One factor is the level of education, which is still [/INST]  far in advance of other many Latin American nations. An internet company looking for technology talent could do far worse than find a home in Argentina, particularly when such brains are in short supply in the US. </s>"
1306,"<s>[INST]  An internet company looking for technology talent could do far worse than find a home [/INST]  in Argentina, particularly when such brains are in short supply in the US. Following April's Nasdaq correction, many financiers who jumped upon the internet bandwagon in Argentina are now going back to their roots. That has left many internet companies, such as Latinstocks.com, adrift and struggling for survival. </s>"
1307,"<s>[INST] One factor is the level of education, which is still far in advance of other many Latin American nations.  An internet company looking for technology talent could do far worse than find a home [/INST]  in Argentina, particularly when such brains are in short supply in the US. Following April's Nasdaq correction, many financiers who jumped upon the internet bandwagon in Argentina are now going back to their roots. </s>"
1308,"<s>[INST]  Following April's Nasdaq correction, many financiers who jumped upon the internet [/INST]  bandwagon in Argentina are now going back to their roots. That has left many internet companies, such as Latinstocks.com, adrift and struggling for survival. The ambitious financial site recently laid off much of its staff after the Argentine investment fund Exxel Group decided to get out of internet investing. </s>"
1309,"<s>[INST] An internet company looking for technology talent could do far worse than find a home in Argentina, particularly when such brains are in short supply in the US.  Following April's Nasdaq correction, many financiers who jumped upon the internet [/INST]  bandwagon in Argentina are now going back to their roots. That has left many internet companies, such as Latinstocks.com, adrift and struggling for survival. </s>"
1310,"<s>[INST]  That has left many internet companies, such as [/INST]  Latinstocks.com, adrift and struggling for survival. The ambitious financial site recently laid off much of its staff after the Argentine investment fund Exxel Group decided to get out of internet investing. Full text: When internet euphoria swept through Latin America, perhaps nowhere was it felt more strongly than in Argentina. </s>"
1311,"<s>[INST] Following April's Nasdaq correction, many financiers who jumped upon the internet bandwagon in Argentina are now going back to their roots.  That has left many internet companies, such as [/INST]  Latinstocks.com, adrift and struggling for survival. The ambitious financial site recently laid off much of its staff after the Argentine investment fund Exxel Group decided to get out of internet investing. </s>"
1312,"<s>[INST]  The ambitious financial site recently laid off much of its staff after the [/INST]  Argentine investment fund Exxel Group decided to get out of internet investing. Full text: When internet euphoria swept through Latin America, perhaps nowhere was it felt more strongly than in Argentina. The country quickly racked up the fifth largest number of domain names in the world, and hardly a day seemed to go by when a new company did not open its virtual doors to the public. </s>"
1313,"<s>[INST] That has left many internet companies, such as Latinstocks.com, adrift and struggling for survival.  The ambitious financial site recently laid off much of its staff after the [/INST]  Argentine investment fund Exxel Group decided to get out of internet investing. Full text: When internet euphoria swept through Latin America, perhaps nowhere was it felt more strongly than in Argentina. </s>"
1314,"<s>[INST]  Full text: When internet euphoria swept through Latin America, perhaps [/INST]  nowhere was it felt more strongly than in Argentina. The country quickly racked up the fifth largest number of domain names in the world, and hardly a day seemed to go by when a new company did not open its virtual doors to the public. At the various investor conferences hastily assembled in New York and Miami to cater to the sudden interest in Latin American internet, it seemed that a disproportionate number of attendees were speaking in Argentine accents. </s>"
1315,"<s>[INST] The ambitious financial site recently laid off much of its staff after the Argentine investment fund Exxel Group decided to get out of internet investing.  Full text: When internet euphoria swept through Latin America, perhaps [/INST]  nowhere was it felt more strongly than in Argentina. The country quickly racked up the fifth largest number of domain names in the world, and hardly a day seemed to go by when a new company did not open its virtual doors to the public. </s>"
1316,"<s>[INST]  The country quickly racked up the fifth largest number of domain names in the world, and hardly a day [/INST]  seemed to go by when a new company did not open its virtual doors to the public. At the various investor conferences hastily assembled in New York and Miami to cater to the sudden interest in Latin American internet, it seemed that a disproportionate number of attendees were speaking in Argentine accents. One person who noticed the trend was Guillermo Bort, Microsoft's chief of business development for the Southern Cone. </s>"
1317,"<s>[INST] Full text: When internet euphoria swept through Latin America, perhaps nowhere was it felt more strongly than in Argentina.  The country quickly racked up the fifth largest number of domain names in the world, and hardly a day [/INST]  seemed to go by when a new company did not open its virtual doors to the public. At the various investor conferences hastily assembled in New York and Miami to cater to the sudden interest in Latin American internet, it seemed that a disproportionate number of attendees were speaking in Argentine accents. </s>"
1318,"<s>[INST]  At the various investor conferences hastily assembled in New York and Miami to cater to the sudden interest [/INST]  in Latin American internet, it seemed that a disproportionate number of attendees were speaking in Argentine accents. One person who noticed the trend was Guillermo Bort, Microsoft's chief of business development for the Southern Cone. To test out his hunch, he ran an analysis of the company's database. </s>"
1319,"<s>[INST] The country quickly racked up the fifth largest number of domain names in the world, and hardly a day seemed to go by when a new company did not open its virtual doors to the public.  At the various investor conferences hastily assembled in New York and Miami to cater to the sudden interest [/INST]  in Latin American internet, it seemed that a disproportionate number of attendees were speaking in Argentine accents. One person who noticed the trend was Guillermo Bort, Microsoft's chief of business development for the Southern Cone. </s>"
1320,"<s>[INST]  One person who noticed the trend was Guillermo Bort, Microsoft's [/INST]  chief of business development for the Southern Cone. To test out his hunch, he ran an analysis of the company's database. What he found was that over half of all Latin American internet sites - in Spanish or Portuguese - had originated in Argentina. </s>"
1321,"<s>[INST] At the various investor conferences hastily assembled in New York and Miami to cater to the sudden interest in Latin American internet, it seemed that a disproportionate number of attendees were speaking in Argentine accents.  One person who noticed the trend was Guillermo Bort, Microsoft's [/INST]  chief of business development for the Southern Cone. To test out his hunch, he ran an analysis of the company's database. </s>"
1322,"<s>[INST]  To test out his hunch, he ran [/INST]  an analysis of the company's database. What he found was that over half of all Latin American internet sites - in Spanish or Portuguese - had originated in Argentina. That was before April's correction in the Nasdaq which, as elsewhere, brought the euphoria of the Argentine internet party to an abrupt halt. </s>"
1323,"<s>[INST] One person who noticed the trend was Guillermo Bort, Microsoft's chief of business development for the Southern Cone.  To test out his hunch, he ran [/INST]  an analysis of the company's database. What he found was that over half of all Latin American internet sites - in Spanish or Portuguese - had originated in Argentina. </s>"
1324,"<s>[INST]  What he found was that over half of all Latin American internet [/INST]  sites - in Spanish or Portuguese - had originated in Argentina. That was before April's correction in the Nasdaq which, as elsewhere, brought the euphoria of the Argentine internet party to an abrupt halt. Mr Bort and others now estimate that the proportion of Argentina's internet businesses is likely to be substantially smaller. </s>"
1325,"<s>[INST] To test out his hunch, he ran an analysis of the company's database.  What he found was that over half of all Latin American internet [/INST]  sites - in Spanish or Portuguese - had originated in Argentina. That was before April's correction in the Nasdaq which, as elsewhere, brought the euphoria of the Argentine internet party to an abrupt halt. </s>"
1326,"<s>[INST]  That was before April's correction in the Nasdaq which, as elsewhere, brought [/INST]  the euphoria of the Argentine internet party to an abrupt halt. Mr Bort and others now estimate that the proportion of Argentina's internet businesses is likely to be substantially smaller. Now the noise has subsided, however, it is useful to see what has really been left behind in Argentina; what was not nourished merely by hype. </s>"
1327,"<s>[INST] What he found was that over half of all Latin American internet sites - in Spanish or Portuguese - had originated in Argentina.  That was before April's correction in the Nasdaq which, as elsewhere, brought [/INST]  the euphoria of the Argentine internet party to an abrupt halt. Mr Bort and others now estimate that the proportion of Argentina's internet businesses is likely to be substantially smaller. </s>"
1328,"<s>[INST]  Mr Bort and others now estimate that the proportion of [/INST]  Argentina's internet businesses is likely to be substantially smaller. Now the noise has subsided, however, it is useful to see what has really been left behind in Argentina; what was not nourished merely by hype. The answer is that there are still some deals getting done, though fewer and at far more realistic valuations. </s>"
1329,"<s>[INST] That was before April's correction in the Nasdaq which, as elsewhere, brought the euphoria of the Argentine internet party to an abrupt halt.  Mr Bort and others now estimate that the proportion of [/INST]  Argentina's internet businesses is likely to be substantially smaller. Now the noise has subsided, however, it is useful to see what has really been left behind in Argentina; what was not nourished merely by hype. </s>"
1330,"<s>[INST]  Now the noise has subsided, however, it is useful to see what has really [/INST]  been left behind in Argentina; what was not nourished merely by hype. The answer is that there are still some deals getting done, though fewer and at far more realistic valuations. And they are likely to be ideas that have global - not just regional - ambitions. </s>"
1331,"<s>[INST] Mr Bort and others now estimate that the proportion of Argentina's internet businesses is likely to be substantially smaller.  Now the noise has subsided, however, it is useful to see what has really [/INST]  been left behind in Argentina; what was not nourished merely by hype. The answer is that there are still some deals getting done, though fewer and at far more realistic valuations. </s>"
1332,"<s>[INST]  The answer is that there are still some deals getting [/INST]  done, though fewer and at far more realistic valuations. And they are likely to be ideas that have global - not just regional - ambitions. Gustavo Garrido, a partner at Buenos Aires law firm Allende & Brea, says that of the 228 internet start-ups they work with, 10 are currently negotiating a round of financing. </s>"
1333,"<s>[INST] Now the noise has subsided, however, it is useful to see what has really been left behind in Argentina; what was not nourished merely by hype.  The answer is that there are still some deals getting [/INST]  done, though fewer and at far more realistic valuations. And they are likely to be ideas that have global - not just regional - ambitions. </s>"
1334,"<s>[INST]  And they are likely to be ideas that have [/INST]  global - not just regional - ambitions. Gustavo Garrido, a partner at Buenos Aires law firm Allende & Brea, says that of the 228 internet start-ups they work with, 10 are currently negotiating a round of financing. The principal areas of interest are infrastructure, software and wireless. </s>"
1335,"<s>[INST] The answer is that there are still some deals getting done, though fewer and at far more realistic valuations.  And they are likely to be ideas that have [/INST]  global - not just regional - ambitions. Gustavo Garrido, a partner at Buenos Aires law firm Allende & Brea, says that of the 228 internet start-ups they work with, 10 are currently negotiating a round of financing. </s>"
1336,"<s>[INST]  Gustavo Garrido, a partner at Buenos Aires law firm Allende & Brea, says that of the [/INST]  228 internet start-ups they work with, 10 are currently negotiating a round of financing. The principal areas of interest are infrastructure, software and wireless. In other words, they are now far less likely to be the regional, content-driven sites that used to stimulate such excitement in Argentina, and more likely to be good ideas that just happen to be based in Buenos Aires. </s>"
1337,"<s>[INST] And they are likely to be ideas that have global - not just regional - ambitions.  Gustavo Garrido, a partner at Buenos Aires law firm Allende & Brea, says that of the [/INST]  228 internet start-ups they work with, 10 are currently negotiating a round of financing. The principal areas of interest are infrastructure, software and wireless. </s>"
1338,"<s>[INST]  In other words, they are now far less likely to be the regional, content-driven sites that used to stimulate such [/INST]  excitement in Argentina, and more likely to be good ideas that just happen to be based in Buenos Aires. Why Buenos Aires? Well, it seems that even after the market called an end to the internet party, there are important factors that make Argentina an attractive place to set up shop - factors that help explain why Argentina has played a larger role in the development of the internet in the region than one would expect, given the size of its economy. </s>"
1339,"<s>[INST] The principal areas of interest are infrastructure, software and wireless.  In other words, they are now far less likely to be the regional, content-driven sites that used to stimulate such [/INST]  excitement in Argentina, and more likely to be good ideas that just happen to be based in Buenos Aires. Why Buenos Aires? </s>"
1340,"<s>[INST]  Well, it seems that even after the market called an end to the internet party, there are important factors that make Argentina an attractive place to set up shop - factors [/INST]  that help explain why Argentina has played a larger role in the development of the internet in the region than one would expect, given the size of its economy. One factor is the level of education, which is still far in advance of other many Latin American nations. An internet company looking for technology talent could do far worse than find a home in Argentina, particularly when such brains are in short supply in the US. </s>"
1341,"<s>[INST] Why Buenos Aires?  Well, it seems that even after the market called an end to the internet party, there are important factors that make Argentina an attractive place to set up shop - factors [/INST]  that help explain why Argentina has played a larger role in the development of the internet in the region than one would expect, given the size of its economy. One factor is the level of education, which is still far in advance of other many Latin American nations. </s>"
1342,"<s>[INST]  One factor is the level of education, which is still [/INST]  far in advance of other many Latin American nations. An internet company looking for technology talent could do far worse than find a home in Argentina, particularly when such brains are in short supply in the US. Infrastructure changes Second, the communications infrastructure is relatively advanced. </s>"
1343,"<s>[INST] Well, it seems that even after the market called an end to the internet party, there are important factors that make Argentina an attractive place to set up shop - factors that help explain why Argentina has played a larger role in the development of the internet in the region than one would expect, given the size of its economy.  One factor is the level of education, which is still [/INST]  far in advance of other many Latin American nations. An internet company looking for technology talent could do far worse than find a home in Argentina, particularly when such brains are in short supply in the US. </s>"
1344,"<s>[INST]  An internet company looking for technology talent could do far worse than find a home [/INST]  in Argentina, particularly when such brains are in short supply in the US. Infrastructure changes Second, the communications infrastructure is relatively advanced. Phones are, by and large, dependable, and the ongoing deregulation of services is set to cut costs sharply. </s>"
1345,"<s>[INST] One factor is the level of education, which is still far in advance of other many Latin American nations.  An internet company looking for technology talent could do far worse than find a home [/INST]  in Argentina, particularly when such brains are in short supply in the US. Infrastructure changes Second, the communications infrastructure is relatively advanced. </s>"
1346,"<s>[INST]  Phones are, by and large, dependable, and the ongoing deregulation [/INST]  of services is set to cut costs sharply. As for broadband infrastructure, hardly a day seems to go by when one of the many companies wiring up South America doesn't dig up a street to lay more fibre optic cable. In that sense, Argentina also has an advantage. </s>"
1347,"<s>[INST] Infrastructure changes Second, the communications infrastructure is relatively advanced.  Phones are, by and large, dependable, and the ongoing deregulation [/INST]  of services is set to cut costs sharply. As for broadband infrastructure, hardly a day seems to go by when one of the many companies wiring up South America doesn't dig up a street to lay more fibre optic cable. </s>"
1348,"<s>[INST]  As for broadband infrastructure, hardly a day seems to go by when one of the many companies [/INST]  wiring up South America doesn't dig up a street to lay more fibre optic cable. In that sense, Argentina also has an advantage. The country has among the highest penetrations of cable television in the world - which, with some tweaking, can become the broadband network of tomorrow. </s>"
1349,"<s>[INST] Phones are, by and large, dependable, and the ongoing deregulation of services is set to cut costs sharply.  As for broadband infrastructure, hardly a day seems to go by when one of the many companies [/INST]  wiring up South America doesn't dig up a street to lay more fibre optic cable. In that sense, Argentina also has an advantage. </s>"
1350,"<s>[INST]  The country has among the highest penetrations of cable television in the world [/INST]  - which, with some tweaking, can become the broadband network of tomorrow. ""Infrastructure is changing dramatically,"" said Jan Boyer, chief executive officer of Softbank Latin American Ventures. ""As of today, it shouldn't make a difference whether you're in Buenos Aires or Miami"". </s>"
1351,"<s>[INST] In that sense, Argentina also has an advantage.  The country has among the highest penetrations of cable television in the world [/INST]  - which, with some tweaking, can become the broadband network of tomorrow. ""Infrastructure is changing dramatically,"" said Jan Boyer, chief executive officer of Softbank Latin American Ventures. </s>"
1352,"<s>[INST]  ""Infrastructure is changing dramatically,"" said Jan Boyer, chief [/INST]  executive officer of Softbank Latin American Ventures. ""As of today, it shouldn't make a difference whether you're in Buenos Aires or Miami"". But looking for explanations often implies falling back on softer cultural explanations, and it seems that for many Argentines, the internet was precisely the right thing at the right time. </s>"
1353,"<s>[INST] The country has among the highest penetrations of cable television in the world - which, with some tweaking, can become the broadband network of tomorrow.  ""Infrastructure is changing dramatically,"" said Jan Boyer, chief [/INST]  executive officer of Softbank Latin American Ventures. ""As of today, it shouldn't make a difference whether you're in Buenos Aires or Miami"". </s>"
1354,"<s>[INST]  ""As of today, it shouldn't make a difference [/INST]  whether you're in Buenos Aires or Miami"". But looking for explanations often implies falling back on softer cultural explanations, and it seems that for many Argentines, the internet was precisely the right thing at the right time. The burst of new companies in the past couple of years showed that the entrepreneurial spirit in Argentina was alive and well, but had mainly been held back by the country's chronic lack of financing. </s>"
1355,"<s>[INST] ""Infrastructure is changing dramatically,"" said Jan Boyer, chief executive officer of Softbank Latin American Ventures.  ""As of today, it shouldn't make a difference [/INST]  whether you're in Buenos Aires or Miami"". But looking for explanations often implies falling back on softer cultural explanations, and it seems that for many Argentines, the internet was precisely the right thing at the right time. </s>"
1356,"<s>[INST]  But looking for explanations often implies falling back on softer cultural explanations, and it seems that [/INST]  for many Argentines, the internet was precisely the right thing at the right time. The burst of new companies in the past couple of years showed that the entrepreneurial spirit in Argentina was alive and well, but had mainly been held back by the country's chronic lack of financing. Even with a banking system awash with liquidity, there is precious little lending to small companies and virtually no local equity markets to speak of. </s>"
1357,"<s>[INST] ""As of today, it shouldn't make a difference whether you're in Buenos Aires or Miami"".  But looking for explanations often implies falling back on softer cultural explanations, and it seems that [/INST]  for many Argentines, the internet was precisely the right thing at the right time. The burst of new companies in the past couple of years showed that the entrepreneurial spirit in Argentina was alive and well, but had mainly been held back by the country's chronic lack of financing. </s>"
1358,"<s>[INST]  The burst of new companies in the past couple of years showed that the entrepreneurial spirit in Argentina [/INST]  was alive and well, but had mainly been held back by the country's chronic lack of financing. Even with a banking system awash with liquidity, there is precious little lending to small companies and virtually no local equity markets to speak of. A sudden influx of venture capital, then, enabled a generation of young entrepreneurs to finally take a crack at their idea. </s>"
1359,"<s>[INST] But looking for explanations often implies falling back on softer cultural explanations, and it seems that for many Argentines, the internet was precisely the right thing at the right time.  The burst of new companies in the past couple of years showed that the entrepreneurial spirit in Argentina [/INST]  was alive and well, but had mainly been held back by the country's chronic lack of financing. Even with a banking system awash with liquidity, there is precious little lending to small companies and virtually no local equity markets to speak of. </s>"
1360,"<s>[INST]  Even with a banking system awash with liquidity, there is precious little lending [/INST]  to small companies and virtually no local equity markets to speak of. A sudden influx of venture capital, then, enabled a generation of young entrepreneurs to finally take a crack at their idea. ""The internet has become the spark that enables potential entrepreneurs to take the proverbial plunge,"" says Softbank's Mr Boyer. </s>"
1361,"<s>[INST] The burst of new companies in the past couple of years showed that the entrepreneurial spirit in Argentina was alive and well, but had mainly been held back by the country's chronic lack of financing.  Even with a banking system awash with liquidity, there is precious little lending [/INST]  to small companies and virtually no local equity markets to speak of. A sudden influx of venture capital, then, enabled a generation of young entrepreneurs to finally take a crack at their idea. </s>"
1362,"<s>[INST]  A sudden influx of venture capital, then, enabled a generation of [/INST]  young entrepreneurs to finally take a crack at their idea. ""The internet has become the spark that enables potential entrepreneurs to take the proverbial plunge,"" says Softbank's Mr Boyer. ""Before, there just wouldn't have been the receptivity to it"". </s>"
1363,"<s>[INST] Even with a banking system awash with liquidity, there is precious little lending to small companies and virtually no local equity markets to speak of.  A sudden influx of venture capital, then, enabled a generation of [/INST]  young entrepreneurs to finally take a crack at their idea. ""The internet has become the spark that enables potential entrepreneurs to take the proverbial plunge,"" says Softbank's Mr Boyer. </s>"
1364,"<s>[INST]  ""The internet has become the spark that enables potential entrepreneurs [/INST]  to take the proverbial plunge,"" says Softbank's Mr Boyer. ""Before, there just wouldn't have been the receptivity to it"". Daniel Korn, a US lawyer at Allende & Brea, puts it another way: ""By looking at our clients, there is, I think, a sense that this might be a way out for a person who's always wanted to be their own boss. </s>"
1365,"<s>[INST] A sudden influx of venture capital, then, enabled a generation of young entrepreneurs to finally take a crack at their idea.  ""The internet has become the spark that enables potential entrepreneurs [/INST]  to take the proverbial plunge,"" says Softbank's Mr Boyer. ""Before, there just wouldn't have been the receptivity to it"". </s>"
1366,"<s>[INST]  Daniel Korn, a US lawyer at Allende & Brea, puts it another way: ""By looking at our clients, there is, I think, [/INST]  a sense that this might be a way out for a person who's always wanted to be their own boss. Every taxi driver has a vision for a company or an idea, but somehow the economy never made it possible"". Aspiring entrepreneurs have also had some important role models to look to, such as Wenceslao Casares of financial site Patagon.com and Roberto Cibrian of El Sitio. </s>"
1367,"<s>[INST] ""Before, there just wouldn't have been the receptivity to it"".  Daniel Korn, a US lawyer at Allende & Brea, puts it another way: ""By looking at our clients, there is, I think, [/INST]  a sense that this might be a way out for a person who's always wanted to be their own boss. Every taxi driver has a vision for a company or an idea, but somehow the economy never made it possible"". </s>"
1368,"<s>[INST]  Every taxi driver has a vision for a company or an [/INST]  idea, but somehow the economy never made it possible"". Aspiring entrepreneurs have also had some important role models to look to, such as Wenceslao Casares of financial site Patagon.com and Roberto Cibrian of El Sitio. Following April's Nasdaq correction, many financiers who jumped upon the internet bandwagon in Argentina are now going back to their roots. </s>"
1369,"<s>[INST] Daniel Korn, a US lawyer at Allende & Brea, puts it another way: ""By looking at our clients, there is, I think, a sense that this might be a way out for a person who's always wanted to be their own boss.  Every taxi driver has a vision for a company or an [/INST]  idea, but somehow the economy never made it possible"". Aspiring entrepreneurs have also had some important role models to look to, such as Wenceslao Casares of financial site Patagon.com and Roberto Cibrian of El Sitio. </s>"
1370,"<s>[INST]  Aspiring entrepreneurs have also had some important role models to look to, such as [/INST]  Wenceslao Casares of financial site Patagon.com and Roberto Cibrian of El Sitio. Following April's Nasdaq correction, many financiers who jumped upon the internet bandwagon in Argentina are now going back to their roots. That has left many internet companies, such as Latinstocks.com, adrift and struggling for survival. </s>"
1371,"<s>[INST] Every taxi driver has a vision for a company or an idea, but somehow the economy never made it possible"".  Aspiring entrepreneurs have also had some important role models to look to, such as [/INST]  Wenceslao Casares of financial site Patagon.com and Roberto Cibrian of El Sitio. Following April's Nasdaq correction, many financiers who jumped upon the internet bandwagon in Argentina are now going back to their roots. </s>"
1372,"<s>[INST]  Following April's Nasdaq correction, many financiers who jumped upon the internet [/INST]  bandwagon in Argentina are now going back to their roots. That has left many internet companies, such as Latinstocks.com, adrift and struggling for survival. The ambitious financial site recently laid off much of its staff after the Argentine investment fund Exxel Group decided to get out of internet investing. </s>"
1373,"<s>[INST] Aspiring entrepreneurs have also had some important role models to look to, such as Wenceslao Casares of financial site Patagon.com and Roberto Cibrian of El Sitio.  Following April's Nasdaq correction, many financiers who jumped upon the internet [/INST]  bandwagon in Argentina are now going back to their roots. That has left many internet companies, such as Latinstocks.com, adrift and struggling for survival. </s>"
1374,"<s>[INST]  That has left many internet companies, such as [/INST]  Latinstocks.com, adrift and struggling for survival. The ambitious financial site recently laid off much of its staff after the Argentine investment fund Exxel Group decided to get out of internet investing. But a handful of early-stage venture capital investors remain, including Softbank, Chase Capital Partners, Lieberman Group and Pegasus Venture Capital. </s>"
1375,"<s>[INST] Following April's Nasdaq correction, many financiers who jumped upon the internet bandwagon in Argentina are now going back to their roots.  That has left many internet companies, such as [/INST]  Latinstocks.com, adrift and struggling for survival. The ambitious financial site recently laid off much of its staff after the Argentine investment fund Exxel Group decided to get out of internet investing. </s>"
1376,"<s>[INST]  The ambitious financial site recently laid off much of its staff after the [/INST]  Argentine investment fund Exxel Group decided to get out of internet investing. But a handful of early-stage venture capital investors remain, including Softbank, Chase Capital Partners, Lieberman Group and Pegasus Venture Capital. And even in these much leaner times, investors say there are still plenty of potentially profitable ideas. </s>"
1377,"<s>[INST] That has left many internet companies, such as Latinstocks.com, adrift and struggling for survival.  The ambitious financial site recently laid off much of its staff after the [/INST]  Argentine investment fund Exxel Group decided to get out of internet investing. But a handful of early-stage venture capital investors remain, including Softbank, Chase Capital Partners, Lieberman Group and Pegasus Venture Capital. </s>"
1378,"<s>[INST]  But a handful of early-stage venture capital investors remain, including Softbank, [/INST]  Chase Capital Partners, Lieberman Group and Pegasus Venture Capital. And even in these much leaner times, investors say there are still plenty of potentially profitable ideas. Says Michael Chu, a founding partner of Pegasus Venture Capital: ""We have more interesting projects that we would really like to sort through than hours in the day"". </s>"
1379,"<s>[INST] The ambitious financial site recently laid off much of its staff after the Argentine investment fund Exxel Group decided to get out of internet investing.  But a handful of early-stage venture capital investors remain, including Softbank, [/INST]  Chase Capital Partners, Lieberman Group and Pegasus Venture Capital. And even in these much leaner times, investors say there are still plenty of potentially profitable ideas. </s>"
1380,"<s>[INST]  And even in these much leaner times, investors say [/INST]  there are still plenty of potentially profitable ideas. Says Michael Chu, a founding partner of Pegasus Venture Capital: ""We have more interesting projects that we would really like to sort through than hours in the day"". Copyright Financial Times Limited 2000. </s>"
1381,"<s>[INST] But a handful of early-stage venture capital investors remain, including Softbank, Chase Capital Partners, Lieberman Group and Pegasus Venture Capital.  And even in these much leaner times, investors say [/INST]  there are still plenty of potentially profitable ideas. Says Michael Chu, a founding partner of Pegasus Venture Capital: ""We have more interesting projects that we would really like to sort through than hours in the day"". </s>"
1382,"<s>[INST]  Says Michael Chu, a founding partner of Pegasus Venture Capital: ""We have more interesting projects [/INST]  that we would really like to sort through than hours in the day"". Copyright Financial Times Limited 2000. All Rights Reserved. </s>"
1383,"<s>[INST] And even in these much leaner times, investors say there are still plenty of potentially profitable ideas.  Says Michael Chu, a founding partner of Pegasus Venture Capital: ""We have more interesting projects [/INST]  that we would really like to sort through than hours in the day"". Copyright Financial Times Limited 2000. </s>"
1384,"<s>[INST]  accountid=28034 Abstract: Brazil's currency sank yesterday to an 11-month low on worries [/INST]  over Argentina, while the Chilean and other regional currencies also suffered. Regional stock markets, already hurt by volatility in US markets, were further affected by concerns over Argentina. The spread on Argentina's debt has widened by around 220 basis points in the past three weeks, a potent indicator of investor concern. </s>"
1385,"<s>[INST] proquest.com/docview/249009877?  accountid=28034 Abstract: Brazil's currency sank yesterday to an 11-month low on worries [/INST]  over Argentina, while the Chilean and other regional currencies also suffered. Regional stock markets, already hurt by volatility in US markets, were further affected by concerns over Argentina. </s>"
1386,"<s>[INST]  Regional stock markets, already hurt by volatility in US [/INST]  markets, were further affected by concerns over Argentina. The spread on Argentina's debt has widened by around 220 basis points in the past three weeks, a potent indicator of investor concern. The Brazilian and Argentine stock indices have lost nearly 15 of their value this month. </s>"
1387,"<s>[INST] accountid=28034  Abstract: Brazil's currency sank yesterday to an 11-month low on worries over Argentina, while the Chilean and other regional currencies also suffered.  Regional stock markets, already hurt by volatility in US [/INST]  markets, were further affected by concerns over Argentina. The spread on Argentina's debt has widened by around 220 basis points in the past three weeks, a potent indicator of investor concern. </s>"
1388,"<s>[INST]  The spread on Argentina's debt has widened by around 220 basis points [/INST]  in the past three weeks, a potent indicator of investor concern. The Brazilian and Argentine stock indices have lost nearly 15 of their value this month. The country most concerned about a possible Argentine crisis is its largest neighbour, Brazil. </s>"
1389,"<s>[INST] Regional stock markets, already hurt by volatility in US markets, were further affected by concerns over Argentina.  The spread on Argentina's debt has widened by around 220 basis points [/INST]  in the past three weeks, a potent indicator of investor concern. The Brazilian and Argentine stock indices have lost nearly 15 of their value this month. </s>"
1390,"<s>[INST]  The Brazilian and Argentine stock indices have lost [/INST]  nearly 15 of their value this month. The country most concerned about a possible Argentine crisis is its largest neighbour, Brazil. Both countries belong to the South American trading bloc, Mercosur. </s>"
1391,"<s>[INST] The spread on Argentina's debt has widened by around 220 basis points in the past three weeks, a potent indicator of investor concern.  The Brazilian and Argentine stock indices have lost [/INST]  nearly 15 of their value this month. The country most concerned about a possible Argentine crisis is its largest neighbour, Brazil. </s>"
1392,"<s>[INST]  The country most concerned about a possible Argentine [/INST]  crisis is its largest neighbour, Brazil. Both countries belong to the South American trading bloc, Mercosur. However, Brazil is far less dependent on the Argentine market for its exports than the other way around. </s>"
1393,"<s>[INST] The Brazilian and Argentine stock indices have lost nearly 15 of their value this month.  The country most concerned about a possible Argentine [/INST]  crisis is its largest neighbour, Brazil. Both countries belong to the South American trading bloc, Mercosur. </s>"
1394,"<s>[INST]  However, Brazil is far less dependent on the Argentine market [/INST]  for its exports than the other way around. Last year, Argentina accounted for around 12 per cent of Brazilian exports. Full text: Argentina's political and economic turmoil has begun to reach beyond the country's borders, as regional governments grow concerned that the Argentine crisis could derail their own fragile recoveries. </s>"
1395,"<s>[INST] Both countries belong to the South American trading bloc, Mercosur.  However, Brazil is far less dependent on the Argentine market [/INST]  for its exports than the other way around. Last year, Argentina accounted for around 12 per cent of Brazilian exports. </s>"
1396,"<s>[INST]  Last year, Argentina accounted for around 12 [/INST]  per cent of Brazilian exports. Full text: Argentina's political and economic turmoil has begun to reach beyond the country's borders, as regional governments grow concerned that the Argentine crisis could derail their own fragile recoveries. With hostility growing in international capital markets towards Argentina and other emerging markets, investors are worried the country could face a tough time raising the nearly $20bn it needs to finance itself through the end of next year. </s>"
1397,"<s>[INST] However, Brazil is far less dependent on the Argentine market for its exports than the other way around.  Last year, Argentina accounted for around 12 [/INST]  per cent of Brazilian exports. Full text: Argentina's political and economic turmoil has begun to reach beyond the country's borders, as regional governments grow concerned that the Argentine crisis could derail their own fragile recoveries. </s>"
1398,"<s>[INST]  Full text: Argentina's political and economic turmoil has begun to reach beyond the country's borders, as [/INST]  regional governments grow concerned that the Argentine crisis could derail their own fragile recoveries. With hostility growing in international capital markets towards Argentina and other emerging markets, investors are worried the country could face a tough time raising the nearly $20bn it needs to finance itself through the end of next year. They are openly speculating about the possibility of a default by Argentina on its foreign obligations next year, or even a devaluation of the currency, which has been tied to the dollar for nearly 10 years. </s>"
1399,"<s>[INST] Last year, Argentina accounted for around 12 per cent of Brazilian exports.  Full text: Argentina's political and economic turmoil has begun to reach beyond the country's borders, as [/INST]  regional governments grow concerned that the Argentine crisis could derail their own fragile recoveries. With hostility growing in international capital markets towards Argentina and other emerging markets, investors are worried the country could face a tough time raising the nearly $20bn it needs to finance itself through the end of next year. </s>"
1400,"<s>[INST]  With hostility growing in international capital markets towards Argentina and other emerging markets, investors are worried the country could face [/INST]  a tough time raising the nearly $20bn it needs to finance itself through the end of next year. They are openly speculating about the possibility of a default by Argentina on its foreign obligations next year, or even a devaluation of the currency, which has been tied to the dollar for nearly 10 years. The impact of such an event - or even a further deterioration of the economy - would go far beyond Argentina. </s>"
1401,"<s>[INST] Full text: Argentina's political and economic turmoil has begun to reach beyond the country's borders, as regional governments grow concerned that the Argentine crisis could derail their own fragile recoveries.  With hostility growing in international capital markets towards Argentina and other emerging markets, investors are worried the country could face [/INST]  a tough time raising the nearly $20bn it needs to finance itself through the end of next year. They are openly speculating about the possibility of a default by Argentina on its foreign obligations next year, or even a devaluation of the currency, which has been tied to the dollar for nearly 10 years. </s>"
1402,"<s>[INST]  They are openly speculating about the possibility of a default by Argentina on its foreign obligations next year, or [/INST]  even a devaluation of the currency, which has been tied to the dollar for nearly 10 years. The impact of such an event - or even a further deterioration of the economy - would go far beyond Argentina. The country accounts for 20-25 per cent of emerging market bond indices, and a sell-off would further curtail financing to other countries. </s>"
1403,"<s>[INST] With hostility growing in international capital markets towards Argentina and other emerging markets, investors are worried the country could face a tough time raising the nearly $20bn it needs to finance itself through the end of next year.  They are openly speculating about the possibility of a default by Argentina on its foreign obligations next year, or [/INST]  even a devaluation of the currency, which has been tied to the dollar for nearly 10 years. The impact of such an event - or even a further deterioration of the economy - would go far beyond Argentina. </s>"
1404,"<s>[INST]  The impact of such an event - or even a further [/INST]  deterioration of the economy - would go far beyond Argentina. The country accounts for 20-25 per cent of emerging market bond indices, and a sell-off would further curtail financing to other countries. ""It's very difficult to think of a scenario in which Argentina experiences serious problems and Brazil and Mexico come out unscathed,"" said David Sekiguchi, Latin American Debt analyst at J.P. Morgan. </s>"
1405,"<s>[INST] They are openly speculating about the possibility of a default by Argentina on its foreign obligations next year, or even a devaluation of the currency, which has been tied to the dollar for nearly 10 years.  The impact of such an event - or even a further [/INST]  deterioration of the economy - would go far beyond Argentina. The country accounts for 20-25 per cent of emerging market bond indices, and a sell-off would further curtail financing to other countries. </s>"
1406,"<s>[INST]  The country accounts for 20-25 per cent of emerging market bond indices, [/INST]  and a sell-off would further curtail financing to other countries. ""It's very difficult to think of a scenario in which Argentina experiences serious problems and Brazil and Mexico come out unscathed,"" said David Sekiguchi, Latin American Debt analyst at J.P. Morgan. Brazil's currency sank yesterday to an 11-month low on worries over Argentina, while the Chilean and other regional currencies also suffered. </s>"
1407,"<s>[INST] The impact of such an event - or even a further deterioration of the economy - would go far beyond Argentina.  The country accounts for 20-25 per cent of emerging market bond indices, [/INST]  and a sell-off would further curtail financing to other countries. ""It's very difficult to think of a scenario in which Argentina experiences serious problems and Brazil and Mexico come out unscathed,"" said David Sekiguchi, Latin American Debt analyst at J.P. Morgan. </s>"
1408,"<s>[INST]  ""It's very difficult to think of a scenario in which Argentina experiences serious problems and Brazil [/INST]  and Mexico come out unscathed,"" said David Sekiguchi, Latin American Debt analyst at J.P. Morgan. Brazil's currency sank yesterday to an 11-month low on worries over Argentina, while the Chilean and other regional currencies also suffered. Regional stock markets, already hurt by volatility in US markets, were further affected by concerns over Argentina. </s>"
1409,"<s>[INST] The country accounts for 20-25 per cent of emerging market bond indices, and a sell-off would further curtail financing to other countries.  ""It's very difficult to think of a scenario in which Argentina experiences serious problems and Brazil [/INST]  and Mexico come out unscathed,"" said David Sekiguchi, Latin American Debt analyst at J.P. Morgan. Brazil's currency sank yesterday to an 11-month low on worries over Argentina, while the Chilean and other regional currencies also suffered. </s>"
1410,"<s>[INST]  Brazil's currency sank yesterday to an 11-month low on worries over [/INST]  Argentina, while the Chilean and other regional currencies also suffered. Regional stock markets, already hurt by volatility in US markets, were further affected by concerns over Argentina. The spread on Argentina's debt has widened by around 220 basis points in the past three weeks, a potent indicator of investor concern. </s>"
1411,"<s>[INST] ""It's very difficult to think of a scenario in which Argentina experiences serious problems and Brazil and Mexico come out unscathed,"" said David Sekiguchi, Latin American Debt analyst at J.P. Morgan.  Brazil's currency sank yesterday to an 11-month low on worries over [/INST]  Argentina, while the Chilean and other regional currencies also suffered. Regional stock markets, already hurt by volatility in US markets, were further affected by concerns over Argentina. </s>"
1412,"<s>[INST]  Regional stock markets, already hurt by volatility in US [/INST]  markets, were further affected by concerns over Argentina. The spread on Argentina's debt has widened by around 220 basis points in the past three weeks, a potent indicator of investor concern. The Brazilian and Argentine stock indices have lost nearly 15 of their value this month. </s>"
1413,"<s>[INST] Brazil's currency sank yesterday to an 11-month low on worries over Argentina, while the Chilean and other regional currencies also suffered.  Regional stock markets, already hurt by volatility in US [/INST]  markets, were further affected by concerns over Argentina. The spread on Argentina's debt has widened by around 220 basis points in the past three weeks, a potent indicator of investor concern. </s>"
1414,"<s>[INST]  The spread on Argentina's debt has widened by around 220 basis points [/INST]  in the past three weeks, a potent indicator of investor concern. The Brazilian and Argentine stock indices have lost nearly 15 of their value this month. Beyond the strictly financial worries, international investors are also watching Argentina for other reasons. </s>"
1415,"<s>[INST] Regional stock markets, already hurt by volatility in US markets, were further affected by concerns over Argentina.  The spread on Argentina's debt has widened by around 220 basis points [/INST]  in the past three weeks, a potent indicator of investor concern. The Brazilian and Argentine stock indices have lost nearly 15 of their value this month. </s>"
1416,"<s>[INST]  The Brazilian and Argentine stock indices have lost [/INST]  nearly 15 of their value this month. Beyond the strictly financial worries, international investors are also watching Argentina for other reasons. In the past decade, the country has become an important proxy for the region's adherence to US-style economic reforms. </s>"
1417,"<s>[INST] The spread on Argentina's debt has widened by around 220 basis points in the past three weeks, a potent indicator of investor concern.  The Brazilian and Argentine stock indices have lost [/INST]  nearly 15 of their value this month. Beyond the strictly financial worries, international investors are also watching Argentina for other reasons. </s>"
1418,"<s>[INST]  Beyond the strictly financial worries, international investors are [/INST]  also watching Argentina for other reasons. In the past decade, the country has become an important proxy for the region's adherence to US-style economic reforms. Its experience with reform has been highlighted because the country lacks some of the natural advantages of other Latin countries - such as Venezuela's oil or Mexico's proximity to the US - that might allow greater policy flexibility. </s>"
1419,"<s>[INST] The Brazilian and Argentine stock indices have lost nearly 15 of their value this month.  Beyond the strictly financial worries, international investors are [/INST]  also watching Argentina for other reasons. In the past decade, the country has become an important proxy for the region's adherence to US-style economic reforms. </s>"
1420,"<s>[INST]  In the past decade, the country has become an important [/INST]  proxy for the region's adherence to US-style economic reforms. Its experience with reform has been highlighted because the country lacks some of the natural advantages of other Latin countries - such as Venezuela's oil or Mexico's proximity to the US - that might allow greater policy flexibility. ""If Argentina stumbles, anyone who needs to go out and do a significant amount of financing is going to have trouble,"" said Peter Geraghty, managing director of Darby Overseas Investors, an investment company founded by Nicholas Brady, former US Treasury secretary. </s>"
1421,"<s>[INST] Beyond the strictly financial worries, international investors are also watching Argentina for other reasons.  In the past decade, the country has become an important [/INST]  proxy for the region's adherence to US-style economic reforms. Its experience with reform has been highlighted because the country lacks some of the natural advantages of other Latin countries - such as Venezuela's oil or Mexico's proximity to the US - that might allow greater policy flexibility. </s>"
1422,"<s>[INST]  Its experience with reform has been highlighted because the country lacks some of the natural advantages of other Latin countries [/INST]  - such as Venezuela's oil or Mexico's proximity to the US - that might allow greater policy flexibility. ""If Argentina stumbles, anyone who needs to go out and do a significant amount of financing is going to have trouble,"" said Peter Geraghty, managing director of Darby Overseas Investors, an investment company founded by Nicholas Brady, former US Treasury secretary. That concern was highlighted by Larry Summers, US Treasury secretary, this week after a meeting of the Group of 20 top industrialised and emerging market nations in Montreal. </s>"
1423,"<s>[INST] In the past decade, the country has become an important proxy for the region's adherence to US-style economic reforms.  Its experience with reform has been highlighted because the country lacks some of the natural advantages of other Latin countries [/INST]  - such as Venezuela's oil or Mexico's proximity to the US - that might allow greater policy flexibility. ""If Argentina stumbles, anyone who needs to go out and do a significant amount of financing is going to have trouble,"" said Peter Geraghty, managing director of Darby Overseas Investors, an investment company founded by Nicholas Brady, former US Treasury secretary. </s>"
1424,"<s>[INST]  ""If Argentina stumbles, anyone who needs to go out and do a significant amount of financing is going to have trouble,"" [/INST]  said Peter Geraghty, managing director of Darby Overseas Investors, an investment company founded by Nicholas Brady, former US Treasury secretary. That concern was highlighted by Larry Summers, US Treasury secretary, this week after a meeting of the Group of 20 top industrialised and emerging market nations in Montreal. ""We're watching the situation in emerging markets generally, including Argentina, closely,"" he said. </s>"
1425,"<s>[INST] Its experience with reform has been highlighted because the country lacks some of the natural advantages of other Latin countries - such as Venezuela's oil or Mexico's proximity to the US - that might allow greater policy flexibility.  ""If Argentina stumbles, anyone who needs to go out and do a significant amount of financing is going to have trouble,"" [/INST]  said Peter Geraghty, managing director of Darby Overseas Investors, an investment company founded by Nicholas Brady, former US Treasury secretary. That concern was highlighted by Larry Summers, US Treasury secretary, this week after a meeting of the Group of 20 top industrialised and emerging market nations in Montreal. </s>"
1426,"<s>[INST]  That concern was highlighted by Larry Summers, US Treasury secretary, this week after a meeting [/INST]  of the Group of 20 top industrialised and emerging market nations in Montreal. ""We're watching the situation in emerging markets generally, including Argentina, closely,"" he said. However, Mr Summers dismissed market speculation that the Treasury was arranging for a financial aid package for the country. </s>"
1427,"<s>[INST] ""If Argentina stumbles, anyone who needs to go out and do a significant amount of financing is going to have trouble,"" said Peter Geraghty, managing director of Darby Overseas Investors, an investment company founded by Nicholas Brady, former US Treasury secretary.  That concern was highlighted by Larry Summers, US Treasury secretary, this week after a meeting [/INST]  of the Group of 20 top industrialised and emerging market nations in Montreal. ""We're watching the situation in emerging markets generally, including Argentina, closely,"" he said. </s>"
1428,"<s>[INST]  ""We're watching the situation in emerging markets [/INST]  generally, including Argentina, closely,"" he said. However, Mr Summers dismissed market speculation that the Treasury was arranging for a financial aid package for the country. The country most concerned about a possible Argentine crisis is its largest neighbour, Brazil. </s>"
1429,"<s>[INST] That concern was highlighted by Larry Summers, US Treasury secretary, this week after a meeting of the Group of 20 top industrialised and emerging market nations in Montreal.  ""We're watching the situation in emerging markets [/INST]  generally, including Argentina, closely,"" he said. However, Mr Summers dismissed market speculation that the Treasury was arranging for a financial aid package for the country. </s>"
1430,"<s>[INST]  However, Mr Summers dismissed market speculation that the Treasury was [/INST]  arranging for a financial aid package for the country. The country most concerned about a possible Argentine crisis is its largest neighbour, Brazil. Both countries belong to the South American trading bloc, Mercosur. </s>"
1431,"<s>[INST] ""We're watching the situation in emerging markets generally, including Argentina, closely,"" he said.  However, Mr Summers dismissed market speculation that the Treasury was [/INST]  arranging for a financial aid package for the country. The country most concerned about a possible Argentine crisis is its largest neighbour, Brazil. </s>"
1432,"<s>[INST]  The country most concerned about a possible Argentine [/INST]  crisis is its largest neighbour, Brazil. Both countries belong to the South American trading bloc, Mercosur. However, Brazil is far less dependent on the Argentine market for its exports than the other way around. </s>"
1433,"<s>[INST] However, Mr Summers dismissed market speculation that the Treasury was arranging for a financial aid package for the country.  The country most concerned about a possible Argentine [/INST]  crisis is its largest neighbour, Brazil. Both countries belong to the South American trading bloc, Mercosur. </s>"
1434,"<s>[INST]  However, Brazil is far less dependent on the Argentine market [/INST]  for its exports than the other way around. Last year, Argentina accounted for around 12 per cent of Brazilian exports. ""The effects on exports would be negative, but not disastrous,"" said Francis Freisinger, Latin America economist at Merrill Lynch. </s>"
1435,"<s>[INST] Both countries belong to the South American trading bloc, Mercosur.  However, Brazil is far less dependent on the Argentine market [/INST]  for its exports than the other way around. Last year, Argentina accounted for around 12 per cent of Brazilian exports. </s>"
1436,"<s>[INST]  Last year, Argentina accounted for around 12 [/INST]  per cent of Brazilian exports. ""The effects on exports would be negative, but not disastrous,"" said Francis Freisinger, Latin America economist at Merrill Lynch. ""The real risk is that contagion from Argentina could impact Brazilian financing"". </s>"
1437,"<s>[INST] However, Brazil is far less dependent on the Argentine market for its exports than the other way around.  Last year, Argentina accounted for around 12 [/INST]  per cent of Brazilian exports. ""The effects on exports would be negative, but not disastrous,"" said Francis Freisinger, Latin America economist at Merrill Lynch. </s>"
1438,"<s>[INST]  ""The effects on exports would be negative, but not disastrous,"" [/INST]  said Francis Freisinger, Latin America economist at Merrill Lynch. ""The real risk is that contagion from Argentina could impact Brazilian financing"". Argentina has been struggling to emerge from two years of economic stagnation. </s>"
1439,"<s>[INST] Last year, Argentina accounted for around 12 per cent of Brazilian exports.  ""The effects on exports would be negative, but not disastrous,"" [/INST]  said Francis Freisinger, Latin America economist at Merrill Lynch. ""The real risk is that contagion from Argentina could impact Brazilian financing"". </s>"
1440,"<s>[INST]  ""The real risk is that contagion from [/INST]  Argentina could impact Brazilian financing"". Argentina has been struggling to emerge from two years of economic stagnation. Copyright Financial Times Limited 2000. </s>"
1441,"<s>[INST] ""The effects on exports would be negative, but not disastrous,"" said Francis Freisinger, Latin America economist at Merrill Lynch.  ""The real risk is that contagion from [/INST]  Argentina could impact Brazilian financing"". Argentina has been struggling to emerge from two years of economic stagnation. </s>"
1442,<s>[INST]  Argentina has been struggling to emerge from [/INST]  two years of economic stagnation. Copyright Financial Times Limited 2000. All Rights Reserved. </s>
1443,"<s>[INST] ""The real risk is that contagion from Argentina could impact Brazilian financing"".  Argentina has been struggling to emerge from [/INST]  two years of economic stagnation. Copyright Financial Times Limited 2000. </s>"
1444,"<s>[INST]  accountid=28034 Abstract: Argentina's political and economic turmoil has begun to reach beyond the country's borders, as [/INST]  regional governments grow concerned that the Argentine crisis could derail their own fragile recoveries. Full text: Argentina's political and economic turmoil has begun to reach beyond the country's borders, as regional governments grow concerned that the Argentine crisis could derail their own fragile recoveries. With hostility growing in international capital markets towards Argentina and other emerging markets, investors are worried the country could face a tough time raising the nearly $20bn (£14bn) it needs to finance itself to the end of next year. </s>"
1445,"<s>[INST] proquest.com/docview/248972524?  accountid=28034 Abstract: Argentina's political and economic turmoil has begun to reach beyond the country's borders, as [/INST]  regional governments grow concerned that the Argentine crisis could derail their own fragile recoveries. Full text: Argentina's political and economic turmoil has begun to reach beyond the country's borders, as regional governments grow concerned that the Argentine crisis could derail their own fragile recoveries. </s>"
1446,"<s>[INST]  Full text: Argentina's political and economic turmoil has begun to reach beyond the country's borders, as [/INST]  regional governments grow concerned that the Argentine crisis could derail their own fragile recoveries. With hostility growing in international capital markets towards Argentina and other emerging markets, investors are worried the country could face a tough time raising the nearly $20bn (£14bn) it needs to finance itself to the end of next year. They are openly speculating about the possibility of a default by Argentina on its foreign obligations next year, or even a devaluation of the currency, which has been tied to the dollar for nearly 10 years. </s>"
1447,"<s>[INST] accountid=28034  Abstract: Argentina's political and economic turmoil has begun to reach beyond the country's borders, as regional governments grow concerned that the Argentine crisis could derail their own fragile recoveries.  Full text: Argentina's political and economic turmoil has begun to reach beyond the country's borders, as [/INST]  regional governments grow concerned that the Argentine crisis could derail their own fragile recoveries. With hostility growing in international capital markets towards Argentina and other emerging markets, investors are worried the country could face a tough time raising the nearly $20bn (£14bn) it needs to finance itself to the end of next year. </s>"
1448,"<s>[INST]  With hostility growing in international capital markets towards Argentina and other emerging markets, investors are worried the country could face [/INST]  a tough time raising the nearly $20bn (£14bn) it needs to finance itself to the end of next year. They are openly speculating about the possibility of a default by Argentina on its foreign obligations next year, or even a devaluation of the currency, which has been tied to the dollar for nearly 10 years. The impact of such an event - or even a further deterioration of the economy - would go far beyond Argentina. </s>"
1449,"<s>[INST] Full text: Argentina's political and economic turmoil has begun to reach beyond the country's borders, as regional governments grow concerned that the Argentine crisis could derail their own fragile recoveries.  With hostility growing in international capital markets towards Argentina and other emerging markets, investors are worried the country could face [/INST]  a tough time raising the nearly $20bn (£14bn) it needs to finance itself to the end of next year. They are openly speculating about the possibility of a default by Argentina on its foreign obligations next year, or even a devaluation of the currency, which has been tied to the dollar for nearly 10 years. </s>"
1450,"<s>[INST]  They are openly speculating about the possibility of a default by Argentina on its foreign obligations next year, or [/INST]  even a devaluation of the currency, which has been tied to the dollar for nearly 10 years. The impact of such an event - or even a further deterioration of the economy - would go far beyond Argentina. The country accounts for 20-25 per cent of emerging market bond indices, and a sell-off would further curtail financing to other countries. </s>"
1451,"<s>[INST] With hostility growing in international capital markets towards Argentina and other emerging markets, investors are worried the country could face a tough time raising the nearly $20bn (£14bn) it needs to finance itself to the end of next year.  They are openly speculating about the possibility of a default by Argentina on its foreign obligations next year, or [/INST]  even a devaluation of the currency, which has been tied to the dollar for nearly 10 years. The impact of such an event - or even a further deterioration of the economy - would go far beyond Argentina. </s>"
1452,"<s>[INST]  The impact of such an event - or even a further [/INST]  deterioration of the economy - would go far beyond Argentina. The country accounts for 20-25 per cent of emerging market bond indices, and a sell-off would further curtail financing to other countries. Brazil's currency sank yesterday to an 11-month low on worries over Argentina, while the Chilean and other currencies also suffered. </s>"
1453,"<s>[INST] They are openly speculating about the possibility of a default by Argentina on its foreign obligations next year, or even a devaluation of the currency, which has been tied to the dollar for nearly 10 years.  The impact of such an event - or even a further [/INST]  deterioration of the economy - would go far beyond Argentina. The country accounts for 20-25 per cent of emerging market bond indices, and a sell-off would further curtail financing to other countries. </s>"
1454,"<s>[INST]  The country accounts for 20-25 per cent of emerging market bond indices, [/INST]  and a sell-off would further curtail financing to other countries. Brazil's currency sank yesterday to an 11-month low on worries over Argentina, while the Chilean and other currencies also suffered. The Brazilian and Argentine stock indices have lost nearly 15 per cent of their value this month. </s>"
1455,"<s>[INST] The impact of such an event - or even a further deterioration of the economy - would go far beyond Argentina.  The country accounts for 20-25 per cent of emerging market bond indices, [/INST]  and a sell-off would further curtail financing to other countries. Brazil's currency sank yesterday to an 11-month low on worries over Argentina, while the Chilean and other currencies also suffered. </s>"
1456,"<s>[INST]  Brazil's currency sank yesterday to an 11-month low on worries over [/INST]  Argentina, while the Chilean and other currencies also suffered. The Brazilian and Argentine stock indices have lost nearly 15 per cent of their value this month. Copyright Financial Times Limited 2000. </s>"
1457,"<s>[INST] The country accounts for 20-25 per cent of emerging market bond indices, and a sell-off would further curtail financing to other countries.  Brazil's currency sank yesterday to an 11-month low on worries over [/INST]  Argentina, while the Chilean and other currencies also suffered. The Brazilian and Argentine stock indices have lost nearly 15 per cent of their value this month. </s>"
1458,<s>[INST]  The Brazilian and Argentine stock indices have lost nearly [/INST]  15 per cent of their value this month. Copyright Financial Times Limited 2000. All Rights Reserved. </s>
1459,"<s>[INST] Brazil's currency sank yesterday to an 11-month low on worries over Argentina, while the Chilean and other currencies also suffered.  The Brazilian and Argentine stock indices have lost nearly [/INST]  15 per cent of their value this month. Copyright Financial Times Limited 2000. </s>"
1460,"<s>[INST]  accountid=28034 Abstract: ""That's one of the problems of the Argentine [/INST]  market,"" said Ian Laming at Morgan Stanley Dean Witter. ""There's not much growth in Argentina and yet the valuations aren't much lower than in Brazil or Mexico"". That is reflected in Argentine risk: some Argentine bonds are trading at wider spreads than Brazil's, but that does not mean the country is facing an economic crisis, as has periodically been suggested. </s>"
1461,"<s>[INST] proquest.com/docview/248916452?  accountid=28034 Abstract: ""That's one of the problems of the Argentine [/INST]  market,"" said Ian Laming at Morgan Stanley Dean Witter. ""There's not much growth in Argentina and yet the valuations aren't much lower than in Brazil or Mexico"". </s>"
1462,"<s>[INST]  ""There's not much growth in Argentina and yet the valuations [/INST]  aren't much lower than in Brazil or Mexico"". That is reflected in Argentine risk: some Argentine bonds are trading at wider spreads than Brazil's, but that does not mean the country is facing an economic crisis, as has periodically been suggested. If that happened, reform efforts would stall, endangering Argentina's fragile recovery. </s>"
1463,"<s>[INST] accountid=28034  Abstract: ""That's one of the problems of the Argentine market,"" said Ian Laming at Morgan Stanley Dean Witter.  ""There's not much growth in Argentina and yet the valuations [/INST]  aren't much lower than in Brazil or Mexico"". That is reflected in Argentine risk: some Argentine bonds are trading at wider spreads than Brazil's, but that does not mean the country is facing an economic crisis, as has periodically been suggested. </s>"
1464,"<s>[INST]  That is reflected in Argentine risk: some Argentine bonds are trading at wider spreads than Brazil's, but [/INST]  that does not mean the country is facing an economic crisis, as has periodically been suggested. If that happened, reform efforts would stall, endangering Argentina's fragile recovery. The plus side of all of this is that Mr De la Rua now has a far more unified cabinet on economic matters and a strengthened economy minister, Jose Luis Machinea. </s>"
1465,"<s>[INST] ""There's not much growth in Argentina and yet the valuations aren't much lower than in Brazil or Mexico"".  That is reflected in Argentine risk: some Argentine bonds are trading at wider spreads than Brazil's, but [/INST]  that does not mean the country is facing an economic crisis, as has periodically been suggested. If that happened, reform efforts would stall, endangering Argentina's fragile recovery. </s>"
1466,"<s>[INST]  If that happened, reform efforts would [/INST]  stall, endangering Argentina's fragile recovery. The plus side of all of this is that Mr De la Rua now has a far more unified cabinet on economic matters and a strengthened economy minister, Jose Luis Machinea. Full text: The good news for Argentina is that during the past decade, it has developed into a stable economy, with a strong currency, solid financial system and no inflation. </s>"
1467,"<s>[INST] That is reflected in Argentine risk: some Argentine bonds are trading at wider spreads than Brazil's, but that does not mean the country is facing an economic crisis, as has periodically been suggested.  If that happened, reform efforts would [/INST]  stall, endangering Argentina's fragile recovery. The plus side of all of this is that Mr De la Rua now has a far more unified cabinet on economic matters and a strengthened economy minister, Jose Luis Machinea. </s>"
1468,"<s>[INST]  The plus side of all of this is that Mr De la Rua now has a [/INST]  far more unified cabinet on economic matters and a strengthened economy minister, Jose Luis Machinea. Full text: The good news for Argentina is that during the past decade, it has developed into a stable economy, with a strong currency, solid financial system and no inflation. Also, the difficult external situation it faced over recent years - a strong dollar, high US interest rates and low commodity prices - is starting to improve. </s>"
1469,"<s>[INST] If that happened, reform efforts would stall, endangering Argentina's fragile recovery.  The plus side of all of this is that Mr De la Rua now has a [/INST]  far more unified cabinet on economic matters and a strengthened economy minister, Jose Luis Machinea. Full text: The good news for Argentina is that during the past decade, it has developed into a stable economy, with a strong currency, solid financial system and no inflation. </s>"
1470,"<s>[INST]  Full text: The good news for Argentina is that during the past decade, it has developed [/INST]  into a stable economy, with a strong currency, solid financial system and no inflation. Also, the difficult external situation it faced over recent years - a strong dollar, high US interest rates and low commodity prices - is starting to improve. The bad news for Argentina is that global investors don't much seem to care. </s>"
1471,"<s>[INST] The plus side of all of this is that Mr De la Rua now has a far more unified cabinet on economic matters and a strengthened economy minister, Jose Luis Machinea.  Full text: The good news for Argentina is that during the past decade, it has developed [/INST]  into a stable economy, with a strong currency, solid financial system and no inflation. Also, the difficult external situation it faced over recent years - a strong dollar, high US interest rates and low commodity prices - is starting to improve. </s>"
1472,"<s>[INST]  Also, the difficult external situation it faced over recent years - a strong dollar, [/INST]  high US interest rates and low commodity prices - is starting to improve. The bad news for Argentina is that global investors don't much seem to care. The reasons are clear. </s>"
1473,"<s>[INST] Full text: The good news for Argentina is that during the past decade, it has developed into a stable economy, with a strong currency, solid financial system and no inflation.  Also, the difficult external situation it faced over recent years - a strong dollar, [/INST]  high US interest rates and low commodity prices - is starting to improve. The bad news for Argentina is that global investors don't much seem to care. </s>"
1474,"<s>[INST]  The bad news for Argentina is that global [/INST]  investors don't much seem to care. The reasons are clear. While Latin America as a whole has rebounded from a bruising recession in 1999, Argentina has been struggling to restart its economy. </s>"
1475,"<s>[INST] Also, the difficult external situation it faced over recent years - a strong dollar, high US interest rates and low commodity prices - is starting to improve.  The bad news for Argentina is that global [/INST]  investors don't much seem to care. The reasons are clear. </s>"
1476,"<s>[INST]  While Latin America as a whole has rebounded from a bruising recession [/INST]  in 1999, Argentina has been struggling to restart its economy. After a 3 per cent contraction last year, Argentina's economy is expected to grow by less than 2 per cent this year. The government hopes for 4 per cent next year, but economists are sceptical. </s>"
1477,"<s>[INST] The reasons are clear.  While Latin America as a whole has rebounded from a bruising recession [/INST]  in 1999, Argentina has been struggling to restart its economy. After a 3 per cent contraction last year, Argentina's economy is expected to grow by less than 2 per cent this year. </s>"
1478,"<s>[INST]  After a 3 per cent contraction last year, Argentina's economy is expected [/INST]  to grow by less than 2 per cent this year. The government hopes for 4 per cent next year, but economists are sceptical. Projected earnings growth for Argentine companies next year is around 2 per cent, against 16 per cent in Mexico and 21 per cent in Brazil. </s>"
1479,"<s>[INST] While Latin America as a whole has rebounded from a bruising recession in 1999, Argentina has been struggling to restart its economy.  After a 3 per cent contraction last year, Argentina's economy is expected [/INST]  to grow by less than 2 per cent this year. The government hopes for 4 per cent next year, but economists are sceptical. </s>"
1480,"<s>[INST]  The government hopes for 4 per cent [/INST]  next year, but economists are sceptical. Projected earnings growth for Argentine companies next year is around 2 per cent, against 16 per cent in Mexico and 21 per cent in Brazil. And although valuations have declined over the past two years, they are not necessarily bargains by international standards. </s>"
1481,"<s>[INST] After a 3 per cent contraction last year, Argentina's economy is expected to grow by less than 2 per cent this year.  The government hopes for 4 per cent [/INST]  next year, but economists are sceptical. Projected earnings growth for Argentine companies next year is around 2 per cent, against 16 per cent in Mexico and 21 per cent in Brazil. </s>"
1482,"<s>[INST]  Projected earnings growth for Argentine companies next year is around 2 per cent, [/INST]  against 16 per cent in Mexico and 21 per cent in Brazil. And although valuations have declined over the past two years, they are not necessarily bargains by international standards. Add to that an uncertain political climate - with the future of the ruling coalition in doubt following the resignation of the country's vice-president on Friday - and investors have little reason to entertain the country in their plans this year. </s>"
1483,"<s>[INST] The government hopes for 4 per cent next year, but economists are sceptical.  Projected earnings growth for Argentine companies next year is around 2 per cent, [/INST]  against 16 per cent in Mexico and 21 per cent in Brazil. And although valuations have declined over the past two years, they are not necessarily bargains by international standards. </s>"
1484,"<s>[INST]  And although valuations have declined over the past two years, [/INST]  they are not necessarily bargains by international standards. Add to that an uncertain political climate - with the future of the ruling coalition in doubt following the resignation of the country's vice-president on Friday - and investors have little reason to entertain the country in their plans this year. ""That's one of the problems of the Argentine market,"" said Ian Laming at Morgan Stanley Dean Witter. </s>"
1485,"<s>[INST] Projected earnings growth for Argentine companies next year is around 2 per cent, against 16 per cent in Mexico and 21 per cent in Brazil.  And although valuations have declined over the past two years, [/INST]  they are not necessarily bargains by international standards. Add to that an uncertain political climate - with the future of the ruling coalition in doubt following the resignation of the country's vice-president on Friday - and investors have little reason to entertain the country in their plans this year. </s>"
1486,"<s>[INST]  Add to that an uncertain political climate - with the future of the ruling coalition in doubt following the resignation of [/INST]  the country's vice-president on Friday - and investors have little reason to entertain the country in their plans this year. ""That's one of the problems of the Argentine market,"" said Ian Laming at Morgan Stanley Dean Witter. ""There's not much growth in Argentina and yet the valuations aren't much lower than in Brazil or Mexico"". </s>"
1487,"<s>[INST] And although valuations have declined over the past two years, they are not necessarily bargains by international standards.  Add to that an uncertain political climate - with the future of the ruling coalition in doubt following the resignation of [/INST]  the country's vice-president on Friday - and investors have little reason to entertain the country in their plans this year. ""That's one of the problems of the Argentine market,"" said Ian Laming at Morgan Stanley Dean Witter. </s>"
1488,"<s>[INST]  ""That's one of the problems of the Argentine market,"" [/INST]  said Ian Laming at Morgan Stanley Dean Witter. ""There's not much growth in Argentina and yet the valuations aren't much lower than in Brazil or Mexico"". Even before the latest political crisis, Mr Laming said he had Argentina at around half its normal weighting. </s>"
1489,"<s>[INST] Add to that an uncertain political climate - with the future of the ruling coalition in doubt following the resignation of the country's vice-president on Friday - and investors have little reason to entertain the country in their plans this year.  ""That's one of the problems of the Argentine market,"" [/INST]  said Ian Laming at Morgan Stanley Dean Witter. ""There's not much growth in Argentina and yet the valuations aren't much lower than in Brazil or Mexico"". </s>"
1490,"<s>[INST]  ""There's not much growth in Argentina and yet the valuations [/INST]  aren't much lower than in Brazil or Mexico"". Even before the latest political crisis, Mr Laming said he had Argentina at around half its normal weighting. And like many investors, he is not too worried he will miss out on any eventual recovery. </s>"
1491,"<s>[INST] ""That's one of the problems of the Argentine market,"" said Ian Laming at Morgan Stanley Dean Witter.  ""There's not much growth in Argentina and yet the valuations [/INST]  aren't much lower than in Brazil or Mexico"". Even before the latest political crisis, Mr Laming said he had Argentina at around half its normal weighting. </s>"
1492,"<s>[INST]  Even before the latest political crisis, Mr Laming said he [/INST]  had Argentina at around half its normal weighting. And like many investors, he is not too worried he will miss out on any eventual recovery. ""Even if I thought the valuations were cheap - which quite frankly I'm not convinced about - I'm not coming away thinking: 'Wow, what a great place to be'"". </s>"
1493,"<s>[INST] ""There's not much growth in Argentina and yet the valuations aren't much lower than in Brazil or Mexico"".  Even before the latest political crisis, Mr Laming said he [/INST]  had Argentina at around half its normal weighting. And like many investors, he is not too worried he will miss out on any eventual recovery. </s>"
1494,"<s>[INST]  And like many investors, he is not too worried [/INST]  he will miss out on any eventual recovery. ""Even if I thought the valuations were cheap - which quite frankly I'm not convinced about - I'm not coming away thinking: 'Wow, what a great place to be'"". Indeed, the most pessimistic assessments of Argentina's prospects come from investors, who see precious few opportunities to make money in its markets. </s>"
1495,"<s>[INST] Even before the latest political crisis, Mr Laming said he had Argentina at around half its normal weighting.  And like many investors, he is not too worried [/INST]  he will miss out on any eventual recovery. ""Even if I thought the valuations were cheap - which quite frankly I'm not convinced about - I'm not coming away thinking: 'Wow, what a great place to be'"". </s>"
1496,"<s>[INST]  ""Even if I thought the valuations were cheap - which quite frankly I'm not convinced [/INST]  about - I'm not coming away thinking: 'Wow, what a great place to be'"". Indeed, the most pessimistic assessments of Argentina's prospects come from investors, who see precious few opportunities to make money in its markets. That is reflected in Argentine risk: some Argentine bonds are trading at wider spreads than Brazil's, but that does not mean the country is facing an economic crisis, as has periodically been suggested. </s>"
1497,"<s>[INST] And like many investors, he is not too worried he will miss out on any eventual recovery.  ""Even if I thought the valuations were cheap - which quite frankly I'm not convinced [/INST]  about - I'm not coming away thinking: 'Wow, what a great place to be'"". Indeed, the most pessimistic assessments of Argentina's prospects come from investors, who see precious few opportunities to make money in its markets. </s>"
1498,"<s>[INST]  Indeed, the most pessimistic assessments of Argentina's prospects come from investors, who [/INST]  see precious few opportunities to make money in its markets. That is reflected in Argentine risk: some Argentine bonds are trading at wider spreads than Brazil's, but that does not mean the country is facing an economic crisis, as has periodically been suggested. Though it is clearly struggling through tough times, both politically and economically, the currency board appears solid and its debt situation sustainable. </s>"
1499,"<s>[INST] ""Even if I thought the valuations were cheap - which quite frankly I'm not convinced about - I'm not coming away thinking: 'Wow, what a great place to be'"".  Indeed, the most pessimistic assessments of Argentina's prospects come from investors, who [/INST]  see precious few opportunities to make money in its markets. That is reflected in Argentine risk: some Argentine bonds are trading at wider spreads than Brazil's, but that does not mean the country is facing an economic crisis, as has periodically been suggested. </s>"
1500,"<s>[INST]  That is reflected in Argentine risk: some Argentine bonds are trading at wider spreads than Brazil's, but [/INST]  that does not mean the country is facing an economic crisis, as has periodically been suggested. Though it is clearly struggling through tough times, both politically and economically, the currency board appears solid and its debt situation sustainable. Standard & Poor's surprised markets last month by maintaining its rating on Argentina, which it said had shown resilience. </s>"
1501,"<s>[INST] Indeed, the most pessimistic assessments of Argentina's prospects come from investors, who see precious few opportunities to make money in its markets.  That is reflected in Argentine risk: some Argentine bonds are trading at wider spreads than Brazil's, but [/INST]  that does not mean the country is facing an economic crisis, as has periodically been suggested. Though it is clearly struggling through tough times, both politically and economically, the currency board appears solid and its debt situation sustainable. </s>"
1502,"<s>[INST]  Though it is clearly struggling through tough times, both politically and economically, [/INST]  the currency board appears solid and its debt situation sustainable. Standard & Poor's surprised markets last month by maintaining its rating on Argentina, which it said had shown resilience. Recent analyses suggest it would not need big adjustments to its accounts to put its debt load back on the path to sustainability, assuming the economy reaches 3 per cent growth. </s>"
1503,"<s>[INST] That is reflected in Argentine risk: some Argentine bonds are trading at wider spreads than Brazil's, but that does not mean the country is facing an economic crisis, as has periodically been suggested.  Though it is clearly struggling through tough times, both politically and economically, [/INST]  the currency board appears solid and its debt situation sustainable. Standard & Poor's surprised markets last month by maintaining its rating on Argentina, which it said had shown resilience. </s>"
1504,"<s>[INST]  Standard & Poor's surprised markets last month by maintaining its [/INST]  rating on Argentina, which it said had shown resilience. Recent analyses suggest it would not need big adjustments to its accounts to put its debt load back on the path to sustainability, assuming the economy reaches 3 per cent growth. The biggest worries are political. </s>"
1505,"<s>[INST] Though it is clearly struggling through tough times, both politically and economically, the currency board appears solid and its debt situation sustainable.  Standard & Poor's surprised markets last month by maintaining its [/INST]  rating on Argentina, which it said had shown resilience. Recent analyses suggest it would not need big adjustments to its accounts to put its debt load back on the path to sustainability, assuming the economy reaches 3 per cent growth. </s>"
1506,"<s>[INST]  Recent analyses suggest it would not need big adjustments to its accounts to put its debt [/INST]  load back on the path to sustainability, assuming the economy reaches 3 per cent growth. The biggest worries are political. The resignation of vice-president Carlos Alvarez has thrown into question the future of the governing coalition. </s>"
1507,"<s>[INST] Standard & Poor's surprised markets last month by maintaining its rating on Argentina, which it said had shown resilience.  Recent analyses suggest it would not need big adjustments to its accounts to put its debt [/INST]  load back on the path to sustainability, assuming the economy reaches 3 per cent growth. The biggest worries are political. </s>"
1508,"<s>[INST]  The resignation of vice-president Carlos Alvarez has thrown into [/INST]  question the future of the governing coalition. Mr Alvarez, who led the junior partner in the coalition, had made a crusade of clearing up a simmering bribery scandal in the senate. On Friday, he resigned to protest a cabinet reshuffle by President Fernando de la Rua that left in place two ministers implicated in the alleged bribing of senators. </s>"
1509,"<s>[INST] The biggest worries are political.  The resignation of vice-president Carlos Alvarez has thrown into [/INST]  question the future of the governing coalition. Mr Alvarez, who led the junior partner in the coalition, had made a crusade of clearing up a simmering bribery scandal in the senate. </s>"
1510,"<s>[INST]  Mr Alvarez, who led the junior partner in the coalition, had made a [/INST]  crusade of clearing up a simmering bribery scandal in the senate. On Friday, he resigned to protest a cabinet reshuffle by President Fernando de la Rua that left in place two ministers implicated in the alleged bribing of senators. For now, Mr Alvarez's Frepaso party and Mr De la Rua's Radical party promise to keep working together but investors will be watching to see how this potentially volatile situation develops. </s>"
1511,"<s>[INST] The resignation of vice-president Carlos Alvarez has thrown into question the future of the governing coalition.  Mr Alvarez, who led the junior partner in the coalition, had made a [/INST]  crusade of clearing up a simmering bribery scandal in the senate. On Friday, he resigned to protest a cabinet reshuffle by President Fernando de la Rua that left in place two ministers implicated in the alleged bribing of senators. </s>"
1512,"<s>[INST]  On Friday, he resigned to protest a cabinet reshuffle by President Fernando de la Rua [/INST]  that left in place two ministers implicated in the alleged bribing of senators. For now, Mr Alvarez's Frepaso party and Mr De la Rua's Radical party promise to keep working together but investors will be watching to see how this potentially volatile situation develops. For investors, the danger is not that the government will fall, but that the president may be left without enough supporters to pass important legislation. </s>"
1513,"<s>[INST] Mr Alvarez, who led the junior partner in the coalition, had made a crusade of clearing up a simmering bribery scandal in the senate.  On Friday, he resigned to protest a cabinet reshuffle by President Fernando de la Rua [/INST]  that left in place two ministers implicated in the alleged bribing of senators. For now, Mr Alvarez's Frepaso party and Mr De la Rua's Radical party promise to keep working together but investors will be watching to see how this potentially volatile situation develops. </s>"
1514,"<s>[INST]  For now, Mr Alvarez's Frepaso party and Mr De la Rua's Radical party promise to keep [/INST]  working together but investors will be watching to see how this potentially volatile situation develops. For investors, the danger is not that the government will fall, but that the president may be left without enough supporters to pass important legislation. If that happened, reform efforts would stall, endangering Argentina's fragile recovery. </s>"
1515,"<s>[INST] On Friday, he resigned to protest a cabinet reshuffle by President Fernando de la Rua that left in place two ministers implicated in the alleged bribing of senators.  For now, Mr Alvarez's Frepaso party and Mr De la Rua's Radical party promise to keep [/INST]  working together but investors will be watching to see how this potentially volatile situation develops. For investors, the danger is not that the government will fall, but that the president may be left without enough supporters to pass important legislation. </s>"
1516,"<s>[INST]  For investors, the danger is not that the government will fall, but that [/INST]  the president may be left without enough supporters to pass important legislation. If that happened, reform efforts would stall, endangering Argentina's fragile recovery. The plus side of all of this is that Mr De la Rua now has a far more unified cabinet on economic matters and a strengthened economy minister, Jose Luis Machinea. </s>"
1517,"<s>[INST] For now, Mr Alvarez's Frepaso party and Mr De la Rua's Radical party promise to keep working together but investors will be watching to see how this potentially volatile situation develops.  For investors, the danger is not that the government will fall, but that [/INST]  the president may be left without enough supporters to pass important legislation. If that happened, reform efforts would stall, endangering Argentina's fragile recovery. </s>"
1518,"<s>[INST]  If that happened, reform efforts would [/INST]  stall, endangering Argentina's fragile recovery. The plus side of all of this is that Mr De la Rua now has a far more unified cabinet on economic matters and a strengthened economy minister, Jose Luis Machinea. An optimist might further say that over the long term, the current focus on the corrupt practices of the past might lead to a more transparent and mature political system. </s>"
1519,"<s>[INST] For investors, the danger is not that the government will fall, but that the president may be left without enough supporters to pass important legislation.  If that happened, reform efforts would [/INST]  stall, endangering Argentina's fragile recovery. The plus side of all of this is that Mr De la Rua now has a far more unified cabinet on economic matters and a strengthened economy minister, Jose Luis Machinea. </s>"
1520,"<s>[INST]  The plus side of all of this is that Mr De la Rua now has a [/INST]  far more unified cabinet on economic matters and a strengthened economy minister, Jose Luis Machinea. An optimist might further say that over the long term, the current focus on the corrupt practices of the past might lead to a more transparent and mature political system. For now, investors see little reason to take a chance on Argentina, and no shortage of other countries on which to place their bets. </s>"
1521,"<s>[INST] If that happened, reform efforts would stall, endangering Argentina's fragile recovery.  The plus side of all of this is that Mr De la Rua now has a [/INST]  far more unified cabinet on economic matters and a strengthened economy minister, Jose Luis Machinea. An optimist might further say that over the long term, the current focus on the corrupt practices of the past might lead to a more transparent and mature political system. </s>"
1522,"<s>[INST]  An optimist might further say that over the long term, the current focus on the corrupt [/INST]  practices of the past might lead to a more transparent and mature political system. For now, investors see little reason to take a chance on Argentina, and no shortage of other countries on which to place their bets. Copyright Financial Times Limited 2000. </s>"
1523,"<s>[INST] The plus side of all of this is that Mr De la Rua now has a far more unified cabinet on economic matters and a strengthened economy minister, Jose Luis Machinea.  An optimist might further say that over the long term, the current focus on the corrupt [/INST]  practices of the past might lead to a more transparent and mature political system. For now, investors see little reason to take a chance on Argentina, and no shortage of other countries on which to place their bets. </s>"
1524,"<s>[INST]  For now, investors see little reason to take a chance on Argentina, and [/INST]  no shortage of other countries on which to place their bets. Copyright Financial Times Limited 2000. All Rights Reserved. </s>"
1525,"<s>[INST] An optimist might further say that over the long term, the current focus on the corrupt practices of the past might lead to a more transparent and mature political system.  For now, investors see little reason to take a chance on Argentina, and [/INST]  no shortage of other countries on which to place their bets. Copyright Financial Times Limited 2000. </s>"
1526,"<s>[INST]  accountid=28034 Abstract: ""Argentina's dollarisation - short of full monetary union - would not have a significant impact [/INST]  on the credit quality of the country,"" Moody's wrote in a detailed analysis last year. ""Ultimately, Argentina's fundamental creditworthiness would continue to be largely determined by its fiscal performance, the country's ability to generate net exports and attract foreign capital inflows, all instrumental in the face of an externally determined money supply"". One option to break the pattern - which, after all, threatens to become a self-fulfilling prophecy - is to try to shift the market's focus away from the fiscal deficit. </s>"
1527,"<s>[INST] proquest.com/docview/248859689?  accountid=28034 Abstract: ""Argentina's dollarisation - short of full monetary union - would not have a significant impact [/INST]  on the credit quality of the country,"" Moody's wrote in a detailed analysis last year. ""Ultimately, Argentina's fundamental creditworthiness would continue to be largely determined by its fiscal performance, the country's ability to generate net exports and attract foreign capital inflows, all instrumental in the face of an externally determined money supply"". </s>"
1528,"<s>[INST]  ""Ultimately, Argentina's fundamental creditworthiness would continue to be largely determined by its fiscal performance, the country's ability to generate [/INST]  net exports and attract foreign capital inflows, all instrumental in the face of an externally determined money supply"". One option to break the pattern - which, after all, threatens to become a self-fulfilling prophecy - is to try to shift the market's focus away from the fiscal deficit. Some economists now think that, if explained properly and carried out with IMF approval, the market could be persuaded to give Argentina some room on the fiscal front. </s>"
1529,"<s>[INST] accountid=28034  Abstract: ""Argentina's dollarisation - short of full monetary union - would not have a significant impact on the credit quality of the country,"" Moody's wrote in a detailed analysis last year.  ""Ultimately, Argentina's fundamental creditworthiness would continue to be largely determined by its fiscal performance, the country's ability to generate [/INST]  net exports and attract foreign capital inflows, all instrumental in the face of an externally determined money supply"". One option to break the pattern - which, after all, threatens to become a self-fulfilling prophecy - is to try to shift the market's focus away from the fiscal deficit. </s>"
1530,"<s>[INST]  One option to break the pattern - which, after all, threatens to become a self-fulfilling prophecy [/INST]  - is to try to shift the market's focus away from the fiscal deficit. Some economists now think that, if explained properly and carried out with IMF approval, the market could be persuaded to give Argentina some room on the fiscal front. For what investors really want to see in Argentina - the thinking goes - is growth. </s>"
1531,"<s>[INST] ""Ultimately, Argentina's fundamental creditworthiness would continue to be largely determined by its fiscal performance, the country's ability to generate net exports and attract foreign capital inflows, all instrumental in the face of an externally determined money supply"".  One option to break the pattern - which, after all, threatens to become a self-fulfilling prophecy [/INST]  - is to try to shift the market's focus away from the fiscal deficit. Some economists now think that, if explained properly and carried out with IMF approval, the market could be persuaded to give Argentina some room on the fiscal front. </s>"
1532,"<s>[INST]  Some economists now think that, if explained properly and carried out with IMF approval, the [/INST]  market could be persuaded to give Argentina some room on the fiscal front. For what investors really want to see in Argentina - the thinking goes - is growth. Many analysts now believe that Argentina should get some breathing space to cut taxes and to get the economy moving. </s>"
1533,"<s>[INST] One option to break the pattern - which, after all, threatens to become a self-fulfilling prophecy - is to try to shift the market's focus away from the fiscal deficit.  Some economists now think that, if explained properly and carried out with IMF approval, the [/INST]  market could be persuaded to give Argentina some room on the fiscal front. For what investors really want to see in Argentina - the thinking goes - is growth. </s>"
1534,"<s>[INST]  For what investors really want to see in Argentina [/INST]  - the thinking goes - is growth. Many analysts now believe that Argentina should get some breathing space to cut taxes and to get the economy moving. So neither dollarisation nor devaluation are the real issues, says Richard Madigan, director of Latin American investments at Offitbank. </s>"
1535,"<s>[INST] Some economists now think that, if explained properly and carried out with IMF approval, the market could be persuaded to give Argentina some room on the fiscal front.  For what investors really want to see in Argentina [/INST]  - the thinking goes - is growth. Many analysts now believe that Argentina should get some breathing space to cut taxes and to get the economy moving. </s>"
1536,"<s>[INST]  Many analysts now believe that Argentina should get some breathing space [/INST]  to cut taxes and to get the economy moving. So neither dollarisation nor devaluation are the real issues, says Richard Madigan, director of Latin American investments at Offitbank. The debate on Argentina should now centre on ""the administration's willingness to accept (well-earned and deserved) support - and breathing space - from the multilaterals, to work itself out of its current economic malaise"". </s>"
1537,"<s>[INST] For what investors really want to see in Argentina - the thinking goes - is growth.  Many analysts now believe that Argentina should get some breathing space [/INST]  to cut taxes and to get the economy moving. So neither dollarisation nor devaluation are the real issues, says Richard Madigan, director of Latin American investments at Offitbank. </s>"
1538,"<s>[INST]  So neither dollarisation nor devaluation are the real issues, says [/INST]  Richard Madigan, director of Latin American investments at Offitbank. The debate on Argentina should now centre on ""the administration's willingness to accept (well-earned and deserved) support - and breathing space - from the multilaterals, to work itself out of its current economic malaise"". Copyright Financial Times Limited 2000. </s>"
1539,"<s>[INST] Many analysts now believe that Argentina should get some breathing space to cut taxes and to get the economy moving.  So neither dollarisation nor devaluation are the real issues, says [/INST]  Richard Madigan, director of Latin American investments at Offitbank. The debate on Argentina should now centre on ""the administration's willingness to accept (well-earned and deserved) support - and breathing space - from the multilaterals, to work itself out of its current economic malaise"". </s>"
1540,"<s>[INST]  The debate on Argentina should now centre on ""the administration's willingness to accept (well-earned and deserved) support - [/INST]  and breathing space - from the multilaterals, to work itself out of its current economic malaise"". Copyright Financial Times Limited 2000. All Rights Reserved. </s>"
1541,"<s>[INST] So neither dollarisation nor devaluation are the real issues, says Richard Madigan, director of Latin American investments at Offitbank.  The debate on Argentina should now centre on ""the administration's willingness to accept (well-earned and deserved) support - [/INST]  and breathing space - from the multilaterals, to work itself out of its current economic malaise"". Copyright Financial Times Limited 2000. </s>"
1542,"<s>[INST]  Full text: With most emerging markets now pulling out of recession, international [/INST]  investors have begun to focus with some concern on Argentina's debt. It is perhaps easy to see why. Argentina is one of the largest emerging market borrowers. </s>"
1543,"<s>[INST] All Rights Reserved.  Full text: With most emerging markets now pulling out of recession, international [/INST]  investors have begun to focus with some concern on Argentina's debt. It is perhaps easy to see why. </s>"
1544,"<s>[INST]  Even after reductions in its weighting, the country still makes up around [/INST]  20 per cent of JP Morgan's Emerging Market Bond Index Global. Argentina has long been a favourite in international capital markets for its good record of repayment and efficient borrowing practices. But its lacklustre growth and worries about the direction of some of its debt ratios mean that investors are demanding high returns. </s>"
1545,"<s>[INST] Argentina is one of the largest emerging market borrowers.  Even after reductions in its weighting, the country still makes up around [/INST]  20 per cent of JP Morgan's Emerging Market Bond Index Global. Argentina has long been a favourite in international capital markets for its good record of repayment and efficient borrowing practices. </s>"
1546,"<s>[INST]  Argentina has long been a favourite in international capital markets for [/INST]  its good record of repayment and efficient borrowing practices. But its lacklustre growth and worries about the direction of some of its debt ratios mean that investors are demanding high returns. Recently, Argentine bonds were trading at 684 basis points over US Treasuries, according to the EMBI Global - slightly better than the 712 basis point spread reached at the end of August. </s>"
1547,"<s>[INST] Even after reductions in its weighting, the country still makes up around 20 per cent of JP Morgan's Emerging Market Bond Index Global.  Argentina has long been a favourite in international capital markets for [/INST]  its good record of repayment and efficient borrowing practices. But its lacklustre growth and worries about the direction of some of its debt ratios mean that investors are demanding high returns. </s>"
1548,"<s>[INST]  But its lacklustre growth and worries about the direction of some of [/INST]  its debt ratios mean that investors are demanding high returns. Recently, Argentine bonds were trading at 684 basis points over US Treasuries, according to the EMBI Global - slightly better than the 712 basis point spread reached at the end of August. Part of the reason for the bearishness about Argentine debt is structural. </s>"
1549,"<s>[INST] Argentina has long been a favourite in international capital markets for its good record of repayment and efficient borrowing practices.  But its lacklustre growth and worries about the direction of some of [/INST]  its debt ratios mean that investors are demanding high returns. Recently, Argentine bonds were trading at 684 basis points over US Treasuries, according to the EMBI Global - slightly better than the 712 basis point spread reached at the end of August. </s>"
1550,"<s>[INST]  Recently, Argentine bonds were trading at 684 basis points over US Treasuries, according to the EMBI Global [/INST]  - slightly better than the 712 basis point spread reached at the end of August. Part of the reason for the bearishness about Argentine debt is structural. Argentina's currency board system, which backs every peso in circulation with a dollar, makes the country highly dependent on external financing. </s>"
1551,"<s>[INST] But its lacklustre growth and worries about the direction of some of its debt ratios mean that investors are demanding high returns.  Recently, Argentine bonds were trading at 684 basis points over US Treasuries, according to the EMBI Global [/INST]  - slightly better than the 712 basis point spread reached at the end of August. Part of the reason for the bearishness about Argentine debt is structural. </s>"
1552,"<s>[INST]  Part of the reason for the bearishness [/INST]  about Argentine debt is structural. Argentina's currency board system, which backs every peso in circulation with a dollar, makes the country highly dependent on external financing. That is one reason why Moody's Investors Service, the international ratings agency, has given the country's external debt a relatively low grade of B1. </s>"
1553,"<s>[INST] Recently, Argentine bonds were trading at 684 basis points over US Treasuries, according to the EMBI Global - slightly better than the 712 basis point spread reached at the end of August.  Part of the reason for the bearishness [/INST]  about Argentine debt is structural. Argentina's currency board system, which backs every peso in circulation with a dollar, makes the country highly dependent on external financing. </s>"
1554,"<s>[INST]  Argentina's currency board system, which backs every peso in circulation with [/INST]  a dollar, makes the country highly dependent on external financing. That is one reason why Moody's Investors Service, the international ratings agency, has given the country's external debt a relatively low grade of B1. Rival agency Standard & Poor's has its equivalent rating two notches higher, at BB, but still two notches below investment grade. </s>"
1555,"<s>[INST] Part of the reason for the bearishness about Argentine debt is structural.  Argentina's currency board system, which backs every peso in circulation with [/INST]  a dollar, makes the country highly dependent on external financing. That is one reason why Moody's Investors Service, the international ratings agency, has given the country's external debt a relatively low grade of B1. </s>"
1556,"<s>[INST]  That is one reason why Moody's Investors Service, the international ratings agency, has [/INST]  given the country's external debt a relatively low grade of B1. Rival agency Standard & Poor's has its equivalent rating two notches higher, at BB, but still two notches below investment grade. There is periodic talk - most recently by former president Carlos Menem - of either abandoning the currency board or dollarising the economy. </s>"
1557,"<s>[INST] Argentina's currency board system, which backs every peso in circulation with a dollar, makes the country highly dependent on external financing.  That is one reason why Moody's Investors Service, the international ratings agency, has [/INST]  given the country's external debt a relatively low grade of B1. Rival agency Standard & Poor's has its equivalent rating two notches higher, at BB, but still two notches below investment grade. </s>"
1558,"<s>[INST]  Rival agency Standard & Poor's has its equivalent rating two notches [/INST]  higher, at BB, but still two notches below investment grade. There is periodic talk - most recently by former president Carlos Menem - of either abandoning the currency board or dollarising the economy. But neither option has much popular support, and it is questionable whether they would solve any of Argentina's problems. </s>"
1559,"<s>[INST] That is one reason why Moody's Investors Service, the international ratings agency, has given the country's external debt a relatively low grade of B1.  Rival agency Standard & Poor's has its equivalent rating two notches [/INST]  higher, at BB, but still two notches below investment grade. There is periodic talk - most recently by former president Carlos Menem - of either abandoning the currency board or dollarising the economy. </s>"
1560,"<s>[INST]  There is periodic talk - most recently by former president Carlos Menem [/INST]  - of either abandoning the currency board or dollarising the economy. But neither option has much popular support, and it is questionable whether they would solve any of Argentina's problems. For most Argentines, a devaluation is unthinkable. </s>"
1561,"<s>[INST] Rival agency Standard & Poor's has its equivalent rating two notches higher, at BB, but still two notches below investment grade.  There is periodic talk - most recently by former president Carlos Menem [/INST]  - of either abandoning the currency board or dollarising the economy. But neither option has much popular support, and it is questionable whether they would solve any of Argentina's problems. </s>"
1562,"<s>[INST]  But neither option has much popular support, and it is [/INST]  questionable whether they would solve any of Argentina's problems. For most Argentines, a devaluation is unthinkable. And given the high amount of dollar-denominated debt held by the country, it would almost certainly lead to a default. </s>"
1563,"<s>[INST] There is periodic talk - most recently by former president Carlos Menem - of either abandoning the currency board or dollarising the economy.  But neither option has much popular support, and it is [/INST]  questionable whether they would solve any of Argentina's problems. For most Argentines, a devaluation is unthinkable. </s>"
1564,"<s>[INST]  And given the high amount of dollar-denominated debt held by the [/INST]  country, it would almost certainly lead to a default. The opposite path, of simply adopting the dollar, would also be unlikely to help Argentina's debt situation. ""Argentina's dollarisation - short of full monetary union - would not have a significant impact on the credit quality of the country,"" Moody's wrote in a detailed analysis last year. </s>"
1565,"<s>[INST] For most Argentines, a devaluation is unthinkable.  And given the high amount of dollar-denominated debt held by the [/INST]  country, it would almost certainly lead to a default. The opposite path, of simply adopting the dollar, would also be unlikely to help Argentina's debt situation. </s>"
1566,"<s>[INST]  The opposite path, of simply adopting the dollar, would [/INST]  also be unlikely to help Argentina's debt situation. ""Argentina's dollarisation - short of full monetary union - would not have a significant impact on the credit quality of the country,"" Moody's wrote in a detailed analysis last year. ""Ultimately, Argentina's fundamental creditworthiness would continue to be largely determined by its fiscal performance, the country's ability to generate net exports and attract foreign capital inflows, all instrumental in the face of an externally determined money supply"". </s>"
1567,"<s>[INST] And given the high amount of dollar-denominated debt held by the country, it would almost certainly lead to a default.  The opposite path, of simply adopting the dollar, would [/INST]  also be unlikely to help Argentina's debt situation. ""Argentina's dollarisation - short of full monetary union - would not have a significant impact on the credit quality of the country,"" Moody's wrote in a detailed analysis last year. </s>"
1568,"<s>[INST]  ""Argentina's dollarisation - short of full monetary union - would not have a significant impact on [/INST]  the credit quality of the country,"" Moody's wrote in a detailed analysis last year. ""Ultimately, Argentina's fundamental creditworthiness would continue to be largely determined by its fiscal performance, the country's ability to generate net exports and attract foreign capital inflows, all instrumental in the face of an externally determined money supply"". In other words - the very same issues that Argentina faces today. </s>"
1569,"<s>[INST] The opposite path, of simply adopting the dollar, would also be unlikely to help Argentina's debt situation.  ""Argentina's dollarisation - short of full monetary union - would not have a significant impact on [/INST]  the credit quality of the country,"" Moody's wrote in a detailed analysis last year. ""Ultimately, Argentina's fundamental creditworthiness would continue to be largely determined by its fiscal performance, the country's ability to generate net exports and attract foreign capital inflows, all instrumental in the face of an externally determined money supply"". </s>"
1570,"<s>[INST]  ""Ultimately, Argentina's fundamental creditworthiness would continue to be largely determined by its fiscal performance, the country's ability to generate [/INST]  net exports and attract foreign capital inflows, all instrumental in the face of an externally determined money supply"". In other words - the very same issues that Argentina faces today. Among them: the fact that Argentina is still a relatively puny exporter, and that, with most of the main privatisations over and done, foreign investment has tailed off. </s>"
1571,"<s>[INST] ""Argentina's dollarisation - short of full monetary union - would not have a significant impact on the credit quality of the country,"" Moody's wrote in a detailed analysis last year.  ""Ultimately, Argentina's fundamental creditworthiness would continue to be largely determined by its fiscal performance, the country's ability to generate [/INST]  net exports and attract foreign capital inflows, all instrumental in the face of an externally determined money supply"". In other words - the very same issues that Argentina faces today. </s>"
1572,"<s>[INST]  In other words - the very same [/INST]  issues that Argentina faces today. Among them: the fact that Argentina is still a relatively puny exporter, and that, with most of the main privatisations over and done, foreign investment has tailed off. Deregulation in the telecoms sector could help, and that is already under way. </s>"
1573,"<s>[INST] ""Ultimately, Argentina's fundamental creditworthiness would continue to be largely determined by its fiscal performance, the country's ability to generate net exports and attract foreign capital inflows, all instrumental in the face of an externally determined money supply"".  In other words - the very same [/INST]  issues that Argentina faces today. Among them: the fact that Argentina is still a relatively puny exporter, and that, with most of the main privatisations over and done, foreign investment has tailed off. </s>"
1574,"<s>[INST]  Among them: the fact that Argentina is still a relatively puny exporter, and that, with [/INST]  most of the main privatisations over and done, foreign investment has tailed off. Deregulation in the telecoms sector could help, and that is already under way. But for Argentina, there is simply no quick fix for its present predicament. </s>"
1575,"<s>[INST] In other words - the very same issues that Argentina faces today.  Among them: the fact that Argentina is still a relatively puny exporter, and that, with [/INST]  most of the main privatisations over and done, foreign investment has tailed off. Deregulation in the telecoms sector could help, and that is already under way. </s>"
1576,"<s>[INST]  Deregulation in the telecoms sector could help, [/INST]  and that is already under way. But for Argentina, there is simply no quick fix for its present predicament. That leaves policymakers with few options. </s>"
1577,"<s>[INST] Among them: the fact that Argentina is still a relatively puny exporter, and that, with most of the main privatisations over and done, foreign investment has tailed off.  Deregulation in the telecoms sector could help, [/INST]  and that is already under way. But for Argentina, there is simply no quick fix for its present predicament. </s>"
1578,"<s>[INST]  But for Argentina, there is simply no [/INST]  quick fix for its present predicament. That leaves policymakers with few options. The country needs to keep its fiscal deficit in check, but most importantly, it needs to see some growth soon. </s>"
1579,"<s>[INST] Deregulation in the telecoms sector could help, and that is already under way.  But for Argentina, there is simply no [/INST]  quick fix for its present predicament. That leaves policymakers with few options. </s>"
1580,"<s>[INST]  The country needs to keep its fiscal deficit in check, but [/INST]  most importantly, it needs to see some growth soon. On the positive side, studies suggest that it may not have to perform miracles on either front to get on top of its problems. In a detailed analysis earlier this month entitled Argentina Debt Dynamics: Much ado about not so much , JP Morgan found that the country needed a relatively small adjustment to put its debt ratios back on a sustainable path. </s>"
1581,"<s>[INST] That leaves policymakers with few options.  The country needs to keep its fiscal deficit in check, but [/INST]  most importantly, it needs to see some growth soon. On the positive side, studies suggest that it may not have to perform miracles on either front to get on top of its problems. </s>"
1582,"<s>[INST]  On the positive side, studies suggest that it may not have to perform [/INST]  miracles on either front to get on top of its problems. In a detailed analysis earlier this month entitled Argentina Debt Dynamics: Much ado about not so much , JP Morgan found that the country needed a relatively small adjustment to put its debt ratios back on a sustainable path. Specifically, it needs to grow at a rate of 4.3 per cent in nominal terms to stabilise its debt-to-GDP ratio, or increase the primary surplus by 1.6 per cent of GDP. </s>"
1583,"<s>[INST] The country needs to keep its fiscal deficit in check, but most importantly, it needs to see some growth soon.  On the positive side, studies suggest that it may not have to perform [/INST]  miracles on either front to get on top of its problems. In a detailed analysis earlier this month entitled Argentina Debt Dynamics: Much ado about not so much , JP Morgan found that the country needed a relatively small adjustment to put its debt ratios back on a sustainable path. </s>"
1584,"<s>[INST]  In a detailed analysis earlier this month entitled Argentina Debt Dynamics: Much ado about not so much , JP Morgan [/INST]  found that the country needed a relatively small adjustment to put its debt ratios back on a sustainable path. Specifically, it needs to grow at a rate of 4.3 per cent in nominal terms to stabilise its debt-to-GDP ratio, or increase the primary surplus by 1.6 per cent of GDP. ""We believe that the extent of the problems currently threatening Argentina is definitely very manageable,"" wrote David Sekiguchi, head of Latin America research at JP Morgan. </s>"
1585,"<s>[INST] On the positive side, studies suggest that it may not have to perform miracles on either front to get on top of its problems.  In a detailed analysis earlier this month entitled Argentina Debt Dynamics: Much ado about not so much , JP Morgan [/INST]  found that the country needed a relatively small adjustment to put its debt ratios back on a sustainable path. Specifically, it needs to grow at a rate of 4.3 per cent in nominal terms to stabilise its debt-to-GDP ratio, or increase the primary surplus by 1.6 per cent of GDP. </s>"
1586,"<s>[INST]  Specifically, it needs to grow at a rate of 4.3 per cent in nominal terms to [/INST]  stabilise its debt-to-GDP ratio, or increase the primary surplus by 1.6 per cent of GDP. ""We believe that the extent of the problems currently threatening Argentina is definitely very manageable,"" wrote David Sekiguchi, head of Latin America research at JP Morgan. Fears of a scenario in which Argentina might default also seem overblown, at least in the current environment. </s>"
1587,"<s>[INST] In a detailed analysis earlier this month entitled Argentina Debt Dynamics: Much ado about not so much , JP Morgan found that the country needed a relatively small adjustment to put its debt ratios back on a sustainable path.  Specifically, it needs to grow at a rate of 4.3 per cent in nominal terms to [/INST]  stabilise its debt-to-GDP ratio, or increase the primary surplus by 1.6 per cent of GDP. ""We believe that the extent of the problems currently threatening Argentina is definitely very manageable,"" wrote David Sekiguchi, head of Latin America research at JP Morgan. </s>"
1588,"<s>[INST]  ""We believe that the extent of the problems currently threatening Argentina is definitely very [/INST]  manageable,"" wrote David Sekiguchi, head of Latin America research at JP Morgan. Fears of a scenario in which Argentina might default also seem overblown, at least in the current environment. The country has a $7.2bn standby loan arrangement with the IMF and a relatively comfortable debt profile - the average maturity of its bonds is 8.5 years. </s>"
1589,"<s>[INST] Specifically, it needs to grow at a rate of 4.3 per cent in nominal terms to stabilise its debt-to-GDP ratio, or increase the primary surplus by 1.6 per cent of GDP.  ""We believe that the extent of the problems currently threatening Argentina is definitely very [/INST]  manageable,"" wrote David Sekiguchi, head of Latin America research at JP Morgan. Fears of a scenario in which Argentina might default also seem overblown, at least in the current environment. </s>"
1590,"<s>[INST]  Fears of a scenario in which Argentina might default also [/INST]  seem overblown, at least in the current environment. The country has a $7.2bn standby loan arrangement with the IMF and a relatively comfortable debt profile - the average maturity of its bonds is 8.5 years. If growth restarts, the pessimism will likely fade away. </s>"
1591,"<s>[INST] ""We believe that the extent of the problems currently threatening Argentina is definitely very manageable,"" wrote David Sekiguchi, head of Latin America research at JP Morgan.  Fears of a scenario in which Argentina might default also [/INST]  seem overblown, at least in the current environment. The country has a $7.2bn standby loan arrangement with the IMF and a relatively comfortable debt profile - the average maturity of its bonds is 8.5 years. </s>"
1592,"<s>[INST]  The country has a $7.2bn standby loan arrangement with the IMF and a relatively [/INST]  comfortable debt profile - the average maturity of its bonds is 8.5 years. If growth restarts, the pessimism will likely fade away. Should the economy continue to drag along at current growth rates of 1 to 2 per cent, however, the country's accounts could start to deteriorate significantly. </s>"
1593,"<s>[INST] Fears of a scenario in which Argentina might default also seem overblown, at least in the current environment.  The country has a $7.2bn standby loan arrangement with the IMF and a relatively [/INST]  comfortable debt profile - the average maturity of its bonds is 8.5 years. If growth restarts, the pessimism will likely fade away. </s>"
1594,"<s>[INST]  Should the economy continue to drag along at current growth rates of 1 to [/INST]  2 per cent, however, the country's accounts could start to deteriorate significantly. A drop in borrowing rates would clearly help. But so far, the market has been fixated on the bad fiscal news, which it fears signals an imminent crisis. </s>"
1595,"<s>[INST] If growth restarts, the pessimism will likely fade away.  Should the economy continue to drag along at current growth rates of 1 to [/INST]  2 per cent, however, the country's accounts could start to deteriorate significantly. A drop in borrowing rates would clearly help. </s>"
1596,"<s>[INST]  But so far, the market has been fixated on the bad [/INST]  fiscal news, which it fears signals an imminent crisis. One option to break the pattern - which, after all, threatens to become a self-fulfilling prophecy - is to try to shift the market's focus away from the fiscal deficit. Some economists now think that, if explained properly and carried out with IMF approval, the market could be persuaded to give Argentina some room on the fiscal front. </s>"
1597,"<s>[INST] A drop in borrowing rates would clearly help.  But so far, the market has been fixated on the bad [/INST]  fiscal news, which it fears signals an imminent crisis. One option to break the pattern - which, after all, threatens to become a self-fulfilling prophecy - is to try to shift the market's focus away from the fiscal deficit. </s>"
1598,"<s>[INST]  One option to break the pattern - which, after all, threatens to become a self-fulfilling prophecy [/INST]  - is to try to shift the market's focus away from the fiscal deficit. Some economists now think that, if explained properly and carried out with IMF approval, the market could be persuaded to give Argentina some room on the fiscal front. For what investors really want to see in Argentina - the thinking goes - is growth. </s>"
1599,"<s>[INST] But so far, the market has been fixated on the bad fiscal news, which it fears signals an imminent crisis.  One option to break the pattern - which, after all, threatens to become a self-fulfilling prophecy [/INST]  - is to try to shift the market's focus away from the fiscal deficit. Some economists now think that, if explained properly and carried out with IMF approval, the market could be persuaded to give Argentina some room on the fiscal front. </s>"
1600,"<s>[INST]  Some economists now think that, if explained properly and carried out with IMF approval, the [/INST]  market could be persuaded to give Argentina some room on the fiscal front. For what investors really want to see in Argentina - the thinking goes - is growth. ""The government has been giving priority to the fiscal adjustment over the economy,"" wrote Carlos Janada, an economist at Morgan Stanley Dean Witter. </s>"
1601,"<s>[INST] One option to break the pattern - which, after all, threatens to become a self-fulfilling prophecy - is to try to shift the market's focus away from the fiscal deficit.  Some economists now think that, if explained properly and carried out with IMF approval, the [/INST]  market could be persuaded to give Argentina some room on the fiscal front. For what investors really want to see in Argentina - the thinking goes - is growth. </s>"
1602,"<s>[INST]  For what investors really want to see in Argentina [/INST]  - the thinking goes - is growth. ""The government has been giving priority to the fiscal adjustment over the economy,"" wrote Carlos Janada, an economist at Morgan Stanley Dean Witter. ""Another fiscal package would marginally help the fiscal finances, but would hurt the economy even more. </s>"
1603,"<s>[INST] Some economists now think that, if explained properly and carried out with IMF approval, the market could be persuaded to give Argentina some room on the fiscal front.  For what investors really want to see in Argentina [/INST]  - the thinking goes - is growth. ""The government has been giving priority to the fiscal adjustment over the economy,"" wrote Carlos Janada, an economist at Morgan Stanley Dean Witter. </s>"
1604,"<s>[INST]  ""The government has been giving priority to the fiscal adjustment over the [/INST]  economy,"" wrote Carlos Janada, an economist at Morgan Stanley Dean Witter. ""Another fiscal package would marginally help the fiscal finances, but would hurt the economy even more. It is probable that the time has come to gain more room on the fiscal front by expanding the IMF fiscal target"". </s>"
1605,"<s>[INST] For what investors really want to see in Argentina - the thinking goes - is growth.  ""The government has been giving priority to the fiscal adjustment over the [/INST]  economy,"" wrote Carlos Janada, an economist at Morgan Stanley Dean Witter. ""Another fiscal package would marginally help the fiscal finances, but would hurt the economy even more. </s>"
1606,"<s>[INST]  ""Another fiscal package would marginally help the fiscal finances, [/INST]  but would hurt the economy even more. It is probable that the time has come to gain more room on the fiscal front by expanding the IMF fiscal target"". That is exactly what Jose Luis Machinea, economy minister, did this month, lifting the target for the federal deficit this year from $4.7bn to $5.3bn. </s>"
1607,"<s>[INST] ""The government has been giving priority to the fiscal adjustment over the economy,"" wrote Carlos Janada, an economist at Morgan Stanley Dean Witter.  ""Another fiscal package would marginally help the fiscal finances, [/INST]  but would hurt the economy even more. It is probable that the time has come to gain more room on the fiscal front by expanding the IMF fiscal target"". </s>"
1608,"<s>[INST]  It is probable that the time has come to gain more room [/INST]  on the fiscal front by expanding the IMF fiscal target"". That is exactly what Jose Luis Machinea, economy minister, did this month, lifting the target for the federal deficit this year from $4.7bn to $5.3bn. In the new budget, Mr Machinea also introduced $700m in spending cuts, and vowed to maintain strict austerity measures. </s>"
1609,"<s>[INST] ""Another fiscal package would marginally help the fiscal finances, but would hurt the economy even more.  It is probable that the time has come to gain more room [/INST]  on the fiscal front by expanding the IMF fiscal target"". That is exactly what Jose Luis Machinea, economy minister, did this month, lifting the target for the federal deficit this year from $4.7bn to $5.3bn. </s>"
1610,"<s>[INST]  That is exactly what Jose Luis Machinea, economy minister, did this month, lifting [/INST]  the target for the federal deficit this year from $4.7bn to $5.3bn. In the new budget, Mr Machinea also introduced $700m in spending cuts, and vowed to maintain strict austerity measures. Many analysts now believe that Argentina should get some breathing space to cut taxes and to get the economy moving. </s>"
1611,"<s>[INST] It is probable that the time has come to gain more room on the fiscal front by expanding the IMF fiscal target"".  That is exactly what Jose Luis Machinea, economy minister, did this month, lifting [/INST]  the target for the federal deficit this year from $4.7bn to $5.3bn. In the new budget, Mr Machinea also introduced $700m in spending cuts, and vowed to maintain strict austerity measures. </s>"
1612,"<s>[INST]  In the new budget, Mr Machinea also introduced $700m in [/INST]  spending cuts, and vowed to maintain strict austerity measures. Many analysts now believe that Argentina should get some breathing space to cut taxes and to get the economy moving. So neither dollarisation nor devaluation are the real issues, says Richard Madigan, director of Latin American investments at Offitbank. </s>"
1613,"<s>[INST] That is exactly what Jose Luis Machinea, economy minister, did this month, lifting the target for the federal deficit this year from $4.7bn to $5.3bn.  In the new budget, Mr Machinea also introduced $700m in [/INST]  spending cuts, and vowed to maintain strict austerity measures. Many analysts now believe that Argentina should get some breathing space to cut taxes and to get the economy moving. </s>"
1614,"<s>[INST]  Many analysts now believe that Argentina should get some breathing space [/INST]  to cut taxes and to get the economy moving. So neither dollarisation nor devaluation are the real issues, says Richard Madigan, director of Latin American investments at Offitbank. The debate on Argentina should now centre on ""the administration's willingness to accept (well-earned and deserved) support - and breathing space - from the multilaterals, to work itself out of its current economic malaise"". </s>"
1615,"<s>[INST] In the new budget, Mr Machinea also introduced $700m in spending cuts, and vowed to maintain strict austerity measures.  Many analysts now believe that Argentina should get some breathing space [/INST]  to cut taxes and to get the economy moving. So neither dollarisation nor devaluation are the real issues, says Richard Madigan, director of Latin American investments at Offitbank. </s>"
1616,"<s>[INST]  So neither dollarisation nor devaluation are the real issues, says [/INST]  Richard Madigan, director of Latin American investments at Offitbank. The debate on Argentina should now centre on ""the administration's willingness to accept (well-earned and deserved) support - and breathing space - from the multilaterals, to work itself out of its current economic malaise"". Copyright Financial Times Limited 2000. </s>"
1617,"<s>[INST] Many analysts now believe that Argentina should get some breathing space to cut taxes and to get the economy moving.  So neither dollarisation nor devaluation are the real issues, says [/INST]  Richard Madigan, director of Latin American investments at Offitbank. The debate on Argentina should now centre on ""the administration's willingness to accept (well-earned and deserved) support - and breathing space - from the multilaterals, to work itself out of its current economic malaise"". </s>"
1618,"<s>[INST]  The debate on Argentina should now centre on ""the administration's willingness to accept (well-earned and deserved) support - [/INST]  and breathing space - from the multilaterals, to work itself out of its current economic malaise"". Copyright Financial Times Limited 2000. All Rights Reserved. </s>"
1619,"<s>[INST] So neither dollarisation nor devaluation are the real issues, says Richard Madigan, director of Latin American investments at Offitbank.  The debate on Argentina should now centre on ""the administration's willingness to accept (well-earned and deserved) support - [/INST]  and breathing space - from the multilaterals, to work itself out of its current economic malaise"". Copyright Financial Times Limited 2000. </s>"
1620,"<s>[INST]  accountid=28034 Abstract: According to one recent study, Argentina is home to 325,000 internet domains, the fifth [/INST]  highest in the world, and 11 of the 15 most visited Spanish-language sites are Argentine. When Fernando de la Rua, the Argentine president, visited New York and Washington, earlier this month, he was accompanied by three of the country's most successful internet entrepreneurs: Roberto Cibrian of El Sitio, Wenceslao Casares of Patagon.com, and Martin Varsavsky, an Argentine who recently sold his Spanish internet service provider, Ya.com to Deutsche Telkom for about $500m.. El Sitio launched its initial public offering (IPO) in December 1999 when investor enthusiasm for the Latin American internet was at its height. </s>"
1621,"<s>[INST] proquest.com/docview/248790080?  accountid=28034 Abstract: According to one recent study, Argentina is home to 325,000 internet domains, the fifth [/INST]  highest in the world, and 11 of the 15 most visited Spanish-language sites are Argentine. When Fernando de la Rua, the Argentine president, visited New York and Washington, earlier this month, he was accompanied by three of the country's most successful internet entrepreneurs: Roberto Cibrian of El Sitio, Wenceslao Casares of Patagon.com, and Martin Varsavsky, an Argentine who recently sold his Spanish internet service provider, Ya.com to Deutsche Telkom for about $500m.. </s>"
1622,"<s>[INST]  When Fernando de la Rua, the Argentine president, visited New York and Washington, earlier this month, he was accompanied by three of the country's most successful internet entrepreneurs: Roberto [/INST]  Cibrian of El Sitio, Wenceslao Casares of Patagon.com, and Martin Varsavsky, an Argentine who recently sold his Spanish internet service provider, Ya.com to Deutsche Telkom for about $500m.. El Sitio launched its initial public offering (IPO) in December 1999 when investor enthusiasm for the Latin American internet was at its height. Its deal - which was more than 30 times oversubscribed - raised $131m and valued the company at more than $1bn, the same size as Argentina's biggest industrial companies. </s>"
1623,"<s>[INST] accountid=28034  Abstract: According to one recent study, Argentina is home to 325,000 internet domains, the fifth highest in the world, and 11 of the 15 most visited Spanish-language sites are Argentine.  When Fernando de la Rua, the Argentine president, visited New York and Washington, earlier this month, he was accompanied by three of the country's most successful internet entrepreneurs: Roberto [/INST]  Cibrian of El Sitio, Wenceslao Casares of Patagon.com, and Martin Varsavsky, an Argentine who recently sold his Spanish internet service provider, Ya.com to Deutsche Telkom for about $500m.. El Sitio launched its initial public offering (IPO) in December 1999 when investor enthusiasm for the Latin American internet was at its height. </s>"
1624,"<s>[INST]  El Sitio launched its initial public offering (IPO) in December 1999 when [/INST]  investor enthusiasm for the Latin American internet was at its height. Its deal - which was more than 30 times oversubscribed - raised $131m and valued the company at more than $1bn, the same size as Argentina's biggest industrial companies. Full text: The emergence of the new economy has shaken a conservative culture to its roots across Latin America, but perhaps nowhere more so than in Argentina. </s>"
1625,"<s>[INST] When Fernando de la Rua, the Argentine president, visited New York and Washington, earlier this month, he was accompanied by three of the country's most successful internet entrepreneurs: Roberto Cibrian of El Sitio, Wenceslao Casares of Patagon.com, and Martin Varsavsky, an Argentine who recently sold his Spanish internet service provider, Ya.com to Deutsche Telkom for about $500m..  El Sitio launched its initial public offering (IPO) in December 1999 when [/INST]  investor enthusiasm for the Latin American internet was at its height. Its deal - which was more than 30 times oversubscribed - raised $131m and valued the company at more than $1bn, the same size as Argentina's biggest industrial companies. </s>"
1626,"<s>[INST]  Its deal - which was more than 30 times oversubscribed - raised $131m and valued [/INST]  the company at more than $1bn, the same size as Argentina's biggest industrial companies. Full text: The emergence of the new economy has shaken a conservative culture to its roots across Latin America, but perhaps nowhere more so than in Argentina. While conventional businesses have struggled to raise capital from their banks or on the stock market, Argentines have been at the helm of internet companies that have been among the most successful in raising funds. </s>"
1627,"<s>[INST] El Sitio launched its initial public offering (IPO) in December 1999 when investor enthusiasm for the Latin American internet was at its height.  Its deal - which was more than 30 times oversubscribed - raised $131m and valued [/INST]  the company at more than $1bn, the same size as Argentina's biggest industrial companies. Full text: The emergence of the new economy has shaken a conservative culture to its roots across Latin America, but perhaps nowhere more so than in Argentina. </s>"
1628,"<s>[INST]  Full text: The emergence of the new economy has shaken a conservative culture to [/INST]  its roots across Latin America, but perhaps nowhere more so than in Argentina. While conventional businesses have struggled to raise capital from their banks or on the stock market, Argentines have been at the helm of internet companies that have been among the most successful in raising funds. Three companies - El Sitio, a horizontal portal and service provider, Patagon.com, a financial services vertical portal, and Impsat, a telecommunications company that specialises in developing broadband networks - have, in different ways, seized international attention. </s>"
1629,"<s>[INST] Its deal - which was more than 30 times oversubscribed - raised $131m and valued the company at more than $1bn, the same size as Argentina's biggest industrial companies.  Full text: The emergence of the new economy has shaken a conservative culture to [/INST]  its roots across Latin America, but perhaps nowhere more so than in Argentina. While conventional businesses have struggled to raise capital from their banks or on the stock market, Argentines have been at the helm of internet companies that have been among the most successful in raising funds. </s>"
1630,"<s>[INST]  While conventional businesses have struggled to raise capital from their banks or on the stock market, Argentines have [/INST]  been at the helm of internet companies that have been among the most successful in raising funds. Three companies - El Sitio, a horizontal portal and service provider, Patagon.com, a financial services vertical portal, and Impsat, a telecommunications company that specialises in developing broadband networks - have, in different ways, seized international attention. But dozens of smaller Argentine companies have also had success in attracting backing. </s>"
1631,"<s>[INST] Full text: The emergence of the new economy has shaken a conservative culture to its roots across Latin America, but perhaps nowhere more so than in Argentina.  While conventional businesses have struggled to raise capital from their banks or on the stock market, Argentines have [/INST]  been at the helm of internet companies that have been among the most successful in raising funds. Three companies - El Sitio, a horizontal portal and service provider, Patagon.com, a financial services vertical portal, and Impsat, a telecommunications company that specialises in developing broadband networks - have, in different ways, seized international attention. </s>"
1632,"<s>[INST]  Three companies - El Sitio, a horizontal portal and service provider, Patagon.com, a financial services vertical portal, and Impsat, [/INST]  a telecommunications company that specialises in developing broadband networks - have, in different ways, seized international attention. But dozens of smaller Argentine companies have also had success in attracting backing. Between October 1999 and June this year, as many as 60 internet start-ups raised about $500m from venture capitalists. </s>"
1633,"<s>[INST] While conventional businesses have struggled to raise capital from their banks or on the stock market, Argentines have been at the helm of internet companies that have been among the most successful in raising funds.  Three companies - El Sitio, a horizontal portal and service provider, Patagon.com, a financial services vertical portal, and Impsat, [/INST]  a telecommunications company that specialises in developing broadband networks - have, in different ways, seized international attention. But dozens of smaller Argentine companies have also had success in attracting backing. </s>"
1634,"<s>[INST]  But dozens of smaller Argentine companies have [/INST]  also had success in attracting backing. Between October 1999 and June this year, as many as 60 internet start-ups raised about $500m from venture capitalists. And although investors have grown more cautious in the wake of the correction in the Nasdaq in April many others are still seeking to follow suit. </s>"
1635,"<s>[INST] Three companies - El Sitio, a horizontal portal and service provider, Patagon.com, a financial services vertical portal, and Impsat, a telecommunications company that specialises in developing broadband networks - have, in different ways, seized international attention.  But dozens of smaller Argentine companies have [/INST]  also had success in attracting backing. Between October 1999 and June this year, as many as 60 internet start-ups raised about $500m from venture capitalists. </s>"
1636,"<s>[INST]  Between October 1999 and June this year, as many as [/INST]  60 internet start-ups raised about $500m from venture capitalists. And although investors have grown more cautious in the wake of the correction in the Nasdaq in April many others are still seeking to follow suit. According to one recent study, Argentina is home to 325,000 internet domains, the fifth highest in the world, and 11 of the 15 most visited Spanish-language sites are Argentine. </s>"
1637,"<s>[INST] But dozens of smaller Argentine companies have also had success in attracting backing.  Between October 1999 and June this year, as many as [/INST]  60 internet start-ups raised about $500m from venture capitalists. And although investors have grown more cautious in the wake of the correction in the Nasdaq in April many others are still seeking to follow suit. </s>"
1638,"<s>[INST]  And although investors have grown more cautious in the wake of the correction in [/INST]  the Nasdaq in April many others are still seeking to follow suit. According to one recent study, Argentina is home to 325,000 internet domains, the fifth highest in the world, and 11 of the 15 most visited Spanish-language sites are Argentine. There are several reasons why Argentina and especially its capital city, Buenos Aires, has become a centre for internet activity in the region. </s>"
1639,"<s>[INST] Between October 1999 and June this year, as many as 60 internet start-ups raised about $500m from venture capitalists.  And although investors have grown more cautious in the wake of the correction in [/INST]  the Nasdaq in April many others are still seeking to follow suit. According to one recent study, Argentina is home to 325,000 internet domains, the fifth highest in the world, and 11 of the 15 most visited Spanish-language sites are Argentine. </s>"
1640,"<s>[INST]  According to one recent study, Argentina is home to 325,000 internet domains, the fifth highest [/INST]  in the world, and 11 of the 15 most visited Spanish-language sites are Argentine. There are several reasons why Argentina and especially its capital city, Buenos Aires, has become a centre for internet activity in the region. The most obvious is that education levels are higher than in many neighbouring countries. </s>"
1641,"<s>[INST] And although investors have grown more cautious in the wake of the correction in the Nasdaq in April many others are still seeking to follow suit.  According to one recent study, Argentina is home to 325,000 internet domains, the fifth highest [/INST]  in the world, and 11 of the 15 most visited Spanish-language sites are Argentine. There are several reasons why Argentina and especially its capital city, Buenos Aires, has become a centre for internet activity in the region. </s>"
1642,"<s>[INST]  There are several reasons why Argentina and especially its capital city, Buenos [/INST]  Aires, has become a centre for internet activity in the region. The most obvious is that education levels are higher than in many neighbouring countries. ""There is a high level of access to information and technology and a penchant for gizmos,"" says Daniel Korn, an American Buenos Aires-based lawyer who counts as many as 200 start-ups among is clients. </s>"
1643,"<s>[INST] According to one recent study, Argentina is home to 325,000 internet domains, the fifth highest in the world, and 11 of the 15 most visited Spanish-language sites are Argentine.  There are several reasons why Argentina and especially its capital city, Buenos [/INST]  Aires, has become a centre for internet activity in the region. The most obvious is that education levels are higher than in many neighbouring countries. </s>"
1644,"<s>[INST]  The most obvious is that education levels are [/INST]  higher than in many neighbouring countries. ""There is a high level of access to information and technology and a penchant for gizmos,"" says Daniel Korn, an American Buenos Aires-based lawyer who counts as many as 200 start-ups among is clients. Recession - the Argentine economy contracted by 3 per cent in 1999 - is another reason. </s>"
1645,"<s>[INST] There are several reasons why Argentina and especially its capital city, Buenos Aires, has become a centre for internet activity in the region.  The most obvious is that education levels are [/INST]  higher than in many neighbouring countries. ""There is a high level of access to information and technology and a penchant for gizmos,"" says Daniel Korn, an American Buenos Aires-based lawyer who counts as many as 200 start-ups among is clients. </s>"
1646,"<s>[INST]  ""There is a high level of access to information and technology and a penchant for gizmos,"" says Daniel [/INST]  Korn, an American Buenos Aires-based lawyer who counts as many as 200 start-ups among is clients. Recession - the Argentine economy contracted by 3 per cent in 1999 - is another reason. Mr Korn says that with between one in six and one in seven people unemployed, the entrepreneurial spirit of the internet can be ""a passport out of this terrible recession. </s>"
1647,"<s>[INST] The most obvious is that education levels are higher than in many neighbouring countries.  ""There is a high level of access to information and technology and a penchant for gizmos,"" says Daniel [/INST]  Korn, an American Buenos Aires-based lawyer who counts as many as 200 start-ups among is clients. Recession - the Argentine economy contracted by 3 per cent in 1999 - is another reason. </s>"
1648,"<s>[INST]  Recession - the Argentine economy contracted by 3 per [/INST]  cent in 1999 - is another reason. Mr Korn says that with between one in six and one in seven people unemployed, the entrepreneurial spirit of the internet can be ""a passport out of this terrible recession. A lot of people are trying hard to find their footing"". </s>"
1649,"<s>[INST] ""There is a high level of access to information and technology and a penchant for gizmos,"" says Daniel Korn, an American Buenos Aires-based lawyer who counts as many as 200 start-ups among is clients.  Recession - the Argentine economy contracted by 3 per [/INST]  cent in 1999 - is another reason. Mr Korn says that with between one in six and one in seven people unemployed, the entrepreneurial spirit of the internet can be ""a passport out of this terrible recession. </s>"
1650,"<s>[INST]  Mr Korn says that with between one in six and one in seven people unemployed, the [/INST]  entrepreneurial spirit of the internet can be ""a passport out of this terrible recession. A lot of people are trying hard to find their footing"". Argentina's telecommunications infrastructure is relatively sophisticated. </s>"
1651,"<s>[INST] Recession - the Argentine economy contracted by 3 per cent in 1999 - is another reason.  Mr Korn says that with between one in six and one in seven people unemployed, the [/INST]  entrepreneurial spirit of the internet can be ""a passport out of this terrible recession. A lot of people are trying hard to find their footing"". </s>"
1652,"<s>[INST]  A lot of people are trying [/INST]  hard to find their footing"". Argentina's telecommunications infrastructure is relatively sophisticated. Cell phone penetration is the second or third highest in the world after the US and there are more cable lines than anywhere else in the region. </s>"
1653,"<s>[INST] Mr Korn says that with between one in six and one in seven people unemployed, the entrepreneurial spirit of the internet can be ""a passport out of this terrible recession.  A lot of people are trying [/INST]  hard to find their footing"". Argentina's telecommunications infrastructure is relatively sophisticated. </s>"
1654,<s>[INST]  Cell phone penetration is the second or third highest in the world after the [/INST]  US and there are more cable lines than anywhere else in the region. And official backing has also helped. Just over two months ago the state-owned Banco de la Nacion announced it was making available $1bn in low interest rate personal loans to allow Argentines to buy computers. </s>
1655,<s>[INST] Argentina's telecommunications infrastructure is relatively sophisticated.  Cell phone penetration is the second or third highest in the world after the [/INST]  US and there are more cable lines than anywhere else in the region. And official backing has also helped. </s>
1656,"<s>[INST]  Just over two months ago the state-owned Banco de la Nacion announced it was making [/INST]  available $1bn in low interest rate personal loans to allow Argentines to buy computers. When Fernando de la Rua, the Argentine president, visited New York and Washington, earlier this month, he was accompanied by three of the country's most successful internet entrepreneurs: Roberto Cibrian of El Sitio, Wenceslao Casares of Patagon.com, and Martin Varsavsky, an Argentine who recently sold his Spanish internet service provider, Ya.com to Deutsche Telkom for about $500m.. Argentine entrepreneurs have had better timing than some of their rivals elsewhere in Latin America . </s>"
1657,"<s>[INST] And official backing has also helped.  Just over two months ago the state-owned Banco de la Nacion announced it was making [/INST]  available $1bn in low interest rate personal loans to allow Argentines to buy computers. When Fernando de la Rua, the Argentine president, visited New York and Washington, earlier this month, he was accompanied by three of the country's most successful internet entrepreneurs: Roberto Cibrian of El Sitio, Wenceslao Casares of Patagon.com, and Martin Varsavsky, an Argentine who recently sold his Spanish internet service provider, Ya.com to Deutsche Telkom for about $500m.. </s>"
1658,"<s>[INST]  When Fernando de la Rua, the Argentine president, visited New York and Washington, earlier this month, he was accompanied by three of the country's most successful internet entrepreneurs: Roberto [/INST]  Cibrian of El Sitio, Wenceslao Casares of Patagon.com, and Martin Varsavsky, an Argentine who recently sold his Spanish internet service provider, Ya.com to Deutsche Telkom for about $500m.. Argentine entrepreneurs have had better timing than some of their rivals elsewhere in Latin America . El Sitio launched its initial public offering (IPO) in December 1999 when investor enthusiasm for the Latin American internet was at its height. </s>"
1659,"<s>[INST] Just over two months ago the state-owned Banco de la Nacion announced it was making available $1bn in low interest rate personal loans to allow Argentines to buy computers.  When Fernando de la Rua, the Argentine president, visited New York and Washington, earlier this month, he was accompanied by three of the country's most successful internet entrepreneurs: Roberto [/INST]  Cibrian of El Sitio, Wenceslao Casares of Patagon.com, and Martin Varsavsky, an Argentine who recently sold his Spanish internet service provider, Ya.com to Deutsche Telkom for about $500m.. Argentine entrepreneurs have had better timing than some of their rivals elsewhere in Latin America . </s>"
1660,"<s>[INST]  Argentine entrepreneurs have had better timing than some of [/INST]  their rivals elsewhere in Latin America . El Sitio launched its initial public offering (IPO) in December 1999 when investor enthusiasm for the Latin American internet was at its height. Its deal - which was more than 30 times oversubscribed - raised $131m and valued the company at more than $1bn, the same size as Argentina's biggest industrial companies. </s>"
1661,"<s>[INST] When Fernando de la Rua, the Argentine president, visited New York and Washington, earlier this month, he was accompanied by three of the country's most successful internet entrepreneurs: Roberto Cibrian of El Sitio, Wenceslao Casares of Patagon.com, and Martin Varsavsky, an Argentine who recently sold his Spanish internet service provider, Ya.com to Deutsche Telkom for about $500m..  Argentine entrepreneurs have had better timing than some of [/INST]  their rivals elsewhere in Latin America . El Sitio launched its initial public offering (IPO) in December 1999 when investor enthusiasm for the Latin American internet was at its height. </s>"
1662,"<s>[INST]  El Sitio launched its initial public offering (IPO) in December 1999 when [/INST]  investor enthusiasm for the Latin American internet was at its height. Its deal - which was more than 30 times oversubscribed - raised $131m and valued the company at more than $1bn, the same size as Argentina's biggest industrial companies. Impsat raised some $244m in January in an IPO that initially valued the company at more than $2bn, and Patagon agreed to sell 75 per cent of its business to Santander for $529m a matter of days before the Nasdaq fell sharply in mid-April. </s>"
1663,"<s>[INST] Argentine entrepreneurs have had better timing than some of their rivals elsewhere in Latin America .  El Sitio launched its initial public offering (IPO) in December 1999 when [/INST]  investor enthusiasm for the Latin American internet was at its height. Its deal - which was more than 30 times oversubscribed - raised $131m and valued the company at more than $1bn, the same size as Argentina's biggest industrial companies. </s>"
1664,"<s>[INST]  Its deal - which was more than 30 times oversubscribed - raised $131m and valued [/INST]  the company at more than $1bn, the same size as Argentina's biggest industrial companies. Impsat raised some $244m in January in an IPO that initially valued the company at more than $2bn, and Patagon agreed to sell 75 per cent of its business to Santander for $529m a matter of days before the Nasdaq fell sharply in mid-April. El Sitio and Patagon.com in particular have inspired imitators. </s>"
1665,"<s>[INST] El Sitio launched its initial public offering (IPO) in December 1999 when investor enthusiasm for the Latin American internet was at its height.  Its deal - which was more than 30 times oversubscribed - raised $131m and valued [/INST]  the company at more than $1bn, the same size as Argentina's biggest industrial companies. Impsat raised some $244m in January in an IPO that initially valued the company at more than $2bn, and Patagon agreed to sell 75 per cent of its business to Santander for $529m a matter of days before the Nasdaq fell sharply in mid-April. </s>"
1666,"<s>[INST]  Impsat raised some $244m in January in an IPO that initially valued the company at more than $2bn, and Patagon agreed to sell [/INST]  75 per cent of its business to Santander for $529m a matter of days before the Nasdaq fell sharply in mid-April. El Sitio and Patagon.com in particular have inspired imitators. At one stage earlier this year, Mr Korn's office was processing as many as six applications for funds each week and dozens of companies were able to raise first round funding of between $4m and $10m from venture capitalists. </s>"
1667,"<s>[INST] Its deal - which was more than 30 times oversubscribed - raised $131m and valued the company at more than $1bn, the same size as Argentina's biggest industrial companies.  Impsat raised some $244m in January in an IPO that initially valued the company at more than $2bn, and Patagon agreed to sell [/INST]  75 per cent of its business to Santander for $529m a matter of days before the Nasdaq fell sharply in mid-April. El Sitio and Patagon.com in particular have inspired imitators. </s>"
1668,"<s>[INST]  At one stage earlier this year, Mr Korn's office was processing as many as six applications for funds each week [/INST]  and dozens of companies were able to raise first round funding of between $4m and $10m from venture capitalists. The shift in market sentiment in April has made matters more complicated, however, and some of the newcomers could find the going tougher. Mr Korn says venture capitalists are offering only between $2m and $5m for first round start-ups and deals are taking much longer to agree. </s>"
1669,"<s>[INST] El Sitio and Patagon.com in particular have inspired imitators.  At one stage earlier this year, Mr Korn's office was processing as many as six applications for funds each week [/INST]  and dozens of companies were able to raise first round funding of between $4m and $10m from venture capitalists. The shift in market sentiment in April has made matters more complicated, however, and some of the newcomers could find the going tougher. </s>"
1670,"<s>[INST]  The shift in market sentiment in April has made matters more complicated, [/INST]  however, and some of the newcomers could find the going tougher. Mr Korn says venture capitalists are offering only between $2m and $5m for first round start-ups and deals are taking much longer to agree. And, with money less easy to come by, the reality of the limited size of the domestic market is looming large. </s>"
1671,"<s>[INST] At one stage earlier this year, Mr Korn's office was processing as many as six applications for funds each week and dozens of companies were able to raise first round funding of between $4m and $10m from venture capitalists.  The shift in market sentiment in April has made matters more complicated, [/INST]  however, and some of the newcomers could find the going tougher. Mr Korn says venture capitalists are offering only between $2m and $5m for first round start-ups and deals are taking much longer to agree. </s>"
1672,"<s>[INST]  Mr Korn says venture capitalists are offering only between $2m and $5m for [/INST]  first round start-ups and deals are taking much longer to agree. And, with money less easy to come by, the reality of the limited size of the domestic market is looming large. According to one executive, the recession has depressed the size of Argentina's advertising revenues to about $1.5bn. </s>"
1673,"<s>[INST] The shift in market sentiment in April has made matters more complicated, however, and some of the newcomers could find the going tougher.  Mr Korn says venture capitalists are offering only between $2m and $5m for [/INST]  first round start-ups and deals are taking much longer to agree. And, with money less easy to come by, the reality of the limited size of the domestic market is looming large. </s>"
1674,"<s>[INST]  And, with money less easy to come by, the reality of [/INST]  the limited size of the domestic market is looming large. According to one executive, the recession has depressed the size of Argentina's advertising revenues to about $1.5bn. On the basis of US experience only 2 per cent of this amount - between $7m and $8m - will be available to internet companies, forcing many to look overseas. </s>"
1675,"<s>[INST] Mr Korn says venture capitalists are offering only between $2m and $5m for first round start-ups and deals are taking much longer to agree.  And, with money less easy to come by, the reality of [/INST]  the limited size of the domestic market is looming large. According to one executive, the recession has depressed the size of Argentina's advertising revenues to about $1.5bn. </s>"
1676,"<s>[INST]  According to one executive, the recession has depressed the [/INST]  size of Argentina's advertising revenues to about $1.5bn. On the basis of US experience only 2 per cent of this amount - between $7m and $8m - will be available to internet companies, forcing many to look overseas. Argentine companies have already experienced some success as exporters - they produce 50 per cent of sites with Spanish language content. </s>"
1677,"<s>[INST] And, with money less easy to come by, the reality of the limited size of the domestic market is looming large.  According to one executive, the recession has depressed the [/INST]  size of Argentina's advertising revenues to about $1.5bn. On the basis of US experience only 2 per cent of this amount - between $7m and $8m - will be available to internet companies, forcing many to look overseas. </s>"
1678,"<s>[INST]  On the basis of US experience only 2 per cent of this amount - between $7m [/INST]  and $8m - will be available to internet companies, forcing many to look overseas. Argentine companies have already experienced some success as exporters - they produce 50 per cent of sites with Spanish language content. But competition is becoming much tougher as well capitalised companies - such as Terra, in which Spain's Telefonica has a majority share, and UOL of Brazil - begin to make inroads. </s>"
1679,"<s>[INST] According to one executive, the recession has depressed the size of Argentina's advertising revenues to about $1.5bn.  On the basis of US experience only 2 per cent of this amount - between $7m [/INST]  and $8m - will be available to internet companies, forcing many to look overseas. Argentine companies have already experienced some success as exporters - they produce 50 per cent of sites with Spanish language content. </s>"
1680,"<s>[INST]  Argentine companies have already experienced some success as exporters - they [/INST]  produce 50 per cent of sites with Spanish language content. But competition is becoming much tougher as well capitalised companies - such as Terra, in which Spain's Telefonica has a majority share, and UOL of Brazil - begin to make inroads. Already some start-ups have begun to hit difficulties. </s>"
1681,"<s>[INST] On the basis of US experience only 2 per cent of this amount - between $7m and $8m - will be available to internet companies, forcing many to look overseas.  Argentine companies have already experienced some success as exporters - they [/INST]  produce 50 per cent of sites with Spanish language content. But competition is becoming much tougher as well capitalised companies - such as Terra, in which Spain's Telefonica has a majority share, and UOL of Brazil - begin to make inroads. </s>"
1682,"<s>[INST]  But competition is becoming much tougher as well capitalised companies - such as Terra, in which [/INST]  Spain's Telefonica has a majority share, and UOL of Brazil - begin to make inroads. Already some start-ups have begun to hit difficulties. Roger Heale, equity analyst with Raymond James, the US financial services company, says that the internet boom could prove to be double-edged. </s>"
1683,"<s>[INST] Argentine companies have already experienced some success as exporters - they produce 50 per cent of sites with Spanish language content.  But competition is becoming much tougher as well capitalised companies - such as Terra, in which [/INST]  Spain's Telefonica has a majority share, and UOL of Brazil - begin to make inroads. Already some start-ups have begun to hit difficulties. </s>"
1684,"<s>[INST]  Roger Heale, equity analyst with Raymond James, the US financial services company, [/INST]  says that the internet boom could prove to be double-edged. ""It showed to investors that Argentines had its share of entrepreneurs but that they were basically shackled by a lack of capital. ""But at the same time the problems now being experienced allow the banks to say that they were right not to back these ventures in the first place"". </s>"
1685,"<s>[INST] Already some start-ups have begun to hit difficulties.  Roger Heale, equity analyst with Raymond James, the US financial services company, [/INST]  says that the internet boom could prove to be double-edged. ""It showed to investors that Argentines had its share of entrepreneurs but that they were basically shackled by a lack of capital. </s>"
1686,"<s>[INST]  ""It showed to investors that Argentines had its share of entrepreneurs but [/INST]  that they were basically shackled by a lack of capital. ""But at the same time the problems now being experienced allow the banks to say that they were right not to back these ventures in the first place"". Copyright Financial Times Limited 2000. </s>"
1687,"<s>[INST] Roger Heale, equity analyst with Raymond James, the US financial services company, says that the internet boom could prove to be double-edged.  ""It showed to investors that Argentines had its share of entrepreneurs but [/INST]  that they were basically shackled by a lack of capital. ""But at the same time the problems now being experienced allow the banks to say that they were right not to back these ventures in the first place"". </s>"
1688,"<s>[INST]  ""But at the same time the problems now being experienced allow the banks to say [/INST]  that they were right not to back these ventures in the first place"". Copyright Financial Times Limited 2000. All Rights Reserved. </s>"
1689,"<s>[INST] ""It showed to investors that Argentines had its share of entrepreneurs but that they were basically shackled by a lack of capital.  ""But at the same time the problems now being experienced allow the banks to say [/INST]  that they were right not to back these ventures in the first place"". Copyright Financial Times Limited 2000. </s>"
1690,<s>[INST]  html - focuses on the main industries [/INST]  and their history in Argentina. http://data. georgetown.edu/pdba/ Countries/countries. </s>
1691,<s>[INST] surdelsur.com/economia/ indexingles.  html - focuses on the main industries [/INST]  and their history in Argentina. http://data. </s>
1692,"<s>[INST]  economatica.com - comprehensive data and software for the analysis [/INST]  of the 1,000 biggest Latin American companies. http://www. interknowledge.com/ argentina - guide to Argentina, especially Buenos Aires, including links to accommodation and restaurants. </s>"
1693,"<s>[INST] http://www.  economatica.com - comprehensive data and software for the analysis [/INST]  of the 1,000 biggest Latin American companies. http://www. </s>"
1694,"<s>[INST]  interknowledge.com/ argentina - guide to Argentina, especially Buenos [/INST]  Aires, including links to accommodation and restaurants. http://www. bcra.gov. </s>"
1695,"<s>[INST] http://www.  interknowledge.com/ argentina - guide to Argentina, especially Buenos [/INST]  Aires, including links to accommodation and restaurants. http://www. </s>"
1696,"<s>[INST]  Full text: Except for Australians and New Zealanders, a valid [/INST]  passport is all that is needed to visit Argentina. A visa is not required for tourist and business visits up to 90 days. Getting there International flights arrive at Ezeiza, about 40 minutes ($40 taxi ride) from downtown Buenos Aires. </s>"
1697,"<s>[INST] asp...  Full text: Except for Australians and New Zealanders, a valid [/INST]  passport is all that is needed to visit Argentina. A visa is not required for tourist and business visits up to 90 days. </s>"
1698,"<s>[INST]  A visa is not required for tourist and [/INST]  business visits up to 90 days. Getting there International flights arrive at Ezeiza, about 40 minutes ($40 taxi ride) from downtown Buenos Aires. Domestic arrivals land at Aeroparque Jorge Newbery, 10 minutes from downtown (by taxi, about $10). </s>"
1699,"<s>[INST] Full text: Except for Australians and New Zealanders, a valid passport is all that is needed to visit Argentina.  A visa is not required for tourist and [/INST]  business visits up to 90 days. Getting there International flights arrive at Ezeiza, about 40 minutes ($40 taxi ride) from downtown Buenos Aires. </s>"
1700,"<s>[INST]  Getting there International flights arrive at Ezeiza, about 40 [/INST]  minutes ($40 taxi ride) from downtown Buenos Aires. Domestic arrivals land at Aeroparque Jorge Newbery, 10 minutes from downtown (by taxi, about $10). Business Most business starts at 8am and finishes at 8pm or 9pm with a long lunch taken until 3pm or 4pm. </s>"
1701,"<s>[INST] A visa is not required for tourist and business visits up to 90 days.  Getting there International flights arrive at Ezeiza, about 40 [/INST]  minutes ($40 taxi ride) from downtown Buenos Aires. Domestic arrivals land at Aeroparque Jorge Newbery, 10 minutes from downtown (by taxi, about $10). </s>"
1702,"<s>[INST]  Domestic arrivals land at Aeroparque Jorge Newbery, 10 [/INST]  minutes from downtown (by taxi, about $10). Business Most business starts at 8am and finishes at 8pm or 9pm with a long lunch taken until 3pm or 4pm. Government offices and banks, however, work on an 8am-5pm basis. </s>"
1703,"<s>[INST] Getting there International flights arrive at Ezeiza, about 40 minutes ($40 taxi ride) from downtown Buenos Aires.  Domestic arrivals land at Aeroparque Jorge Newbery, 10 [/INST]  minutes from downtown (by taxi, about $10). Business Most business starts at 8am and finishes at 8pm or 9pm with a long lunch taken until 3pm or 4pm. </s>"
1704,"<s>[INST]  Business Most business starts at 8am and finishes at 8pm or [/INST]  9pm with a long lunch taken until 3pm or 4pm. Government offices and banks, however, work on an 8am-5pm basis. For advice on how business is conducted and relevant etiquette go to http://www. </s>"
1705,"<s>[INST] Domestic arrivals land at Aeroparque Jorge Newbery, 10 minutes from downtown (by taxi, about $10).  Business Most business starts at 8am and finishes at 8pm or [/INST]  9pm with a long lunch taken until 3pm or 4pm. Government offices and banks, however, work on an 8am-5pm basis. </s>"
1706,<s>[INST]  For advice on how business is conducted [/INST]  and relevant etiquette go to http://www. businessculture.com/ argentina/index. html. </s>
1707,"<s>[INST] Government offices and banks, however, work on an 8am-5pm basis.  For advice on how business is conducted [/INST]  and relevant etiquette go to http://www. businessculture.com/ argentina/index. </s>"
1708,<s>[INST]  html - focuses on the main industries [/INST]  and their history in Argentina. http://data. georgetown.edu/pdba/ Countries/countries. </s>
1709,<s>[INST] surdelsur.com/economia/ indexingles.  html - focuses on the main industries [/INST]  and their history in Argentina. http://data. </s>
1710,"<s>[INST]  economatica.com - comprehensive data and software for the analysis [/INST]  of the 1,000 biggest Latin American companies. http://www. interknowledge.com/ argentina - guide to Argentina, especially Buenos Aires, including links to accommodation and restaurants. </s>"
1711,"<s>[INST] http://www.  economatica.com - comprehensive data and software for the analysis [/INST]  of the 1,000 biggest Latin American companies. http://www. </s>"
1712,"<s>[INST]  interknowledge.com/ argentina - guide to Argentina, especially Buenos [/INST]  Aires, including links to accommodation and restaurants. http://www. bcra.gov. </s>"
1713,"<s>[INST] http://www.  interknowledge.com/ argentina - guide to Argentina, especially Buenos [/INST]  Aires, including links to accommodation and restaurants. http://www. </s>"
1714,"<s>[INST]  html - excellent website with details of economic indicators in Argentina, [/INST]  including links to stock exchange, government ministries and the media. http://www. pbs.org/edens/ patagonia/ - guide to the region of Patagonia made famous by, among others, Charles Darwin and Bruce Chatwin. </s>"
1715,"<s>[INST] latin-focus.com/ countries/argentina/argentina.  html - excellent website with details of economic indicators in Argentina, [/INST]  including links to stock exchange, government ministries and the media. http://www. </s>"
1716,"<s>[INST]  pbs.org/edens/ patagonia/ - guide to the region of Patagonia made [/INST]  famous by, among others, Charles Darwin and Bruce Chatwin. Compiled by Ashleigh Lezard Copyright Financial Times Limited 2000. All Rights Reserved. </s>"
1717,"<s>[INST] http://www.  pbs.org/edens/ patagonia/ - guide to the region of Patagonia made [/INST]  famous by, among others, Charles Darwin and Bruce Chatwin. Compiled by Ashleigh Lezard Copyright Financial Times Limited 2000. </s>"
1718,"<s>[INST]  accountid=28034 Abstract: ""There has been a significant change in the atmosphere in Argentina [/INST]  in recent weeks,"" said Stanley Fischer, IMF first deputy managing director. The change was ""largely based on tax receipts coming in much better than expected,"" he said. Argentina on Monday announced a Treasury surplus of $831.9m (£5510m) for June, against a deficit of $119.9m in the same period last year, helped by a jump in tax revenues. </s>"
1719,"<s>[INST] proquest.com/docview/248853765?  accountid=28034 Abstract: ""There has been a significant change in the atmosphere in Argentina [/INST]  in recent weeks,"" said Stanley Fischer, IMF first deputy managing director. The change was ""largely based on tax receipts coming in much better than expected,"" he said. </s>"
1720,"<s>[INST]  The change was ""largely based on tax receipts coming [/INST]  in much better than expected,"" he said. Argentina on Monday announced a Treasury surplus of $831.9m (£5510m) for June, against a deficit of $119.9m in the same period last year, helped by a jump in tax revenues. Full text: The International Monetary Fund has underlined an apparent rise in optimism over Argentina's economy - just as the country launched $1.25bn in 30-year global bonds. </s>"
1721,"<s>[INST] accountid=28034  Abstract: ""There has been a significant change in the atmosphere in Argentina in recent weeks,"" said Stanley Fischer, IMF first deputy managing director.  The change was ""largely based on tax receipts coming [/INST]  in much better than expected,"" he said. Argentina on Monday announced a Treasury surplus of $831.9m (£5510m) for June, against a deficit of $119.9m in the same period last year, helped by a jump in tax revenues. </s>"
1722,"<s>[INST]  Argentina on Monday announced a Treasury surplus of $831.9m (£5510m) for June, against a deficit of [/INST]  $119.9m in the same period last year, helped by a jump in tax revenues. Full text: The International Monetary Fund has underlined an apparent rise in optimism over Argentina's economy - just as the country launched $1.25bn in 30-year global bonds. ""There has been a significant change in the atmosphere in Argentina in recent weeks,"" said Stanley Fischer, IMF first deputy managing director. </s>"
1723,"<s>[INST] The change was ""largely based on tax receipts coming in much better than expected,"" he said.  Argentina on Monday announced a Treasury surplus of $831.9m (£5510m) for June, against a deficit of [/INST]  $119.9m in the same period last year, helped by a jump in tax revenues. Full text: The International Monetary Fund has underlined an apparent rise in optimism over Argentina's economy - just as the country launched $1.25bn in 30-year global bonds. </s>"
1724,"<s>[INST]  Full text: The International Monetary Fund has underlined an apparent rise in optimism over [/INST]  Argentina's economy - just as the country launched $1.25bn in 30-year global bonds. ""There has been a significant change in the atmosphere in Argentina in recent weeks,"" said Stanley Fischer, IMF first deputy managing director. The change was ""largely based on tax receipts coming in much better than expected,"" he said. </s>"
1725,"<s>[INST] Argentina on Monday announced a Treasury surplus of $831.9m (£5510m) for June, against a deficit of $119.9m in the same period last year, helped by a jump in tax revenues.  Full text: The International Monetary Fund has underlined an apparent rise in optimism over [/INST]  Argentina's economy - just as the country launched $1.25bn in 30-year global bonds. ""There has been a significant change in the atmosphere in Argentina in recent weeks,"" said Stanley Fischer, IMF first deputy managing director. </s>"
1726,"<s>[INST]  ""There has been a significant change in the atmosphere in Argentina in [/INST]  recent weeks,"" said Stanley Fischer, IMF first deputy managing director. The change was ""largely based on tax receipts coming in much better than expected,"" he said. The successful bond issue, which increased from an expected $1bn, was seen as an important test of heavily indebted Argentina's ability to access long-term dollar funding. </s>"
1727,"<s>[INST] Full text: The International Monetary Fund has underlined an apparent rise in optimism over Argentina's economy - just as the country launched $1.25bn in 30-year global bonds.  ""There has been a significant change in the atmosphere in Argentina in [/INST]  recent weeks,"" said Stanley Fischer, IMF first deputy managing director. The change was ""largely based on tax receipts coming in much better than expected,"" he said. </s>"
1728,"<s>[INST]  The change was ""largely based on tax receipts coming [/INST]  in much better than expected,"" he said. The successful bond issue, which increased from an expected $1bn, was seen as an important test of heavily indebted Argentina's ability to access long-term dollar funding. Argentina had ""over-performed"" on its first-half economic targets, and had a very good chance of meeting the second-half targets as well, Mr Fischer said. </s>"
1729,"<s>[INST] ""There has been a significant change in the atmosphere in Argentina in recent weeks,"" said Stanley Fischer, IMF first deputy managing director.  The change was ""largely based on tax receipts coming [/INST]  in much better than expected,"" he said. The successful bond issue, which increased from an expected $1bn, was seen as an important test of heavily indebted Argentina's ability to access long-term dollar funding. </s>"
1730,"<s>[INST]  The successful bond issue, which increased from an expected $1bn, was seen as an [/INST]  important test of heavily indebted Argentina's ability to access long-term dollar funding. Argentina had ""over-performed"" on its first-half economic targets, and had a very good chance of meeting the second-half targets as well, Mr Fischer said. Argentina on Monday announced a Treasury surplus of $831.9m (£5510m) for June, against a deficit of $119.9m in the same period last year, helped by a jump in tax revenues. </s>"
1731,"<s>[INST] The change was ""largely based on tax receipts coming in much better than expected,"" he said.  The successful bond issue, which increased from an expected $1bn, was seen as an [/INST]  important test of heavily indebted Argentina's ability to access long-term dollar funding. Argentina had ""over-performed"" on its first-half economic targets, and had a very good chance of meeting the second-half targets as well, Mr Fischer said. </s>"
1732,"<s>[INST]  Argentina had ""over-performed"" on its first-half economic targets, and had a very good [/INST]  chance of meeting the second-half targets as well, Mr Fischer said. Argentina on Monday announced a Treasury surplus of $831.9m (£5510m) for June, against a deficit of $119.9m in the same period last year, helped by a jump in tax revenues. ""The public sector deficit is getting onto a more sustainable path,"" Mr Fischer said. </s>"
1733,"<s>[INST] The successful bond issue, which increased from an expected $1bn, was seen as an important test of heavily indebted Argentina's ability to access long-term dollar funding.  Argentina had ""over-performed"" on its first-half economic targets, and had a very good [/INST]  chance of meeting the second-half targets as well, Mr Fischer said. Argentina on Monday announced a Treasury surplus of $831.9m (£5510m) for June, against a deficit of $119.9m in the same period last year, helped by a jump in tax revenues. </s>"
1734,"<s>[INST]  Argentina on Monday announced a Treasury surplus of $831.9m (£5510m) for June, against a deficit of [/INST]  $119.9m in the same period last year, helped by a jump in tax revenues. ""The public sector deficit is getting onto a more sustainable path,"" Mr Fischer said. He was ""very impressed"" at the government's efforts to cut costs, while strong exports were helping to improve the balance of payments ""faster than anticipated"". </s>"
1735,"<s>[INST] Argentina had ""over-performed"" on its first-half economic targets, and had a very good chance of meeting the second-half targets as well, Mr Fischer said.  Argentina on Monday announced a Treasury surplus of $831.9m (£5510m) for June, against a deficit of [/INST]  $119.9m in the same period last year, helped by a jump in tax revenues. ""The public sector deficit is getting onto a more sustainable path,"" Mr Fischer said. </s>"
1736,"<s>[INST]  ""The public sector deficit is getting onto a [/INST]  more sustainable path,"" Mr Fischer said. He was ""very impressed"" at the government's efforts to cut costs, while strong exports were helping to improve the balance of payments ""faster than anticipated"". The country is committed to squeezing down its fiscal deficit from $7.1bn in 1999 to $4.7bn this year under the terms of its standy loan agreement with the IMF. </s>"
1737,"<s>[INST] Argentina on Monday announced a Treasury surplus of $831.9m (£5510m) for June, against a deficit of $119.9m in the same period last year, helped by a jump in tax revenues.  ""The public sector deficit is getting onto a [/INST]  more sustainable path,"" Mr Fischer said. He was ""very impressed"" at the government's efforts to cut costs, while strong exports were helping to improve the balance of payments ""faster than anticipated"". </s>"
1738,"<s>[INST]  He was ""very impressed"" at the government's efforts to cut costs, while strong [/INST]  exports were helping to improve the balance of payments ""faster than anticipated"". The country is committed to squeezing down its fiscal deficit from $7.1bn in 1999 to $4.7bn this year under the terms of its standy loan agreement with the IMF. The economy has been struggling to shake off a recession that saw gross domestic product shrink by 3 per cent last year, and domestic demand has remained depressed. </s>"
1739,"<s>[INST] ""The public sector deficit is getting onto a more sustainable path,"" Mr Fischer said.  He was ""very impressed"" at the government's efforts to cut costs, while strong [/INST]  exports were helping to improve the balance of payments ""faster than anticipated"". The country is committed to squeezing down its fiscal deficit from $7.1bn in 1999 to $4.7bn this year under the terms of its standy loan agreement with the IMF. </s>"
1740,"<s>[INST]  The country is committed to squeezing down its fiscal deficit from $7.1bn in 1999 to [/INST]  $4.7bn this year under the terms of its standy loan agreement with the IMF. The economy has been struggling to shake off a recession that saw gross domestic product shrink by 3 per cent last year, and domestic demand has remained depressed. There had been an ""excessive reaction of confidence"" based on the June figures, Mr Fischer warned. </s>"
1741,"<s>[INST] He was ""very impressed"" at the government's efforts to cut costs, while strong exports were helping to improve the balance of payments ""faster than anticipated"".  The country is committed to squeezing down its fiscal deficit from $7.1bn in 1999 to [/INST]  $4.7bn this year under the terms of its standy loan agreement with the IMF. The economy has been struggling to shake off a recession that saw gross domestic product shrink by 3 per cent last year, and domestic demand has remained depressed. </s>"
1742,"<s>[INST]  The economy has been struggling to shake off a recession that saw gross domestic product [/INST]  shrink by 3 per cent last year, and domestic demand has remained depressed. There had been an ""excessive reaction of confidence"" based on the June figures, Mr Fischer warned. Copyright Financial Times Limited 2000. </s>"
1743,"<s>[INST] The country is committed to squeezing down its fiscal deficit from $7.1bn in 1999 to $4.7bn this year under the terms of its standy loan agreement with the IMF.  The economy has been struggling to shake off a recession that saw gross domestic product [/INST]  shrink by 3 per cent last year, and domestic demand has remained depressed. There had been an ""excessive reaction of confidence"" based on the June figures, Mr Fischer warned. </s>"
1744,"<s>[INST]  There had been an ""excessive reaction of confidence"" based [/INST]  on the June figures, Mr Fischer warned. Copyright Financial Times Limited 2000. All Rights Reserved. </s>"
1745,"<s>[INST] The economy has been struggling to shake off a recession that saw gross domestic product shrink by 3 per cent last year, and domestic demand has remained depressed.  There had been an ""excessive reaction of confidence"" based [/INST]  on the June figures, Mr Fischer warned. Copyright Financial Times Limited 2000. </s>"
1746,"<s>[INST]  accountid=28034 Abstract: Argentine officials are hailing a sharp rise in [/INST]  tax revenues and an apparent increase in investment... Full text: Argentina upbeat on economy Argentine officials are hailing a sharp rise in tax revenues and an apparent increase in investment as evidence that the economy has finally shaken off a recession. The Americas, Page 6 Copyright Financial Times Limited 2000. </s>"
1747,<s>[INST] proquest.com/docview/248877573?  accountid=28034 Abstract: Argentine officials are hailing a sharp rise in [/INST]  tax revenues and an apparent increase in investment... Full text: Argentina upbeat on economy Argentine officials are hailing a sharp rise in tax revenues and an apparent increase in investment as evidence that the economy has finally shaken off a recession. </s>
1748,"<s>[INST]  Full text: Argentina upbeat on economy Argentine officials are hailing a sharp rise in tax revenues and [/INST]  an apparent increase in investment as evidence that the economy has finally shaken off a recession. The Americas, Page 6 Copyright Financial Times Limited 2000. All Rights Reserved. </s>"
1749,"<s>[INST] accountid=28034  Abstract: Argentine officials are hailing a sharp rise in tax revenues and an apparent increase in investment...  Full text: Argentina upbeat on economy Argentine officials are hailing a sharp rise in tax revenues and [/INST]  an apparent increase in investment as evidence that the economy has finally shaken off a recession. The Americas, Page 6 Copyright Financial Times Limited 2000. </s>"
1750,"<s>[INST]  accountid=28034 Abstract: Officials from President Fernando de la Rua downwards also claim a decision by Peugeot-Citroen, the French carmaker, to increase [/INST]  the working capital of its Argentine subsidiary by over $400m is a sign of strengthening confidence in the economy. The company aims to double car production in Argentina. Copyright Financial Times Limited 2000. </s>"
1751,"<s>[INST] proquest.com/docview/248981068?  accountid=28034 Abstract: Officials from President Fernando de la Rua downwards also claim a decision by Peugeot-Citroen, the French carmaker, to increase [/INST]  the working capital of its Argentine subsidiary by over $400m is a sign of strengthening confidence in the economy. The company aims to double car production in Argentina. </s>"
1752,"<s>[INST]  Full text: Argentine officials are hailing a sharp rise in tax revenues and an apparent increase in investment as fresh [/INST]  evidence that the economy has finally shaken off a recession which cut GDP by 3 per cent last year. Tax revenues in June rose 15.4 per cent from a year ago to a record $4.82bn (£3.19bn), 11 per cent ahead of May's total. Income tax alone rose 69.9 per cent from last year to $1.36bn, according to Economy Ministry figures released on Monday night. </s>"
1753,"<s>[INST] All Rights Reserved.  Full text: Argentine officials are hailing a sharp rise in tax revenues and an apparent increase in investment as fresh [/INST]  evidence that the economy has finally shaken off a recession which cut GDP by 3 per cent last year. Tax revenues in June rose 15.4 per cent from a year ago to a record $4.82bn (£3.19bn), 11 per cent ahead of May's total. </s>"
1754,"<s>[INST]  Tax revenues in June rose 15.4 per cent from a year ago to [/INST]  a record $4.82bn (£3.19bn), 11 per cent ahead of May's total. Income tax alone rose 69.9 per cent from last year to $1.36bn, according to Economy Ministry figures released on Monday night. The increase in revenues would probably help Argentina beat its first-half fiscal deficit targets agreed with the International Monetary Fund, said Mario Vicens, treasury secretary, but analysts said the figures had been swollen by one-off measures such as an amnesty for contributors with tax arrears, and by bringing some payments forward. </s>"
1755,"<s>[INST] Full text: Argentine officials are hailing a sharp rise in tax revenues and an apparent increase in investment as fresh evidence that the economy has finally shaken off a recession which cut GDP by 3 per cent last year.  Tax revenues in June rose 15.4 per cent from a year ago to [/INST]  a record $4.82bn (£3.19bn), 11 per cent ahead of May's total. Income tax alone rose 69.9 per cent from last year to $1.36bn, according to Economy Ministry figures released on Monday night. </s>"
1756,"<s>[INST]  Income tax alone rose 69.9 per cent from last year to [/INST]  $1.36bn, according to Economy Ministry figures released on Monday night. The increase in revenues would probably help Argentina beat its first-half fiscal deficit targets agreed with the International Monetary Fund, said Mario Vicens, treasury secretary, but analysts said the figures had been swollen by one-off measures such as an amnesty for contributors with tax arrears, and by bringing some payments forward. The centre-left Alliance government has been struggling to shrink the fiscal deficit from $7.1bn in 1999 to a targeted $4.7bn this year. </s>"
1757,"<s>[INST] Tax revenues in June rose 15.4 per cent from a year ago to a record $4.82bn (£3.19bn), 11 per cent ahead of May's total.  Income tax alone rose 69.9 per cent from last year to [/INST]  $1.36bn, according to Economy Ministry figures released on Monday night. The increase in revenues would probably help Argentina beat its first-half fiscal deficit targets agreed with the International Monetary Fund, said Mario Vicens, treasury secretary, but analysts said the figures had been swollen by one-off measures such as an amnesty for contributors with tax arrears, and by bringing some payments forward. </s>"
1758,"<s>[INST]  The increase in revenues would probably help Argentina beat its first-half fiscal deficit targets agreed with the International Monetary Fund, said Mario Vicens, treasury secretary, but [/INST]  analysts said the figures had been swollen by one-off measures such as an amnesty for contributors with tax arrears, and by bringing some payments forward. The centre-left Alliance government has been struggling to shrink the fiscal deficit from $7.1bn in 1999 to a targeted $4.7bn this year. But a round of tax rises and spending cuts have led to opposition accusations that the government is choking off the economic recovery. </s>"
1759,"<s>[INST] Income tax alone rose 69.9 per cent from last year to $1.36bn, according to Economy Ministry figures released on Monday night.  The increase in revenues would probably help Argentina beat its first-half fiscal deficit targets agreed with the International Monetary Fund, said Mario Vicens, treasury secretary, but [/INST]  analysts said the figures had been swollen by one-off measures such as an amnesty for contributors with tax arrears, and by bringing some payments forward. The centre-left Alliance government has been struggling to shrink the fiscal deficit from $7.1bn in 1999 to a targeted $4.7bn this year. </s>"
1760,"<s>[INST]  The centre-left Alliance government has been struggling to shrink the fiscal deficit [/INST]  from $7.1bn in 1999 to a targeted $4.7bn this year. But a round of tax rises and spending cuts have led to opposition accusations that the government is choking off the economic recovery. The economy grew by an estimated 0.9 per cent in the first quarter, but industrial production has shown signs of weakening in the second quarter, leading to fears that the economy risks slipping back into recession. </s>"
1761,"<s>[INST] The increase in revenues would probably help Argentina beat its first-half fiscal deficit targets agreed with the International Monetary Fund, said Mario Vicens, treasury secretary, but analysts said the figures had been swollen by one-off measures such as an amnesty for contributors with tax arrears, and by bringing some payments forward.  The centre-left Alliance government has been struggling to shrink the fiscal deficit [/INST]  from $7.1bn in 1999 to a targeted $4.7bn this year. But a round of tax rises and spending cuts have led to opposition accusations that the government is choking off the economic recovery. </s>"
1762,"<s>[INST]  But a round of tax rises and spending cuts have led to [/INST]  opposition accusations that the government is choking off the economic recovery. The economy grew by an estimated 0.9 per cent in the first quarter, but industrial production has shown signs of weakening in the second quarter, leading to fears that the economy risks slipping back into recession. Jose Luis Machinea, the economy minister, told a Buenos Aires conference this week that the economy would register growth of about 2.5 per cent for the second quarter, rising to around 4 per cent for the second half against the same period last year. </s>"
1763,"<s>[INST] The centre-left Alliance government has been struggling to shrink the fiscal deficit from $7.1bn in 1999 to a targeted $4.7bn this year.  But a round of tax rises and spending cuts have led to [/INST]  opposition accusations that the government is choking off the economic recovery. The economy grew by an estimated 0.9 per cent in the first quarter, but industrial production has shown signs of weakening in the second quarter, leading to fears that the economy risks slipping back into recession. </s>"
1764,"<s>[INST]  The economy grew by an estimated 0.9 per cent in the first quarter, but industrial production has shown signs [/INST]  of weakening in the second quarter, leading to fears that the economy risks slipping back into recession. Jose Luis Machinea, the economy minister, told a Buenos Aires conference this week that the economy would register growth of about 2.5 per cent for the second quarter, rising to around 4 per cent for the second half against the same period last year. Officials from President Fernando de la Rua downwards also claim a decision by Peugeot-Citroen, the French carmaker, to increase the working capital of its Argentine subsidiary by over $400m is a sign of strengthening confidence in the economy. </s>"
1765,"<s>[INST] But a round of tax rises and spending cuts have led to opposition accusations that the government is choking off the economic recovery.  The economy grew by an estimated 0.9 per cent in the first quarter, but industrial production has shown signs [/INST]  of weakening in the second quarter, leading to fears that the economy risks slipping back into recession. Jose Luis Machinea, the economy minister, told a Buenos Aires conference this week that the economy would register growth of about 2.5 per cent for the second quarter, rising to around 4 per cent for the second half against the same period last year. </s>"
1766,"<s>[INST]  Jose Luis Machinea, the economy minister, told a Buenos Aires conference this week that the economy would register growth of about 2.5 per [/INST]  cent for the second quarter, rising to around 4 per cent for the second half against the same period last year. Officials from President Fernando de la Rua downwards also claim a decision by Peugeot-Citroen, the French carmaker, to increase the working capital of its Argentine subsidiary by over $400m is a sign of strengthening confidence in the economy. The company aims to double car production in Argentina. </s>"
1767,"<s>[INST] The economy grew by an estimated 0.9 per cent in the first quarter, but industrial production has shown signs of weakening in the second quarter, leading to fears that the economy risks slipping back into recession.  Jose Luis Machinea, the economy minister, told a Buenos Aires conference this week that the economy would register growth of about 2.5 per [/INST]  cent for the second quarter, rising to around 4 per cent for the second half against the same period last year. Officials from President Fernando de la Rua downwards also claim a decision by Peugeot-Citroen, the French carmaker, to increase the working capital of its Argentine subsidiary by over $400m is a sign of strengthening confidence in the economy. </s>"
1768,"<s>[INST]  Officials from President Fernando de la Rua downwards also claim a decision by Peugeot-Citroen, the French carmaker, to increase the [/INST]  working capital of its Argentine subsidiary by over $400m is a sign of strengthening confidence in the economy. The company aims to double car production in Argentina. Copyright Financial Times Limited 2000. </s>"
1769,"<s>[INST] Jose Luis Machinea, the economy minister, told a Buenos Aires conference this week that the economy would register growth of about 2.5 per cent for the second quarter, rising to around 4 per cent for the second half against the same period last year.  Officials from President Fernando de la Rua downwards also claim a decision by Peugeot-Citroen, the French carmaker, to increase the [/INST]  working capital of its Argentine subsidiary by over $400m is a sign of strengthening confidence in the economy. The company aims to double car production in Argentina. </s>"
1770,"<s>[INST]  Full text: Argentine economy recovering Argentina's economy is shaking off the effects of recent [/INST]  tax rises and Brazil's January 1999 devaluation, said economy minister Jose Luis Machinea. Latin America and Caribbean, Page 3 Copyright Financial Times Limited 2000. All Rights Reserved. </s>"
1771,"<s>[INST] accountid=28034  Abstract: None available.  Full text: Argentine economy recovering Argentina's economy is shaking off the effects of recent [/INST]  tax rises and Brazil's January 1999 devaluation, said economy minister Jose Luis Machinea. Latin America and Caribbean, Page 3 Copyright Financial Times Limited 2000. </s>"
1772,"<s>[INST]  accountid=28034 Abstract: Although this week's IMF-led package buys Argentina time, [/INST]  it is unlikely to restart economic growth by itself. Not only was Argentina unable to respond to the sudden loss of competitiveness, its currency moved steadily in the other direction. Under its currency board system, which pegs the peso to the dollar, the currency has marched steadily higher while the euro fell - squeezing the economy further. </s>"
1773,"<s>[INST] proquest.com/docview/248961691?  accountid=28034 Abstract: Although this week's IMF-led package buys Argentina time, [/INST]  it is unlikely to restart economic growth by itself. Not only was Argentina unable to respond to the sudden loss of competitiveness, its currency moved steadily in the other direction. </s>"
1774,"<s>[INST]  Not only was Argentina unable to respond to the sudden loss [/INST]  of competitiveness, its currency moved steadily in the other direction. Under its currency board system, which pegs the peso to the dollar, the currency has marched steadily higher while the euro fell - squeezing the economy further. Add to that the falling price of Argentina's commodities and many economists wonder that the economy has not already collapsed. </s>"
1775,"<s>[INST] accountid=28034  Abstract: Although this week's IMF-led package buys Argentina time, it is unlikely to restart economic growth by itself.  Not only was Argentina unable to respond to the sudden loss [/INST]  of competitiveness, its currency moved steadily in the other direction. Under its currency board system, which pegs the peso to the dollar, the currency has marched steadily higher while the euro fell - squeezing the economy further. </s>"
1776,"<s>[INST]  Under its currency board system, which pegs the peso to the dollar, the currency [/INST]  has marched steadily higher while the euro fell - squeezing the economy further. Add to that the falling price of Argentina's commodities and many economists wonder that the economy has not already collapsed. A second scenario fills officials in Washington and Buenos Aires with dread. </s>"
1777,"<s>[INST] Not only was Argentina unable to respond to the sudden loss of competitiveness, its currency moved steadily in the other direction.  Under its currency board system, which pegs the peso to the dollar, the currency [/INST]  has marched steadily higher while the euro fell - squeezing the economy further. Add to that the falling price of Argentina's commodities and many economists wonder that the economy has not already collapsed. </s>"
1778,<s>[INST]  Add to that the falling price of Argentina's commodities and many [/INST]  economists wonder that the economy has not already collapsed. A second scenario fills officials in Washington and Buenos Aires with dread. The government fails to get co-operation from the opposition-dominated Congress and cannot implement its measures. </s>
1779,"<s>[INST] Under its currency board system, which pegs the peso to the dollar, the currency has marched steadily higher while the euro fell - squeezing the economy further.  Add to that the falling price of Argentina's commodities and many [/INST]  economists wonder that the economy has not already collapsed. A second scenario fills officials in Washington and Buenos Aires with dread. </s>"
1780,<s>[INST]  A second scenario fills officials in Washington [/INST]  and Buenos Aires with dread. The government fails to get co-operation from the opposition-dominated Congress and cannot implement its measures. Investors remain wary and interest rates do not come down. </s>
1781,<s>[INST] Add to that the falling price of Argentina's commodities and many economists wonder that the economy has not already collapsed.  A second scenario fills officials in Washington [/INST]  and Buenos Aires with dread. The government fails to get co-operation from the opposition-dominated Congress and cannot implement its measures. </s>
1782,<s>[INST]  The government fails to get co-operation from the [/INST]  opposition-dominated Congress and cannot implement its measures. Investors remain wary and interest rates do not come down. Confidence fades and Argentina again faces the same problems meeting its foreign debt payments - this time with no foreign backing. </s>
1783,<s>[INST] A second scenario fills officials in Washington and Buenos Aires with dread.  The government fails to get co-operation from the [/INST]  opposition-dominated Congress and cannot implement its measures. Investors remain wary and interest rates do not come down. </s>
1784,"<s>[INST]  Confidence fades and Argentina again faces the same problems meeting its [/INST]  foreign debt payments - this time with no foreign backing. Full text: After two nerve-wracking months, Argentina finally has the details of a package of financial aid that will pull it back from the brink of a potentially serious crisis. The question is now whether the package, which totals nearly $40bn, will be enough to put the struggling Argentine economy back on its feet. </s>"
1785,"<s>[INST] Investors remain wary and interest rates do not come down.  Confidence fades and Argentina again faces the same problems meeting its [/INST]  foreign debt payments - this time with no foreign backing. Full text: After two nerve-wracking months, Argentina finally has the details of a package of financial aid that will pull it back from the brink of a potentially serious crisis. </s>"
1786,"<s>[INST]  Full text: After two nerve-wracking months, Argentina finally has the details of a package of financial [/INST]  aid that will pull it back from the brink of a potentially serious crisis. The question is now whether the package, which totals nearly $40bn, will be enough to put the struggling Argentine economy back on its feet. Should it not, analysts warn, the country might find itself in the same position in a year. </s>"
1787,"<s>[INST] Confidence fades and Argentina again faces the same problems meeting its foreign debt payments - this time with no foreign backing.  Full text: After two nerve-wracking months, Argentina finally has the details of a package of financial [/INST]  aid that will pull it back from the brink of a potentially serious crisis. The question is now whether the package, which totals nearly $40bn, will be enough to put the struggling Argentine economy back on its feet. </s>"
1788,"<s>[INST]  The question is now whether the package, which totals nearly $40bn, will be [/INST]  enough to put the struggling Argentine economy back on its feet. Should it not, analysts warn, the country might find itself in the same position in a year. Argentina accounts for up to a quarter of tradeable emerging market debt, and international finance officials are concerned that a default by the nation on its $123.5bn in foreign debt could set off a new round of financial contagion. </s>"
1789,"<s>[INST] Full text: After two nerve-wracking months, Argentina finally has the details of a package of financial aid that will pull it back from the brink of a potentially serious crisis.  The question is now whether the package, which totals nearly $40bn, will be [/INST]  enough to put the struggling Argentine economy back on its feet. Should it not, analysts warn, the country might find itself in the same position in a year. </s>"
1790,"<s>[INST]  Should it not, analysts warn, the country might find [/INST]  itself in the same position in a year. Argentina accounts for up to a quarter of tradeable emerging market debt, and international finance officials are concerned that a default by the nation on its $123.5bn in foreign debt could set off a new round of financial contagion. The current crisis began when investors, worried about the country's ability to continue meeting its payments, steered clear of Argentine debt. </s>"
1791,"<s>[INST] The question is now whether the package, which totals nearly $40bn, will be enough to put the struggling Argentine economy back on its feet.  Should it not, analysts warn, the country might find [/INST]  itself in the same position in a year. Argentina accounts for up to a quarter of tradeable emerging market debt, and international finance officials are concerned that a default by the nation on its $123.5bn in foreign debt could set off a new round of financial contagion. </s>"
1792,"<s>[INST]  Argentina accounts for up to a quarter of tradeable emerging market debt, and international finance officials are concerned that a [/INST]  default by the nation on its $123.5bn in foreign debt could set off a new round of financial contagion. The current crisis began when investors, worried about the country's ability to continue meeting its payments, steered clear of Argentine debt. That forced it to turn to the International Monetary Fund for help in meeting $15bn in foreign debt payments next year and in financing a $6.5bn budget deficit. </s>"
1793,"<s>[INST] Should it not, analysts warn, the country might find itself in the same position in a year.  Argentina accounts for up to a quarter of tradeable emerging market debt, and international finance officials are concerned that a [/INST]  default by the nation on its $123.5bn in foreign debt could set off a new round of financial contagion. The current crisis began when investors, worried about the country's ability to continue meeting its payments, steered clear of Argentine debt. </s>"
1794,"<s>[INST]  The current crisis began when investors, worried about the country's ability [/INST]  to continue meeting its payments, steered clear of Argentine debt. That forced it to turn to the International Monetary Fund for help in meeting $15bn in foreign debt payments next year and in financing a $6.5bn budget deficit. Although this week's IMF-led package buys Argentina time, it is unlikely to restart economic growth by itself. </s>"
1795,"<s>[INST] Argentina accounts for up to a quarter of tradeable emerging market debt, and international finance officials are concerned that a default by the nation on its $123.5bn in foreign debt could set off a new round of financial contagion.  The current crisis began when investors, worried about the country's ability [/INST]  to continue meeting its payments, steered clear of Argentine debt. That forced it to turn to the International Monetary Fund for help in meeting $15bn in foreign debt payments next year and in financing a $6.5bn budget deficit. </s>"
1796,"<s>[INST]  That forced it to turn to the International Monetary Fund for help in meeting $15bn [/INST]  in foreign debt payments next year and in financing a $6.5bn budget deficit. Although this week's IMF-led package buys Argentina time, it is unlikely to restart economic growth by itself. The economy has been hit by external factors in the past two years. </s>"
1797,"<s>[INST] The current crisis began when investors, worried about the country's ability to continue meeting its payments, steered clear of Argentine debt.  That forced it to turn to the International Monetary Fund for help in meeting $15bn [/INST]  in foreign debt payments next year and in financing a $6.5bn budget deficit. Although this week's IMF-led package buys Argentina time, it is unlikely to restart economic growth by itself. </s>"
1798,"<s>[INST]  Although this week's IMF-led package buys Argentina time, it [/INST]  is unlikely to restart economic growth by itself. The economy has been hit by external factors in the past two years. Russia's debt default caused Argentina's cost of financing to soar and set off events that forced its principal trading partner, Brazil, to devalue. </s>"
1799,"<s>[INST] That forced it to turn to the International Monetary Fund for help in meeting $15bn in foreign debt payments next year and in financing a $6.5bn budget deficit.  Although this week's IMF-led package buys Argentina time, it [/INST]  is unlikely to restart economic growth by itself. The economy has been hit by external factors in the past two years. </s>"
1800,"<s>[INST]  The economy has been hit by external [/INST]  factors in the past two years. Russia's debt default caused Argentina's cost of financing to soar and set off events that forced its principal trading partner, Brazil, to devalue. Not only was Argentina unable to respond to the sudden loss of competitiveness, its currency moved steadily in the other direction. </s>"
1801,"<s>[INST] Although this week's IMF-led package buys Argentina time, it is unlikely to restart economic growth by itself.  The economy has been hit by external [/INST]  factors in the past two years. Russia's debt default caused Argentina's cost of financing to soar and set off events that forced its principal trading partner, Brazil, to devalue. </s>"
1802,"<s>[INST]  Russia's debt default caused Argentina's cost of financing to soar and set [/INST]  off events that forced its principal trading partner, Brazil, to devalue. Not only was Argentina unable to respond to the sudden loss of competitiveness, its currency moved steadily in the other direction. Under its currency board system, which pegs the peso to the dollar, the currency has marched steadily higher while the euro fell - squeezing the economy further. </s>"
1803,"<s>[INST] The economy has been hit by external factors in the past two years.  Russia's debt default caused Argentina's cost of financing to soar and set [/INST]  off events that forced its principal trading partner, Brazil, to devalue. Not only was Argentina unable to respond to the sudden loss of competitiveness, its currency moved steadily in the other direction. </s>"
1804,"<s>[INST]  Not only was Argentina unable to respond to the sudden loss [/INST]  of competitiveness, its currency moved steadily in the other direction. Under its currency board system, which pegs the peso to the dollar, the currency has marched steadily higher while the euro fell - squeezing the economy further. Add to that the falling price of Argentina's commodities and many economists wonder that the economy has not already collapsed. </s>"
1805,"<s>[INST] Russia's debt default caused Argentina's cost of financing to soar and set off events that forced its principal trading partner, Brazil, to devalue.  Not only was Argentina unable to respond to the sudden loss [/INST]  of competitiveness, its currency moved steadily in the other direction. Under its currency board system, which pegs the peso to the dollar, the currency has marched steadily higher while the euro fell - squeezing the economy further. </s>"
1806,"<s>[INST]  Under its currency board system, which pegs the peso to the dollar, the currency [/INST]  has marched steadily higher while the euro fell - squeezing the economy further. Add to that the falling price of Argentina's commodities and many economists wonder that the economy has not already collapsed. In their more optimistic moments, IMF and Argentine officials paint the following scenario: with the spectre of default lifted, Argentine debt begins to look cheap by international standards. </s>"
1807,"<s>[INST] Not only was Argentina unable to respond to the sudden loss of competitiveness, its currency moved steadily in the other direction.  Under its currency board system, which pegs the peso to the dollar, the currency [/INST]  has marched steadily higher while the euro fell - squeezing the economy further. Add to that the falling price of Argentina's commodities and many economists wonder that the economy has not already collapsed. </s>"
1808,"<s>[INST]  Add to that the falling price of Argentina's commodities and many [/INST]  economists wonder that the economy has not already collapsed. In their more optimistic moments, IMF and Argentine officials paint the following scenario: with the spectre of default lifted, Argentine debt begins to look cheap by international standards. Investors should again start buying the country's bonds, bringing down interest rates and helping kickstart the economy. </s>"
1809,"<s>[INST] Under its currency board system, which pegs the peso to the dollar, the currency has marched steadily higher while the euro fell - squeezing the economy further.  Add to that the falling price of Argentina's commodities and many [/INST]  economists wonder that the economy has not already collapsed. In their more optimistic moments, IMF and Argentine officials paint the following scenario: with the spectre of default lifted, Argentine debt begins to look cheap by international standards. </s>"
1810,"<s>[INST]  In their more optimistic moments, IMF and Argentine officials paint the following scenario: with the [/INST]  spectre of default lifted, Argentine debt begins to look cheap by international standards. Investors should again start buying the country's bonds, bringing down interest rates and helping kickstart the economy. International factors aiding that scenario are expected drops in the value of the dollar and the level of international interest rates. </s>"
1811,"<s>[INST] Add to that the falling price of Argentina's commodities and many economists wonder that the economy has not already collapsed.  In their more optimistic moments, IMF and Argentine officials paint the following scenario: with the [/INST]  spectre of default lifted, Argentine debt begins to look cheap by international standards. Investors should again start buying the country's bonds, bringing down interest rates and helping kickstart the economy. </s>"
1812,"<s>[INST]  Investors should again start buying the country's bonds, bringing [/INST]  down interest rates and helping kickstart the economy. International factors aiding that scenario are expected drops in the value of the dollar and the level of international interest rates. The government has also taken steps to reduce its exposure to future credit shortages. </s>"
1813,"<s>[INST] In their more optimistic moments, IMF and Argentine officials paint the following scenario: with the spectre of default lifted, Argentine debt begins to look cheap by international standards.  Investors should again start buying the country's bonds, bringing [/INST]  down interest rates and helping kickstart the economy. International factors aiding that scenario are expected drops in the value of the dollar and the level of international interest rates. </s>"
1814,"<s>[INST]  International factors aiding that scenario are expected drops in the value [/INST]  of the dollar and the level of international interest rates. The government has also taken steps to reduce its exposure to future credit shortages. As part of its IMF programme, it has pledged to eliminate its budget deficit by 2005, and embarked on reforming the social security and pension systems. </s>"
1815,"<s>[INST] Investors should again start buying the country's bonds, bringing down interest rates and helping kickstart the economy.  International factors aiding that scenario are expected drops in the value [/INST]  of the dollar and the level of international interest rates. The government has also taken steps to reduce its exposure to future credit shortages. </s>"
1816,"<s>[INST]  The government has also taken steps to reduce [/INST]  its exposure to future credit shortages. As part of its IMF programme, it has pledged to eliminate its budget deficit by 2005, and embarked on reforming the social security and pension systems. ""We believe that with these measures, with this financing and with the private-sector involvement, we will be able to restore the Argentine economy to growth,"" says a senior IMF official. </s>"
1817,"<s>[INST] International factors aiding that scenario are expected drops in the value of the dollar and the level of international interest rates.  The government has also taken steps to reduce [/INST]  its exposure to future credit shortages. As part of its IMF programme, it has pledged to eliminate its budget deficit by 2005, and embarked on reforming the social security and pension systems. </s>"
1818,"<s>[INST]  As part of its IMF programme, it has pledged to eliminate its budget deficit [/INST]  by 2005, and embarked on reforming the social security and pension systems. ""We believe that with these measures, with this financing and with the private-sector involvement, we will be able to restore the Argentine economy to growth,"" says a senior IMF official. But a second scenario fills officials in Washington and Buenos Aires with dread. </s>"
1819,"<s>[INST] The government has also taken steps to reduce its exposure to future credit shortages.  As part of its IMF programme, it has pledged to eliminate its budget deficit [/INST]  by 2005, and embarked on reforming the social security and pension systems. ""We believe that with these measures, with this financing and with the private-sector involvement, we will be able to restore the Argentine economy to growth,"" says a senior IMF official. </s>"
1820,"<s>[INST]  ""We believe that with these measures, with this financing and with the private-sector involvement, we will [/INST]  be able to restore the Argentine economy to growth,"" says a senior IMF official. But a second scenario fills officials in Washington and Buenos Aires with dread. The government fails to get co-operation from the opposition-dominated Congress and cannot implement its measures. </s>"
1821,"<s>[INST] As part of its IMF programme, it has pledged to eliminate its budget deficit by 2005, and embarked on reforming the social security and pension systems.  ""We believe that with these measures, with this financing and with the private-sector involvement, we will [/INST]  be able to restore the Argentine economy to growth,"" says a senior IMF official. But a second scenario fills officials in Washington and Buenos Aires with dread. </s>"
1822,<s>[INST]  But a second scenario fills officials in [/INST]  Washington and Buenos Aires with dread. The government fails to get co-operation from the opposition-dominated Congress and cannot implement its measures. Investors remain wary and interest rates do not come down. </s>
1823,"<s>[INST] ""We believe that with these measures, with this financing and with the private-sector involvement, we will be able to restore the Argentine economy to growth,"" says a senior IMF official.  But a second scenario fills officials in [/INST]  Washington and Buenos Aires with dread. The government fails to get co-operation from the opposition-dominated Congress and cannot implement its measures. </s>"
1824,<s>[INST]  The government fails to get co-operation from the [/INST]  opposition-dominated Congress and cannot implement its measures. Investors remain wary and interest rates do not come down. Confidence fades and Argentina again faces the same problems meeting its foreign debt payments - this time with no foreign backing. </s>
1825,<s>[INST] But a second scenario fills officials in Washington and Buenos Aires with dread.  The government fails to get co-operation from the [/INST]  opposition-dominated Congress and cannot implement its measures. Investors remain wary and interest rates do not come down. </s>
1826,"<s>[INST]  Confidence fades and Argentina again faces the same problems meeting its [/INST]  foreign debt payments - this time with no foreign backing. The government of Fernando de la Rua depends on a fragile two-party coalition and the co-operation of an opposition-dominated Congress to implement its legislative programme. But so far, opposition politicians have shown little inclination to help the government. </s>"
1827,<s>[INST] Investors remain wary and interest rates do not come down.  Confidence fades and Argentina again faces the same problems meeting its [/INST]  foreign debt payments - this time with no foreign backing. The government of Fernando de la Rua depends on a fragile two-party coalition and the co-operation of an opposition-dominated Congress to implement its legislative programme. </s>
1828,"<s>[INST]  The government of Fernando de la Rua depends on a fragile two-party coalition [/INST]  and the co-operation of an opposition-dominated Congress to implement its legislative programme. But so far, opposition politicians have shown little inclination to help the government. ""The political environment has shown that it's not conducive to successful implementation of reforms,"" says Bruno Boccara, director for Latin American sovereign ratings at Standard & Poor's. </s>"
1829,"<s>[INST] Confidence fades and Argentina again faces the same problems meeting its foreign debt payments - this time with no foreign backing.  The government of Fernando de la Rua depends on a fragile two-party coalition [/INST]  and the co-operation of an opposition-dominated Congress to implement its legislative programme. But so far, opposition politicians have shown little inclination to help the government. </s>"
1830,"<s>[INST]  But so far, opposition politicians have shown [/INST]  little inclination to help the government. ""The political environment has shown that it's not conducive to successful implementation of reforms,"" says Bruno Boccara, director for Latin American sovereign ratings at Standard & Poor's. ""Those signals do not belong in Argentina at a time of such a serious crisis"". </s>"
1831,"<s>[INST] The government of Fernando de la Rua depends on a fragile two-party coalition and the co-operation of an opposition-dominated Congress to implement its legislative programme.  But so far, opposition politicians have shown [/INST]  little inclination to help the government. ""The political environment has shown that it's not conducive to successful implementation of reforms,"" says Bruno Boccara, director for Latin American sovereign ratings at Standard & Poor's. </s>"
1832,"<s>[INST]  ""The political environment has shown that it's not conducive to successful implementation of reforms,"" [/INST]  says Bruno Boccara, director for Latin American sovereign ratings at Standard & Poor's. ""Those signals do not belong in Argentina at a time of such a serious crisis"". In short, the new package buys time for the government, but little breathing space. </s>"
1833,"<s>[INST] But so far, opposition politicians have shown little inclination to help the government.  ""The political environment has shown that it's not conducive to successful implementation of reforms,"" [/INST]  says Bruno Boccara, director for Latin American sovereign ratings at Standard & Poor's. ""Those signals do not belong in Argentina at a time of such a serious crisis"". </s>"
1834,"<s>[INST]  ""Those signals do not belong in Argentina at [/INST]  a time of such a serious crisis"". In short, the new package buys time for the government, but little breathing space. International investors will be paying close attention to local politicians in the next few weeks. </s>"
1835,"<s>[INST] ""The political environment has shown that it's not conducive to successful implementation of reforms,"" says Bruno Boccara, director for Latin American sovereign ratings at Standard & Poor's.  ""Those signals do not belong in Argentina at [/INST]  a time of such a serious crisis"". In short, the new package buys time for the government, but little breathing space. </s>"
1836,"<s>[INST]  In short, the new package buys time for [/INST]  the government, but little breathing space. International investors will be paying close attention to local politicians in the next few weeks. Copyright Financial Times Limited 2000. </s>"
1837,"<s>[INST] ""Those signals do not belong in Argentina at a time of such a serious crisis"".  In short, the new package buys time for [/INST]  the government, but little breathing space. International investors will be paying close attention to local politicians in the next few weeks. </s>"
1838,<s>[INST]  International investors will be paying close attention to [/INST]  local politicians in the next few weeks. Copyright Financial Times Limited 2000. All Rights Reserved. </s>
1839,"<s>[INST] In short, the new package buys time for the government, but little breathing space.  International investors will be paying close attention to [/INST]  local politicians in the next few weeks. Copyright Financial Times Limited 2000. </s>"
1840,"<s>[INST]  accountid=28034 Abstract: Argentina yesterday unveiled an international package of financial aid worth $39.7bn (£27bn), designed [/INST]  to revive the economy and quash fears it could default on its foreign debt. Like other emerging markets, Argentina's economy fell into a deep recession in 1999, contracting by more than 3 per cent. But unlike other regional economies, Argentina has so far been unable to pull itself out. </s>"
1841,"<s>[INST] proquest.com/docview/248942213?  accountid=28034 Abstract: Argentina yesterday unveiled an international package of financial aid worth $39.7bn (£27bn), designed [/INST]  to revive the economy and quash fears it could default on its foreign debt. Like other emerging markets, Argentina's economy fell into a deep recession in 1999, contracting by more than 3 per cent. </s>"
1842,"<s>[INST]  Like other emerging markets, Argentina's economy fell into a deep recession [/INST]  in 1999, contracting by more than 3 per cent. But unlike other regional economies, Argentina has so far been unable to pull itself out. The economy is expected to grow by less than 0.5 per cent this year. </s>"
1843,"<s>[INST] accountid=28034  Abstract: Argentina yesterday unveiled an international package of financial aid worth $39.7bn (£27bn), designed to revive the economy and quash fears it could default on its foreign debt.  Like other emerging markets, Argentina's economy fell into a deep recession [/INST]  in 1999, contracting by more than 3 per cent. But unlike other regional economies, Argentina has so far been unable to pull itself out. </s>"
1844,"<s>[INST]  But unlike other regional economies, Argentina has so [/INST]  far been unable to pull itself out. The economy is expected to grow by less than 0.5 per cent this year. A senior government official said that Argentina would draw $2.1bn from its existing IMF loan agreement ""in the next few days"", followed by up to $3bn in January, after the new aid is agreed by the IMF board. </s>"
1845,"<s>[INST] Like other emerging markets, Argentina's economy fell into a deep recession in 1999, contracting by more than 3 per cent.  But unlike other regional economies, Argentina has so [/INST]  far been unable to pull itself out. The economy is expected to grow by less than 0.5 per cent this year. </s>"
1846,"<s>[INST]  The economy is expected to grow by less [/INST]  than 0.5 per cent this year. A senior government official said that Argentina would draw $2.1bn from its existing IMF loan agreement ""in the next few days"", followed by up to $3bn in January, after the new aid is agreed by the IMF board. Today, Argentine finance officials will conduct a conference call to explain the aid package to investors around the world. </s>"
1847,"<s>[INST] But unlike other regional economies, Argentina has so far been unable to pull itself out.  The economy is expected to grow by less [/INST]  than 0.5 per cent this year. A senior government official said that Argentina would draw $2.1bn from its existing IMF loan agreement ""in the next few days"", followed by up to $3bn in January, after the new aid is agreed by the IMF board. </s>"
1848,"<s>[INST]  A senior government official said that Argentina would draw $2.1bn from its existing IMF loan agreement ""in the next few [/INST]  days"", followed by up to $3bn in January, after the new aid is agreed by the IMF board. Today, Argentine finance officials will conduct a conference call to explain the aid package to investors around the world. Full text: Argentina yesterday unveiled an international package of financial aid worth $39.7bn (£27bn), designed to revive the economy and quash fears it could default on its foreign debt. </s>"
1849,"<s>[INST] The economy is expected to grow by less than 0.5 per cent this year.  A senior government official said that Argentina would draw $2.1bn from its existing IMF loan agreement ""in the next few [/INST]  days"", followed by up to $3bn in January, after the new aid is agreed by the IMF board. Today, Argentine finance officials will conduct a conference call to explain the aid package to investors around the world. </s>"
1850,"<s>[INST]  Today, Argentine finance officials will conduct a conference call to [/INST]  explain the aid package to investors around the world. Full text: Argentina yesterday unveiled an international package of financial aid worth $39.7bn (£27bn), designed to revive the economy and quash fears it could default on its foreign debt. Argentina accounts for up to a quarter of tradeable emerging market debt worldwide, and there had been concern amongst international finance officials that a default by the country could set off a new round of financial contagion. </s>"
1851,"<s>[INST] A senior government official said that Argentina would draw $2.1bn from its existing IMF loan agreement ""in the next few days"", followed by up to $3bn in January, after the new aid is agreed by the IMF board.  Today, Argentine finance officials will conduct a conference call to [/INST]  explain the aid package to investors around the world. Full text: Argentina yesterday unveiled an international package of financial aid worth $39.7bn (£27bn), designed to revive the economy and quash fears it could default on its foreign debt. </s>"
1852,"<s>[INST]  Full text: Argentina yesterday unveiled an international package of financial aid worth $39.7bn (£27bn), designed [/INST]  to revive the economy and quash fears it could default on its foreign debt. Argentina accounts for up to a quarter of tradeable emerging market debt worldwide, and there had been concern amongst international finance officials that a default by the country could set off a new round of financial contagion. The package, which is substantially larger than expected, includes $13.7bn from the International Monetary Fund, $2.5bn each from the World Bank and Interamerican Development Bank and $1bn from Spain. </s>"
1853,"<s>[INST] Today, Argentine finance officials will conduct a conference call to explain the aid package to investors around the world.  Full text: Argentina yesterday unveiled an international package of financial aid worth $39.7bn (£27bn), designed [/INST]  to revive the economy and quash fears it could default on its foreign debt. Argentina accounts for up to a quarter of tradeable emerging market debt worldwide, and there had been concern amongst international finance officials that a default by the country could set off a new round of financial contagion. </s>"
1854,"<s>[INST]  Argentina accounts for up to a quarter of tradeable emerging market debt worldwide, and there had been concern amongst [/INST]  international finance officials that a default by the country could set off a new round of financial contagion. The package, which is substantially larger than expected, includes $13.7bn from the International Monetary Fund, $2.5bn each from the World Bank and Interamerican Development Bank and $1bn from Spain. From the private sector, Argentina has secured an agreement by banks acting as ""market makers"" for government debt issues worth some $10bn, as well as a similar commitment by Argentine pension funds for around $3bn. </s>"
1855,"<s>[INST] Full text: Argentina yesterday unveiled an international package of financial aid worth $39.7bn (£27bn), designed to revive the economy and quash fears it could default on its foreign debt.  Argentina accounts for up to a quarter of tradeable emerging market debt worldwide, and there had been concern amongst [/INST]  international finance officials that a default by the country could set off a new round of financial contagion. The package, which is substantially larger than expected, includes $13.7bn from the International Monetary Fund, $2.5bn each from the World Bank and Interamerican Development Bank and $1bn from Spain. </s>"
1856,"<s>[INST]  The package, which is substantially larger than expected, includes $13.7bn from the International Monetary Fund, [/INST]  $2.5bn each from the World Bank and Interamerican Development Bank and $1bn from Spain. From the private sector, Argentina has secured an agreement by banks acting as ""market makers"" for government debt issues worth some $10bn, as well as a similar commitment by Argentine pension funds for around $3bn. It will also carry out a series of voluntary bond exchanges worth some $7bn, which will include debt coming due within the next five years. </s>"
1857,"<s>[INST] Argentina accounts for up to a quarter of tradeable emerging market debt worldwide, and there had been concern amongst international finance officials that a default by the country could set off a new round of financial contagion.  The package, which is substantially larger than expected, includes $13.7bn from the International Monetary Fund, [/INST]  $2.5bn each from the World Bank and Interamerican Development Bank and $1bn from Spain. From the private sector, Argentina has secured an agreement by banks acting as ""market makers"" for government debt issues worth some $10bn, as well as a similar commitment by Argentine pension funds for around $3bn. </s>"
1858,"<s>[INST]  From the private sector, Argentina has secured an agreement by banks acting as ""market makers"" for government debt [/INST]  issues worth some $10bn, as well as a similar commitment by Argentine pension funds for around $3bn. It will also carry out a series of voluntary bond exchanges worth some $7bn, which will include debt coming due within the next five years. Horst Kohler, IMF managing director, said the package ""should improve the investment climate and, together with enhanced domestic and external confidence, lay the ground for sustained economic growth in Argentina"". </s>"
1859,"<s>[INST] The package, which is substantially larger than expected, includes $13.7bn from the International Monetary Fund, $2.5bn each from the World Bank and Interamerican Development Bank and $1bn from Spain.  From the private sector, Argentina has secured an agreement by banks acting as ""market makers"" for government debt [/INST]  issues worth some $10bn, as well as a similar commitment by Argentine pension funds for around $3bn. It will also carry out a series of voluntary bond exchanges worth some $7bn, which will include debt coming due within the next five years. </s>"
1860,"<s>[INST]  It will also carry out a series of voluntary bond exchanges worth some [/INST]  $7bn, which will include debt coming due within the next five years. Horst Kohler, IMF managing director, said the package ""should improve the investment climate and, together with enhanced domestic and external confidence, lay the ground for sustained economic growth in Argentina"". The package also received a statement of support from Larry Summers, US Treasury Secretary, who expressed his hopes that government reforms would lift the struggling Argentine economy from its slumber. </s>"
1861,"<s>[INST] From the private sector, Argentina has secured an agreement by banks acting as ""market makers"" for government debt issues worth some $10bn, as well as a similar commitment by Argentine pension funds for around $3bn.  It will also carry out a series of voluntary bond exchanges worth some [/INST]  $7bn, which will include debt coming due within the next five years. Horst Kohler, IMF managing director, said the package ""should improve the investment climate and, together with enhanced domestic and external confidence, lay the ground for sustained economic growth in Argentina"". </s>"
1862,"<s>[INST]  Horst Kohler, IMF managing director, said the package ""should improve the investment climate and, together with [/INST]  enhanced domestic and external confidence, lay the ground for sustained economic growth in Argentina"". The package also received a statement of support from Larry Summers, US Treasury Secretary, who expressed his hopes that government reforms would lift the struggling Argentine economy from its slumber. Like other emerging markets, Argentina's economy fell into a deep recession in 1999, contracting by more than 3 per cent. </s>"
1863,"<s>[INST] It will also carry out a series of voluntary bond exchanges worth some $7bn, which will include debt coming due within the next five years.  Horst Kohler, IMF managing director, said the package ""should improve the investment climate and, together with [/INST]  enhanced domestic and external confidence, lay the ground for sustained economic growth in Argentina"". The package also received a statement of support from Larry Summers, US Treasury Secretary, who expressed his hopes that government reforms would lift the struggling Argentine economy from its slumber. </s>"
1864,"<s>[INST]  The package also received a statement of support from Larry Summers, US Treasury Secretary, who expressed [/INST]  his hopes that government reforms would lift the struggling Argentine economy from its slumber. Like other emerging markets, Argentina's economy fell into a deep recession in 1999, contracting by more than 3 per cent. But unlike other regional economies, Argentina has so far been unable to pull itself out. </s>"
1865,"<s>[INST] Horst Kohler, IMF managing director, said the package ""should improve the investment climate and, together with enhanced domestic and external confidence, lay the ground for sustained economic growth in Argentina"".  The package also received a statement of support from Larry Summers, US Treasury Secretary, who expressed [/INST]  his hopes that government reforms would lift the struggling Argentine economy from its slumber. Like other emerging markets, Argentina's economy fell into a deep recession in 1999, contracting by more than 3 per cent. </s>"
1866,"<s>[INST]  Like other emerging markets, Argentina's economy fell into a deep recession [/INST]  in 1999, contracting by more than 3 per cent. But unlike other regional economies, Argentina has so far been unable to pull itself out. The economy is expected to grow by less than 0.5 per cent this year. </s>"
1867,"<s>[INST] The package also received a statement of support from Larry Summers, US Treasury Secretary, who expressed his hopes that government reforms would lift the struggling Argentine economy from its slumber.  Like other emerging markets, Argentina's economy fell into a deep recession [/INST]  in 1999, contracting by more than 3 per cent. But unlike other regional economies, Argentina has so far been unable to pull itself out. </s>"
1868,"<s>[INST]  But unlike other regional economies, Argentina has so [/INST]  far been unable to pull itself out. The economy is expected to grow by less than 0.5 per cent this year. In October, a political crisis nearly split the two-party coalition in power, further damaging fragile confidence in the country. </s>"
1869,"<s>[INST] Like other emerging markets, Argentina's economy fell into a deep recession in 1999, contracting by more than 3 per cent.  But unlike other regional economies, Argentina has so [/INST]  far been unable to pull itself out. The economy is expected to grow by less than 0.5 per cent this year. </s>"
1870,"<s>[INST]  The economy is expected to grow by less [/INST]  than 0.5 per cent this year. In October, a political crisis nearly split the two-party coalition in power, further damaging fragile confidence in the country. Cut off from international capital markets, Argentina faced big problems refinancing its $15.3bn in debt coming due next year, let alone meeting its total financing requirement of some $26bn when short-term debt is included. </s>"
1871,"<s>[INST] But unlike other regional economies, Argentina has so far been unable to pull itself out.  The economy is expected to grow by less [/INST]  than 0.5 per cent this year. In October, a political crisis nearly split the two-party coalition in power, further damaging fragile confidence in the country. </s>"
1872,"<s>[INST]  In October, a political crisis nearly split the two-party coalition [/INST]  in power, further damaging fragile confidence in the country. Cut off from international capital markets, Argentina faced big problems refinancing its $15.3bn in debt coming due next year, let alone meeting its total financing requirement of some $26bn when short-term debt is included. Argentina now hopes that the new aid package will restore confidence in the country, bringing down interest rates and helping kickstart the economy. </s>"
1873,"<s>[INST] The economy is expected to grow by less than 0.5 per cent this year.  In October, a political crisis nearly split the two-party coalition [/INST]  in power, further damaging fragile confidence in the country. Cut off from international capital markets, Argentina faced big problems refinancing its $15.3bn in debt coming due next year, let alone meeting its total financing requirement of some $26bn when short-term debt is included. </s>"
1874,"<s>[INST]  Cut off from international capital markets, Argentina faced big problems refinancing its $15.3bn in debt coming due next [/INST]  year, let alone meeting its total financing requirement of some $26bn when short-term debt is included. Argentina now hopes that the new aid package will restore confidence in the country, bringing down interest rates and helping kickstart the economy. Of the total aid package, some $25.4bn will be available before the end of 2001, the government said, covering virtually all of its financing requirements. </s>"
1875,"<s>[INST] In October, a political crisis nearly split the two-party coalition in power, further damaging fragile confidence in the country.  Cut off from international capital markets, Argentina faced big problems refinancing its $15.3bn in debt coming due next [/INST]  year, let alone meeting its total financing requirement of some $26bn when short-term debt is included. Argentina now hopes that the new aid package will restore confidence in the country, bringing down interest rates and helping kickstart the economy. </s>"
1876,"<s>[INST]  Argentina now hopes that the new aid package will restore confidence in [/INST]  the country, bringing down interest rates and helping kickstart the economy. Of the total aid package, some $25.4bn will be available before the end of 2001, the government said, covering virtually all of its financing requirements. A senior government official said that Argentina would draw $2.1bn from its existing IMF loan agreement ""in the next few days"", followed by up to $3bn in January, after the new aid is agreed by the IMF board. </s>"
1877,"<s>[INST] Cut off from international capital markets, Argentina faced big problems refinancing its $15.3bn in debt coming due next year, let alone meeting its total financing requirement of some $26bn when short-term debt is included.  Argentina now hopes that the new aid package will restore confidence in [/INST]  the country, bringing down interest rates and helping kickstart the economy. Of the total aid package, some $25.4bn will be available before the end of 2001, the government said, covering virtually all of its financing requirements. </s>"
1878,"<s>[INST]  Of the total aid package, some $25.4bn will be available before the end [/INST]  of 2001, the government said, covering virtually all of its financing requirements. A senior government official said that Argentina would draw $2.1bn from its existing IMF loan agreement ""in the next few days"", followed by up to $3bn in January, after the new aid is agreed by the IMF board. Today, Argentine finance officials will conduct a conference call to explain the aid package to investors around the world. </s>"
1879,"<s>[INST] Argentina now hopes that the new aid package will restore confidence in the country, bringing down interest rates and helping kickstart the economy.  Of the total aid package, some $25.4bn will be available before the end [/INST]  of 2001, the government said, covering virtually all of its financing requirements. A senior government official said that Argentina would draw $2.1bn from its existing IMF loan agreement ""in the next few days"", followed by up to $3bn in January, after the new aid is agreed by the IMF board. </s>"
1880,"<s>[INST]  A senior government official said that Argentina would draw $2.1bn from its existing IMF loan agreement ""in the next few [/INST]  days"", followed by up to $3bn in January, after the new aid is agreed by the IMF board. Today, Argentine finance officials will conduct a conference call to explain the aid package to investors around the world. Tomorrow Mr Machinea and Daniel Marx, the financing secretary, will also meet a range of opinion formers in New York, including international ratings agencies. </s>"
1881,"<s>[INST] Of the total aid package, some $25.4bn will be available before the end of 2001, the government said, covering virtually all of its financing requirements.  A senior government official said that Argentina would draw $2.1bn from its existing IMF loan agreement ""in the next few [/INST]  days"", followed by up to $3bn in January, after the new aid is agreed by the IMF board. Today, Argentine finance officials will conduct a conference call to explain the aid package to investors around the world. </s>"
1882,"<s>[INST]  Today, Argentine finance officials will conduct a conference call to [/INST]  explain the aid package to investors around the world. Tomorrow Mr Machinea and Daniel Marx, the financing secretary, will also meet a range of opinion formers in New York, including international ratings agencies. Officials must now convince them that they have ruled out the possibility of default. </s>"
1883,"<s>[INST] A senior government official said that Argentina would draw $2.1bn from its existing IMF loan agreement ""in the next few days"", followed by up to $3bn in January, after the new aid is agreed by the IMF board.  Today, Argentine finance officials will conduct a conference call to [/INST]  explain the aid package to investors around the world. Tomorrow Mr Machinea and Daniel Marx, the financing secretary, will also meet a range of opinion formers in New York, including international ratings agencies. </s>"
1884,"<s>[INST]  Tomorrow Mr Machinea and Daniel Marx, the financing secretary, will also meet a [/INST]  range of opinion formers in New York, including international ratings agencies. Officials must now convince them that they have ruled out the possibility of default. Copyright Financial Times Limited 2000. </s>"
1885,"<s>[INST] Today, Argentine finance officials will conduct a conference call to explain the aid package to investors around the world.  Tomorrow Mr Machinea and Daniel Marx, the financing secretary, will also meet a [/INST]  range of opinion formers in New York, including international ratings agencies. Officials must now convince them that they have ruled out the possibility of default. </s>"
1886,<s>[INST]  Officials must now convince them that they have [/INST]  ruled out the possibility of default. Copyright Financial Times Limited 2000. All Rights Reserved. </s>
1887,"<s>[INST] Tomorrow Mr Machinea and Daniel Marx, the financing secretary, will also meet a range of opinion formers in New York, including international ratings agencies.  Officials must now convince them that they have [/INST]  ruled out the possibility of default. Copyright Financial Times Limited 2000. </s>"
1888,"<s>[INST]  accountid=28034 Abstract: Rodrigo Rato, the Spanish economy minister, yesterday announced that Madrid would [/INST]  contribute $1bn towards the International Monetary Fund's rescue package for Argentina. Mr Rato said Spain was the only country that had agreed to join the bail-out. Full text: Madrid $1bn for Argentina Rodrigo Rato, the Spanish economy minister, yesterday announced that Madrid would contribute $1bn towards the International Monetary Fund's rescue package for Argentina. </s>"
1889,"<s>[INST] proquest.com/docview/248980756?  accountid=28034 Abstract: Rodrigo Rato, the Spanish economy minister, yesterday announced that Madrid would [/INST]  contribute $1bn towards the International Monetary Fund's rescue package for Argentina. Mr Rato said Spain was the only country that had agreed to join the bail-out. </s>"
1890,"<s>[INST]  Mr Rato said Spain was the only country [/INST]  that had agreed to join the bail-out. Full text: Madrid $1bn for Argentina Rodrigo Rato, the Spanish economy minister, yesterday announced that Madrid would contribute $1bn towards the International Monetary Fund's rescue package for Argentina. Mr Rato said Spain was the only country that had agreed to join the bail-out. </s>"
1891,"<s>[INST] accountid=28034  Abstract: Rodrigo Rato, the Spanish economy minister, yesterday announced that Madrid would contribute $1bn towards the International Monetary Fund's rescue package for Argentina.  Mr Rato said Spain was the only country [/INST]  that had agreed to join the bail-out. Full text: Madrid $1bn for Argentina Rodrigo Rato, the Spanish economy minister, yesterday announced that Madrid would contribute $1bn towards the International Monetary Fund's rescue package for Argentina. </s>"
1892,"<s>[INST]  Full text: Madrid $1bn for Argentina Rodrigo Rato, the Spanish economy minister, yesterday announced that [/INST]  Madrid would contribute $1bn towards the International Monetary Fund's rescue package for Argentina. Mr Rato said Spain was the only country that had agreed to join the bail-out. The loan is subject to the IMF's approval of Argentina's proposed economic reforms. </s>"
1893,"<s>[INST] Mr Rato said Spain was the only country that had agreed to join the bail-out.  Full text: Madrid $1bn for Argentina Rodrigo Rato, the Spanish economy minister, yesterday announced that [/INST]  Madrid would contribute $1bn towards the International Monetary Fund's rescue package for Argentina. Mr Rato said Spain was the only country that had agreed to join the bail-out. </s>"
1894,<s>[INST]  Mr Rato said Spain was the only country [/INST]  that had agreed to join the bail-out. The loan is subject to the IMF's approval of Argentina's proposed economic reforms. It will be disbursed in 2001. </s>
1895,"<s>[INST] Full text: Madrid $1bn for Argentina Rodrigo Rato, the Spanish economy minister, yesterday announced that Madrid would contribute $1bn towards the International Monetary Fund's rescue package for Argentina.  Mr Rato said Spain was the only country [/INST]  that had agreed to join the bail-out. The loan is subject to the IMF's approval of Argentina's proposed economic reforms. </s>"
1896,"<s>[INST]  The loan is subject to the IMF's [/INST]  approval of Argentina's proposed economic reforms. It will be disbursed in 2001. ""We are the largest foreign investors in Argentina, so we have a vested interest in the success of Mr De la Rua's stabilisation measures,"" said government officials in Madrid. </s>"
1897,<s>[INST] Mr Rato said Spain was the only country that had agreed to join the bail-out.  The loan is subject to the IMF's [/INST]  approval of Argentina's proposed economic reforms. It will be disbursed in 2001. </s>
1898,"<s>[INST]  ""We are the largest foreign investors in Argentina, so we have a vested interest in [/INST]  the success of Mr De la Rua's stabilisation measures,"" said government officials in Madrid. Repsol, the Spanish oil and gas group, is the biggest foreign investor and tax payer in Argentina. It paid $13.5bn last year for YPF, the Argentine oil company. </s>"
1899,"<s>[INST] It will be disbursed in 2001.  ""We are the largest foreign investors in Argentina, so we have a vested interest in [/INST]  the success of Mr De la Rua's stabilisation measures,"" said government officials in Madrid. Repsol, the Spanish oil and gas group, is the biggest foreign investor and tax payer in Argentina. </s>"
1900,"<s>[INST]  Repsol, the Spanish oil and gas group, is the [/INST]  biggest foreign investor and tax payer in Argentina. It paid $13.5bn last year for YPF, the Argentine oil company. BSCH and BBVA, Spain's two largest banks, Endesa, the electricity group, and Telefonica of Spain also run big operations in the southern cone. </s>"
1901,"<s>[INST] ""We are the largest foreign investors in Argentina, so we have a vested interest in the success of Mr De la Rua's stabilisation measures,"" said government officials in Madrid.  Repsol, the Spanish oil and gas group, is the [/INST]  biggest foreign investor and tax payer in Argentina. It paid $13.5bn last year for YPF, the Argentine oil company. </s>"
1902,"<s>[INST]  It paid $13.5bn last year for [/INST]  YPF, the Argentine oil company. BSCH and BBVA, Spain's two largest banks, Endesa, the electricity group, and Telefonica of Spain also run big operations in the southern cone. Leslie Crawford, Madrid, and Thomas Catan, Buenos Aires Copyright Financial Times Limited 2000. </s>"
1903,"<s>[INST] Repsol, the Spanish oil and gas group, is the biggest foreign investor and tax payer in Argentina.  It paid $13.5bn last year for [/INST]  YPF, the Argentine oil company. BSCH and BBVA, Spain's two largest banks, Endesa, the electricity group, and Telefonica of Spain also run big operations in the southern cone. </s>"
1904,"<s>[INST]  BSCH and BBVA, Spain's two largest banks, Endesa, the electricity group, and [/INST]  Telefonica of Spain also run big operations in the southern cone. Leslie Crawford, Madrid, and Thomas Catan, Buenos Aires Copyright Financial Times Limited 2000. All Rights Reserved. </s>"
1905,"<s>[INST] It paid $13.5bn last year for YPF, the Argentine oil company.  BSCH and BBVA, Spain's two largest banks, Endesa, the electricity group, and [/INST]  Telefonica of Spain also run big operations in the southern cone. Leslie Crawford, Madrid, and Thomas Catan, Buenos Aires Copyright Financial Times Limited 2000. </s>"
1906,"<s>[INST]  accountid=28034 Abstract: Already, Argentina's neighbours such as Brazil and Chile have suffered from worries over [/INST]  the country; Brazil trimmed its growth forecast partly as a result of Argentina's troubles. ""When the dust settles, the question will return: 'how much can this economy grow? ',"" said Andres Lederman, Argentina economist at Salomon Smith Barney in New York. </s>"
1907,"<s>[INST] proquest.com/docview/248910549?  accountid=28034 Abstract: Already, Argentina's neighbours such as Brazil and Chile have suffered from worries over [/INST]  the country; Brazil trimmed its growth forecast partly as a result of Argentina's troubles. ""When the dust settles, the question will return: 'how much can this economy grow? </s>"
1908,"<s>[INST]  ""When the dust settles, the question will return: [/INST]  'how much can this economy grow? ',"" said Andres Lederman, Argentina economist at Salomon Smith Barney in New York. Following Russia's disastrous debt default more than two years ago, Argentina's economy slipped into recession, contracting by more than 3 per cent in 1999. </s>"
1909,"<s>[INST] accountid=28034  Abstract: Already, Argentina's neighbours such as Brazil and Chile have suffered from worries over the country; Brazil trimmed its growth forecast partly as a result of Argentina's troubles.  ""When the dust settles, the question will return: [/INST]  'how much can this economy grow? ',"" said Andres Lederman, Argentina economist at Salomon Smith Barney in New York. </s>"
1910,"<s>[INST]  ',"" said Andres Lederman, Argentina economist at [/INST]  Salomon Smith Barney in New York. Following Russia's disastrous debt default more than two years ago, Argentina's economy slipped into recession, contracting by more than 3 per cent in 1999. ""Although the upcoming IMF package is great news for Argentina, the problems in the medium term still remain to be solved,"" JP Morgan wrote to clients this week. </s>"
1911,"<s>[INST] ""When the dust settles, the question will return: 'how much can this economy grow?  ',"" said Andres Lederman, Argentina economist at [/INST]  Salomon Smith Barney in New York. Following Russia's disastrous debt default more than two years ago, Argentina's economy slipped into recession, contracting by more than 3 per cent in 1999. </s>"
1912,"<s>[INST]  Following Russia's disastrous debt default more than two years ago, Argentina's economy slipped [/INST]  into recession, contracting by more than 3 per cent in 1999. ""Although the upcoming IMF package is great news for Argentina, the problems in the medium term still remain to be solved,"" JP Morgan wrote to clients this week. Copyright Financial Times Limited 2000. </s>"
1913,"<s>[INST] ',"" said Andres Lederman, Argentina economist at Salomon Smith Barney in New York.  Following Russia's disastrous debt default more than two years ago, Argentina's economy slipped [/INST]  into recession, contracting by more than 3 per cent in 1999. ""Although the upcoming IMF package is great news for Argentina, the problems in the medium term still remain to be solved,"" JP Morgan wrote to clients this week. </s>"
1914,"<s>[INST]  ""Although the upcoming IMF package is great news for Argentina, the problems in the medium [/INST]  term still remain to be solved,"" JP Morgan wrote to clients this week. Copyright Financial Times Limited 2000. All Rights Reserved. </s>"
1915,"<s>[INST] Following Russia's disastrous debt default more than two years ago, Argentina's economy slipped into recession, contracting by more than 3 per cent in 1999.  ""Although the upcoming IMF package is great news for Argentina, the problems in the medium [/INST]  term still remain to be solved,"" JP Morgan wrote to clients this week. Copyright Financial Times Limited 2000. </s>"
1916,"<s>[INST]  Full text: Argentina's government was yesterday poised to clear the final legislative hurdle that should pave the way for [/INST]  a $20bn-$30bn international rescue package that investors hope will pull the country out of a two-year trough. In the pre-dawn hours yesterday, the opposition-dominated Senate gave the government's 2001 budget outline approval, following a marathon session. Final item-by-item approval was expected later in the day. </s>"
1917,"<s>[INST] All Rights Reserved.  Full text: Argentina's government was yesterday poised to clear the final legislative hurdle that should pave the way for [/INST]  a $20bn-$30bn international rescue package that investors hope will pull the country out of a two-year trough. In the pre-dawn hours yesterday, the opposition-dominated Senate gave the government's 2001 budget outline approval, following a marathon session. </s>"
1918,"<s>[INST]  In the pre-dawn hours yesterday, the opposition-dominated Senate gave the [/INST]  government's 2001 budget outline approval, following a marathon session. Final item-by-item approval was expected later in the day. The swift passage of the budget is expected to prompt the International Monetary Fund to provide details of the aid package it has been assembling for the past month. </s>"
1919,"<s>[INST] Full text: Argentina's government was yesterday poised to clear the final legislative hurdle that should pave the way for a $20bn-$30bn international rescue package that investors hope will pull the country out of a two-year trough.  In the pre-dawn hours yesterday, the opposition-dominated Senate gave the [/INST]  government's 2001 budget outline approval, following a marathon session. Final item-by-item approval was expected later in the day. </s>"
1920,"<s>[INST]  The swift passage of the budget is expected to prompt the International Monetary Fund to [/INST]  provide details of the aid package it has been assembling for the past month. The announcement, which investors are keenly awaiting, is expected to happen in Washington during the first half of next week. Formal announcement of the aid package will come as a huge relief to many in the market, who had feared that Argentina could default on its foreign debt. </s>"
1921,"<s>[INST] Final item-by-item approval was expected later in the day.  The swift passage of the budget is expected to prompt the International Monetary Fund to [/INST]  provide details of the aid package it has been assembling for the past month. The announcement, which investors are keenly awaiting, is expected to happen in Washington during the first half of next week. </s>"
1922,"<s>[INST]  The announcement, which investors are keenly awaiting, is expected to happen [/INST]  in Washington during the first half of next week. Formal announcement of the aid package will come as a huge relief to many in the market, who had feared that Argentina could default on its foreign debt. Economists believe the IMF-led package will underpin a rally in emerging market debt prices, which had been hit by Argentine and other global concerns in recent weeks. </s>"
1923,"<s>[INST] The swift passage of the budget is expected to prompt the International Monetary Fund to provide details of the aid package it has been assembling for the past month.  The announcement, which investors are keenly awaiting, is expected to happen [/INST]  in Washington during the first half of next week. Formal announcement of the aid package will come as a huge relief to many in the market, who had feared that Argentina could default on its foreign debt. </s>"
1924,"<s>[INST]  Formal announcement of the aid package will come as a huge relief to many in [/INST]  the market, who had feared that Argentina could default on its foreign debt. Economists believe the IMF-led package will underpin a rally in emerging market debt prices, which had been hit by Argentine and other global concerns in recent weeks. Argentina accounts for up to a quarter of tradeable emerging market debt, and international financial officials are fearful that a potential default could spark a renewed round of financial contagion around the world. </s>"
1925,"<s>[INST] The announcement, which investors are keenly awaiting, is expected to happen in Washington during the first half of next week.  Formal announcement of the aid package will come as a huge relief to many in [/INST]  the market, who had feared that Argentina could default on its foreign debt. Economists believe the IMF-led package will underpin a rally in emerging market debt prices, which had been hit by Argentine and other global concerns in recent weeks. </s>"
1926,"<s>[INST]  Economists believe the IMF-led package will underpin a rally in emerging market debt prices, [/INST]  which had been hit by Argentine and other global concerns in recent weeks. Argentina accounts for up to a quarter of tradeable emerging market debt, and international financial officials are fearful that a potential default could spark a renewed round of financial contagion around the world. Already, Argentina's neighbours such as Brazil and Chile have suffered from worries over the country; Brazil trimmed its growth forecast partly as a result of Argentina's troubles. </s>"
1927,"<s>[INST] Formal announcement of the aid package will come as a huge relief to many in the market, who had feared that Argentina could default on its foreign debt.  Economists believe the IMF-led package will underpin a rally in emerging market debt prices, [/INST]  which had been hit by Argentine and other global concerns in recent weeks. Argentina accounts for up to a quarter of tradeable emerging market debt, and international financial officials are fearful that a potential default could spark a renewed round of financial contagion around the world. </s>"
1928,"<s>[INST]  Argentina accounts for up to a quarter of tradeable emerging market debt, and international financial officials are [/INST]  fearful that a potential default could spark a renewed round of financial contagion around the world. Already, Argentina's neighbours such as Brazil and Chile have suffered from worries over the country; Brazil trimmed its growth forecast partly as a result of Argentina's troubles. With the rescue package secured, the possibility of default by Argentina has now receded. </s>"
1929,"<s>[INST] Economists believe the IMF-led package will underpin a rally in emerging market debt prices, which had been hit by Argentine and other global concerns in recent weeks.  Argentina accounts for up to a quarter of tradeable emerging market debt, and international financial officials are [/INST]  fearful that a potential default could spark a renewed round of financial contagion around the world. Already, Argentina's neighbours such as Brazil and Chile have suffered from worries over the country; Brazil trimmed its growth forecast partly as a result of Argentina's troubles. </s>"
1930,"<s>[INST]  Already, Argentina's neighbours such as Brazil and Chile have suffered from worries over the [/INST]  country; Brazil trimmed its growth forecast partly as a result of Argentina's troubles. With the rescue package secured, the possibility of default by Argentina has now receded. However, the question remains whether the country, which has been unable to pull itself out of recession for more than two years, can resume real growth. </s>"
1931,"<s>[INST] Argentina accounts for up to a quarter of tradeable emerging market debt, and international financial officials are fearful that a potential default could spark a renewed round of financial contagion around the world.  Already, Argentina's neighbours such as Brazil and Chile have suffered from worries over the [/INST]  country; Brazil trimmed its growth forecast partly as a result of Argentina's troubles. With the rescue package secured, the possibility of default by Argentina has now receded. </s>"
1932,"<s>[INST]  With the rescue package secured, the possibility of [/INST]  default by Argentina has now receded. However, the question remains whether the country, which has been unable to pull itself out of recession for more than two years, can resume real growth. If not, the IMF and US Treasury fear the country could find itself in the same frightening situation a year hence. </s>"
1933,"<s>[INST] Already, Argentina's neighbours such as Brazil and Chile have suffered from worries over the country; Brazil trimmed its growth forecast partly as a result of Argentina's troubles.  With the rescue package secured, the possibility of [/INST]  default by Argentina has now receded. However, the question remains whether the country, which has been unable to pull itself out of recession for more than two years, can resume real growth. </s>"
1934,"<s>[INST]  However, the question remains whether the country, which has been unable to pull itself [/INST]  out of recession for more than two years, can resume real growth. If not, the IMF and US Treasury fear the country could find itself in the same frightening situation a year hence. On a visit to Buenos Aires this week, Timothy Geithner, US Treasury under-secretary, took a keen interest in how the government planned to kick-start growth in the coming year. </s>"
1935,"<s>[INST] With the rescue package secured, the possibility of default by Argentina has now receded.  However, the question remains whether the country, which has been unable to pull itself [/INST]  out of recession for more than two years, can resume real growth. If not, the IMF and US Treasury fear the country could find itself in the same frightening situation a year hence. </s>"
1936,"<s>[INST]  If not, the IMF and US Treasury fear the country could [/INST]  find itself in the same frightening situation a year hence. On a visit to Buenos Aires this week, Timothy Geithner, US Treasury under-secretary, took a keen interest in how the government planned to kick-start growth in the coming year. In that, Mr Geithner is not alone. </s>"
1937,"<s>[INST] However, the question remains whether the country, which has been unable to pull itself out of recession for more than two years, can resume real growth.  If not, the IMF and US Treasury fear the country could [/INST]  find itself in the same frightening situation a year hence. On a visit to Buenos Aires this week, Timothy Geithner, US Treasury under-secretary, took a keen interest in how the government planned to kick-start growth in the coming year. </s>"
1938,"<s>[INST]  On a visit to Buenos Aires this week, Timothy Geithner, US Treasury under-secretary, took a [/INST]  keen interest in how the government planned to kick-start growth in the coming year. In that, Mr Geithner is not alone. ""When the dust settles, the question will return: 'how much can this economy grow? </s>"
1939,"<s>[INST] If not, the IMF and US Treasury fear the country could find itself in the same frightening situation a year hence.  On a visit to Buenos Aires this week, Timothy Geithner, US Treasury under-secretary, took a [/INST]  keen interest in how the government planned to kick-start growth in the coming year. In that, Mr Geithner is not alone. </s>"
1940,"<s>[INST]  ""When the dust settles, the question will return: [/INST]  'how much can this economy grow? ',"" said Andres Lederman, Argentina economist at Salomon Smith Barney in New York. Following Russia's disastrous debt default more than two years ago, Argentina's economy slipped into recession, contracting by more than 3 per cent in 1999. </s>"
1941,"<s>[INST] In that, Mr Geithner is not alone.  ""When the dust settles, the question will return: [/INST]  'how much can this economy grow? ',"" said Andres Lederman, Argentina economist at Salomon Smith Barney in New York. </s>"
1942,"<s>[INST]  ',"" said Andres Lederman, Argentina economist at [/INST]  Salomon Smith Barney in New York. Following Russia's disastrous debt default more than two years ago, Argentina's economy slipped into recession, contracting by more than 3 per cent in 1999. This year, the economy is projected to grow by just 0.5 per cent. </s>"
1943,"<s>[INST] ""When the dust settles, the question will return: 'how much can this economy grow?  ',"" said Andres Lederman, Argentina economist at [/INST]  Salomon Smith Barney in New York. Following Russia's disastrous debt default more than two years ago, Argentina's economy slipped into recession, contracting by more than 3 per cent in 1999. </s>"
1944,"<s>[INST]  Following Russia's disastrous debt default more than two years ago, Argentina's economy slipped [/INST]  into recession, contracting by more than 3 per cent in 1999. This year, the economy is projected to grow by just 0.5 per cent. Some external factors that have hurt Argentina's economy, such as high US interest rates and the falling value of the euro, are at long last beginning to revert, providing some relief for the country's struggling economy. </s>"
1945,"<s>[INST] ',"" said Andres Lederman, Argentina economist at Salomon Smith Barney in New York.  Following Russia's disastrous debt default more than two years ago, Argentina's economy slipped [/INST]  into recession, contracting by more than 3 per cent in 1999. This year, the economy is projected to grow by just 0.5 per cent. </s>"
1946,"<s>[INST]  This year, the economy is projected to [/INST]  grow by just 0.5 per cent. Some external factors that have hurt Argentina's economy, such as high US interest rates and the falling value of the euro, are at long last beginning to revert, providing some relief for the country's struggling economy. On the other hand, investors have fled risky credits worldwide in recent months, making it harder for the country to raise cheap financing next year. </s>"
1947,"<s>[INST] Following Russia's disastrous debt default more than two years ago, Argentina's economy slipped into recession, contracting by more than 3 per cent in 1999.  This year, the economy is projected to [/INST]  grow by just 0.5 per cent. Some external factors that have hurt Argentina's economy, such as high US interest rates and the falling value of the euro, are at long last beginning to revert, providing some relief for the country's struggling economy. </s>"
1948,"<s>[INST]  Some external factors that have hurt Argentina's economy, such as high US interest rates and the falling value of [/INST]  the euro, are at long last beginning to revert, providing some relief for the country's struggling economy. On the other hand, investors have fled risky credits worldwide in recent months, making it harder for the country to raise cheap financing next year. ""Although the upcoming IMF package is great news for Argentina, the problems in the medium term still remain to be solved,"" JP Morgan wrote to clients this week. </s>"
1949,"<s>[INST] This year, the economy is projected to grow by just 0.5 per cent.  Some external factors that have hurt Argentina's economy, such as high US interest rates and the falling value of [/INST]  the euro, are at long last beginning to revert, providing some relief for the country's struggling economy. On the other hand, investors have fled risky credits worldwide in recent months, making it harder for the country to raise cheap financing next year. </s>"
1950,"<s>[INST]  On the other hand, investors have fled risky credits worldwide in recent months, [/INST]  making it harder for the country to raise cheap financing next year. ""Although the upcoming IMF package is great news for Argentina, the problems in the medium term still remain to be solved,"" JP Morgan wrote to clients this week. Copyright Financial Times Limited 2000. </s>"
1951,"<s>[INST] Some external factors that have hurt Argentina's economy, such as high US interest rates and the falling value of the euro, are at long last beginning to revert, providing some relief for the country's struggling economy.  On the other hand, investors have fled risky credits worldwide in recent months, [/INST]  making it harder for the country to raise cheap financing next year. ""Although the upcoming IMF package is great news for Argentina, the problems in the medium term still remain to be solved,"" JP Morgan wrote to clients this week. </s>"
1952,"<s>[INST]  ""Although the upcoming IMF package is great news for Argentina, the problems in the medium [/INST]  term still remain to be solved,"" JP Morgan wrote to clients this week. Copyright Financial Times Limited 2000. All Rights Reserved. </s>"
1953,"<s>[INST] On the other hand, investors have fled risky credits worldwide in recent months, making it harder for the country to raise cheap financing next year.  ""Although the upcoming IMF package is great news for Argentina, the problems in the medium [/INST]  term still remain to be solved,"" JP Morgan wrote to clients this week. Copyright Financial Times Limited 2000. </s>"
1954,"<s>[INST]  accountid=28034 Abstract: An IMF mission arrived in Buenos Aires yesterday to hammer out the final details [/INST]  of the package and discuss the country's compliance with the conditions of the aid. Argentina accounts for up to a quarter of tradeable emerging market debt worldwide, leading to fears of contagion if it were to be forced into default. After more than two years of economic recession, investors became alarmed last month that Argentina might be unable to raise the nearly $20bn it needs next year to keep servicing its foreign debt. </s>"
1955,"<s>[INST] proquest.com/docview/249026929?  accountid=28034 Abstract: An IMF mission arrived in Buenos Aires yesterday to hammer out the final details [/INST]  of the package and discuss the country's compliance with the conditions of the aid. Argentina accounts for up to a quarter of tradeable emerging market debt worldwide, leading to fears of contagion if it were to be forced into default. </s>"
1956,"<s>[INST]  Argentina accounts for up to a quarter of tradeable emerging market debt worldwide, leading [/INST]  to fears of contagion if it were to be forced into default. After more than two years of economic recession, investors became alarmed last month that Argentina might be unable to raise the nearly $20bn it needs next year to keep servicing its foreign debt. The resulting crisis of confidence forced Argentina to turn to the IMF for help in meeting payment on its $123.5bn in foreign debt. </s>"
1957,"<s>[INST] accountid=28034  Abstract: An IMF mission arrived in Buenos Aires yesterday to hammer out the final details of the package and discuss the country's compliance with the conditions of the aid.  Argentina accounts for up to a quarter of tradeable emerging market debt worldwide, leading [/INST]  to fears of contagion if it were to be forced into default. After more than two years of economic recession, investors became alarmed last month that Argentina might be unable to raise the nearly $20bn it needs next year to keep servicing its foreign debt. </s>"
1958,"<s>[INST]  After more than two years of economic recession, investors became alarmed last month that Argentina might be [/INST]  unable to raise the nearly $20bn it needs next year to keep servicing its foreign debt. The resulting crisis of confidence forced Argentina to turn to the IMF for help in meeting payment on its $123.5bn in foreign debt. Copyright Financial Times Limited 2000. </s>"
1959,"<s>[INST] Argentina accounts for up to a quarter of tradeable emerging market debt worldwide, leading to fears of contagion if it were to be forced into default.  After more than two years of economic recession, investors became alarmed last month that Argentina might be [/INST]  unable to raise the nearly $20bn it needs next year to keep servicing its foreign debt. The resulting crisis of confidence forced Argentina to turn to the IMF for help in meeting payment on its $123.5bn in foreign debt. </s>"
1960,<s>[INST]  The resulting crisis of confidence forced Argentina to turn to the IMF [/INST]  for help in meeting payment on its $123.5bn in foreign debt. Copyright Financial Times Limited 2000. All Rights Reserved. </s>
1961,"<s>[INST] After more than two years of economic recession, investors became alarmed last month that Argentina might be unable to raise the nearly $20bn it needs next year to keep servicing its foreign debt.  The resulting crisis of confidence forced Argentina to turn to the IMF [/INST]  for help in meeting payment on its $123.5bn in foreign debt. Copyright Financial Times Limited 2000. </s>"
1962,"<s>[INST]  Full text: Argentina's lower house yesterday approved the broad outline of the government's 2001 budget, bringing [/INST]  the country one step closer to an international rescue package of between $20bn and $30bn. ""I'm very pleased and I hope it's approved in detail soon,"" said Jose Luis Machinea, economy minister, after the dawn vote that followed a tense, all-night session. The government expected final line-by-line approval on the budget later in the day, after which it will move to the Senate, where the government is in a minority. </s>"
1963,"<s>[INST] All Rights Reserved.  Full text: Argentina's lower house yesterday approved the broad outline of the government's 2001 budget, bringing [/INST]  the country one step closer to an international rescue package of between $20bn and $30bn. ""I'm very pleased and I hope it's approved in detail soon,"" said Jose Luis Machinea, economy minister, after the dawn vote that followed a tense, all-night session. </s>"
1964,"<s>[INST]  ""I'm very pleased and I hope it's approved in detail soon,"" said Jose Luis [/INST]  Machinea, economy minister, after the dawn vote that followed a tense, all-night session. The government expected final line-by-line approval on the budget later in the day, after which it will move to the Senate, where the government is in a minority. Earlier this week, it was forced to backtrack on virtually all of the $700m in planned spending cuts due to tough opposition from Congress. </s>"
1965,"<s>[INST] Full text: Argentina's lower house yesterday approved the broad outline of the government's 2001 budget, bringing the country one step closer to an international rescue package of between $20bn and $30bn.  ""I'm very pleased and I hope it's approved in detail soon,"" said Jose Luis [/INST]  Machinea, economy minister, after the dawn vote that followed a tense, all-night session. The government expected final line-by-line approval on the budget later in the day, after which it will move to the Senate, where the government is in a minority. </s>"
1966,"<s>[INST]  The government expected final line-by-line approval on the budget later in the day, after which [/INST]  it will move to the Senate, where the government is in a minority. Earlier this week, it was forced to backtrack on virtually all of the $700m in planned spending cuts due to tough opposition from Congress. Passage of the budget is one of several hurdles to be overcome in order to unlock a package of international aid led by the International Monetary Fund. </s>"
1967,"<s>[INST] ""I'm very pleased and I hope it's approved in detail soon,"" said Jose Luis Machinea, economy minister, after the dawn vote that followed a tense, all-night session.  The government expected final line-by-line approval on the budget later in the day, after which [/INST]  it will move to the Senate, where the government is in a minority. Earlier this week, it was forced to backtrack on virtually all of the $700m in planned spending cuts due to tough opposition from Congress. </s>"
1968,"<s>[INST]  Earlier this week, it was forced to backtrack on virtually all of the [/INST]  $700m in planned spending cuts due to tough opposition from Congress. Passage of the budget is one of several hurdles to be overcome in order to unlock a package of international aid led by the International Monetary Fund. Another - the deregulation of the union-run public healthcare system - was expected to be passed by presidential decree either yesterday or today, government officials said. </s>"
1969,"<s>[INST] The government expected final line-by-line approval on the budget later in the day, after which it will move to the Senate, where the government is in a minority.  Earlier this week, it was forced to backtrack on virtually all of the [/INST]  $700m in planned spending cuts due to tough opposition from Congress. Passage of the budget is one of several hurdles to be overcome in order to unlock a package of international aid led by the International Monetary Fund. </s>"
1970,"<s>[INST]  Passage of the budget is one of several hurdles to be overcome in order [/INST]  to unlock a package of international aid led by the International Monetary Fund. Another - the deregulation of the union-run public healthcare system - was expected to be passed by presidential decree either yesterday or today, government officials said. Yesterday, Mr Machinea said the rescue package was just days away. </s>"
1971,"<s>[INST] Earlier this week, it was forced to backtrack on virtually all of the $700m in planned spending cuts due to tough opposition from Congress.  Passage of the budget is one of several hurdles to be overcome in order [/INST]  to unlock a package of international aid led by the International Monetary Fund. Another - the deregulation of the union-run public healthcare system - was expected to be passed by presidential decree either yesterday or today, government officials said. </s>"
1972,"<s>[INST]  Another - the deregulation of the union-run public healthcare system - was expected to [/INST]  be passed by presidential decree either yesterday or today, government officials said. Yesterday, Mr Machinea said the rescue package was just days away. ""We will have the figure in no more than a week, and disbursement will begin before the end of December,"" Mr Machinea told a local radio station. </s>"
1973,"<s>[INST] Passage of the budget is one of several hurdles to be overcome in order to unlock a package of international aid led by the International Monetary Fund.  Another - the deregulation of the union-run public healthcare system - was expected to [/INST]  be passed by presidential decree either yesterday or today, government officials said. Yesterday, Mr Machinea said the rescue package was just days away. </s>"
1974,"<s>[INST]  Yesterday, Mr Machinea said the rescue [/INST]  package was just days away. ""We will have the figure in no more than a week, and disbursement will begin before the end of December,"" Mr Machinea told a local radio station. Another finance official said the country would draw an immediate $2bn from the new loan facility in December. </s>"
1975,"<s>[INST] Another - the deregulation of the union-run public healthcare system - was expected to be passed by presidential decree either yesterday or today, government officials said.  Yesterday, Mr Machinea said the rescue [/INST]  package was just days away. ""We will have the figure in no more than a week, and disbursement will begin before the end of December,"" Mr Machinea told a local radio station. </s>"
1976,"<s>[INST]  ""We will have the figure in no more than a week, and disbursement will [/INST]  begin before the end of December,"" Mr Machinea told a local radio station. Another finance official said the country would draw an immediate $2bn from the new loan facility in December. Mr Machinea insisted that both the budget and the series of reforms required by the IMF were proceeding apace. </s>"
1977,"<s>[INST] Yesterday, Mr Machinea said the rescue package was just days away.  ""We will have the figure in no more than a week, and disbursement will [/INST]  begin before the end of December,"" Mr Machinea told a local radio station. Another finance official said the country would draw an immediate $2bn from the new loan facility in December. </s>"
1978,<s>[INST]  Another finance official said the country would draw an immediate [/INST]  $2bn from the new loan facility in December. Mr Machinea insisted that both the budget and the series of reforms required by the IMF were proceeding apace. The government has already persuaded provincial governors to sign up to a five-year spending freeze. </s>
1979,"<s>[INST] ""We will have the figure in no more than a week, and disbursement will begin before the end of December,"" Mr Machinea told a local radio station.  Another finance official said the country would draw an immediate [/INST]  $2bn from the new loan facility in December. Mr Machinea insisted that both the budget and the series of reforms required by the IMF were proceeding apace. </s>"
1980,<s>[INST]  Mr Machinea insisted that both the budget and the series [/INST]  of reforms required by the IMF were proceeding apace. The government has already persuaded provincial governors to sign up to a five-year spending freeze. It must now secure approval for controversial reforms to the social security and state pension systems - or pass them by presidential decree. </s>
1981,<s>[INST] Another finance official said the country would draw an immediate $2bn from the new loan facility in December.  Mr Machinea insisted that both the budget and the series [/INST]  of reforms required by the IMF were proceeding apace. The government has already persuaded provincial governors to sign up to a five-year spending freeze. </s>
1982,<s>[INST]  The government has already persuaded provincial governors to [/INST]  sign up to a five-year spending freeze. It must now secure approval for controversial reforms to the social security and state pension systems - or pass them by presidential decree. An IMF mission arrived in Buenos Aires yesterday to hammer out the final details of the package and discuss the country's compliance with the conditions of the aid. </s>
1983,<s>[INST] Mr Machinea insisted that both the budget and the series of reforms required by the IMF were proceeding apace.  The government has already persuaded provincial governors to [/INST]  sign up to a five-year spending freeze. It must now secure approval for controversial reforms to the social security and state pension systems - or pass them by presidential decree. </s>
1984,"<s>[INST]  It must now secure approval for controversial reforms to the social security [/INST]  and state pension systems - or pass them by presidential decree. An IMF mission arrived in Buenos Aires yesterday to hammer out the final details of the package and discuss the country's compliance with the conditions of the aid. Argentina accounts for up to a quarter of tradeable emerging market debt worldwide, leading to fears of contagion if it were to be forced into default. </s>"
1985,<s>[INST] The government has already persuaded provincial governors to sign up to a five-year spending freeze.  It must now secure approval for controversial reforms to the social security [/INST]  and state pension systems - or pass them by presidential decree. An IMF mission arrived in Buenos Aires yesterday to hammer out the final details of the package and discuss the country's compliance with the conditions of the aid. </s>
1986,"<s>[INST]  An IMF mission arrived in Buenos Aires yesterday to hammer out the final details of [/INST]  the package and discuss the country's compliance with the conditions of the aid. Argentina accounts for up to a quarter of tradeable emerging market debt worldwide, leading to fears of contagion if it were to be forced into default. After more than two years of economic recession, investors became alarmed last month that Argentina might be unable to raise the nearly $20bn it needs next year to keep servicing its foreign debt. </s>"
1987,"<s>[INST] It must now secure approval for controversial reforms to the social security and state pension systems - or pass them by presidential decree.  An IMF mission arrived in Buenos Aires yesterday to hammer out the final details of [/INST]  the package and discuss the country's compliance with the conditions of the aid. Argentina accounts for up to a quarter of tradeable emerging market debt worldwide, leading to fears of contagion if it were to be forced into default. </s>"
1988,"<s>[INST]  Argentina accounts for up to a quarter of tradeable emerging market debt worldwide, leading [/INST]  to fears of contagion if it were to be forced into default. After more than two years of economic recession, investors became alarmed last month that Argentina might be unable to raise the nearly $20bn it needs next year to keep servicing its foreign debt. The resulting crisis of confidence forced Argentina to turn to the IMF for help in meeting payment on its $123.5bn in foreign debt. </s>"
1989,"<s>[INST] An IMF mission arrived in Buenos Aires yesterday to hammer out the final details of the package and discuss the country's compliance with the conditions of the aid.  Argentina accounts for up to a quarter of tradeable emerging market debt worldwide, leading [/INST]  to fears of contagion if it were to be forced into default. After more than two years of economic recession, investors became alarmed last month that Argentina might be unable to raise the nearly $20bn it needs next year to keep servicing its foreign debt. </s>"
1990,"<s>[INST]  After more than two years of economic recession, investors became alarmed last month that Argentina might be [/INST]  unable to raise the nearly $20bn it needs next year to keep servicing its foreign debt. The resulting crisis of confidence forced Argentina to turn to the IMF for help in meeting payment on its $123.5bn in foreign debt. Copyright Financial Times Limited 2000. </s>"
1991,"<s>[INST] Argentina accounts for up to a quarter of tradeable emerging market debt worldwide, leading to fears of contagion if it were to be forced into default.  After more than two years of economic recession, investors became alarmed last month that Argentina might be [/INST]  unable to raise the nearly $20bn it needs next year to keep servicing its foreign debt. The resulting crisis of confidence forced Argentina to turn to the IMF for help in meeting payment on its $123.5bn in foreign debt. </s>"
1992,<s>[INST]  The resulting crisis of confidence forced Argentina to turn to the IMF [/INST]  for help in meeting payment on its $123.5bn in foreign debt. Copyright Financial Times Limited 2000. All Rights Reserved. </s>
1993,"<s>[INST] After more than two years of economic recession, investors became alarmed last month that Argentina might be unable to raise the nearly $20bn it needs next year to keep servicing its foreign debt.  The resulting crisis of confidence forced Argentina to turn to the IMF [/INST]  for help in meeting payment on its $123.5bn in foreign debt. Copyright Financial Times Limited 2000. </s>"
1994,"<s>[INST]  accountid=28034 Abstract: With more than a year's financing [/INST]  assured, Argentina's debt suddenly looks very cheap. Logically, its sovereign risk premium should now fall sharply, lowering interest rates, boosting confidence and helping to kick-start a somnolent economy. That outcome, however, will require Argentina's politicians, of all colours, to behave responsibly - or the country will find itself in the same frightening position a year hence. </s>"
1995,"<s>[INST] proquest.com/docview/248835066?  accountid=28034 Abstract: With more than a year's financing [/INST]  assured, Argentina's debt suddenly looks very cheap. Logically, its sovereign risk premium should now fall sharply, lowering interest rates, boosting confidence and helping to kick-start a somnolent economy. </s>"
1996,"<s>[INST]  Logically, its sovereign risk premium should now fall sharply, lowering interest [/INST]  rates, boosting confidence and helping to kick-start a somnolent economy. That outcome, however, will require Argentina's politicians, of all colours, to behave responsibly - or the country will find itself in the same frightening position a year hence. Full text: Argentina After a few worrying weeks, Argentina has pulled back from the brink of an economic crisis. </s>"
1997,"<s>[INST] accountid=28034  Abstract: With more than a year's financing assured, Argentina's debt suddenly looks very cheap.  Logically, its sovereign risk premium should now fall sharply, lowering interest [/INST]  rates, boosting confidence and helping to kick-start a somnolent economy. That outcome, however, will require Argentina's politicians, of all colours, to behave responsibly - or the country will find itself in the same frightening position a year hence. </s>"
1998,"<s>[INST]  That outcome, however, will require Argentina's politicians, of all colours, to behave responsibly - or [/INST]  the country will find itself in the same frightening position a year hence. Full text: Argentina After a few worrying weeks, Argentina has pulled back from the brink of an economic crisis. The government's agreement with provincial governors to freeze their primary spending for five years paves the way for an international rescue package of $20bn or more. </s>"
1999,"<s>[INST] Logically, its sovereign risk premium should now fall sharply, lowering interest rates, boosting confidence and helping to kick-start a somnolent economy.  That outcome, however, will require Argentina's politicians, of all colours, to behave responsibly - or [/INST]  the country will find itself in the same frightening position a year hence. Full text: Argentina After a few worrying weeks, Argentina has pulled back from the brink of an economic crisis. </s>"
2000,"<s>[INST]  Full text: Argentina After a few worrying weeks, Argentina has [/INST]  pulled back from the brink of an economic crisis. The government's agreement with provincial governors to freeze their primary spending for five years paves the way for an international rescue package of $20bn or more. The question now is whether this will be enough to put the country back on the path to growth. </s>"
2001,"<s>[INST] That outcome, however, will require Argentina's politicians, of all colours, to behave responsibly - or the country will find itself in the same frightening position a year hence.  Full text: Argentina After a few worrying weeks, Argentina has [/INST]  pulled back from the brink of an economic crisis. The government's agreement with provincial governors to freeze their primary spending for five years paves the way for an international rescue package of $20bn or more. </s>"
2002,"<s>[INST]  The government's agreement with provincial governors to freeze their primary spending for five years [/INST]  paves the way for an international rescue package of $20bn or more. The question now is whether this will be enough to put the country back on the path to growth. With more than a year's financing assured, Argentina's debt suddenly looks very cheap. </s>"
2003,"<s>[INST] Full text: Argentina After a few worrying weeks, Argentina has pulled back from the brink of an economic crisis.  The government's agreement with provincial governors to freeze their primary spending for five years [/INST]  paves the way for an international rescue package of $20bn or more. The question now is whether this will be enough to put the country back on the path to growth. </s>"
2004,"<s>[INST]  The question now is whether this will be enough to [/INST]  put the country back on the path to growth. With more than a year's financing assured, Argentina's debt suddenly looks very cheap. Logically, its sovereign risk premium should now fall sharply, lowering interest rates, boosting confidence and helping to kick-start a somnolent economy. </s>"
2005,"<s>[INST] The government's agreement with provincial governors to freeze their primary spending for five years paves the way for an international rescue package of $20bn or more.  The question now is whether this will be enough to [/INST]  put the country back on the path to growth. With more than a year's financing assured, Argentina's debt suddenly looks very cheap. </s>"
2006,"<s>[INST]  With more than a year's financing assured, [/INST]  Argentina's debt suddenly looks very cheap. Logically, its sovereign risk premium should now fall sharply, lowering interest rates, boosting confidence and helping to kick-start a somnolent economy. That outcome, however, will require Argentina's politicians, of all colours, to behave responsibly - or the country will find itself in the same frightening position a year hence. </s>"
2007,"<s>[INST] The question now is whether this will be enough to put the country back on the path to growth.  With more than a year's financing assured, [/INST]  Argentina's debt suddenly looks very cheap. Logically, its sovereign risk premium should now fall sharply, lowering interest rates, boosting confidence and helping to kick-start a somnolent economy. </s>"
2008,"<s>[INST]  Logically, its sovereign risk premium should now fall sharply, lowering interest [/INST]  rates, boosting confidence and helping to kick-start a somnolent economy. That outcome, however, will require Argentina's politicians, of all colours, to behave responsibly - or the country will find itself in the same frightening position a year hence. Most important, the government must press on with its reform programme, particularly of the social security and pension systems. </s>"
2009,"<s>[INST] With more than a year's financing assured, Argentina's debt suddenly looks very cheap.  Logically, its sovereign risk premium should now fall sharply, lowering interest [/INST]  rates, boosting confidence and helping to kick-start a somnolent economy. That outcome, however, will require Argentina's politicians, of all colours, to behave responsibly - or the country will find itself in the same frightening position a year hence. </s>"
2010,"<s>[INST]  That outcome, however, will require Argentina's politicians, of all colours, to behave responsibly - or [/INST]  the country will find itself in the same frightening position a year hence. Most important, the government must press on with its reform programme, particularly of the social security and pension systems. Second, President Fernando de la Rua will have to maintain greater discipline - the coalition cannot afford a repeat of the internal bickering that nearly led to its break-up. </s>"
2011,"<s>[INST] Logically, its sovereign risk premium should now fall sharply, lowering interest rates, boosting confidence and helping to kick-start a somnolent economy.  That outcome, however, will require Argentina's politicians, of all colours, to behave responsibly - or [/INST]  the country will find itself in the same frightening position a year hence. Most important, the government must press on with its reform programme, particularly of the social security and pension systems. </s>"
2012,"<s>[INST]  Most important, the government must press on with its reform [/INST]  programme, particularly of the social security and pension systems. Second, President Fernando de la Rua will have to maintain greater discipline - the coalition cannot afford a repeat of the internal bickering that nearly led to its break-up. Third, the government must do a better job of explaining its actions both at home and abroad. </s>"
2013,"<s>[INST] That outcome, however, will require Argentina's politicians, of all colours, to behave responsibly - or the country will find itself in the same frightening position a year hence.  Most important, the government must press on with its reform [/INST]  programme, particularly of the social security and pension systems. Second, President Fernando de la Rua will have to maintain greater discipline - the coalition cannot afford a repeat of the internal bickering that nearly led to its break-up. </s>"
2014,"<s>[INST]  Second, President Fernando de la Rua will have to maintain greater discipline - the coalition [/INST]  cannot afford a repeat of the internal bickering that nearly led to its break-up. Third, the government must do a better job of explaining its actions both at home and abroad. The opposition, too, must act with a heavy sense of responsibility. </s>"
2015,"<s>[INST] Most important, the government must press on with its reform programme, particularly of the social security and pension systems.  Second, President Fernando de la Rua will have to maintain greater discipline - the coalition [/INST]  cannot afford a repeat of the internal bickering that nearly led to its break-up. Third, the government must do a better job of explaining its actions both at home and abroad. </s>"
2016,"<s>[INST]  Third, the government must do a better job of [/INST]  explaining its actions both at home and abroad. The opposition, too, must act with a heavy sense of responsibility. Though they signed up to the government's measures eventually, Peronist governors like Carlos Ruckauf of Buenos Aires have relished playing politics at a dangerous time. </s>"
2017,"<s>[INST] Second, President Fernando de la Rua will have to maintain greater discipline - the coalition cannot afford a repeat of the internal bickering that nearly led to its break-up.  Third, the government must do a better job of [/INST]  explaining its actions both at home and abroad. The opposition, too, must act with a heavy sense of responsibility. </s>"
2018,"<s>[INST]  The opposition, too, must act with [/INST]  a heavy sense of responsibility. Though they signed up to the government's measures eventually, Peronist governors like Carlos Ruckauf of Buenos Aires have relished playing politics at a dangerous time. Such brinkmanship could backfire badly if it is repeated in the negotiations over the government's crucial 2001 budget. </s>"
2019,"<s>[INST] Third, the government must do a better job of explaining its actions both at home and abroad.  The opposition, too, must act with [/INST]  a heavy sense of responsibility. Though they signed up to the government's measures eventually, Peronist governors like Carlos Ruckauf of Buenos Aires have relished playing politics at a dangerous time. </s>"
2020,"<s>[INST]  Though they signed up to the government's measures eventually, Peronist governors like Carlos [/INST]  Ruckauf of Buenos Aires have relished playing politics at a dangerous time. Such brinkmanship could backfire badly if it is repeated in the negotiations over the government's crucial 2001 budget. Copyright Financial Times Limited 2000. </s>"
2021,"<s>[INST] The opposition, too, must act with a heavy sense of responsibility.  Though they signed up to the government's measures eventually, Peronist governors like Carlos [/INST]  Ruckauf of Buenos Aires have relished playing politics at a dangerous time. Such brinkmanship could backfire badly if it is repeated in the negotiations over the government's crucial 2001 budget. </s>"
2022,<s>[INST]  Such brinkmanship could backfire badly if it is repeated in [/INST]  the negotiations over the government's crucial 2001 budget. Copyright Financial Times Limited 2000. All Rights Reserved. </s>
2023,"<s>[INST] Though they signed up to the government's measures eventually, Peronist governors like Carlos Ruckauf of Buenos Aires have relished playing politics at a dangerous time.  Such brinkmanship could backfire badly if it is repeated in [/INST]  the negotiations over the government's crucial 2001 budget. Copyright Financial Times Limited 2000. </s>"