Argentina's President Cristina Fernandez de Kirchner speaks at the National Social Security Administration in Buenos Aires, October 21, 2008. Fernandez de Kirchner signed on Tuesday a bill for a government takeover of the $30 billion private pension system in a daring and unexpected move that rocked markets. (Marcos Brindicci/Reuters)Reuters - Argentina's surprise plan to nationalize its private pension system caused chaos on local markets on Wednesday and raised fears about a debt default, sending a ripple effect of fear about emerging-market investments into European stocks and Asian bonds.


Reuters

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