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

admin on October 22nd, 2008

French President Nicolas Sarkozy speaks during a media conference after an EU summit in Brussels, Wednesday Oct. 15, 2008. Efforts to calm the impact of the global financial crisis will top the agenda at a two-day EU leaders summit along with talks on how the 27-nation bloc can keep on track ambitious promises to cut greenhouse gas emissions by 20 percent by 2020. (AP Photo/Michel Euler)AP - What price clean air, sparkling streams, stately chestnut trees along busy avenues? In some ways it depends on whether you are a citizen of Old or New Europe.


AP

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