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大象传媒 Radio 4 - 92 to 94 FM and 198 Long WaveListen to Digital Radio, Digital TV and OnlineListen on Digital Radio, Digital TV and Online

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IN BUSINESS
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Thursdays 20:30-21:00
Rpt: Sundays 21:30-22:00
Peter Day examines trends and developments in industry and the world of work.

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In Business,
1210 大象传媒 White City,
London
W12 7TS
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Listen to In Business for 17 January 2003
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PETER DAY
Peter Day
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Thursday 9 January
rodriguez
P Rodriguez

Cry for Argentina

In the past 13 months, Argentina has been through economic hell unusual even by that country's normal standards. In December 2001 the government ended the fixed link between the Argentine peso and the US dollar. And from one dollar to one peso, the Argentine currency plunged to four to the dollar reducing its international value by two thirds.

At the same time, the bank accounts of companies and individuals were frozen by official decree and eventually in November the country began to default on the interest due on its big foreign borrowings, reducing it to basket case status in the global financial community. There have been riots in the streets and unemployment has risen sharply to an official 20 percent, maybe much larger.

In In Business, Peter Day finds out how ordinary Argentines are coping and hears from some bright young entrepreneurs who know fear despite the chaos they are trying to do business in. This in a country which used to be one of the richest in the world.
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