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Aid to Argentina saves Washington from making tough choices.(Argentina)(Brief Article)

America's Insider,  November, 2000  

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WASHINGTON -- Fearing a situation that would require Washington to finance a major bailout, Clinton administration officials encouraged Washington-based international lending institutions to come to Argentina's aid. After Argentine financial officials made a hurried trip to Washington a week ago to discuss the latest financial crisis - sparked by looming obligations that have become increasingly expensive to service - the International Monetary Fund agreed to release $7 billion, the last installment of a loan taken out earlier this year.

More importantly, after President ...

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