Argentina loan bailout echoed in U S creditors feast
Washington reports a $125 million U S Export Import Bank credit to Argentine banks, backed by Argentina’s Central Bank. The loan, urged by the State Department, signals new leverage for Peron’s regime and risks destabilizing Latin American diplomacy as regional partners react with dismay. The funds stay in U S banks, not sent abroad.
MENTIONED IN THIS ARTICLE
Peter Edson
NEA
Washington
Peron
U. S
Staf
Victor Jamie Mayo
U. S State Department
Latin America
Uncle Sam
Ecuador
Uruguay
United States
US banks bear brunt of Argentine debt bailout
Export-Import Bank actions shift risk from Argentina to American lenders and firms. Estimates place Argentine private debts at 108 million dollars in the United States, with about one third held by 19 US banks including National City Bank of New York and First National of Boston, each around 7 million. Government debt totals about 30 million, with unclear用途.
MENTIONED IN THIS ARTICLE
Pero
Peron
Washington
United States
National City Bank of
New York
First National of
Boston
Argentina Debt Reorganization Faces Bank and Exporters
Banks and exporters debate a restructuring plan in Washington involving Bank of London & South America Royal Bank of Canada and U S firms. The debate centers on who is paid first including General Electric Westinghouse Ford and GM, with 300 smaller US creditors and muni tions purchases excluded.
MENTIONED IN THIS ARTICLE
Bank of London & South America
Royal Bank of Canada
U. S
Lnternational
General Electric
Westinghouse
Ford
General Motors Export
Central Bank of Argentina
Bank Group
Washington
Hank
Koehler
Evita
Peru
Uncle Sam and the Argentine profit repatriation plan
A distorted passage notes that the United States plans to collect on outstanding charges while Argentina blocks profits. It mentions a saved amount of 67 million dollars and asserts that blocked profits cannot be remitted at full exchange rates, with a referenced rate of about one third.
MENTIONED IN THIS ARTICLE
Sam
Also Mentioned on This Page
Argentina
U.S
Bank of Argentinas
Sears, Robbuck and CO
Edward Siedling
Norva Ave
Keystone House
Nicodemus Parts
Court
Kehne Furniture Company
South Market St
Sears
Kenmore
Massachusetts
Callifathon Puaranteed
Newsrater Archive
W. Patrick ST. Frederick, MD
the News
Frederick, Md
Henry
Frederick
S & Boys
Gabardine Slac
Henry’s
N. Market St
Savusus
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