51. Ricardo Salinas Pliego arrived just in time for the debt crisis that devastated Elektra. 52. Several international banks froze lending to Indonesia as the government remained paralyzed over a deepening debt crisis. 53. Some of the lessons learned in the Latin American debt crisis may be applied by banks and government officials to the problems of South Korea. 54. Some experts believe that Argentina is a case study in how not to handle a debt crisis. 55. Stocks gained for the past four days on optimism the country will resolve its short-term debt crisis with assistance from the IMF and others. 56. Suranyi and Bokros instituted a package of tough austerity measures that trimmed government spending, tightened monetary policy, restored investor confidence and prevented a debt crisis. 57. Statist Latin American governments, meanwhile, had already begun to discredit themselves with policies that produced a series of debt crises. 58. That will trim the profits of those that survive the mounting debt crisis. 59. The bad debts have also led people to wonder aloud whether South Korea could become the center of a new foreign debt crisis. 60. The debt crisis in Indonesia today deepened as BankAmerica and several other international banks froze lending to the country. |