1 8 Finance Finance NNP 9 17 Minister Minister NNP 18 20 of of IN 21 30 Argentina Argentina NNP 31 38 Resigns Resigns NNPS 39 43 Post Post NNP 52 55 The the DT 56 67 uncertainty uncertainty NN 68 70 of of IN 71 80 Argentina Argentina NNP 80 82 ’s 's POS 83 93 precarious precarious JJ 94 103 financial financial JJ 104 113 situation situation NN 115 123 deepened deepen VBD 124 133 yesterday yesterday NN 134 138 when when WRB 139 145 Daniel Daniel NNP 146 150 Marx Marx NNP 150 151 , , , 152 155 the the DT 156 163 finance finance NN 164 173 secretary secretary NN 173 174 , , , 176 184 resigned resign VBD 184 185 . . . 189 192 Mr. Mr. NNP 193 197 Marx Marx NNP 198 205 stepped step VBD 206 210 down down RP 211 213 as as IN 214 223 Argentina Argentina NNP 224 228 paid pay VBD 229 230 $ $ $ 230 233 700 700 CD 234 241 million million CD 242 244 in in IN 246 256 short-term short-term JJ 257 261 debt debt NN 262 266 owed owe VBN 267 269 to to TO 270 275 local local JJ 276 281 banks bank NNS 282 284 by by IN 285 292 forcing force VBG 293 300 pension pension NN 301 306 funds fund NNS 307 309 to to TO 311 314 buy buy VB 315 325 government government NN 326 331 bonds bond NNS 331 332 . . . 333 336 The the DT 337 344 payment payment NN 345 348 was be VBD 349 352 the the DT 353 358 first first JJ 359 361 of of IN 362 365 two two CD 366 368 in in IN 370 378 December December NNP 379 383 that that WDT 384 389 would would MD 390 394 hold hold VB 395 398 off off RP 399 400 a a DT 401 408 default default NN 409 411 on on IN 412 415 its its PRP$ 416 422 public public JJ 423 428 debt. debt. NN 428 429 . . . 431 440 Argentina Argentina NNP 441 444 has have VBZ 445 449 been be VBN 450 460 struggling struggle VBG 461 463 to to TO 464 471 contain contain VB 472 475 its its PRP$ 476 482 public public JJ 483 487 debt debt NN 487 488 , , , 489 492 now now RB 494 502 totaling total VBG 503 508 about about IN 509 510 $ $ $ 510 513 132 132 CD 514 521 billion billion CD 521 522 , , , 523 528 after after IN 529 533 four four CD 534 539 years year NNS 540 542 of of IN 543 552 recession recession NN 552 553 . . . 557 559 In in IN 560 570 discussing discuss VBG 571 574 his his PRP$ 575 583 decision decision NN 583 584 , , , 585 588 Mr. Mr. NNP 589 593 Marx Marx NNP 594 603 suggested suggest VBD 604 608 that that IN 609 611 it it PRP 612 615 was be VBD 616 620 time time NN 622 625 for for IN 626 633 someone someone NN 634 638 else else RB 639 641 to to TO 642 649 oversee oversee VB 650 653 the the DT 654 664 government government NN 664 666 ’s 's POS 667 679 negotiations negotiation NNS 680 684 with with IN 686 689 its its PRP$ 690 699 creditors creditor NNS 699 700 . . . 701 702 “ `` `` 702 704 It it PRP 704 706 ’s ' VBZ 707 708 a a DT 709 714 cycle cycle NN 714 715 , , , 715 716 ” '' '' 717 719 he he PRP 720 724 said say VBD 724 725 . . . 726 727 “ `` `` 727 728 I I PRP 729 732 had have VBD 733 737 also also RB 738 742 some some DT 744 752 personal personal JJ 753 759 things thing NNS 760 762 to to TO 763 767 deal deal VB 768 772 with with IN 772 773 . . . 773 774 ” '' '' 778 781 Mr. Mr. NNP 782 786 Marx Marx NNP 787 792 added add VBD 793 797 that that IN 798 800 he he PRP 801 806 would would MD 807 812 still still RB 813 817 work work VB 818 822 with with IN 823 826 the the DT 827 837 government government NN 837 838 , , , 839 841 in in IN 843 844 a a DT 845 853 capacity capacity NN 854 858 that that WDT 859 862 had have VBD 863 866 not not RB 867 870 yet yet RB 871 875 been be VBN 876 886 formalized formalize VBN 886 887 . . . 888 889 “ `` `` 889 890 I I PRP 891 897 agreed agree VBD 898 900 to to TO 902 910 continue continue VB 911 913 to to TO 914 918 work work VB 919 921 on on IN 922 925 the the DT 926 934 national national JJ 935 939 debt debt NN 940 946 issues issue NNS 947 950 for for IN 951 960 Argentina Argentina NNP 960 961 , , , 961 962 ” '' '' 963 965 he he PRP 967 971 said say VBD 971 972 . . . 976 978 In in IN 979 982 the the DT 983 987 last last JJ 988 991 few few JJ 992 997 weeks week NNS 997 998 , , , 999 1006 working work VBG 1007 1011 with with IN 1012 1015 the the DT 1016 1023 economy economy NN 1024 1032 minister minister NN 1032 1033 , , , 1035 1042 Domingo Domingo NNP 1043 1050 Cavallo Cavallo NNP 1050 1051 , , , 1052 1055 Mr. Mr. NNP 1056 1060 Marx Marx NNP 1061 1064 had have VBD 1065 1069 been be VBN 1070 1076 trying try VBG 1077 1079 to to TO 1080 1088 persuade persuade VB 1090 1099 Argentina Argentina NNP 1099 1101 ’s 's POS 1102 1109 foreign foreign JJ 1110 1119 creditors creditor NNS 1120 1122 to to TO 1123 1129 accept accept VB 1130 1135 lower low JJR 1136 1144 interest interest NN 1145 1150 rates rate NNS 1151 1153 on on IN 1155 1163 existing exist VBG 1164 1169 debts debt NNS 1169 1170 . . . 1171 1179 Domestic domestic JJ 1180 1189 creditors creditor NNS 1190 1197 already already RB 1198 1204 agreed agree VBD 1204 1205 , , , 1206 1211 under under IN 1212 1216 some some DT 1218 1224 duress duress NN 1224 1225 , , , 1226 1228 to to TO 1229 1233 swap swap VB 1234 1241 roughly roughly RB 1242 1243 $ $ $ 1243 1245 40 40 CD 1246 1253 billion billion CD 1254 1256 in in IN 1257 1268 obligations obligation NNS 1269 1272 for for IN 1273 1276 new new JJ 1278 1283 loans loan NNS 1283 1284 . . . 1285 1288 Mr. Mr. NNP 1289 1293 Marx Marx NNP 1294 1298 said say VBD 1299 1303 that that IN 1304 1307 his his PRP$ 1308 1315 foreign foreign JJ 1316 1329 consultations consultation NNS 1330 1333 had have VBD 1334 1338 been be VBN 1340 1350 proceeding proceed VBG 1351 1352 “ `` `` 1352 1361 according accord VBG 1362 1364 to to TO 1365 1373 schedule schedule VB 1373 1374 . . . 1374 1375 ” '' '' 1379 1384 There there EX 1385 1388 was be VBD 1389 1391 no no DT 1392 1397 doubt doubt NN 1397 1398 , , , 1399 1406 however however RB 1406 1407 , , , 1408 1412 that that IN 1413 1416 Mr. Mr. NNP 1417 1421 Marx Marx NNP 1421 1423 ’s 's POS 1424 1427 job job NN 1428 1431 had have VBD 1432 1440 recently recently RB 1442 1448 become become VBN 1449 1456 tougher tough JJR 1456 1457 . . . 1458 1461 The the DT 1462 1475 International International NNP 1476 1484 Monetary Monetary NNP 1485 1489 Fund Fund NNP 1490 1497 decided decide VBD 1498 1502 last last JJ 1504 1508 week week NN 1509 1511 to to TO 1512 1517 delay delay VB 1518 1521 the the DT 1522 1529 release release NN 1530 1532 of of IN 1533 1534 $ $ $ 1534 1537 1.3 1.3 CD 1538 1545 billion billion CD 1546 1548 in in IN 1549 1552 aid aid NN 1552 1553 , , , 1554 1559 which which WDT 1560 1562 is be VBZ 1564 1570 needed need VBN 1571 1573 to to TO 1574 1579 cover cover VB 1580 1581 a a DT 1582 1588 budget budget NN 1589 1598 shortfall shortfall NN 1598 1599 . . . 1600 1606 During during IN 1607 1610 the the DT 1611 1615 last last JJ 1616 1619 few few JJ 1620 1626 months month NNS 1626 1627 , , , 1629 1638 political political JJ 1639 1649 infighting infighting NN 1650 1653 has have VBZ 1654 1660 eroded erode VBN 1661 1664 the the DT 1665 1675 government government NN 1675 1677 ’s 's POS 1678 1685 ability ability NN 1686 1688 to to TO 1690 1696 adhere adhere VB 1697 1699 to to TO 1700 1703 the the DT 1704 1716 zero-deficit zero-deficit JJ 1717 1721 rule rule NN 1722 1729 favored favor VBN 1730 1732 by by IN 1733 1736 the the DT 1737 1743 I.M.F. I.M.F. NNP 1744 1747 and and CC 1749 1757 promised promise VBN 1758 1760 by by IN 1761 1764 Mr. Mr. NNP 1765 1772 Cavallo Cavallo NNP 1772 1773 . . . 1777 1780 Mr. Mr. NNP 1781 1785 Marx Marx NNP 1785 1787 ’s 's POS 1788 1799 resignation resignation NN 1800 1804 also also RB 1805 1813 followed follow VBD 1814 1815 a a DT 1816 1824 national national JJ 1825 1831 strike strike NN 1832 1834 on on IN 1836 1844 Thursday Thursday NNP 1845 1847 by by IN 1848 1853 union union NN 1854 1861 members member NNS 1861 1862 , , , 1863 1874 shopkeepers shopkeeper NNS 1875 1878 and and CC 1879 1889 unemployed unemployed JJ 1890 1897 workers worker NNS 1897 1898 , , , 1900 1905 which which WDT 1906 1913 brought bring VBD 1914 1917 the the DT 1918 1925 country country NN 1926 1931 close close RB 1932 1934 to to TO 1935 1936 a a DT 1937 1947 standstill standstill NN 1947 1948 . . . 1949 1952 The the DT 1953 1961 strikers striker NNS 1963 1967 were be VBD 1968 1978 protesting protest VBG 1979 1986 federal federal JJ 1987 1993 budget budget NN 1994 1998 cuts cut NNS 1999 2002 and and CC 2003 2015 restrictions restriction NNS 2016 2018 on on IN 2020 2031 withdrawals withdrawal NNS 2032 2036 from from IN 2037 2041 bank bank NN 2042 2050 accounts account NNS 2050 2051 . . . 2055 2058 Mr. Mr. NNP 2059 2066 Cavallo Cavallo NNP 2067 2077 instituted institute VBD 2078 2081 the the DT 2082 2089 banking banking NN 2090 2098 controls control NNS 2099 2101 on on IN 2102 2106 Dec. Dec. NNP 2107 2108 1 1 CD 2109 2111 to to TO 2112 2117 stave stave VB 2119 2122 off off RP 2123 2124 a a DT 2125 2128 run run NN 2129 2131 on on IN 2132 2141 Argentina Argentina NNP 2141 2143 ’s 's POS 2144 2149 banks bank NNS 2149 2150 . . . 2151 2161 Depositors depositor NNS 2162 2165 who who WP 2166 2173 worried worry VBD 2174 2178 that that IN 2179 2182 the the DT 2184 2188 peso peso NN 2188 2190 ’s 's POS 2191 2196 fixed fix VBN 2197 2207 one-to-one one-to-one NN 2208 2216 exchange exchange NN 2217 2221 rate rate NN 2222 2226 with with IN 2227 2230 the the DT 2231 2237 dollar dollar NN 2238 2241 was be VBD 2242 2247 about about IN 2249 2251 to to TO 2252 2254 be be VB 2255 2261 broken break VBN 2262 2264 by by IN 2265 2266 a a DT 2267 2278 devaluation devaluation NN 2278 2279 , , , 2280 2287 despite despite IN 2288 2291 Mr. Mr. NNP 2292 2299 Cavallo Cavallo NNP 2299 2301 ’s 's POS 2302 2312 insistence insistence NN 2314 2316 to to TO 2317 2320 the the DT 2321 2329 contrary contrary NN 2329 2330 , , , 2331 2335 were be VBD 2336 2347 withdrawing withdraw VBG 2348 2355 dollars dollar NNS 2356 2360 from from IN 2361 2365 bank bank NN 2366 2374 accounts account NNS 2374 2375 . . . 2376 2377 A a DT 2379 2385 sudden sudden JJ 2385 2386 , , , 2387 2397 widespread widespread JJ 2398 2402 drop drop NN 2403 2405 in in IN 2406 2414 deposits deposit NNS 2415 2425 threatened threaten VBN 2426 2428 to to TO 2429 2434 choke choke VB 2435 2443 economic economic JJ 2445 2453 activity activity NN 2454 2457 and and CC 2458 2464 worsen worsen VB 2465 2468 the the DT 2469 2476 country country NN 2476 2478 ’s 's POS 2479 2488 financial financial JJ 2489 2497 troubles trouble NNS 2497 2498 . . . 2502 2505 The the DT 2506 2514 controls control NNS 2515 2519 were be VBD 2520 2521 a a DT 2522 2526 sign sign NN 2527 2529 of of IN 2530 2533 the the DT 2534 2543 financial financial JJ 2544 2553 pressures pressure NNS 2554 2556 on on IN 2558 2567 Argentina Argentina NNP 2567 2568 , , , 2569 2578 according accord VBG 2579 2581 to to TO 2582 2589 Vincent Vincent NNP 2590 2597 Truglia Truglia NNP 2597 2598 , , , 2599 2601 an an DT 2602 2609 analyst analyst NN 2610 2612 at at IN 2613 2618 Moody Moody NNP 2618 2620 ’s 's POS 2622 2623 ( ( ( 2623 2633 news/quote news/quote NN 2633 2634 ) ) ) 2634 2635 . . . 2636 2637 “ `` `` 2637 2641 They they PRP 2642 2646 were be VBD 2647 2657 indicative indicative JJ 2658 2660 of of IN 2661 2664 the the DT 2665 2669 very very RB 2670 2679 difficult difficult JJ 2681 2690 situation situation NN 2691 2695 that that IN 2696 2699 the the DT 2700 2707 country country NN 2708 2711 was be VBD 2712 2714 in in IN 2715 2718 and and CC 2719 2728 continues continue VBZ 2729 2731 to to TO 2732 2734 be be VB 2735 2737 in in RB 2737 2738 , , , 2738 2739 ” '' '' 2740 2742 he he PRP 2744 2748 said say VBD 2748 2749 . . . 2753 2756 Mr. Mr. NNP 2757 2761 Marx Marx NNP 2762 2770 declined decline VBD 2771 2773 to to TO 2774 2777 say say VB 2778 2780 in in IN 2781 2783 an an DT 2784 2793 interview interview NN 2794 2801 whether whether IN 2802 2804 he he PRP 2805 2808 had have VBD 2809 2816 favored favor VBN 2818 2826 imposing impose VBG 2827 2830 the the DT 2831 2843 restrictions restriction NNS 2843 2844 . . . 2848 2851 Mr. Mr. NNP 2852 2856 Marx Marx NNP 2857 2863 became become VBD 2864 2871 finance finance NN 2872 2881 secretary secretary NN 2882 2884 in in IN 2885 2893 December December NNP 2894 2898 1999 1999 CD 2899 2904 after after IN 2905 2906 a a DT 2908 2914 career career NN 2915 2917 in in IN 2918 2925 private private JJ 2926 2933 finance finance NN 2934 2937 and and CC 2938 2939 a a DT 2940 2945 stint stint NN 2946 2948 on on IN 2949 2952 the the DT 2953 2958 board board NN 2959 2961 of of IN 2963 2972 Argentina Argentina NNP 2972 2974 ’s 's POS 2975 2982 central central JJ 2983 2987 bank bank NN 2987 2988 . . . 2989 2992 The the DT 2993 3000 finance finance NN 3001 3010 secretary secretary NN 3011 3013 is be VBZ 3014 3025 effectively effectively RB 3027 3030 the the DT 3031 3038 economy economy NN 3039 3047 minister minister NN 3047 3049 ’s 's POS 3050 3056 deputy deputy NN 3056 3057 , , , 3058 3062 with with IN 3063 3071 specific specific JJ 3072 3086 responsibility responsibility NN 3087 3090 for for IN 3092 3095 the the DT 3096 3102 public public JJ 3103 3107 debt debt NN 3107 3108 . . . 3112 3115 Mr. Mr. NNP 3116 3120 Marx Marx NNP 3121 3125 kept keep VBD 3126 3129 his his PRP$ 3130 3133 job job NN 3134 3141 through through IN 3142 3145 the the DT 3146 3157 resignation resignation NN 3158 3161 and and CC 3162 3173 replacement replacement NN 3174 3176 of of IN 3178 3181 two two CD 3182 3189 economy economy NN 3190 3199 ministers minister NNS 3199 3200 , , , 3201 3205 Jose Jose NNP 3206 3210 Luis Luis NNP 3211 3219 Machinea Machinea NNP 3220 3223 and and CC 3224 3231 Ricardo Ricardo NNP 3233 3245 Lopez-Murphy Lopez-Murphy NNP 3245 3246 , , , 3247 3250 and and CC 3251 3254 the the DT 3255 3261 return return NN 3262 3264 of of IN 3265 3268 Mr. Mr. NNP 3269 3276 Cavallo Cavallo NNP 3277 3279 to to TO 3280 3290 government government NN 3290 3291 . . . 3292 3295 His his PRP$ 3297 3306 technical technical JJ 3307 3316 knowledge knowledge NN 3317 3320 and and CC 3321 3327 strong strong JJ 3328 3337 relations relation NNS 3338 3342 with with IN 3343 3352 Argentina Argentina NNP 3352 3354 ’s 's POS 3356 3363 foreign foreign JJ 3364 3373 creditors creditor NNS 3374 3377 won win VBD 3378 3381 him him PRP 3382 3394 considerable considerable JJ 3395 3402 respect respect NN 3403 3405 at at IN 3406 3410 home home NN 3411 3414 and and CC 3416 3422 abroad abroad RB 3422 3423 . . . 3427 3430 Mr. Mr. NNP 3431 3435 Marx Marx NNP 3436 3438 is be VBZ 3439 3444 known know VBN 3445 3448 for for IN 3449 3457 favoring favor VBG 3458 3470 market-based market-based JJ 3471 3477 rather rather RB 3478 3482 than than IN 3484 3494 regulatory regulatory JJ 3495 3504 solutions solution NNS 3505 3507 to to TO 3508 3516 economic economic JJ 3517 3525 problems problem NNS 3525 3526 , , , 3527 3528 a a DT 3529 3539 reputation reputation NN 3540 3546 shared share VBN 3548 3550 by by IN 3551 3556 Julio Julio NNP 3557 3565 Dreizzen Dreizzen NNP 3565 3566 , , , 3567 3570 who who WP 3571 3579 resigned resign VBD 3580 3582 as as IN 3583 3590 finance finance NN 3591 3605 undersecretary undersecretary NN 3606 3608 on on IN 3610 3614 Oct. Oct. NNP 3615 3617 29 29 CD 3617 3618 , , , 3619 3625 citing cite VBG 3626 3634 personal personal JJ 3635 3642 reasons reason NNS 3642 3643 . . . 3647 3650 Mr. Mr. NNP 3651 3655 Marx Marx NNP 3655 3657 ’s 's POS 3658 3667 departure departure NN 3668 3671 may may MD 3672 3676 pave pave VB 3677 3680 the the DT 3681 3684 way way NN 3685 3688 for for IN 3689 3695 Miguel Miguel NNP 3696 3702 Kiguel Kiguel NNP 3702 3703 , , , 3704 3706 an an DT 3708 3717 economist economist NN 3718 3722 from from IN 3723 3726 the the DT 3727 3739 Justicialist justicialist JJ 3740 3750 opposition opposition NN 3751 3756 party party NN 3756 3757 , , , 3758 3760 to to TO 3761 3765 join join VB 3766 3769 Mr. Mr. NNP 3771 3778 Cavallo Cavallo NNP 3778 3780 ’s 's POS 3781 3785 team team NN 3785 3786 . . . 3787 3789 On on IN 3790 3798 Thursday Thursday NNP 3798 3799 , , , 3800 3809 Argentina Argentina NNP 3809 3811 ’s 's POS 3812 3821 president president NN 3821 3822 , , , 3823 3831 Fernando Fernando NNP 3832 3834 de de NNP 3836 3838 la la NNP 3839 3842 Rua Rua NNP 3844 3847 met meet VBD 3848 3852 with with IN 3853 3859 Carlos Carlos NNP 3860 3866 Sa?nem Sa?nem NNP 3866 3867 , , , 3868 3869 a a DT 3870 3876 former former JJ 3877 3886 president president NN 3887 3890 and and CC 3892 3898 leader leader NN 3899 3901 of of IN 3902 3905 the the DT 3906 3919 Justicialists Justicialist NNPS 3919 3920 , , , 3921 3923 to to TO 3924 3931 discuss discuss VB 3932 3940 economic economic JJ 3941 3949 strategy strategy NN 3949 3950 . . . 3951 3954 The the DT 3956 3967 appointment appointment NN 3968 3970 of of IN 3971 3974 Mr. Mr. NNP 3975 3981 Kiguel Kiguel NNP 3982 3984 to to TO 3985 3992 succeed succeed VB 3993 3996 Mr. Mr. NNP 3997 4001 Marx Marx NNP 4002 4005 may may MD 4006 4008 be be VB 4009 4013 seen see VBN 4014 4016 as as IN 4017 4018 a a DT 4020 4023 way way NN 4024 4026 to to TO 4027 4032 bring bring VB 4033 4036 the the DT 4037 4050 Justicialists Justicialist NNPS 4051 4055 into into IN 4056 4059 Mr. Mr. NNP 4060 4062 De De NNP 4063 4065 La La NNP 4066 4069 Rua Rua NNP 4069 4071 ’s 's POS 4072 4078 ruling ruling NN 4080 4089 coalition coalition NN 4089 4090 , , , 4091 4098 forming form VBG 4099 4100 a a DT 4101 4105 sort sort NN 4106 4108 of of IN 4109 4117 national national JJ 4118 4123 unity unity NN 4124 4134 government government NN 4135 4137 to to TO 4139 4146 address address VB 4147 4150 the the DT 4151 4158 economy economy NN 4158 4159 . . . 4163 4172 Copyright Copyright NNP 4173 4177 2001 2001 CD 4178 4181 The the DT 4182 4185 New New NNP 4186 4190 York York NNP 4191 4196 Times Times NNP 4197 4204 Company Company NNP