Argentine Congress Forms Commission to Investigate Debt

A joint Argentine parliamentary commission with representatives from the country's different political parties has been formed to investigate the origin, evolution, and current status of nation's foreign debt. Argentina's foreign debt was massively accrued during the military dictatorship of the 1970s through speculative financing policies and further increased under neoliberal governments with the reestablishment of democracy in 1983. The debt has since been subject to renegotiation, swaps, default, and reduction, and only began to be reversed under the governments of Nestor Kirchner and Cristina Fernandez. The Commission, which will issue its report within 180 days, will review the entire process from 1976 to date. Leonel Poblete reports from Buenos Aires. teleSUR