Financial Panic Now Sweeping Through South America

Financial Panic Now Sweeping Through South America

While the United States wrestled with financial meltdown this fall, Latin American leaders often boasted that their economies were models of stability in an otherwise tumultuous global landscape.

Such confidence gave way, however, to panic this week, as the effects of the U.S. credit crunch and an international downturn wreak havoc on Latin America's formerly booming economies.

October 22, 2008

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