Argentina seizes pension funds

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Argentine President Christina Fernandez sent a bill to Congress to allow for a government takeover of some $30 billion in pension funds. Argentina is the second largest economy in South America.Katharine Jackson reports.SOUNDBITE: Argentine President Christina Fernandez, saying (Spanish):"We are, sincerely I believe, at the end of an era at the world level, and I believe that what we are doing here today is a strategic decision in this international framework."


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