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."