Monday, January 25, 2010
The situation continue to get more interesting in Argentina as Reuters reports that the fight between President Cristina Fernandez and the nation's chief central banker over the use of foreign currency reserves to pay down debt has intensified.
Police stopped the head of Argentina's central bank from entering the bank on Sunday, hours after he vowed to stay in his job despite a court ruling that the government said meant he had to step down.Not long ago, Redrado was fired but then reinstated the next day by the court.
Martin Redrado, who is locked in dispute with the president over her plan to use central bank reserves to pay debt, said he went to the bank with his lawyers to see if he would be allowed to enter the premises but that police officers stopped them.
"(This shows) a flagrant violation of the court's order," Redrado said in a statement, adding that he had presented a legal complaint against Cabinet Chief Anibal Fernandez for "impeding him from carrying out his duties."
Can you imaging anything like this happening in the U.S.? President Obama preventing Ben Bernanke from entering the Federal Reserve building?