Do you think Argentina will continue affecting Ibero-American countries?
It is true that trade and exchange with many countries have changed, especially the cases of Brazil, Uruguay, Paraguay and Bolivia because now our local production is much more competitive. As to Spain, it has many direct investments in our country and some sectors have been affected. The problem begins with the recession of the past years. Spanish companies that participated in Argentine privatizations were subject to the US inflation rate despite the local deflation. So the problem is not only a matter of assuming the devaluatory impact. We must also assume that this sort of problems may rise in long-term licensing agreements like this. Economic cycles do not only occur in Argentina but in the whole world. Of course, in countries like ours economic cycle are harsher and create stronger impacts but this does not mean that in the period of a licensing agreement there should be no times of greater expansion or difficulties. Based on Bushs suggestion, President Lagos invited Duhalde to i
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