Domingo Cavallo

In a stack of Argentine newspaper clippings on Domingo Cavallo's first four years as economy minister, what stands out is his headline-grabbing propensity for controversy and conflict. Examples: In December, 1991, Cavallo blasted the rector of the University of Buenos Aires, declaring that the institution was "very badly managed" with "astonishing waste." The rector counterattacked in a public letter he titled "Liar Cavallo."

Domingo Cavallo, Argentina's controversial former economy minister, was arrested Wednesday in a case involving illegal arms sales to Croatia and Ecuador in the 1990s. Cavallo's detention came at the end of an hourlong court session in which Judge Julio Speroni questioned him about the arms deals, which sent $100 million worth of ammunition, gunpowder, mortars and other weapons to the two countries, which were then under an international arms embargo.

Hurricane Cavallo is back. And he could be Argentina's last chance. In the month since he became economy minister for the second time, Domingo Cavallo has stormed onto center stage in a whirl of trademark eloquence and vitriol. Cavallo charmed and browbeat Congress into giving him emergency powers to tackle a fearsome economic crisis.

Argentina's economy minister, Domingo Cavallo, will try this week to convince U.S., European and Asian investors that the panic about Argentine debt will be quelled by a major new bond swap. "The high interest rates and mistrust of bondholders are like a high fever. We have to bring it down. I have tried and will try this week to bring down this financial fever," he told Argentine newspaper Clarin over the weekend.

Argentina's economy minister, Domingo Cavallo, will try this week to convince U.S., European and Asian investors that the panic about Argentine debt will be quelled by a major new bond swap. "The high interest rates and mistrust of bondholders are like a high fever. We have to bring it down. I have tried and will try this week to bring down this financial fever," he told Argentine newspaper Clarin over the weekend.

Before their uneasy alliance broke up, President Carlos Menem and his former economy minister, Domingo Cavallo, made history. Together they carried out the most ambitious economic transformation in Latin America. In five years, Argentina conquered hyper-inflation, privatized most state companies and opened its markets to the world. Argentina's newfound stability has made it a leading regional power.

Domingo Cavallo, Argentina's controversial former economy minister, was arrested Wednesday in a case involving illegal arms sales to Croatia and Ecuador in the 1990s. Cavallo's detention came at the end of an hourlong court session in which Judge Julio Speroni questioned him about the arms deals, which sent $100 million worth of ammunition, gunpowder, mortars and other weapons to the two countries, which were then under an international arms embargo.

Argentina Announces Sweeping Privatization Plan: The government, tightening its public finances to shore up what it calls its "economic miracle," said it will sell off all major concerns still in the hands of the state within 16 months. By the end of 1995, all airports, the national post office, the mint and the nation's biggest petrochemicals plant will be sold off to private ownership, Economy Minister Domingo Cavallo told the annual meeting of the country's top bankers.

The government of President Carlos Saul Menem said its success in midterm elections constitutes a mandate to accelerate privatization, deregulation and belt-tightening in Argentina's economy. Economy Minister Domingo Cavallo gave top priority to the sale of the state electric and gas companies and approval of the 1992 fiscal budget before the year starts. Although required by the constitution, that hasn't happened in nearly a decade.

Hurricane Cavallo is back. And he could be Argentina's last chance. In the month since he became economy minister for the second time, Domingo Cavallo has stormed onto center stage in a whirl of trademark eloquence and vitriol. Cavallo charmed and browbeat Congress into giving him emergency powers to tackle a fearsome economic crisis.

Before their uneasy alliance broke up, President Carlos Menem and his former economy minister, Domingo Cavallo, made history. Together they carried out the most ambitious economic transformation in Latin America. In five years, Argentina conquered hyper-inflation, privatized most state companies and opened its markets to the world. Argentina's newfound stability has made it a leading regional power.

In a stack of Argentine newspaper clippings on Domingo Cavallo's first four years as economy minister, what stands out is his headline-grabbing propensity for controversy and conflict. Examples: In December, 1991, Cavallo blasted the rector of the University of Buenos Aires, declaring that the institution was "very badly managed" with "astonishing waste." The rector counterattacked in a public letter he titled "Liar Cavallo."

Former Argentine Economy Minister Domingo Cavallo was freed from a military jail in Buenos Aires after a panel of federal judges cleared him of involvement in a scheme to smuggle arms to Croatia and Ecuador. The 55-year-old Cavallo resigned in December as the economy collapsed and rioters took to the streets. Cavallo and his supporters have denounced the charges as politically motivated.