Newsmaker: Domingo Cavallo

Domingo Cavallo, 55, was a man on a high wire after being called back into government last March. Argentina's controversial Economy Minister had led efforts to keep Latin America's third-largest economy—mired in a three-year-old recession and burdened by $132 billion of foreign debt—from collapse. But his balancing act ended last week as Argentines rioted in the streets, forcing him out and toppling the government. His fall set off alarms in capital markets around the world.

[an error occurred while processing this directive]Argentina's troubles could not come at a worse time. The current U.S.-led global slowdown has hit Latin America hard. Mexican President...

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