Argentine govt mulls private pension fund takeover

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ARGENTINA - Argentine president Cristina Fernandez de Kirchner, grappling with a financial crisis that has frozen access to credit, will propose an overhaul of the pension system that may give the government control of $29bn in privately run retirement accounts.

Fernandez will unveil her plans at 3pm New York time today, the country's social security administration said in an e-mailed statement. Argentina's benchmark Merval stock index fell to its lowest i...

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