Argentina's President Fernando de la Rua has announced a restructuring of his country's debt which many analysts regard as a technical default. His plan is to reactivate Argentina's economy with production. De la Rua also stated that his country will not cease of paying debts.

News Stories:

"De la Rúa: "El Estado se pondrá al frente de la reactivación económica"
Clarin, (Argentina) November 2, 2001

"Argentina announces debt 'default' plan"
BBC, November 2, 2001

"De la Rúa dice que Argentina no va a caer en cesación de pagos"
CNN en Español, November 1, 2001