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Argentine bishops say stable economy more important than paying debts


Argentinia's bishops have voiced support for a decision by the country's interim president to withhold debt payments in order to help stabilise the country's faltering economy.

"Paying a debt is a moral obligation, but never above the immediate needs of a people," said Archbishop Estanislao Karlic of Parana, president of the Argentine bishops' conference.

Argentine President Adolfo Rodriguez Saa announced that Argentina would temporarily withhold the payment of its $A258 billion public debt to concentrate money into generating jobs.


SOURCE
CNS


31-Dec-01