China’s $1.7 trillion hangover

China’s $1.7 trillion hangover

Up to 40% of China’s $1.7 trillion LGFV loans are at high risk of default. What’s a panicking Beijing to do?

EuromoneyFXNews.com

EuromoneyFXNews.com

Sign up to receive free alerts from our foreign exchange news service

March 2000

On debt, flows and Eric Clapton


Chilean Finance Minister


       
Nicolas Eyzaguirre
If supporters of Chilean president-elect Ricardo Lagos are banking on some sort of cultural revolution during his six-year term, they can probably look first to the unlikely figure of Nicolas Eyzaguirre, the new finance minister.
Because behind the perfect curriculum vitae, which includes degrees from the University of Chile and Harvard, and then stints with the Chilean central bank and the IMF, is a former student radical who idolizes Eric Clapton and loves nothing better than to pick out a melody on one of his four guitars. "I grew up listening to the Beatles, the Rolling Stones, Bob Dylan...people like that. But my big influence is still Eric Clapton."

Between proselytizing on the merits of fiscal prudence and a strong currency, Eyzaguirre, now 46, recalls with a smile the combative days of the dictatorship, when impromptu street performances by his folk rock band were cut short by members of...


You must be a trialist or subscriber to view this content

Please Subscribe or take a Free Trial below.
Already a subscriber? Log in here.





Download the Free Euromoney iPad app today