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Ny stock exchange richard grasso met farc

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   http://www.time.com/time/magazine/intl/article/0,9171,1107990712-28386-2,00.html

http://www.time.com/time/magazine/intl/article/0,9171,1107990712-28386-2,00.html

Notebook/World Watch
World Watch

Monday, Jul. 12, 1999

Bogota

Amid Colombia's worst economic crisis in 70 years, Central Bank officials raised the trading band for the peso, effectively devaluing the currency by 9%, while the government announced a plan to slash public spending and trim the bureaucracy. Officials in Bogota also acknowledged that they had begun to include estimated income from the growing of raw materials of the narcotics trade in its calculations of the country's gross domestic product. That could amount to a 1% increase in the roughly $80 billion annual GDP. Meanwhile, in the village of La Machaca, the chairman of the New York Stock Exchange, Richard Grasso, met with a leader of the Revolutionary Armed Forces of Colombia (FARC), Raul Reyes, on the economic benefits of ending more than three decades of insurgency.



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War tax

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