ARGENTINA
      Inflation is low, but investors are fleeing. To keep interest rates high and 
      preserve the peso's hard link to the dollar, President Menem may trigger a 
      recession.
         CANADA
      To keep worries about massive deficits from triggering a currency rout, the 
      Bank of Canada will have to keep rates high.
         ITALY
      The lira is sliding amid concerns over a $1.2 trillion national debt and 
      political chaos. Some think a debt default is possible.
         FRANCE
      High unemployment and rising budget deficits are weakening the franc's ties to 
      the German mark.
         MEXICO
      The peso continues to skid as investors turn thumbs-down to government's rescue 
      plan. Even $18 billion in international aid may not help.
         SPAIN
      Central bank is raising rates as political concerns push the peseta to a record 
      low against the German mark. More depreciation is likely.
      DATA: BUSINESS WEEK
      
Before it's here, it's on the Bloomberg Terminal. LEARN MORE