Argenina's Correo defends itself

Argentina’s privatized national postal company, Correo Argentino S.A., has made a public appeal defending its service and blaming the government for many of its troubles. Correo Argentino’s full-page advertisement, entitled ‘Correo Argentino, The Truth,’ was widely published in local newspapers Thursday and comes the day the company’s two-year period of bankruptcy protection expires. The company fell into the Argentine equivalent of Chapter 11 in October 2001 and has amassed a debt of around 900 million pesos ($1=ARS2.865).