MercoPress. South Atlantic News Agency
“No big deal with inflation, I grew up in a country with 70%/80% inflation”
Two contrasting views have surfaced in the Uruguayan government regarding inflation which has been steadily climbing and seems so far immune to monetary tools, but is now the second highest in the region behind Argentina. Read full article
Comments
Disclaimer & comment rulesVenezuela isn't in this region it would seem because it is almost double Uruguay's.
Feb 08th, 2013 - 07:09 am - Link - Report abuse 0But it could be worse..... like next door.
As for having grown up in a country with 70-80% inflation, I would think he would realise how poor that country was then. Inflation is a wealth destroyer for poorer people..... so maybe he was a rich in a poor country - hardly a man of the people with a comment like this.
He's lost the confidence of the majority of Uruguayos as far as I can see and this nonsense will be the last straw for people on low wages, unless of course in true communist fashion he intends to take from the rich and give to the poor.
Feb 08th, 2013 - 10:02 am - Link - Report abuse 0I wonder if he is ill, a brain tumour perhaps?
Senile? There is a tendency to regress to one's childhood as senility take a hold.
Feb 08th, 2013 - 10:37 am - Link - Report abuse 0What is so ridiculous is that the young never really see the full picture of rampant inflation or carry the worry of trying to survive as parents shield them from it.
What a twit.
People who have never had any savings are unaffected by inflation if wages are also inflating. But, if you are retired having saved judiciously all your life inflation can destroy your retirement. The only way to avoid that is to invest your cash in assets like property that you can rent out, or, keep your cash in a stable foreign currency.
Feb 08th, 2013 - 10:52 am - Link - Report abuse 0Having your country run by someone who has lived a humble life might seem very admrable but it could seriously erode or destroy your savings and ruin a prudent life.
Who'd have guessed that a marxist guerilla would have a poor understanding of economics?
Feb 08th, 2013 - 12:31 pm - Link - Report abuse 0I can't remember who was arguing with me out Ol' Pepe, they got mad when I called him a weak drunk old commie.
Feb 08th, 2013 - 01:01 pm - Link - Report abuse 0Uruguay is doomed with this idiot running the country.
He does have some Gandhi like qualities - but he doesn't have the education or experience to be president.
Feb 08th, 2013 - 01:13 pm - Link - Report abuse 0Of course 70-80% inflation didnt bother Pepe. At that time he was a Tupamaro guerillla and when they needed money they just robbed a few more banks
Feb 08th, 2013 - 01:20 pm - Link - Report abuse 0Please support this page honouring all those who helped liberate the Falklands in 1982 and dedicated to keeping the islands liberated and free of Argentine colonialism.
Feb 08th, 2013 - 04:37 pm - Link - Report abuse 0https://www.facebook.com/HonourRestored
This is what this guy is....an IGNORANT.....
Feb 08th, 2013 - 06:52 pm - Link - Report abuse 0Is commonly known that the inflation is not only the poors tax, it´s a bloody hurt where the incomes flows out from people and Gvt. pockets and the economy demean.....
All clever Gvt. fight the inflation with all the measures they have to keep it under control even it could means a lower growth rate.....may be the day Mr. Mujica learn to read he can understand it.....instead be doing demagogic presentations as the poorest president of the neighborhood....I prefeer a very wealthy president into a wealthy country before a poor president into a poor country.....
But, this is a problem that the Uruguayans must save.....with their votes.
Yes I tink the old man at last realises hes out of his depth and one detects a discreet cri de couer to Vasquez to help him out
Feb 08th, 2013 - 08:59 pm - Link - Report abuse 0One of the problems is that while the Communists have limited representation in Parliament thier influence in the Frente Amplio party is very great as posts are dished out according to the way each sector votes at the party conventions as they ALL come out to vote whereas the other more moderate sectors do not
One begins to worry about this man . First he says inflation is terrible since it affects the poor mainly . Now he tells us not to worry ! This is the same one who said that practicality is above laws and constituitions ! Poor Uruguay .
Feb 08th, 2013 - 09:43 pm - Link - Report abuse 0Apparently he does whatever his wife Lucia Topolansky tells him to do and say
Feb 08th, 2013 - 09:51 pm - Link - Report abuse 0Jeeeez, with a president who has that attitude, I don't envy our Uruguayan friends. Inflation above 10 percent is a serious problem, which discourages people from saving and investing - at 20 percent you are heading towards a catastrophic national economy.
Feb 08th, 2013 - 10:00 pm - Link - Report abuse 0Is anyone gonna mention the deval in Venezuela? 'Big Macs' were going for $16 preDeval, while $4 in the U.S. Of A.
Feb 09th, 2013 - 06:00 am - Link - Report abuse 0Dear Mr. President, please stop drinking for a copule of days. Or, if you cannot stop it, just do not open your mouth, please.
Feb 10th, 2013 - 11:04 am - Link - Report abuse 0President Mujica was just having a bad day (pills?) He'll probably say the opposite in the very near future. We're used to it, he's been doing it for years.
Feb 13th, 2013 - 02:04 am - Link - Report abuse 0He certainly had a bad Valentines day as the supreme court ruled one of his pet taxes as unconstitutional. This is ICIR (Impuesto sobre Concentracion de Immuebles Rurales) and is a annual supertax on larger farms. He has already spent the monies he has got in from this tax and will now have to return it to those who paid it
Feb 15th, 2013 - 12:59 pm - Link - Report abuse 0This on top of gross govt overspending last year when incoming tax revenues were at a record level. Instead of cutting spending the govt is going to finance this with higher taxation rates and this before ICIR was declared inconstitutional
Pepe aint a happy camper at present
Redpoll @ 18
Feb 15th, 2013 - 01:06 pm - Link - Report abuse 0And it isn't as if he hadn't been warned!
Problem is we seem to have two different ministires of economy at loggerheads with each other on what to do
Feb 15th, 2013 - 03:17 pm - Link - Report abuse 0Have you got any confidence in either of them?
Feb 15th, 2013 - 06:29 pm - Link - Report abuse 0Not much
Feb 16th, 2013 - 12:13 am - Link - Report abuse 0Commenting for this story is now closed.
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