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Montevideo, November 19th 2018 - 08:03 UTC

Argentina: Macri grants a 20% salary increase to the Armed Forces

Friday, July 13th 2018 - 05:52 UTC
Full article 6 comments

In an effort to fix a persistent deterioration of relations, the President ordered a 20% rise in the salaries of the Armed Forces. It was a political decision against the fiscal austerity measures that the government promised the IMF to deserve a financial rescue of 50,000 million dollars, but necessary to calm what already threatened to become a serious storm. Read full article

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  • chronic

    A down payment on anticoup insurance?

    Jul 13th, 2018 - 04:34 pm - Link - Report abuse 0
  • DemonTree

    Where's Think got to? Surely he'd have something to say about this.

    Jul 14th, 2018 - 12:30 pm - Link - Report abuse -1
  • chronic

    Cowards and financial deadbeats:

    http://www.atimes.com/article/natos-problem-is-that-europeans-wont-fight/

    Poles: We salute your courage and dedication.

    Jul 14th, 2018 - 02:33 pm - Link - Report abuse -2
  • Enrique Massot

    What this action of the Macri government shows is utter incompetence and lack of any coherent action plan as Argentina economy crumbles.

    If workers ask for wage increases that make up for inflation, the government flatly denies raises, gives raises to some but not to others, or just sends the anti-riot forces. A different matter is when the guys who are asking for a raise drive tanks.

    In the meantime, the IMF has released its staff report on its agreement with Argentina. It contains much more conditions and offers a much more pessimistic view than the Macri government disclosed just a few weeks ago.

    The best possible scenario according to IMF staff will entail a recession in the next months with a 0.4 per cent growth by the end of this year. However, the IMF technicians estimated, if Argentina fails to get back the markets' confidence, the year will end with a 1.4 per cent contraction with an inflation scenario of between 27 and 32 per cent.

    The IMF wants Argentina to cut 15 per cent expenses in goods and services, and limit capital expenses in 2019 by 0.6 per cent of the GDP.

    The agreement shows rather IMF's willingness to support a key neocon government in South America rather than any sort of confidence in Argentina's future prospects.

    Jul 14th, 2018 - 08:10 pm - Link - Report abuse -1
  • Voice

    Chronic...
    You are repeating posts on different threads...it's known as SPAMMING!!!
    They are tiresome, boring and should be removed...
    You have reduced yourself to the level of Hep...
    Keep it up and folk will eventually stop responding to you...

    Jul 14th, 2018 - 10:58 pm - Link - Report abuse 0
  • chronic

    Cowards/deadbeats/30%.

    Jul 15th, 2018 - 05:00 pm - Link - Report abuse 0

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