Argentine industry says ‘inflation’ is main issue to address by next government

Saturday, August 20th 2011 - 06:45 UTC

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Argentina’s powerful Industrial Union (UIA) warned that if President Cristina Fernandez de Kirchner is re-elected next October one of the top issues of her agenda will be taking action in order to control “a concerning inflation”. Read full article

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Pedro
If Cristina curbs inflation she must curb Government spending that is the driving force of the economy. She is trapped. She can't control inflation, she can only continue lying about it until the inevitable happens. Reality in the form of hyper inflation will result
Aug 20th, 2011 - 06:10 pm - Link - Report abuse 0
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lsolde
Then l can buy a cheap farm & hire sr Think as my gamekeeper.
Well, he has the dogs & horses already.
Aug 21st, 2011 - 10:34 am - Link - Report abuse 0
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yankeeboy
Front page news this weekend is the rumor of a peso devaluation. The Ks have been steadily devaluing the peso for years, it is getting faster now, and soon they may have to make it 6/1 just to keep the economic engine going.
All hard currency is fleeing the country as soon as it comes in so there is not too much more they can do. It's not like they can steal more pensions or nationalize any other productive companies. Those have already been looted. What to do..What to do....
Aug 21st, 2011 - 12:44 pm - Link - Report abuse 0
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GeoffWard2
What to do . . . .
when relity starts to bite Argentina will do what it has done in the past - externalise. The attention of the people will be turned to a foreign bete noir. Perhaps TFI, perhaps the USA, perhaps the UK; and perhaps Chile, Paraguay, Uruguay.
I've a feeling though that the attempt will be made to bring as many SA countries on side the ostracise and then defeat a small nation. It would have to be close, 'right wing' and with a limited ability to defend itself. There are not many to chose from.
Unasur has the potential to be this agent of change. Pity, though, that it can't be used more constructively.
Aug 22nd, 2011 - 10:57 am - Link - Report abuse 0
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