MercoPress. South Atlantic News Agency
“Activity level has dropped” says Argentine industrial union chief
The head of the Argentine Industrial Union, José Ignacio de Mendiguren, admitted that “it's clear that the activity level has dropped,” and warned that “the construction-related sectors delay the new projects.” Read full article
Comments
Disclaimer & comment rulesSo what he's trying hard not to say is that CFKs bizarre policies are hurting industry in Argentina.
Jul 10th, 2012 - 07:46 am - Link - Report abuse 0No industry, means nothing to export (Tobias will be happy as he wants Argentina to isolate itself from the world), which means no imports, which means no money, which means industry failing and workers being made unemployed.
Good economic model, CFK, how to destroy a country in less than 10 years.
He backs import controls but then he says “the level of activity is linked to import of supplies and inputs” it's very difficult to protect local industry by blocking imports if you don't make everything (parts)
Jul 10th, 2012 - 01:14 pm - Link - Report abuse 0Don't worry, soy prices will continue to skyrocket, the Chinese will invest billions in Argentine bonds and fund YPF operations, Brazil will back down and accept CFK's policies and finally... The UK will hand over disputed South Atlantic territories to their rightful owners...
Jul 10th, 2012 - 02:26 pm - Link - Report abuse 0Perhaps, the grand wizard of oz will give the wicked president CFK a dousing of water with a bucket... Oh, what will all the flying monkeys do then?
This guy is obviously as confused as TMBOA if he thinks import controls and restrictions are not damaging industry.
Jul 10th, 2012 - 05:32 pm - Link - Report abuse 0Why is this potentially lovely country populated in large part by a complete load of idiots. These people think that to say it means it is true in historical fact.
Don't bother with the ACTUAL facts.
They remind me of a Managing Director I once worked for. Despite intensive research of a technical problem impeding the companies progress by me and my teams he would spout what he 'thought' the laws of physics 'meant'.
Needless to say he was wrong and fortunately our holding group thought so too and he 'left'.
Of course he'll oppose Cristina's policies, just like the CBI are against any progressive industrial legislation here
Jul 10th, 2012 - 10:16 pm - Link - Report abuse 0Commenting for this story is now closed.
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