“Tackling inflation”, Uruguay’s top priority says IMF and suggests government cuts spending

Friday, December 14th 2012 - 20:35 UTC

Full article 3 comments

“Tackling inflation is Uruguay’s priority” said the International Monetary Fund board on Friday after inflation in October climbed to 9.1%. Monetary policy is not enough: the government must make efforts to cut back government spending and moderating wage growth insisted the IMF. Read full article

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ChrisR
I have been saying that the fiscal drag of this government will be ruinous to everyone for the last 9 months or more.

The overarching problem that Pepe, et al. have is how to do it without upsetting the unions.

Start by getting rid of the burdensome employers regulations for something that makes the workers financially directly responsible for their actions, like in the UK.

Retrain HALF the present government employees to do something useful in industry and move them out as new businesses need the manpower.

Stop trying to act like a large country, we are not. Get help from sympathetic countries such as the UK, but Pepe will first have to be educated that Her Majesty the Queen is NOT the head of government. His laughable statement that ‘he has had to disappoint the Queen’ shows him up to be a country hick. Playing the fool does not fool anybody who has half-a-brain.
Dec 14th, 2012 - 09:06 pm - Link - Report abuse 0
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Pirate Love
I have a cunning plan.....Uruguay Govt should takeover a group responsible for its countrys official inflation figures, sacking uncorruptable workers, and then “Implant” :) a handful of government stooges, that way the Uruguay government can tell them what they want the official infation figures to be.

but argentina may decide to sue you for copyright!!
Dec 14th, 2012 - 10:11 pm - Link - Report abuse 0
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ChrisR
I see an obvious flaw in the plan.

UYU ministers may be incompetent (just like AG but nowhere near as bad) but they are not crooks, thankfully.

;o)
Dec 15th, 2012 - 03:34 pm - Link - Report abuse 0
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