Uruguay’s main problem is high inflation but no policy changes planned, says Astori

Wednesday, May 22nd 2013 - 05:53 UTC

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Uruguay's main economic problem is high inflation, and policymakers will continue to use interest rates and bank reserve requirements to bring it under control, Vice President Danilo Astori said on Tuesday. Consumer prices in Uruguay rose 8.14% in the 12 months through April, far outside the country's official annual target range of 4 to 6%. Read full article

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Pirate Love
No! Uruguays main problem is that it has an Ar*ehole for a neighbour.
May 22nd, 2013 - 07:25 am - Link - Report abuse 0
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British_Kirchnerist
Great vision thing from the rightist Astori - main problem is inflation but no changes planned to deal with it! Imagine if Cristina said something like that, what would be the response here!
May 22nd, 2013 - 10:13 am - Link - Report abuse 0
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Pirate Love
@2 there would be no response here as the Nazi queen would not admit such a failing in the first place.
May 22nd, 2013 - 10:17 am - Link - Report abuse 0
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ChrisR
@1 Pirate Love

What you say has merit but hides the real problem which is this government has no idea what is causing inflation.

They cannot see that the dead hand of the government employees growing massively in numbers which they have since Pepe became President is really a two edged sword. Not only does it increase fiscal drag immensely it precludes a large portion of the people from productive employment in the private sector.

ALL governments get their money from taxpayers who earn it in the real world. NO government employee makes money and the ‘taxes’ they pay are just paid out of the same pot. They need to be halved in numbers and retrained for proper jobs in industry and commerce; then we will see inflation fall and Uruguay grow exponentially.

BUT, and there is always the buts, the unions will no broach it and the government will lose its core voters, just like new labour before the cnut Brown took over as PM.

Astori should recall the words of Albert Einstein “Insanity is doing the same thing, over and over again, but expecting different results”. That might be a clue as to why they have failed to control inflation.
May 22nd, 2013 - 04:51 pm - Link - Report abuse 0
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