February confirmed that inflation remains Uruguay's main challenge

Thursday, March 6th 2014 - 05:53 UTC

Full article 2 comments

Inflation in Uruguay during February reached 1.66% which is equivalent to 9.82% in the last twelve months, the third highest in South America behind Venezuela and Argentina. Read full article

Comments

Disclaimer & comment rules

ChrisR
“No money Pepe” and the rest of the bastard Tupamaros who are in “government” are a bunch of semi-literate and mostly innumerate rabble lacking the experience and intellect to run a country.

These little dodges with the monopolies, themselves already hugely expensive, was always destined to come back and kick him in the balls as they did.

Now he will be tempted to do much the same to “convince” his supporters he hasn’t been a total idiot when it comes to the economy. One of my builders presently working on my casa tells me that despite 600,000 “workers” employed by the government Pepe is still a good guy because he is poor and does not take bribes. Despite being self-employed this guy just cannot see how he is paying for the 600,000 and counting! Good builder, great craftsman, completely lacking in economic reality.

And that is why Uruguay, like Argentina and the rest of SA (except Chile and the PA) will always be fucked.
Mar 06th, 2014 - 10:45 am - Link - Report abuse 0
-+
ynsere
No, inflation is Uruguay's second most important challenge. The first, as ever, is dealing with Argentina. The next gov't will, I hope, do better on both counts.
Mar 07th, 2014 - 01:35 am - Link - Report abuse 0
-+

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!