Uruguay and Peru in line for a possible upgrading, according to Moody's

Monday, March 31st 2014 - 19:42 UTC

Full article 5 comments

Uruguay and Peru are the first Latin American countries in line for a possible credit rating hike by Moody's Investors Service, at a moment when sovereign upgrades are expected to become more scarce in the region, a senior analyst with the ratings firm said. Read full article

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ChrisR
So how does all this money in the bank square with “No Money Pepe” telling the judiciary there was no money to pay their wage increases AND he fucked the teachers over with their AGREED wage claim.

Still 18 months of debt payment money will see this commie bastard out of the Presidency, hopefully for good.
Mar 31st, 2014 - 08:22 pm - Link - Report abuse 0
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Anglotino
Wage restraint is a good thing ChrisR. Or am I missing something?
Mar 31st, 2014 - 11:09 pm - Link - Report abuse 0
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ChrisR
@ 2 Anglotino
“Wage restraint is a good thing ChrisR. Or am I missing something?”

Living as you do in Australia with reasonable governments (ish) you may find it hard to get your head around the following, I know I did.

Two very good friends of mine are teachers of many years experience and are dedicated to the education of those students in the final two years of their senior education. In the UK they would be on a joint salary of about US$160,000.

I know what they get paid in Uruguay and it is low by any reasonable person’s view. They both have second jobs to make ends meet, they have NO rest time.

TWO years ago this damnable Tupa run government we have agreed the years pay scale but then deferred it for 12 months. It seems they have done the same thing again and have not paid it this year. As far as education is concerned their wage constraint is nothing more than government contempt for the “educated” classes whilst they have awarded themselves vast rises to “govern us”.

Pepe even came out and stated he had no sympathy with the teachers because they only work half-time. Nothing about all the other work they have to do in preparation, marking, etc. Pepe is of course semi-literate and fairly innumerate at best and together with all the original Tupas now in government positions did not finish his senior education.

Contrast that with the worker’s unions. They dictate to the government what will be the settlement and go on strike even before the government has agreed, which I am told by many business people I know is usually the case.

The economy for all of us is out of control. Inflation is really about 12% even for us retirees, someone paying rent and looking after their children it must be much higher. The social giveaway to the “poor” who have never worked at school and see no reason to work now Pepe is giving them money NOT to is damaging social cohesion big time. Wage restraint is a political tool.

That is Uruguay for you under Pepe.
Apr 01st, 2014 - 07:12 pm - Link - Report abuse 0
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Stevie
You can always move...
Apr 02nd, 2014 - 05:21 am - Link - Report abuse 0
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ynsere
Anglolatino @ 2

“Wage restraint is a good thing”. Agreed when it's across the board but it's especially unfair when it does not extend to political appointees or trade union officials.

On another note, how wise the Yanks are to levy income tax on moneys earned abroad by US citizens. Uruguay should do likewise..
Apr 02nd, 2014 - 05:37 am - Link - Report abuse 0
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