Argentina begins round of negotiations on prices; unions demanding bonus to counter inflation

Thursday, December 24th 2015 - 10:34 UTC

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The Argentine government of president Mauricio Macri started a round of negotiations with big price setters as part of its bid to keep prices under control despite the recent devaluation of the peso. Domestic Trade Secretary Miguel Braun and Central Bank Governor Federico Sturzenegger met with the top representatives of the Argentine Chamber of Commerce (CAC) and representatives from medium-sized companies, who asked for cheap credit in exchange for the government’s goal of keeping prices in check. Read full article

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yankeeboy
Sometimes I really wonder if Rgs understand how a free market economy should work? 100s of years of history and examples of good governance is out there for all to see. Why oh why can't they take the lessons and fix this country for once and for all?
Dec 24th, 2015 - 02:13 pm - Link - Report abuse 0
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Roger Lorton
Bonuses and wage rises increase inflation. No wonder Argentina is in such a mess.
Dec 25th, 2015 - 02:56 am - Link - Report abuse 0
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