CFK pushes for universal income for Argentines

Monday, July 18th 2022 - 08:09 UTC

Full article 6 comments

Argentine Vice President Cristina Fernández de Kirchner (CFK) has been reportedly pressing Economy Minister Silvina Batakis to move forward with a proposal to create the so-called Basic Universal Wage (BUW), as a way out of the current scheme of handouts in the form of endless unemployment subsidies. Read full article

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imoyaro
Is she paying for it? She certainly has obtained enough cash to fund it...
Jul 18th, 2022 - 08:18 am - Link - Report abuse 0
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Brasileiro
Trading in local currency would be very good for our economies. I will say more: it is past time for Mercosul and for all of South America to have a single currency.
Jul 18th, 2022 - 02:23 pm - Link - Report abuse 0
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Pugol-H
All of S. America already has a common currency, it’s called the US Dollar.
Jul 18th, 2022 - 03:04 pm - Link - Report abuse +1
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Brasileiro
10 years ago I would have agreed with you.
Jul 18th, 2022 - 03:31 pm - Link - Report abuse 0
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Argentine citizen
Pugol-H
Maybe you didn't realize it, but we are witnessing the bipolar world to go towards a multipolar world.
The dollar is no longer the hard currency it was in 1970/80/90. It's becoming a weak currency with 10% inflation
Jul 18th, 2022 - 07:51 pm - Link - Report abuse 0
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FortHay
You (Brasileiro & Pugol) may be right, but in the short term the US$ trades at 5.41 against the real and at 129.4 against the Argentine peso. I, for one, am motivated to bring more dollars into Brazil for cost-effective spending on projects and expenditures.
Jul 20th, 2022 - 02:30 pm - Link - Report abuse 0
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