Argentina Lifts Wages, Welfare in Defiance of IMF Austerity Push
Argentina Lifts Wages, Welfare in Defiance of IMF Austerity Push
news.yahoo.com Argentina Lifts Wages, Welfare in Defiance of IMF Austerity Push
(Bloomberg) -- Argentina’s Economy Ministry announced measures to improve government workers’ salaries and funnel money toward retirees and poorer families, defying an International Monetary Fund appeal earlier this month for the country to spend less.Most Read from BloombergAuto Union Boss Wants 46...
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That was after the Argentine Peso lost 20% of it's value in a single day to appease the IMF (according to the official exchange rate). Unless wages increase by more than 20%, then they're not really increasing, just keeping up with inflation.
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