The CGT received the IMF and expressed "concern" about the adjustment



22 August 2018 – 00:00
The workers' center said the cutbacks promoted by the government have a very high social cost and warned that "if the adjustment is extended, there are very serious conflict possibilities in Argentina".

The leadership of the CGT met yesterday with members of the IMF mission who visit Argentina and after the meeting have ratified the "care for the adjustment" that will provoke the financing agreement for US $ 50 billion.

"Of course we are still worried," said Juan Carlos Schmid, triumvirate member, when he left the meeting with the head of the fund's mission, Italian Roberto Cardarelli.

The meeting, held at the headquarters of Uocra, lasted more than an hour and the CGT included two members of the triumvirate, Schmid and Carlos Acuña, and members of the "small table" as host Gerardo Martínez, Andrés Rodríguez (Upcn), José Luis Lingeri (Obras Sanitarias) and Omar Maturano (La Fraternidad), while Cardarelli was accompanied by two other members of the delegation.

"We confirm what we said before the meeting, that we do not agree with the social costs of the agreement, they (for the representatives of the IMF) have a technocratic attitude and in the meeting they gave details about the design of the agreement with the government, "said Schmid.

In this respect, the head of Dredging and Beacon noted that "if the adjustment is extended, there are opportunities for very serious conflicts in Argentina."

Cardarelli said for his part that the IMF "heard the vision" that the CGT had "about the economic situation" and then informed the trade union members of "the details of the program concluded with the government and the importance of stabilizing the macro economy".

When asked if he recognizes that the government is meeting the goals of the IMF agreement, the Italian said: "We are convinced that everything will be continued in the best way."

The reports that the Fund is worried about inflation in the country, Cardarelli said: "Of course, inflation must fall and we think it will fall".

Meanwhile, the state-owned company Rodriguez expressed the same concern as Schmid hours before the meeting.

"The economic and social situation in the country is deteriorating, we see no improvement," said Head of Upcn, who told Radio Millenium that they see in the CGT that "the adjustment has not yet started in its size" and that "There will be a strong recession in the economy. "

On June 28, the leaders of CGT and Cardarelli met a personal meeting for a teleconference in September, but the summit was expected by using the disembarkation in Buenos Aires of this mission.

A few days later, Schmid had warned that it would be "practically unfeasible to adjust these characteristics in a country that is already paralyzed and in a recession," referring to the cuts the IMF is demanding from Argentina to balance its bills. bring and guarantee the financing agreed.

They warn that inflation would reach 35 percent
Inflation expected by Argentines for the next twelve months is 35.3% in August, according to a survey published yesterday by Universidad Torcuato Di Tella.
According to the average of the answers, the inflation forecast rises 3.1 percentage points from the July 2018 survey, the survey of the Research Center for Finance said of that house of studies.
Meanwhile, the inflation rate that the population expects for the next twelve months remains at 30% according to the median of the answers, the survey showed.
The expectation of inflation remains constant, both in the Federal Capital and in Greater Buenos Aires and in the interior, with respect to July, according to the median.
But according to the average, the inflation rate increases in all regions.
The survey also showed that the expectation of inflation – for the median of the reactions – remains constant for both the high income and the low income population; according to the average, the expectation in both sectors is increasing.
The survey covers about 1,200 cases across the country, carried out by the consultancy company Poliarquía, who are asked: do you compare the prices with prices one year ahead, on what percentage do you expect prices to rise on average? in the next twelve months?
Indec revealed last week that inflation rose 3.1% in July and lifted a rise of 19.6% so far in 2018.
The item that rose the most in July was transport, with 5.2%, followed by recreation and culture by 5.1% and household equipment and maintenance, by 4.2%.


Source link

The CGT received the IMF and expressed "concern" about the adjustment



22 August 2018 – 00:00
The workers' center said the cutbacks promoted by the government have a very high social cost and warned that "if the adjustment is extended, there are very serious conflict possibilities in Argentina".

The leadership of the CGT met yesterday with members of the IMF mission who visit Argentina and after the meeting have ratified the "care for the adjustment" that will provoke the financing agreement for US $ 50 billion.

"Of course we are still worried," said Juan Carlos Schmid, triumvirate member, when he left the meeting with the head of the fund's mission, Italian Roberto Cardarelli.

The meeting, held at the headquarters of Uocra, lasted more than an hour and the CGT included two members of the triumvirate, Schmid and Carlos Acuña, and members of the "small table" as host Gerardo Martínez, Andrés Rodríguez (Upcn), José Luis Lingeri (Obras Sanitarias) and Omar Maturano (La Fraternidad), while Cardarelli was accompanied by two other members of the delegation.

"We confirm what we said before the meeting, that we do not agree with the social costs of the agreement, they (for the representatives of the IMF) have a technocratic attitude and in the meeting they gave details about the design of the agreement with the government, "said Schmid.

In this respect, the head of Dredging and Beacon noted that "if the adjustment is extended, there are opportunities for very serious conflicts in Argentina."

Cardarelli said for his part that the IMF "heard the vision" that the CGT had "about the economic situation" and then informed the trade union members of "the details of the program concluded with the government and the importance of stabilizing the macro economy".

When asked if he recognizes that the government is meeting the goals of the IMF agreement, the Italian said: "We are convinced that everything will be continued in the best way."

The reports that the Fund is worried about inflation in the country, Cardarelli said: "Of course, inflation must fall and we think it will fall".

Meanwhile, the state-owned company Rodriguez expressed the same concern as Schmid hours before the meeting.

"The economic and social situation in the country is deteriorating, we see no improvement," said Head of Upcn, who told Radio Millenium that they see in the CGT that "the adjustment has not yet started in its size" and that "There will be a strong recession in the economy. "

On June 28, the leaders of CGT and Cardarelli met a personal meeting for a teleconference in September, but the summit was expected by using the disembarkation in Buenos Aires of this mission.

A few days later, Schmid had warned that it would be "practically unfeasible to adjust these characteristics in a country that is already paralyzed and in a recession," referring to the cuts the IMF is demanding from Argentina to balance its bills. bring and guarantee the financing agreed.

They warn that inflation would reach 35 percent
Inflation expected by Argentines for the next twelve months is 35.3% in August, according to a survey published yesterday by Universidad Torcuato Di Tella.
According to the average of the answers, the inflation forecast rises 3.1 percentage points from the July 2018 survey, the survey of the Research Center for Finance said of that house of studies.
Meanwhile, the inflation rate that the population expects for the next twelve months remains at 30% according to the median of the answers, the survey showed.
The expectation of inflation remains constant, both in the Federal Capital and in Greater Buenos Aires and in the interior, with respect to July, according to the median.
But according to the average, the inflation rate increases in all regions.
The survey also showed that the expectation of inflation – for the median of the reactions – remains constant for both the high income and the low income population; according to the average, the expectation in both sectors is increasing.
The survey covers about 1,200 cases across the country, carried out by the consultancy company Poliarquía, who are asked: do you compare the prices with prices one year ahead, on what percentage do you expect prices to rise on average? in the next twelve months?
Indec revealed last week that inflation rose 3.1% in July and lifted a rise of 19.6% so far in 2018.
The item that rose the most in July was transport, with 5.2%, followed by recreation and culture by 5.1% and household equipment and maintenance, by 4.2%.


Source link

Leave a Reply