Train workers strike in Argentina
well, THIS explains why traffic was so snarled here yesterday...
inflation has reared its ugly head in argentina, over 6% for the first half and projected to be over 12% for the full year... there's a boatload of folks who are still struggling with the aftereffects of the currency collapse in 2001 and inflation is exacerbating an already tough situation... the gov't has caved, and maybe rightly so, to pressures for salary increases from other groups so this isn't a surprise but it's a definite signal of the still-precarious argentine economic situation... Submit To Propeller
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Railworkers yesterday staged a nationwide train strike that snarled hundreds of thousands of commuters. The strike was lifted at 5pm following a "personal request" by President Néstor Kirchner, said the La Fraternidad train drivers’ union. But no wage agreement was reached.
inflation has reared its ugly head in argentina, over 6% for the first half and projected to be over 12% for the full year... there's a boatload of folks who are still struggling with the aftereffects of the currency collapse in 2001 and inflation is exacerbating an already tough situation... the gov't has caved, and maybe rightly so, to pressures for salary increases from other groups so this isn't a surprise but it's a definite signal of the still-precarious argentine economic situation... Submit To Propeller
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posted by profmarcus at
8/05/2005
