3 de diciembre 2007 - 00:00

Social pact dilutes

Cristina Kirchner
Cristina Kirchner
Unions have won. The head of the General Labour Confederation (CGT), Hugo Moyano, had already told it in advance: no caps should be placed on salary complaints. And there won't be any. This situation has defused Argentine president-elect Cristina de Kirchner's social pact. It will only include agreements to improve investments and production. In that way, neither price nor salary freezing will be observed. Unions believe wages should continue above inflation, eating up companies' profits. So, Argentine government moves away from the social pact, though not completely: its effects survive with greater inflation in the future.

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