March 11, 2014
De Mendiguren calls for gov't to encourage growth & investment
The industrial leader and opposition MP has urged the government to take “integral measures” to battle inflation and encourage investments. For José Ignacio de Mendiguren, Argentina “runs the risk of adding fuel to the fire.”
In statements to a local radio station, the lawmaker who was elected for Congress under the ballot of Sergio Massa’s Renewal Front coalition discussed what he considered key issues of the country’s economic agenda.
“If the government does not retake the path of growth, then they are fanning the corps,” the ex head of the Argentine Industrial Union (UIA) warned. “We must fight for salaries’ power purchase because you can not produce or invest if there is less market demand,” De Mendiguren insisted and called to “heat” investments.
The MP's statements come as the Cristina Fernández de Kirchner administration readies to announce tomorrow a 200-product list as part of a new political effort to reduce Argentineans' cost of living, fueled by inflation rates private-sector analysts estimate at 25 percent.