October 21, 2014
Capitanich: 'Mandatory military service doesn't solve social conflict'
In his daily briefing at Government House, Cabinet Chief Jorge Capitanich addressed the ongoing debate over mandatory military service. He said it “does not solve social conflict.”
“Defence Minister Agustín Rossi has been very clear about it yesterday. Youth should not be stigmatized. Mandatory military service does not solve social conflicts," he said, stating the government's official stance on the matter.
During the briefing at Casa Rosada Presidential Palance, Capitanich also mentioned the situation of the automobile industry and criticised financial institutions that charge abusive interest rates up to 100%.
Asked about excessive interest rates in personal lines of credit offered in the financial market, he said: “Financial institutions charge their clients with abusive interest rates. If there is no self regulation in the sector, there should be a debate to stop abusive levy.”
Cabinet Chief also mentioned the agreement signed yesterday by Economy Minister Axel Kicillof and Industry Minister Débora Giorgi with their Brazilian counterparts on an auto-trade deal.
“According to a report by Minister Kicillof, important progress has been made on bilateral trade and to correct external imbalances,” Cabinet Chief said and expressed optimism for the local industry’s future.
Asked about excessive interest rates in personal lines of credit offered in the financial market, Capitanich said: “Financial institutions charge their clients with abusive interest rates. If there is no self regulation in the sector, there should be a debate to stop abusive levy.”
Cabinet Chief also used the briefing to salute workers, on the wake of Labour Day. After a brief review of labor laws passed under Cristina Fernández de Kirchner administration, he said: “We celebrate workers’ holiday with more work and more labor rights".