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December 22, 2014
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UIA's Funes de Rioja says business leaders 'not angry, worried'

UIA''s Funes de Rioja ratified business leaders'' position against the government-sponsored supply bill.

Deputy President of the Argentine Industrial Union (UIA) Daniel Funes de Rioja said private-sector business leaders were not “angry” but “worried” about the anti-hoarding bill the government hopes will enjoy smooth passage in the Senate today.

“The word is not angry but worried about the retraction and the contraction of certain sectors of the economy, worried about some initiatives such as the supply bill, because the state-business leaders’ logic relation used to be to acknowledge the role (played by) the state in the economy,” Funes de Rioja told reporters this morning as the Upper House readies to address the bill amid fierce resistance by the private-sector here, including the G6 group that brings together the heads of the largest manufacturing, construction, agricultural, banking and financial areas.

In statements to a radio show, the UIA leader ratified the organization’s position that the bill is “unconstitutional” because it “violates the article 76 of the Constitution.”

Still, Funes de Rioja said he was an “optimistic,” “hoping the issue to be settled.” “Let’s hope that we don’t need to reach judicial instances,” he warned. On Tuesday, the G6 issued a statement threatening it would pursue legal actions if the project was passed in Congress with Cabinet Chief Jorge Capitatich today accussing business leaders of an “intimidating” position.

“No one ignores the role of the state. We acknowledge absolutely that there must be good instruments for consumers’ defence and for competence but the state must not intervene in the private economy setting prices, volumes and confiscation (rates),” he insisted.

“No one can deny the economic recovery there has been after the tremendous crisis of 2001. There was investment, employment, there was expansion of trade exports, particularly in the food and drinks industry,” Funes de Rioja added considering the current scenario is different due to “a conjunction of international and national aspects” that currently have negative impacts on productive activities.

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Tags:  UIA  Argentine Industrial Union  Daniel Funes de Rioja  angry  worried  anti-hoarding  





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