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Inflation Chaos Strikes Argentina Print E-mail
by Tom McGregor    Thu, Apr 10, 2014, 10:43 PM

Out of control inflation is raging in Argentina and the Buenos Aires government is doing nothing to curtail it. Accordingly, Argentinians nationwide have launched major strikes.

According to the Houston Chronicle, "A nationwide strike paralyzed Argentina's economy on Thursday, shutting down air, train and bus traffic, closing businesses and ports and emptying classrooms. The strike also stopped all non-emergency hospital attention, left garbage in emptied streets and complicated many other aspects of life in the South American nation."

Argentina is dealing with 30 percent inflation rates, while 62 percent of Argentinians believe that Argentina President Christina Fernandez is losing control of the country.

As reported by the Houston Chronicle, "Labor leaders want higher pay, lower taxes and millions of dollars they say are owed to union-run health care providers. The government disputes this debt to the funds, which the unions lost total control of after being accused of misusing the money."

Nonetheless, President Fernandez claims that restaurants in Buenos Aires remain popular.

To read the entire article from the Houston Chronicle, link here:

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