Ratazzi: Inflation in Argentina “is already a big problem that cannot solved with an aspirin”

February 7, 2013
________________________________________________________

Fiat Argentina president Cristiano Ratazzi warned this morning that the claim of a 30 percent increase in wages that unions raise both government supporters and opponents, “it is impossible” to be validated by business and noted that inflation in Argentina “is already a big problem not solved with an aspirin.”

“It is impossible to speak of 30 percent,” said the businessman in the automotive sector, while acknowledging, “a treaty or an agreement is necessary to resolve the economic problems arising in the wage claims of that magnitude”.

“You cannot solve the problem of inflation with an aspirin, is a big problem and now people accept inflation,” he stressed.

Ratazzi added, “We have the great inflations of the world, because no one is elsewhere about 10 percent per year. We have a big inflation problem that was getting worse and not much is being done about this.”

In addition, he also recalled that when the government applied measures on the exchange rate, with the restrictions and limitations imposed on the purchase and sale there will be problems.