Antonio Caló: “The Argentine economy is stagnant”

Argentina, February 14, 2013

Antonio Calo, head of the CGT and UOM leader, again criticized the Government after President Cristina Kirchner said that in 2012, the economy grew by 1.9% compared to 2011. So, Calo said “the economy remains stagnant.”

“Price controls do not work if they are not sustained over time. The tax that hurts workers more is inflation. If my guild takes a 25 percent increase and the next day prices rise, the joint does not serve for nothing. Freezing prices, for 60 days, it’s not good,” said the union leader to Radio Mitre.

In this sense, he claims that the government should “convene all stakeholders to extend the freeze period” and in turn asked to “chase the price makers to avoid further increases of inflation.”

In turn, he said that in his union “are concerned, because we give health to one million people, we have to buy equipment (medical technology) and the revenue remains stagnated. When the economy stagnates in a guild, it’s because the economy of the country is stagnant.”

And finally, he concluded “the basic products increase every day. We have to sit as entrepreneurs and workers to deal once and for all, to take a state policy to find a solution to inflation”.