Government

A wave of layoffs is coming? It is the fear that exists and there are valid arguments about it. The companies knew they could not dismiss employees before the elections because they would receive a strong official pressure, not in the interest of preserving the labour sources but because of the political impact that this would have. Two weeks ago, Ismael Bermudez presented in Clarin, the evidence of the deterioration in the labour market observed recently: this deterioration began to be reflected in the official data: in March of this year companies contributed to Social security by 5.520.891 employees in dependent relationship, 2.2% less than in the same month of 2008 (6.8% less than the maximum reached in May 2008). If no massive lay-offs occurred is by the intervention of the Government subsidies to companies and by the agreement of rotating suspensions. The post-election scenario comes with a charged emergency agenda.

The new Congress, which will assume in December, will come with everything as they say. INDEC, partnership and labor laws, are already on the agenda of the new Congress. Since the trade union sector, Hugo Moyano, ally (and enemy at the same time) the Government anticipated having a loaded agenda to deal in Congress. Although it is his duty to defend the rights of workers, Moyano intends to submit projects with a high impact on the labor cost which, in a decidedly inconvenient time, determine greater difficulties for the unemployed to get jobs and layoffs anticipated in various sectors affected by the crisis. Francisco Olivera for La Nacion, revealed the relief felt after the defeat K entrepreneurs, doing so strong entrepreneurship as these opinions transcend: O change or will be, I have no doubt, and I think that they do not change or it is the best thing that could have happened – explayaban last night at the UIA-.

The first thing you need to do is pacify the country and generate trust. The Argentina has a historic opportunity. The market also gave their verdict and showed his conformism by the brake citizenship gave the project K, reflecting through a moderate rise of 1 per cent on the Merval, hikes of up to 14% in bonds, a fall of about 134 points in the country risk and the low in a dime for the quotation of the dollar selling retailer closed at $3.80 the tip. The reading of the market is that he expects that the electoral golpazo, can be done to change the course of the economic policy of Argentina. Is it the correct interpretation? A new arena opens in the Argentina. The need for a change in the direction of economic policy is not new. The Government has the fair excuse to change his speech and begin once and for all to tackle the economic problems that really affect the country and concern to the Argentines. Do what the Government, the Argentine economic model post convertibility, do as we met so far, hardly can be maintained for a long time. Original author and source of the article.