Argentine Congress Passes Jobs Law in Test for Macri Reforms

Bloomberg

Bloomberg

In an article published by Charlie Devereux for Bloomberg on May 19, Cefeidas Group Managing Director, Juan Cruz Díaz commented on the impact an opposition jobs bill had on the Macri administration and the likely motive for a veto.

“This is a wakeup call for the government which should have reacted sooner,” said Juan Cruz Diaz, managing director at the regulatory advisory firm Cefeidas Group. “It will have some costs with the unions and the labor sector, but the Macri will frame the veto as a rational economic decision and will use it to show that he has control of the direction of economic policy.”

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