Argentina’s Macri Buys Time With Union, Sidesteps General Strike



In an article published by Isabel Gottlieb for Bloomberg on August 4, Cefeidas Group Managing Director, Juan Cruz Díaz explains the Macri’s administration’s health-care reforms.

“Macri needed to placate the unions after the removal of subsidies sent gas and electricity prices soaring and pushed inflation to almost 50 percent. While the midterm elections are more than a year away, the political capital the government would gain from health-care reform is worth the fiscal costs, said Juan Cruz Diaz, managing director of the Buenos Aires-based advisory firm Cefeidas Group.

“…While I think it’s a much-need starting point to reform the system, the implementation will be a challenge,” Diaz said.”

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