According to American newspapers, many Argentines go to Europe because of economic uncertainty



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April 23, 2019
– 13:04

The Washington Post and the New York Times have devoted their pages to the country's economic and social situation

The Washington Post and The New York Times, the two most widely read newspapers in the United States, have devoted their pages to badyze the critical social and economic situation that our country is going through and they badured that, faced with the uncertainty that weighs on many Argentines, in particular the young people, they decide to leave in Europe.

Newspapers have compared today's Argentina with the hyperinflation from 1989 to 1990 and the social outburst at the end of 2001.

In a detailed report, the US media has reprinted an article by the world-renowned AP agency that: "Argentines lose their purchasing power thanks to an annual inflation of almost 50%, one of the worst in the world".

In addition, he points out that the decision to emigrate many young people falls under the President's policy Mauricio Macri dreduce subsidies, which has resulted in "increased costs of utilities and transport".

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They also stressed that "as part of the austerity measures aimed at balancing the budget, The Macri administration has laid off thousands of workers government and reduced funding for dance, science and other programs. "

The two newspapers also highlighted the devaluation suffered by the peso last year, when the government had to resort to the IMF to ask for a bailout. "Last year, the Argentine peso lost more than half of its value against the US dollar after a capital flight The government had to ask a record ransom of $ 56 billion to the International Monetary Fund to try to get out of the recession, "says the report.

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