Argentina president Macri vetoes anti-layoff law
Argentina president Macri vetoes anti-layoff law
May 21, 2016
BUENOS AIRES: Argentina’s President Mauricio Macri fought back against his opponents on Friday in his quest to reform Latin America’s third-biggest economy, vetoing their bid to curb his unpopular job cuts.
Lawmakers handed the conservative president his first legislative setback on Thursday by passing a law aiming to protect workers against a wave of layoffs.
“I am going to veto the law, which for me is an anti-jobs measure,” Macri told a news conference on Friday.
His critics say the cuts are worsening hardship for working families already hit by high inflation, cuts to utility subsidies and Macri’s devaluing of the Argentine peso.
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