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Argentina Biggest Labor Group Calls Strike, Raising Pressure on Macri

Argentina’s leading labor federation announced plans on Tuesday to stage a one-day general strike on June 25 to protest against government economic policies, raising pressure on President Mauricio Macri as he moves to speed up spending cuts to balance the budget.

In a statement, the CGT umbrella group of labor organizations slammed the $50 billion funding deal the South American country signed with the International Monetary Fund (IMF) last week, arguing it would “dramatically aggravate an already unsupportable social situation.”

Macri’s announcement last month that Argentina was turning to the IMF, following a run on the peso currency, raised political risk for …read more