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Brazil & Southern Cone - February 2014 (ISSN 1741-4431)
URUGUAY: Casting disturbed glances across the River Plate
Uruguay’s new economy and finance minister, Mario Bergara, has come under immediate pressure after the latest (January) inflation figure brought the 12-month rate up to 9.10%, perilously close once again to politically unpalatable double digits. Bergara said that part of the trouble in devising a policy to try and reduce inflation was that Uruguay was hostage to international developments, in particular the unfolding situation in Argentina, where there is huge uncertainty over economic policy direction.
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