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Weekly Report - 31 May 2018 (WR-18-21)

ARGENTINA: Setback for Macri over utility tariffs

As this issue went to press, the Argentine senate voted by 37-30, with no abstentions, in favour of an opposition-backed bill which would roll back electricity, gas, and water utility rates to November 2017 levels. The bill had already been approved in the federal lower chamber of congress. It is seen as a direct challenge to the government’s economic policies; President Mauricio Macri was expected to issue a veto, leaving congress to decide whether to accept it, or to insist on legislating.

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