Argentinas treasury minister resigns senior official says

Posted On Oct 7 2019 by

BUENOS AIRES, Argentina — A senior official in Argentina’s presidential office says the country’s treasury minister resigned Saturday.The resignation comes three days after President Nicolas Macri announced his conservative administration is temporarily increasing the minimum wage, reducing payroll taxes and implementing other steps to help Argentine workers as the country struggles to overcome sizzling inflation, high unemployment and other economic problems.That move came after a leftist presidential slate that includes Macri’s predecessor, Cristina Fernández, turned in a powerful showing last Sunday in primary voting for candidates going into October general elections. Macri’s slate did poorly, and the already weak Argentine peso slumped and stock prices fell sharply as investors reacted in worry about the vote results.Hernan Alvarez, The Associated Press read more