Farmers' revolt hits tourist industry in Argentina

ZZ300B37B6

James Marrison

On March 11 Argentina's President Cristina Fernández de Kirchner announced a series of taxes on farm exports such as soya and wheat. Aimed at curbing inflation and improving Argentina's ever worsening fiscal balance, it was the second major agricultural tax hike in just four months. The announcement proved to be the final straw for thousands of Argentine farmers who, incensed by the new taxes, blocked every major highway in the country. The blockades have continued now for over three months during which time supermarket shelves have slowly emptied and prices for foodstuffs have rocketed.

Read the rest:
Guardian
|