Argentina's Macri Asks Congress to Support Holdout Deal
- Macri agreed terms with holdouts from 2001 default on Sunday
- President's supporters hold a minority in both chambers
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Argentina’s President Mauricio Macri called for cross-party support Tuesday to end a dispute with disgruntled creditors that has been a drag on the economy for almost 15 years.
In a speech at the opening of Congress, Macri criticized the state of the economy he inherited from predecessor Cristina Fernandez de Kirchner and outlined plans for legislation including the removal of value added tax from basic goods and higher income tax brackets. He accused the Kirchner administration of lying about inflation and job creation, prompting heckles from the opposition who held up signs reprimanding his dismissal of state workers and plans to increase the country’s debt ratio.