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Argentina announces economic relief plan but peso still flailing

Reuters Wednesday, 14 August 2019 ()
Argentine President Mauricio Macri on Wednesday unveiled a package of welfare subsidies and lower taxes for workers to lessen the impact of an economic crisis just months before a re-election bid, but his announcement did not immediately halt the peso currency's collapse.
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News video: Argentina reveals new economic relief plan

Argentina reveals new economic relief plan 01:55

Argentine President Mauricio Macri on Wednesday unveiled a package of welfare subsidies and lower taxes for workers to lessen the impact of an economic crisis just months before a re-election bid, but his announcement did not immediately halt the peso currency&apos;s collapse. Jillian Kitchener...

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