The Constitutional Court has temporarily suspended the authorization given by the Executive Branch to award differential minimum wages in four municipalities.
Despite being a measure requested by the local authorities themselves in order to attract investment and create jobs, the Constitutional Court has decided to temporarily suspend the authorization that was granted by President Maldonado.
From the comfort of a heated office and after receiving thousands of dollars in salary at the end of every month, well-intentioned people are trying to take away from those who have nothing, the possibility of having a job.
EDITORIAL
The indispensable struggle for the dignity in jobs and the eradication of slavery of the people living under a wild form of capitalism, has led to the introduction of minimum wages in modern societies.
Neither the Enabling Protocol for the Customs Union with Honduras nor the draft employment law were approved at the last session of 2015 held by the Guatemalan Congress.
Despite pressure from the business sector in recent days, the Congress of Guatemala was not able to approve before the end of the year either one of the two key projects for economic activity.
The controversial law limiting interest rates charged by credit card issuers was sanctioned by President Maldonado and will take effect on March 8, 2016.
Despite the request of the financial sector to veto the new law , president Maldonado decided to sanction it, and now the Superintendency of Banks will have to issue the necessary regulations for its implementation.
With the resignation of Pérez Molina and Alejandro Maldonado sworn in as president, the institutional crisis should moderate in its intensity.
From a statement by AmCham Guatemala:
After several months of political uncertainty in Guatemala it has been demonstrated that nobody is above the law and that the country's institutions are able to perform their job.
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