People in Argentina could face up to 500% tariff hike

Global Business

For more than a decade, the people of Argentina have enjoyed some of the cheapest electricity in the world thanks to generous government subsidies, but now they’re facing up to a 500% tariff hike as the government looks for ways to cut back on public spending.

There may be more price hikes to come.

CCTV America’s Joel Richards reports from Buenos Aires.