Argentina's President Mauricio Macri speaks during a news conference after the bilateral meeting at Narino Palace in Bogota Colombia, June 15, 2016. REUTERS/John Vizcaino
BUENOS AIRES (Reuters) - President Mauricio Macri on Saturday defended his move to hike Argentina's energy rates as a "painful" but necessary part of fixing the economy after years of mismanagement under his leftist predecessor.
Macri's remarks came two days after an Argentine court halted price increases for gas and electricity, hurting his drive to narrow the fiscal deficit by cutting energy subsidies. The dispute will likely end up in the Supreme Court.
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