The Economist Carlos Melconian made an analysis of political and economic context that Argentina is going through in the final stretch towards the 2023 presidential election and has anticipated a daunting scenario.
“What is relevant is that this issue of fragile macroeconomics and uncertain politics is not new, it has already happened, it happens in transitions and if precautions are not taken it will happen again. The history of Argentina proves it election years with a fragile macroeconomics and uncertain politics end badly”warned the former president of Banco Nación in dialogue with TN extension.
Similarly, he explained that “the fiscal deficit is financed by issuance, and as long as there is emission and the fiscal deficit is not zero, the debt will be a bomb that exists”.
As for the economic crisis that is afflicting the country, he specified that it is a “cumulative process“. “If the attack on the Supreme Court hasn’t come, it’s not that the economy would be good, but it all adds up. Above the truckers. It also doesn’t give you 4% inflation and you call Fair Prices to give you 3%. All wrong. But it’s not just about that. Again, it’s a cumulative process.”
On the other hand, the director of the Institute for Studies on the Argentine and Latin American Reality (IERAL) of the Fondazione Mediterranea considered that “politicians act on an empty stage” and that, by contrast, “people are interested in something else”.
Meanwhile, he argued that there must be “an honesty process” between the governing party and the opposition.
“Those who want to run for president must get together. I do not conceive the official and the opposition. Presidential candidates, when they are 20 years away, are circumstantial opponents. Today it’s your turn and tomorrow it can be my turn. What you fix, it works for me,” she mused.
Carlos Melconian assured that Sergio Massa “is postponing the problems”
Carlos Melconian referred last Wednesday to the management of Sergio Massa at the head of the economy ministry, which he claimed to “postpone problems” and warned society not to eat “rotten fish” because the next government will have to solve them.
“Here the problems are postponed‘, Melconian said in dialogue with Radio Miter and said that the arrangements will have to be ‘made by the next man and they will throw everything into the campaign’.
For the economist, the government “is not up to tariffs, dollars, rents, transport, meat and salaries”. “It liquefies, it doesn’t fix”, in relation to the fact that it doesn’t fully attack the problem of inflation.
“Most orthodox populism is thrilled to be liquefied, but they tell you so if they hit a lot of Massa, they drop Massa too much”, he analyzed and added that “to liquefy is not to resolveit is postponing the problem to the next one”.
In this sense, he insisted that the government “postpones the problems; that society does not eat rotten fish in this round of insults“.
Furthermore, he considered that the “phase of stabilizing instability” and promoting it “as an achievement” is “winding down”. “I think now he’s pulling that string way too much“, he has declared.
Source: Clarin
