The former Minister of the Economy, Domingo Cavallo, once again referred to the difficult economic situation that the country is going through and assured him “The current situation is as bad as it was in the late 1980s and early 1990s.”
The former official’s concern stems from receding inflation projections definitely 60% and about 100% for this year.
In this sense, Cavallo questioned the management of Alberto Fernández: “The government has done almost nothing right.” “The state intends to take care of all economic matters and control everything, neglects fundamental issues such as safety and education”She said.
Along the same lines, he underlined: “Alberto and Cristina don’t understand anything, they have totally wrong ideas or they are looking for goals that have nothing to do with what interests people”.
During an interview with A24, the former national deputy went further and stressed that this leadership “it’s much worse than De la Rúa’s”.
“People instead of looking for work are looking for projects, this government has done everything the other way around. There is great unemployment disguised as employment,” he said. And he added: “1,200,000 people have been incorporated into the state, that is, putting people in offices where they disturb each other to perform totally unproductive tasks”.
When asked about possible hyperinflation, Cavallo said so “Hyperinflation is an extreme manifestation which also happens when there is a very great political weakness. It is essential that stability returns.”
Looking further ahead, the former minister stressed that leaders must “explain how the economy will be organized and the chosen course”. And while acknowledging that “it’s going to take a while” for the crisis to stabilize, she assured that “There are effects that must occur immediately”. “You have to make the economy an honesty,” she added.
“There are huge relative price imbalances, all tariffs are tremendously late and this government said it was going to update them and it hasn’t,” he said.
NS
Source: Clarin
