Since her last public presentation, which lasted an hour and with the people enduring the intermittent rain, Vice President Cristina Fernández has made it possible to save at least two specific measures that she intends to apply, not only in what remains of this government, but at least in a new government if the pro-government formula triumphs, which will define and outline economic policy from top to bottom.
A strong idea would be break with the International Monetary Fund, or at least reconsider a deal so that the debt the country maintains to that entity is only paid if there is a trade surplus.
The second one, higher tax burden about who has more.
As for the debt to the IMF, he insisted on paying off the debt by tying up the deadliness” to a percentage of exports”, that is, it is paid only if there is a trade surplus.
Regarding the tax burden, he suggested this: “The urgent problem we have today is the distribution of income. And look, believe me To distribute income, many times you have to make a fool of someone who has a lot because it’s not about comparison. Or why do you think that in my second government we managed to reach 51%? Or why do you think they hate me, persecute me and ban me?
Then, the usual: rethinking the country, enhancing exports, diversifying exports, improving the distribution of income and wages.
He didn’t say anything of courseof equities and the exchange rate gap, and how that measurement (stocks) and that consequence (the gap) are the ones that largely explain why today the Central Bank has negative reserves and juggles releasing -cheap- dollars to importers.
He did not relate the lack of reserves, the impossibility of financing on the capital markets and the consequences of financing with a monetary issue, with the numbers unleashed by inflation, which generate more poverty.
The criticisms of the Monetary Fund are repeated together with the talks that the minister and perhaps presidential candidate Sergio Massa is trying to establish with the IMF board to advance new funds.
The interesting thing about the Vice President’s speech is that at least it outlined two concrete lines of action. None of those who claim to be running for the Frente de Todos has so far dared to say anything. No one explains how the continuity of Kirchnerism and his vision of the economy at the helm of the Executive Branch from 2023 can improve the economic scenario.
Sergio Massa comes to terms with the situation and talks about stabilizing politics as a necessary condition for stabilizing the economy. We add many countryside events masquerading as management: a level crossing in San Fernando, a stimulus for the import of disassembled motorcycles to be assembled here, a ride on a tourist train to unite the town of Mercedes (town of the Minister of the Interior and possible candidate Eduardo De Pedro) with Tomás Jofré (a town of 300 inhabitants) located 17 kilometers away and whose journey will take 45 minutes.
Eduardo De Pedro presented a video hoping that Argentina will work.
Of the economic future, little or nothing. Or all of the above.
Source: Clarin
