Emmanuel Álvarez Agis: “We are all populists, but always have other people’s money”

during the cycle “Democracy and Development”inorganisa ni Clarionwhich began this Tuesday in Malba, economist Emmanuel Álvarez Agis reflects on populist regimes in the country: “We are all populists, but always have someone else’s money”, He said in his presentation.

In addition, he was not critical of energy subsidies during Cristina Kirchner’s last government, in which she served as deputy minister of economy.

“I accept responsibility for participating in a government that has left subsidies at 3.5 points of GDP,” said the head of consulting firm PXQ.

The statements came shortly after the Government ordered the start of public hearings for the increase in electricity and gas charges, a formal step to be implemented. an average increase of 42% for the year and thus slightly reduces subsidies.

“Now the subsidies to Argentina will be more or less three points of GDPAlvarez Agis added.

The economist also spoke about the problem of inflation in the Argentine economy, after the publication of the latest index of the National Institute of Statistics and Censuses (Indec), which is 6% for the month of April.

“The problem of inflation in Argentina it will take many years to resolve and more than one mandate. The last time I said it on the campaign trail, they asked me to keep my mouth shut, “he said. And he remarked that there are no” magic solutions “for inflation.

“How do we come out with two exchange rates? Argentina is the place where we don’t implement any theory. We are not seriously or long -term implementing any theory. We are counting coins at the Central Bank, “he said.

And, after identifying the slower but more effective path Peru has taken to deal with problems such as bimonetaryism, he concluded: “We need to look at that economy to understand how do we return to a single exchange ratea condition without which we would not have an economic program “.

The fourth edition of “Democracy and Development” will comprise a cycle of seven events on what it is agreed the country must reach to achieve continued growth that enhances and is nourished by exports and maintains the domestic market.

will participate officials, academics and businessmencoordinated by journalists from Clarion. It will take place between this month and next November.

LGP