Carlos Melconian and a new detail on meeting Cristina Kirchner: he admitted he suggested making a “classic adjustment”

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Carlos Melconian and a new detail on the meeting with Cristina Kirchner: he admitted that he suggested doing a

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The economist Carlos Melconian, former president of Banco Nación during the first phase of macrism. Photo Maxi Failla.

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Almost a week after the encounter he had alone with Cristina Kirchner, Carlos Melconian still provides the details of that encounter, although he slowly brings them to light. This time the economist unveiled some of the vice president’s suggestions, including a “classic fit“, a”jump of devaluationand an increase in the interest rate.

Head to head with Viviana Canosa for A24who was president of Banco Nación during Mauricio Macri’s first leg, said he advised Cristina to do a “Fabregazo”, in reference to the measures promoted by the former Minister of Economy Carlos Fabregas in 2014, when the second term of the current vice president was about to expire. “We need a classic fit,” she told her.

“When in an equivalent situation, with Cristina as president in 2014, you reached a strangulation of reserves, with delays in exchange rates, the Central Bank did not buy dollars, you had a certain number of pesos, at that moment the Paris Club stopped, the vultures and all, the classic adjustment meant that it wasn’t enough to devalue that daily had to make a small leap of devaluation“, he expressed.

And he expanded: “Those little jumps are not an open heart operation like you have to take Martínez de Hoz’s dollar and devalue it, it’s small, but it needs sedation and it’s done in the operating room, not in the office, and then there you have to raise the interest rate“.

Carlos Melconian gave more details about his meeting with Cristina Kirchner.  Photo: Marcelo Carroll.

Carlos Melconian gave more details about his meeting with Cristina Kirchner. Photo: Marcelo Carroll.

Regarding the “Fabregazo”, he explained that it consists in “raising the exchange rate and the interest rate a bit”, although he clarified that “it is not a program to win an election, but to really last longer“.

The president of the Mediterranean Foundation’s Institute of Studies on Argentine and Latin American Reality (IERAL) instead referred to the dollar, which on Tuesday reached its record of 238 pesos: “The dollar must compensate for the backwardness of the past and then continue its course accompanying inflation. They have no way of not doing it. ”

Meanwhile, he once again defended himself from the criticisms received for having met Cristina, taking into account his proximity to Together for Change: “We started a tour to see the governors where the Mediterranean Foundation is located, we sent invitations to political leaders. Before, he had been with the Speaker of the Chamber (Sergio Massa) and no one knew “.


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Source: Clarin

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