Martín Guzmán resigned, LIVE: the decision of the former Minister of Economy, minute by minute

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Guzmán, the academic who came with the recipe to renegotiate the debt and leaves criticized by harsh Kirchnerism

The office that Martín Guzmán had in Columbia University’s Uris Hall contains more than twenty books. Most were written by his mentor, Joseph Stiglitz (Nobel Prize in Economics). Others are co-authors of both. If the Argentine has to choose one to give to his visitors, he takes a hardcover one, entitled ‘Too little, too late’. In Spanish it means something like “too little, too late”. It is available in English only and is a collection of technical articles. But it gives a good idea of ​​the road map Guzmán wanted to follow.

The book’s contention is that countries that fail to meet their debt burdens in the bud impose “huge” costs on their societies and depress the conditions for economic recovery. It is estimated that since 1970 more than half of the restructuring and re-profiling experiments with the private sector have been followed by another restructuring or insolvency within five years. Read the full note here.

Guzmán resigned, with no room to make decisions on the dollar, subsidies and inflation

Economy Minister Martín Guzmán has announced his resignation. He did so through a statement through social networks: “With deep conviction and trust in my vision of which path Argentina must follow, I will continue to work and act for a more just, freer and more sovereign homeland. “, he said. .

On his Twitter profile, the official dedicated a long letter to President Alberto Fernández. There he thanked him for the confidence and opportunity in office: “When our government took office, Argentina was plunged into a deep economic, social and debt crisis, which was joined by a global pandemic first. and then the current war in Ukraine, which have deeply disturbed the functioning of the international economic system. ”Read more here.

Martin Guzman resigned