For analysts, after Guzmán’s departure, a solid program with political support is needed

Although Martín Guzmán’s resignation on Saturday afternoon surprised economists and businessmen, analysts consulted by Clarione They indicate that the cycle of the now ex-official was over and that the key from now on is to realize a credible business plan with political support.

For Martín Vauthier, of the consulting firm Anker, “to reverse expectations, rather than a change of name, a solid economic program is needed, in particular fiscal, credible to the market and supported by politics. This is the necessary condition to start stabilizing the macroeconomy “.

“The official communication will say that the president is surprised, angry, that he didn’t expect it now from his minister, etc. Now, the ones who shouldn’t be surprised are us. We cannot ask a government without PLAN A for PLAN B.“argued economist Luis Secco.

Fernando Marull, director of the consulting firm FMyA, said Guzmán’s resignation has to do with pressure from Cristina and that it meant another setback from Alberto Fernández. “Forward – he added – there are two possible avenues. If the successor is rather pro-market, it is possible that the markets (dollar and bonds) will not react so hard. If what is coming is a minister linked to the Patria Institute, the scenario is much worse“.

Fernando Marengo, from Arriazu Macroanalistas, said that Guzmán’s departure was due to the financial crisis and in part to the lack of support within the coalition. In short, “it is a crisis of confidence,” said the economist. “I think he has understood that he has nothing more to contribute and that he cannot reverse the current situation or the tax issue,” he added. Marengo stressed that this growing mistrust is reflected in the increase in country risk, the decline in bonds and the shortage of dollars.

Miguel Kiguel, director of Econviews, plays it The Guzmán cycle “was already exhausted” due to the poor results of its management. “It leaves everyone angry and ends with high inflation, a widening gap, no reserves and an uncontrollable deficit.” On the other hand, the economist also questions Guzmán’s role in debt restructuring. “His style is very difficult and the big question is who will come, because nobody wants to handle a situation like the current one,” he concluded.

“The government has to appoint someone tomorrow, unify the ministry of the economy and appoint a minister with his own strengthso that he can stay out of political struggles, “said economist Fausto Spotorno.