Carlos Melconian warned that what Sergio Massa announced “is not a stabilization plan, it is a classic adjustment”.
The Economist Carlo Melconiano analyzed the measures announced this Wednesday by Sergio Massa, a few hours after being sworn in as Minister of the Economy, and assured that “what is coming is not a stabilization plan ”, but“ a classic adjustmentthat is no more “.
The former director of Banco Nación has assured – contrary to what Massa said – that now there will be “devaluation and rising interest rates”. Quickly, she clarified for critical purposes: “I correct myself: this government devalues itself from the day it arrived. Now it is debated whether there will be a leap or whether the daily devaluation will continue. ”
“There is 70% inflation, 40% poverty and more than 8 million informal workers. What adjustment are we talking about? Fitter than that? The market has made its own adjustment. What is coming now will be a classic setting, which is no longer there, “she specified in an interview with TN.
And he continued: “What is coming is not a stabilization plan. It is accommodate first in the agreement with the International Monetary Fund (IMF) e second, to avoid a rash of inflation “.
“If you say that the government ends and does not explode, it is an optimistic scenario,” remarked Carlos Melconian.
Particularly dramatic in his analysis, Melconian stressed that the country is entering a “scenario whose only objective is to avoid overflow”. “If you say that the government ends and does not explode, it is an optimistic scenario. Let’s say that this year’s inflation is 90 percent and next year’s 120 percent, everyone signs without hesitation, “she exaggerated, although not that much.
Furthermore, he said that Argentina “must prepare an economic program that will not only put its economy in order, but also change your economic organizationunlock the private sector and, at the same time as the stabilization of the economy, generate the conditions necessary to promote growth ”.
“If I have to give it a title, what will come is the attempt to do so return to the path of continuous deterioration without explosionsthat’s how I was Berretaland“, attacked the man who was a consultant for Cristina Kirchner. And this emerged, it only suggested a” classic adjustment “.
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Source: Clarin