He also considered that “interest rates are too high, that stops.” After returning from Europe, he said that “the country is much more complicated when I left.”
The businessman Cristiano RattazziCEO of the Modena Group, warned about the growing distrust in the economy and questioned the current political climate. “When it exceeds 1,200 points there is a brake on trust and that is serious”held. He also expressed his support for President Javier Milei, although with criticism of management.
After returning from Europe, Rattazzi said that “the country is much more complicated than I left” And he pointed out that in recent months the situation “complicated a lot.” He attributed part of the tensions to the tone of the public debate: “Soberbia and anger is not a good counselor. Insulting people, getting angry does not work. You have to talk to everyone,” he said.
Regarding the management of Milei, he highlighted the president’s technical preparation and defined his initial economic plan as “great”, although he claimed adjustments: “The first year worked extraordinarily, but we must also know how to give certain adjustments when things do not walk as well as before.”
One of the most sensitive points was his warning about the lack of financial trust: “When the country risk goes up to 1200 and peak, I see a braking of all in confidence in Argentina. And that is serious. Interest rates are too high, that stops.”
Rattazzi also questioned the functioning of the Congress for sanctioning laws without defining sources of financing and recalled episodes of political instability such as the 2001 crisis, which he described as “Civil institutional coup.” In his opinion, the government needs more legislative support to consolidate its program and avoid destabilization attempts.
About the dollar, he defended market freedom: “The dollar has to be free and have a value that the market sets it. There is no reason to be scared because the dollar is a little high”. He even opened the door to a future dollarization: “If it is not the euro, let’s hurt, so that Argentines of lower resources know what they have in their pocket.”
In political matters, He considered “interesting” the triumph of Axel Kicillof in Buenos Aires and called to face the legislative elections calmly and responsibility.
In conclusion, he ratified his support to the libertarian course with nuances: “I believe in what Milei is doing, I believe in an Argentina in which my children and my grandchildren are going to live better, they will be a more respected country. Milei knows what he does and I think he can be a great president. ”
Source: Ambito
