In dialogue with Viviana Canosa, the analyst reported: “With Cristina as president in 2014, you reached a strangulation of reserves, with exchange delays, the Central Bank did not buy dollars, you had a number of pesos, at that time the Paris Club stopped, the vultures and all, classic fit meant that you weren’t enough to devalue daily, that had to do a jumpthat the little jumps are not an open-heart operation as if you had to grab Martínez de Hoz’s dollar and devalue it, it is a small one, but it needs sedation and it is done in the operating room, not in the office, and then you have to raise the rate there of interest.”
“The ‘fabregazo’ is to raise the exchange rate a little bit, the interest rate, it is not a program to win an election, it is to genuinely last longer. Because the alternative is I don’t let you care, I don’t let you raise the diesel and there is no ”, he elaborated on his arguments.}
In that line he said that “the dollar has to make up for past arrears and then follow its course with inflation”.
“Cristina understands all this? Does she agree?” Canosa asked, to which the economist replied: “He is someone who was president twice…”
Source: Ambito
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