The last non-specialized economy minister was Hernan Lorenzinowho held the position from 2011 to 2013, during the second term of Cristina Fernandez. Now, Massa joins the short list.
In this context and with the particularity of the designation of a “non-specialist”, the economists Argentines offered their position on the superminister.
What economists say about Massa and the superministry
Daniel Artana, economist at FIEL and professor at the National University of La Plata (UNLP), made reference to Massa as a strengthened figure within the economy: “Everything has been quite messy what has happened during the last month, but there is also the good news that we are going to have a Minister of Economy with more weight“.
“What matters here is what the government is going to do with the commitments it has made with the IMF, especially in fiscal matters,” he added in statements with TN.
The economist also made reference to the importance of the deficit: “The question for the new minister is how will you order the fiscal accounts. In the short term, what helps moderate the deficit is that be more aggressive than they used to be in terms of tariffs and there is a very important political test”.
For Faust Spotornoan economist at the OJF company and director of the UADE Business School, “there are two signs that have already been given: the rise in the interest rate and the unification of the Ministry of Economy, which unifies economic policy. That made the market respond well, at least initially.”
In dialogue with This morning, The specialist considered that in the short term “the three fundamental problems” of the Argentine economy are: how to finance the deficit, how to sustain the exchange rate and how to pay the debt.
For its part, Robert Cachanosky made a list of measures that the new superminister must take into account to order the economy: “put the fiscal accounts in order because in the first months of the year increased by 254% compared to the first semesterY public spending is growing 10 points above the rate of inflation.
The economic journalist described Massa as “a great negotiator” and he assured that with his arrival “it is possible that the foreign exchange market calms down a bit, see what measures they announce, that will let you see how long the market can calm down. He discounts that he is not going to make solutions.”
Carlos Maslatoneconomist and liberal reference, who in the previous days had published a series of “recommendations” before a possible landing of Massa in the Palacio de Hacienda, celebrated the appointment of the president of the Chamber of Deputies.
The economist gave some advice to the former president of the Chamber of Deputies: open the foreign exchange market.
“If Massa is revived, open the exchange market and short of one with the quasifical of the Central Bankonly with that and leaving the rest of the state’s disaster intact, it appears in 2023 and wins, because the immediate wealth that these two measures generate for everyone is incalculable,” he said through his Twitter account.
Source: Ambito
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