“He is issuing pesos to pay for a differentiated dollar that he created”maintained the Liberal deputy and insisted that the emission “which the Government promised to stop doing” is being increased.
Also, Milei remarked: “In a week they liquidated 1,700 million dollars to the field and the reserves only increased 1,000 million. That means that if I hadn’t tightened them to get that little advantage, we would continue to lose dollars like crazy.”
The legislator noted that “The logic is to buy time so that the crisis explodes in someone else” and explained that what they are doing is “an advance liquidation that creates an atmosphere known as ‘chicha calm'”. “They advance you dollars, they seek financing abroad to extend the time of the crisis, but they end up issuing the same,” she added.
In turn, the economist warned that “the snowball is going to get worse and worse” and argued that “although the government is trying to correct some things, there is no structural reform.” “They will not be able to buy time because the size of the imbalance is very large”.
“The reality is that it is already exploded everywhere. Wait for the electricity bill, gas bill, the price of food is through the roof,” he added after being asked when the time bomb could “explode.”
Thus, he concluded: “We live in an illusion. You have worse social indicators than they had prior to the outbreak of convertibility, the economic imbalance is double what they had prior to the outbreak of Rodrigazo “.
Source: Ambito
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