“In difficult times, of unsustainable external debts, pandemic and war, Argentina has taken very important steps,” said the former official.
Artana considered that this posting was “pretty poor conceptually” and said: “He speaks more as a politician than as an economist despite having a doctorate from a prestigious university. If you say that the debt restructuring was successful because you lowered the maturities somewhat, you don’t understand what you’re talking about. It was a resounding failure. Let’s not buy the verse.”
In addition, he said that Guzmán “left creative accounting in the fiscal accounts, began with late payments and accumulated debt”, after which he added: “Today they owe a lot of money to CAMMESA, CAMMESA owes a lot of money to the generators and the generators to the gas producers. A huge snowball was put together. That’s how things kicked in and made it almost impossible for a stability plan to be applied”.
Artana He also questioned the former economy minister for having delayed the exchange rate “in the context of the silver plan.”
“Although they began to move it this year, they are already running it from behind. They were not supposed to do it and they delayed it 9%. The only thing they have to understand is that this plan is small, unless it had a large number of reserves at the Central Bank I passed bill to you at some point. It aggravated the problem and subtracted votes, “he complained, in statements to a news channel.
In this framework, the economist pointed out: “In that month that we had three economy ministers, Argentina suffered great financial instability, with the risk that the program with the Fund would fall and Argentina would go into default. All this was normalizing to the extent that the Government opted for economic moderation. But it’s not enough.”
Source: Ambito
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