“Many times they tell me ‘you are weak, you have to be more courageous,’ and I say ‘I don’t want the arrogance of pride or the courage of mercenaries, I still believe in dialogue,'” he explained and closed: “But The one who faced the debt with the Fund is called Alberto Fernández, the one who faced the pandemic is called Alberto Fernández, the one who continues to face the war is called Alberto Fernández,” the president said.
The Government also participated in the Colloquium, although virtually, the Minister of Economy, Serge Massa. In a recorded interview, he spoke of the five guidelines that are needed to accommodate the economy, based on a stabilization plan for which businessmen and trade unionists will be summoned, with special attention to prices.
It is not a minor fact: today the inflation for September was known, which marked 6.3% and was close to 84% year-on-year. Precisely, a stabilization plan was what several economists who attended the Colloquium called for, such as Martin Redrado, Marina Dal Pogetto, and Hernán Lacunza, among others. The invited governors also agreed.
At the conclusion of the 58th IDEA Colloquium, the businessmen will record in a document a series of proposals for the growth of Argentinawhich they will present to both the government and the opposition, and other actors in society.
The proposals made in A document will be released in the coming days, but they are based on the five axes that marked the IDEA Colloquium (employment, education, clear rules of the game, public finances and Argentina’s insertion in the world) and the main concerns of both entrepreneurs as well as the rest of society: inflation, exchange rate, economic activity, consensus and long-term policies, and especially poverty.
Entrepreneur discouragement at the IDEA Colloquium
In consultation with employers, Ambit He collected the humor of the businessmen and women who attended the IDEA Colloquium, who showed discouragement and fear, but also hope for the economic situation.
Among the most talked about topics in the corridors of the Sheraton, the multiple quotes of the dollar, the level of inflation, and the lack of job creation, among others. The moderation of the claim to lower taxes called attention.
Welcome – Daniel Herrero, President of the 58th IDEA Colloquium, Director of IDEA and President of Toyota Plan Argentina SA bis.jpg
But the main note was given by the organizers themselves with the motto “Give to grow”. Many businessmen who believe that they no longer have room to give in were surprised by the slogan. Part of what must be yielded and to whom will be reflected in the final document.
Dialogue with the Government
The IDEA authorities explained that the proposals that they will present to the Government were the product of conversations in recent months, and that they will also take them to Congress, to all the political parties, and to other sectors of society.
They insisted on clarifying that it is not an imposition, but rather a contribution from the businessmen’s perspective on Argentina’s needs to achieve consensus and growth that is sustained over time. “The problems of the macroeconomy have multiple causes and they must be attacked from various sides,” Murchison said. “If there is a solution, any businessman will be willing to listen to it,” Herrero added.
For these hours, the Government is preparing a call to the companies that bring together the products that Argentines consume the most -especially food and hygiene and cleaning items- to achieve a price agreement that will put a brake on inflation. Simultaneously, union members will be called to discuss salaries.
58th IDEA Colloquium – Give in to Grow.jpg
Phrases at the IDEA Colloquium
Below we compile some of the phrases that were heard both in the panels of the IDEA Colloquium and in the corridors of the Sheraton hotel:
Daniel Herrero (president of the 58th IDEA Colloquium): “We have to work on a tailored suit for each sector and that we all give in a little so that we can achieve the future we want”
Roberto Murchison (president of IDEA): “We are tired of having potential, we want to keep it in mind”
Luis Pérez Companc (president of Molinos): “We have to stop thinking about the sector and start thinking about a country project”
Sebastián Ceria (CEO of Qontigo and president of the Fundar study center): “The first ones who have to give in are the businessmen”
Ricardo Pignanelli(head of SMATA): “You can’t get more from companies than they can pay”
Marina Dal Pogetto (executive director of Eco Go Consultores): We want the taxes of Paraguay with the expense of Sweden, and having the productivity of Zambia”
Martín Redrado: “Argentina needs a stabilization and growth program”
Marcos Bulgheroni: “In the last three months there has been a period of greater calm”
Esteban Domecq (Invecq Economic Consultant): “In the last 41 years, we had 18 recessive years”
Hernán Lacunza: “I am optimistic about the next government being able to make a regime change. You can’t go on with more of the same.”
Sergio Massa (Minister of Economy): “It is fundamental that we understand that the fiscal order is the path of predictability for the State
Carolina Castro (Guidi Industry): “Claiming for a tax reduction cannot be the only thing”
Javier Goñi (General manager of Ledesma): “Talking about labor reform sounds bad, what needs to be done are adjustments in the world of work”
Horacio Rodríguez Larreta (head of the Buenos Aires Government): “Argentina needs to build a broad consensus and end the infernal pendulum of the crack”
Patricia Bullrich (president of the PRO): “I am going to end the social plans in Argentina”
Javier Milei (Liberal deputy): “I have come to definitively destroy Kirchnerism”
Facundo Manes (UCR deputy): “The UCR wants to compete; whoever wins, leads and whoever loses, accompanies”
Horacio Rosatti (President of the Supreme Court): “State and Market are not expected to collide with each other”
José Ignacio de Mendiguren (Secretary of Industry): “Those who have to give in with prices are the businessmen”
Xavier Sala i Martin, Professor of Economics at Columbia University: “If Jeff Bezos had been Argentine, Amazon would not exist”
Source: Ambito
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