De Mendiguren pointed out that the previous government applied a “financial bicycle” by allowing the free entry of capital, “ironing” the exchange rate and raising the interest rate. The national official maintained that every time that policy was applied in the country “it ended badly or worse.” “I warned you that along these roads we were going to collide”, he recalled.
“With that financial policy that you apply, what comes first, look at the interest you paid, of that money that came in only 4% went to bury it in direct foreign investment. This generated productive Argentina that generates the dollars, the you destroyed,” he said.
The opposition deputy and economist crossed criticism about the financial rates in the period 2015-2019. “The rate of your government was double that of the beginning of the previous government,” she pointed out. And he added: “Those rates that you cried about on all the television channels, are the ones your government has now,” he launched.
Although Tetaz acknowledged that the economic activity recovered, assured that the activity “is stagnant” since December of last year and indicated that the industry “is below the level” of that same month. “Change the laptop because your numbers are burned!”, replied De Mendiguren. “Do you want to lose another roast?”, Tetaz pointed out. “I beat you 14. You say anything!” De Mendiguren replied.
In another order of the debate, Tetaz then attacked the management of Cristina Kirchner. “His government, that of Cristina, took office with twin surpluses, external and fiscal, left with a deficit of 5,000 million dollars per quarter in the current account”. De Mendiguren, however, rejected the data. “I proudly wear the Cambiemos shirt,” added Tetaz in the middle of the crossings. “I was in private activity, you were an official of all governments“, Shooting.
“Cristina left with a cheaper dollar than [José Alfredo] Martinez de Hoz That’s called ‘sweet silver’. It generated an artificial feeling of higher real wages for sweet money,” Tetaz explained. “I remember when Mauricio [Macri] assumed promised everything. In 2018 she said ‘the worst is over’ and after four months everything exploded”, de Mendiguren reacted. “But your president says the economy is growing, and is stagnant. live in narnia”, answered Tetaz.
De Mendiguren did not let her pass. “They started by saying that you have to remove the stocks, they ended up putting a stocks, they started by taking out detentions, they ended up putting in detentions. They had it clear. It was the best cabinet of the last 50 years. They released rates and then froze them. They ended up defaulting“, He launched.
Another critical moment was experienced when de Mendiguren showed a graph with the inflation data of the government of Mauricio Macri. “You are missing the last few years, what a coincidence, right?” Tetaz pressed. “You were inflation specialists, they said that they fixed it in a taquito, that it was an issue that could be fixed in two days,” Mendiguren scolded.
Finally, Tetaz said he felt “proud” of Mauricio Macricompared him to the president of France, Emmanuel Macronand highlighted the figure of Cavallo and his convertibility policy. “Besides what you did later, Cavallo’s was a luxury,” she blamed him. And he added: “The development model that you propose is sinking Argentina into poverty and marginality. inflation is flying”.
Source: Ambito
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