The economist highlighted that the dollar rose two pesos in the informal market and maintains a gain of 18 pesos or 6.2% in November. Faced with this situation, he raised the need to make strong decisions that achieve a change of direction: “For me, throwing small things at this inflation is a mistake, you have to face it head-on and plant a bomb. With 100 inflation points you can’t gradually lower it. A bomb would be a well-done stabilization plan and with an objective that does not end in lowering inflation, I want to lower inflation so that wages rise. With 100% inflation, for purchasing power to rise, instead of trying to get a union to get 140% in parity, inflation must be brought down quickly”.
At that time, he explained: “For me you have to devalue, raise withholdings, you have to raise the salary more than you devalue and you have to raise the rates more than you raise the salary. And the next day you do have to freeze the prices of goods for six months. Here you talk about raising withholdings and they begin to cut your July 9, the challenge is maximum.
In any case, the specialist maintained that, if it were applied, the plan would not have the support of the people. “Both inside Argentina and outside I see a very strong disbelief that society supports a structural adjustment, freeze retirements, eliminate the Christmas bonus, change the employment contract law, lower social programs, kick people out of the state, which is what Macri’s book says. I see disbelief that this has strong social support. In that line he added:So that inflation in three years goes down, I’ll take your Christmas bonus, I’ll eliminate your social plans, I’ll freeze your pensions and I’ll throw 10,000 guys into the state, it would be incredible if you voted for it. But back, Cristina left with 25%, Macri left her at 50% and now we are at 100%”, highlighted Ágis.
Source: Ambito
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