javier milei crossed this weekend the former Minister of Economy Hernan Lacunza for the exchange of bonds in the hands of public organizations that the Government ordered and branded the former official as Mauricio Macri of “liberticide“.
It all started when Lacunza shared a tweet commenting “I don’t understand how a professor from the UBA could say that a debt at 45% in dollars would be sustainable.”
That publication referred to the decision of the Ministry of Economy to submit its decision on the debt of public organizations to an audit by the University of Buenos Aires (UBA), to determine if it was beneficial for the State or not.
The Milei–Lacunza crossing
Far from defending the government, Milei cited the economist’s tweet, who currently supports Horacio Rodríguez Larreta’s presidential candidacy, and crossed it vehemently, reminding him of his time at the Palacio de Hacienda during Macri’s administration.
“And again you realize that those who surround the claim have serious problems in understanding basic financial issues. Here is the one who has defaulted the debt in pesos and invented the neologism reprofiling,” the owner of La Libertad Avanza exclaimed.
Immediately afterwards, he added: “I forgot that he reinstated capital control. FREEDOM.” Despite the aggression, common in the publications of the liberal candidate, Lacunza chose not to respond.
Government measures
Last Wednesday, after multiple speculations about it, The Government formalized the Decree of Necessity and Urgency (DNU) that obliges public organizations to part with their holdings of bonds in dollars to contain the pressures on financial currencies and absorb pesos.
Through the DNU, which bears the signature of Alberto Fernández and the ministers of his Cabinet, the State seeks to take pressure off the currency in the midst of a new escalation of the blue dollar.
In this way, public entities are ordered to exchange their bonds in dollars under foreign law (global or GD) for instruments in pesos under local legislation.
The total amount covers about US$4,000 million. In addition, it will proceed with the incorporation of dollar bonds under local law (bonares or AL) in the CCL dollar operation.
Source: Ambito
