“Argentina is going to have to gather together without ideology and from all sides a handful of people with patriotic aptitude because what is coming is a very problematic scenario. Next will be a year of high risk and volatility. Society has to know that Argentine problems have a solution. We are already experiencing a transition that has different stages from here to August (STEP), from August to December and then between December and April.”
“Until August there is economic dominance and the one who has it clearest in the ruling party is the Minister of Economy Sergio Massa. In August we are going to enter a period of political dominance, because it is going to define how the country prepares for October,” he asserted. in dialogue with Radio Rivadavia.
Regarding a possible advance of dollars from the International Monetary Fund (IMF), The former director of the Central Bank assured: “No, that is a problem of Massa and the IMF. Going forward doesn’t make any sense, it’s just showing that instead of having a Minister of Economy who looked at him and said ‘who is this?’, now you have one that they receive in Washington. But it doesn’t change anything. If they give you the real money and let you sell it, that without a program lasts a short time, it is not recommended”.
What Carlos Melconian said about the dollar
In relation to the IMF’s insistence that Sergio Massa devalue the official dollar as a condition for a Melconian advance: “I don’t know what the IMF is asking for, but there is a reality, Argentina has an exchange market that in these conditions with stocks, Dollar Soybean 1, 2 3, this and that, it is a market that has more demand than supply.The gap with a very expensive dollar exceeds 100% and there is an abnormality. In a dual-currency economy like Argentina, which has an easier transfer to prices, devaluing doesn’t work for long. We are in a scenario of lack of political unity, lack of horizon and generalized conflict. This is a transition that we have to go through” and about possible future measures, he stated: “There’s not one action to take today that can define anything. It’s all transitional issues to swim and row forward.”
Source: Ambito
