The first to appear on television was the libertarian economist, who spoke from the Hotel Libertador which he uses as a campaign bunker for TN. When asked how he would seek to convince those who have not yet defined his vote, he resorted to economic arguments: “I would ask them what kind of country they want, one that inflation explodes or one that has stability?
“A country that has been stagnant for 12 years with a GDP per capita down 15%, where salaries during Massa’s administration fell 33% in dollars, that has 45% poor, 10% indigent, that is experiencing inflation at 300% at the top and that the foundations are in place for there to be hyperinflation? Or do you want a country where there is growth, where jobs are created, that these works are of quality and where poverty falls and destitution falls?“Milei began.
Dollarization
At one point they consulted him about dollarization and whether that project was still standing, even after the agreement with Mauricio Macri and Patricia Bullrich. “Obviously I’m going to apply it“Milei said.
“dollarization It has to do with two parts. On the one hand, how to clean leliqs and, on the other, how the monetary base is cleaned. “If a financial operation is structured, in three months I can clear the leliqs, which implies being able to open the stocks without hyperinflation.”
“Refering to monetary base, there is a no small problem: the largest bill in Argentina is 2,000 pesos, which buys two dollars at the parallel exchange rate. So there is a problem of the amount of bills we need. The base conversion process needs more time, Ecuador needed nine months,” he added.
IMF
On the other hand, he said that spoke with IMF authorities and that they agreed that “a situation could arise where there was a mess of tax numbers“, so they analyzed “how that situation would be faced.”
“The adjustment is going to come either way“, he warned. And he continued: “We propose an adjustment to prevent it from ending in hyperinflation. But we are going to make politics pay and to the friends of politicians, not to the people.
“They can decide to do nothing and continue putting patches. But the patches can’t hold up anymore and hyperinflation is just around the corner,” he concluded.
Sergio Massa: what he said about inflation, the dollar and debt
In another section of the program, Sergio Massa He spoke from the Ministry of Economy and revealed what he plans to do in his eventual government.
The economy minister stated that he will seek “defeat inflation”, highlighted the idea of “shrink the spent” and mentioned the changes that he intends to implement in a program with the International Monetary Fund which he defined as “inflationary”.
“Argentina has a problem of macro origin that is the program with the Fund that is inflationary and must be rediscussed”he explained.
“We have already informed the Fund that if they give us the responsibility of governing from December 10 we want to rediscuss the program based on export results. The program is going to be changed to get out of this inflationary mechanism,” he said.
“First (seek) the defeat of inflation in 2024 by recovering exports that were dramatic this year. The drought pierced exports and left Argentina without currencywithout 5,000 million dollars in revenue and 20,000 million dollars in exports,” indicated the candidate minister.
He also expressed that his idea is to go towards “a zero deficit”in addition to moving towards “a profound change in the functioning of public administration, unification of public companies and a scheme where we have the opportunity not only to reduce spending but to make state procurement more efficient”.
sergio massa in TN.jpg
Dollar: Massa announced when the stocks will end
In parallel, he considered that “dollarization is a megadevaluation” and that “it has nothing to do with the Argentine economic reality”, that the “opening of the economy It is closure of SMEs”, which break Mercosur is that 150 workers from Córdoba will be left without markets or that all workers in Greater Buenos Aires who work in the automotive and auto parts sector will be left without a market” and that “break with China It means losing almost 19 billion dollars of export market.”
“The biggest We are going to experience income recovery next year because we are going to bring down inflation to less than half, because we are going to make our reserves very strong, we are going to have a fiscal surplus as much as possible“At first zero and if we can, a surplus, a trade surplus, exchange competitiveness,” he promised, four days before the second round. “The twin surpluses give strength to Argentines,” he summarized and alluded to the case of Néstor Kirchner.
Finally, he warned that The exit from the stocks “will take approximately 12 months.” “and insisted that, if he wins, politics will be directed by someone who is not in his strength and whom he will not expose “until after the election.”
Source: Ambito
