The businessman made these statements to Ámbito after the UIA Annual Conference. He also assured that “the adjustment must be made.”
The former head of Fiat, Cristiano Ratazzistated that the price of official dollar in the government of Javier Milei “it will be closer to the market price”, which would be between $820 and $905, between MEP and the blue.
The businessman spoke hand in hand with Andres Lerner of Ambit after the 29th Annual UIA Conference, where he stated that he has a “huge expectation that Argentina will return to what it was 100 years ago.” But to do this, it is necessary to make an adjustment, “but it will not be so big because it has already been done and is being done day by day.”
Andrés Lerner: What expectations does the industry have with the change of government for 2024?
Ratazzi: “I have enormous expectations that Argentina will return to what it was 100 years ago, a world leader, one of the richest countries in the world and that with few adjustments it can be made. It will take time because there are 100 years of disasters, but we can get there and that is the expectation I have. There is a lot of potential, especially exports, and there is a lot of potential for industries. “They have to strengthen themselves and be competitive in the world.”
Andrés Lerner: Does the adjustment have to be measured or deeper as Javier Milei suggests?
Ratazzi: “A country with 50% poverty, 60% poor children, 10% destitution, 20% inflation per month, an uncontrollable deficit and handouts everywhere, we have an enormous crisis. The adjustment must be made, but not It is so serious because the adjustment has already been made and is being made day by day among the poor people.
Andrés Lerner: How can stagflation impact?
Ratazzi: “No one likes inflation, but the first period can be a bit of stagflation, but let’s hope that it is eliminated quickly. There are faster and slower ways. I don’t know exactly what the system is going to be but I think that We must give a very strong blow to inflation and obviously no longer have this antics of a dollar at $365 that has nothing to do with the real dollar in the market, which is at $920 to $830 for the CCL, $840 for the MEP. It will be closer to that figure that is the real dollar, which is an antics that is not known for whom, for some privileged and very few, and which is doing enormous damage to all of Argentina.”
Source: Ambito
