The economist was skeptical and avoided making speculations regarding the time it will take to adjust the current situation.
The Economist Carlos Melconian He referred to the economic panorama that will face Javier Milei when he takes office and expressed that he has the “best expectations.” He also referred to dollar, one of the key issues for society and the market.
“Expectation is very important, I want Argentina to do well. I am an independent citizen, personally, I have always given the right at the beginning of a government: I hope you don’t miss the train of opportunity once again“, he expressed in statements with TN.}
However, he was skeptical and avoided making speculations regarding the time it will take to adjust the current situation. “I don’t dare say Marchwhen we talked about the transition period that anyone was going to have, we always preferred it to be timeless. There will be a transition period here to accommodate”, he evaluated.
The economist, who would have been the treasury holder If Patricia Bullrich was president, she remarked that “Argentine society chose a change” and referred to the viability of the proposals put forward by the elected president regarding the implementation of measures aimed at shrinking the State and reducing public spending to a minimum.
“I never got hooked on chainsaws, but I realized later that it was a political element that stuck. What we do have to do is that, if ten enter, I cannot spend 12 because Argentine history showed that if it is financed with external debt, it shocks; if it is financed with internal debt, it crashes; and that if you finance it with currency issuance, you have inflation,” he noted.
Santiago Bausili Luis Caputo
In that sense, he questioned the ways in which the leader of La Libertad Avanza (LLA) – and several of the leaders of his future cabinet – expressed themselves regarding the state of the economy. On more than one occasion, Milei stated that “there is no money.” “Since I saw the word ‘stagflation’ and the request to ‘buy generators’ (from the next chancellor, Diana Mondino), I wouldn’t think it goes too far in scaring society because expectations play a role. You cannot sell colored mirrors that there is nothing to do because it is a lie.“, She complained
On the other hand, the former head of Banco Nación defined the one regarding the dollar as “an eternal discussion.” “This has always happened in Argentina when the currency changes price, when it is devalued specifically, half of the prices in a bimonetary economy. It is closely linked to what happens with the dollar“, he concluded
Source: Ambito
