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Martín Guzmán said that Javier Milei’s model is exhausted and criticized Luis Caputo’s announcements: They deepen the recession

Martín Guzmán said that Javier Milei’s model is exhausted and criticized Luis Caputo’s announcements: They deepen the recession
Martín Guzmán said that Javier Milei’s model is exhausted and criticized Luis Caputo’s announcements: They deepen the recession

In an interview on the program Minute Onewith the journalist Gustavo SylvestreThe economist considered that the model that Javier Milei is carrying out “is exhausted” since it is “a regressive scheme (that) does not organize.” “If you temporarily organize the fiscal numbers and disrupt the social, you do not organize the economy,” he said.

Embed – MARTÍN GUZMÁN warned about the new ECONOMIC MEASURES: “THEY DEEPEN THE RECESSION”

“We have a government that is friendly to markets and not friendly to retirees, to the middle classwith those who are in a vulnerable situation,” said Guzmán, but clarified that in recent days, with the demand for a devaluation by the markets, they demonstrated that “there are no friends, only interests.” “They shifted the goalposts from the Government,” he said.

“We have already experienced this, I also experienced it in other times. And when the president does not decide, there are problems.. And here the market told him ‘Look, you’ve already made all this adjustment, the retirees have already suffered what they suffered, now you have to get out of the trap’“And until a decision is made, there is a lot of uncertainty,” Guzmán said.

“The Government is coming out with an off-axis announcement,” Guzmán said about Caputo’s conferenceas the markets were expecting “a political definition from the president, who is having an internal fight in his government, regarding the exchange rate regime.”Nobody was talking about how much money they are going to issue to pay interest,” he continued.

For Guzmán, the announcement “is telling people the opposite of what it said.” Milei that if they approved the Bases law the economy would go up, well, now it doesn’t. Now you’re going to have a bigger recession.” “What the government is telling us is that we are going to be worse off for longer,” he warned.

In parallel, the former minister said that The market “tells the government ‘I don’t understand you, the problem is somewhere else, I don’t like this’. And in the end, what we see is proof that this is of no use to Argentina.”

Regarding the elimination of the COUNTRY TAX As Caputo promised this Wednesday, Guzmán assured that “They are not going to lower it, for now”according to what the minister himself announced at the conference on Friday.

On the other hand, he assured that “There is a huge hypocrisy” on Milei’s partwho “says one thing and then contradicts himself.” And he gave as an example the reimposition of the income tax, despite the fact that the president himself voted to eliminate it in 2023.

Regarding the recovery of the economy, the former minister acknowledged that “it is true that the accounts had to be put in order” but “there were many ways to do it.” “The V-shaped recovery that they were talking about, that it would fall sharply and recover, is clearly not going to happen,” he continued, given that “they are attacking people and production, generating fewer opportunities.”

The former official of Alberto Fernández’s government also referred to the place that the opposition occupies in this context and ruled out a possible candidacy in the next elections: “I don’t think in terms of a position, but rather in terms of occupying a place in a space. I help provide content for the construction of a Peronist government program for the progress of the country.”.

Source: Ambito

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