It is necessary to urgently and coherently communicate to the bulk of the population what is the course that the Palacio de Hacienda intends to trace forward. In addition, make use of the means at your disposal, of all those you have available, to bring certainty to the population. A first step in this direction was taken by the Minister Silvina Batakis in the first days of management. But much more collaboration and coordination is needed from the entire economic cabinet and, mainly, from the president Alberto Fernandezthe vice president Cristina Fernandez and technical teams.
What I am trying to say is that the marginal price of the dollar It is, in addition to the emergence of a market with little depth, a political variable that tries to influence the social climate and, ultimately, erode the possibilities of an orderly exit to the complex exchange and financial front that the Casa Rosada faces and that hurts enormous to all Argentines who live on an income in pesos.
The excessive and permanent markup of prices is also another way of eroding the Government. The “war on inflation” declared by the president seemed to be halfway done. Oligopolistic companies are quick to stand out above expectations and SMEs act, logically, in the same way as their suppliers. The importers play their game, the agro does the same. Everyone makes decisions that are also influenced by the value of the dollar and the emerging limitations of the Casa Rosada, which seems to be coming slowly. Former Minister Guzmán left a scenario of extreme vulnerability on this point and on others. The economic cabinet seems to have serious problems coordinating decisions.
The Government must incorporate numerous tools immediately to try to mitigate the effects generated by these destabilizing actions. It must do so not only to counteract the opaque game of those who seek to cause harm every day, but also to defend the purchasing power of Argentines, one of the mainstays of social justice. The inflationary impact on food must be managed, quantified. The Government must also give a clear message of order in the public accounts, but above all, expose what are the disastrous mechanisms that have been weakening state management based on the lack of foreign currency and tax avoidance and evasion. The mediocre administration of the instruments that the State already has to stop all kinds of speculation seem not to be used at all.
The plan outlined by the IMF leaks everywhere, very far from the “magic solution” for all the problems that plagued the local economy. Georgieva fails with the Government in this exchange and inflationary run. The silence of the international organization is surprising in this context. It could be pointed out that they watch, in the distance, the economic and financial decomposition.
It is clear that it is not something simple. The international context, the war, the past pandemic and the appalling financial and economic management of Cambiemos still persist in the problems that Argentina faces. But it will also be necessary to insist that the Government cannot accompany the events that are taking place. There are enormous interests involved, not only in generating destabilizing effects on the social climate through means linked to the price of the dollar, but also in generating uncertainty in the estimates that must be made, every day, by economic agents, that is, workers, retirees, pensioners to ensure their subsistence. The Government cannot outline a weak response to the speculative and destabilizing attack that is taking place.
Source: Ambito
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