Eduardo Costantinti, businessman and founder of the Museum of Latin American Art of Buenos Aires (Malba) He said that the dollar “is not in balance” and pointed out that The restriction is not lifted “because it would lead to an increase in value” of the currency.
“It wouldn’t be a galloping increase, but an increase nonetheless. And it would obviously produce inflation and a recessionary effect. in the economy,” Costantini clarified in a television interview.
“They would have to correct the exchange rate, warn that inflation would rise temporarily, continue with a staunch fiscal discipline as an anchor and improve the balance in the external sector. “People would have to make an extra sacrifice at most. It would be a higher rate for one or two months,” he added.
On the other hand, the businessman spoke about the president Javier Milei and identified him as a representative of the “extreme right”. He also admitted that he does not believe in the “V” recovery model that the Government expects, but rather in gradual and sustained growth, which he believes can be achieved “if all difficulties are overcome.”
Costantini highlighted elements of the current economic management
However, he did value the program, the idea of fiscal discipline, but he assured that there are problems in the external sector. “In the flow of imports and exports, we should be in balance generating dollars,” he said. And he said that Argentina “was bankrupt, with debt in pesos and dollars and with negative reserves, but the current administration managed to improve them.” But, he observed as a problem that ““There is still no agreement in sight with the Fund.”
“The population has wanted a change, tired of politics, at least it knows what it doesn’t want. It doesn’t want the same Argentina as always.which has not been able to respond, that we have had 40 years of democracy and, unfortunately, the country has gone backwards in fundamental aspects such as poverty and education,” he said.
And he warned that, “For Argentina to change, a long, difficult process of sacrifice and effort is needed” and he acknowledged that “itThe Government, regardless of errors or unforced errors, is disciplined with public finances.”
Source: Ambito
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