Silvia Naishtat
05/11/2020 - 22:15
- Clarín.com
- Economy
- Economy
The brand new Resetear group, made up of traditional and innovative entrepreneurs, is making the opposite transition to others: it called together a group of experienced economists and submitted a proposal to negotiate debt and avoid default . In this way they called Daniel Marx, Marina dal Poggetto, Marcos Buscaglia and Fernando Marengo. And so, they began a path to bring the 20-page document closer that the chief of staff Santiago Cafiero, the minister Martín Guzmán and the secretary of Strategic Affairs, Gustavo Béliz already have in their hands.
In their proposal they propose different alternatives such as three years of grace, the same as the Government's offer that was rejected but that can be capitalized. They also mention a similar average reduction but higher payments for debt services until the end of 2023 that instead of the US $ 320 million projected by the Government, rise to US $ 1,320 million . And they talk about considering a price greater than US $ 38 for each coupon of 100 as Guzmán suggests and they recommend about US $ 50 .
But the objective of the document is to draw attention to the costs of a default, They indicate that " if you enter and remain in default, in a scenario of activity decline of around 5 points of GDP, you could lose up to 600 thousand additional jobs in the next years".
They argue that the pandemic is generating extreme financing difficulties in other countries and unprecedented levels of uncertainty, so "we believe that an early sustainable agreement that avoids high costs for the parties with persistent negative effects over time is feasible ."
Among the “high and unsustainable costs for Argentina in the event of default”, the reduction of access and the increase in external financing for both the public and private sectors stand out, “both essential to promote recovery and a sustainable development plan once it has waned. the health emergency ”.
And they propose “stabilizing macro conditions in a sustainable way to mitigate risks of a sharp drop in dollar deposits that could be generated under uncertainty scenarios and certain negative expectations. And it could improve conditions for the local financial system to develop and grow at appropriate levels to allow financing and greater activity in the economy. ”
Resetting seeks to reaffirm itself as a group of citizens with a series of initiatives such as the protocol that presented past days for the operation of nursing homes. Try to expand to add intellectuals, politicians, and even a unionist. They are defined as a transversal citizen network that operates with electronic and plural voting, but who usually lowers the hammer is Gonzalo Tanoira (Grupo Bemberg Miguens) and Maia Scher, former McKinsey, is one of its most active members. It is made up of several of those who make up the WhatsApp Nuestra Voz who are CEOs and owners of technology such as Globant, Mercado Libre, Despegar, OLX, and Federico Braun, Martín Cabrales, Silvia Torres Carbonell, Dicky Smith Estrada, Javier Goñi, Juan Lafosse, Gabriel Martino, Roberto Murchinson, Gustavo Grobocopatel, Rosario Altgelt, Sergio Kaufman, Diego Bekerman, Federico Procaccini, Emiliano Kargieman, Gastón Remy, José Demiceli, Fernando Cinalli and Isela Costantini.