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Carlos Melconian: "In Argentina, debt is synonymous with drugs and is valid for many governments"

2020-02-18T02:47:43.199Z


The economist also warned about the "serious problem" facing the country through the retirement system.


02/17/2020 - 23:28

  • Clarín.com
  • Economy

Economist Carlos Melconian warned tonight that "in Argentina, debt is synonymous with drugs and that is valid for many periods and governments" and described both the financial front and the sustainability of the pension system as the two "serious problems" facing the Country in the near future.

" The debt is drug in Argentina, because it was misused, as it was to address an unsustainable fiscal and spending situation at various times. This is valid for many periods and for many governments," said the former president of Banco Nación, in an interview with the channel Todo Noticias (TN).

Melconian stressed that "to have a debt problem is to live in the abnormality," which he attributed to "a reputational problem, which has not had the ability to find a solution. It is a problem, an obstacle and an obstacle to growth."

On the negotiation with both the Monetary Fund and private creditors, the economist made a difference: " one thing is the voluntary markets and another the IMF as an organization ."

“The Fund did not grant - nor will it ever grant - in renegotiation processes. Nobody can think that Alberto Fernández or Cristina Kirchner ignore that, because the IMF is a club that works that way, with those rules, that's why I think that putting it has more to do with politics, ”he said.

On the issue of retirement and the pension system, Melconián stressed that both the government of Mauricio Macri and the current Alberto Fernández applied an " adjustment " in retirees: "One eating a quarter of increases and another applying an ax in half that charges more. "

For the economist, both the debt and the pension system are the two "serious problems" facing the country. " We have serious problems, what happens is that the debt has no owner and we can say 'no payment' and nobody gets screwed and here there are eight million people who cannot be told that . That's why I think the whole policy is going to have to put on long pants to solve them. "


Source: clarin

All business articles on 2020-02-18

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