Ezequiel Burgo
08/15/2020 - 23:44
- Clarín.com
- Economy
The errors in economy not only cost money. Also wear and tear and bad expectations . And those who are most exposed are the presidents. Yesterday morning Alberto Fernández revealed that he was going to "study" a possible restriction on the purchase of the saving dollar. At the same time, the Deputy Chief of Staff , Cecilia Todesca , said "we are going to evaluate it" on the possibility of applying more restrictions.
The words from the Casa Rosada came a day after the Central Bank said that, for now, there was no progress in restricting the purchase of savings dollars. Do Fernández and Todesca think one thing and the Central Bank another? Some of that is there. But after a few hours, sources from the Ministry of Economy, ended up giving the final touch to the day. "There will be no extra restrictions on the saving dollar, the quota of US $ 200 per month will remain in force . "
Beyond the fact that the Government perhaps managed to defuse an error in time (announcing a restriction before an opposition march), it was also revealed that from the President to his officials, all of them talk about the economy and, in this case, the most important issue: the dollar.
The atomization of economic driving encourages these types of episodes. Who manages the exchange policy in Argentina? Are the Ministry of Economy and the Central Bank aligned? How? Did you agree on a plan and budget? Which?
The government of Mauricio Macri was imprisoned for a good part of his term in a fight between the Chief of Staff, ministers of economic areas and the Central Bank. They all had a vision of the economy. Beyond the policy guidelines, the degree of effectiveness and power of a program is lower the less coordination exists between the parties.
If someone was wondering who ran Macri's economy, it is legitimate to ask the same question now. As Argentina suffers a severe deterioration of its technical and career cadres in the Ministry of Economy and the Central Bank, economic policy is always caught in a perverse tugging and struggle of personal ambitions of the officials on duty who often seek only their glory personal. The more hands on the plate, the less clear it will become who conducts economic policy. It happened to Macri. Does it happen to Fernández?
