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The strong criticism of a former Kirchner official: 'The economy is all broken and people are starving'

2021-05-31T04:04:45.249Z


Emmanuel Álvarez Agis, Vice Minister of Economy in the last government of Cristina Kircher, warned that in the national Executive "there is no economic plan."


05/28/2021 12:49 PM

  • Clarín.com

  • Economy

Updated 05/28/2021 2:37 PM

Emmanuel Álvarez Agis

,

who was Vice Minister of Economy in the last Government of Cristina Kirchner,

warned this Friday that "the Argentine economy is all broken and people are starving."

In addition, the economist criticized Alberto Fernández's management because "

he has not communicated a typical anti-inflationary program

, nor has he put it on the table."

"There is no money, the Argentine economy is all broken and people are starving," Álvarez Agis said in statements to

Con Vos

radio

, questioning that to combat inflation "Argentine society seeks

solutions in the short term

."

In this framework, the economist stressed that

a "Boca-River" logic

works in Argentina 

, and exemplified: "It doesn't matter what the other does, if I'm on the other side of the crack, I have to go the other way."

"If Alberto Fernández announces an anti-

inflation

plan, on the other side of the crack

they will answer that inflation is good

. If he does nothing, they will tell him that he needs an anti-

inflation

plan," he said.

For Álvarez Agis, "there is no economic plan" laid out by the national Executive, and he stressed: "The Government has explicitly said that it does not believe in economic plans. It seems incredible to me. It is like discussing

the importance of water for navigation

."

"It seems

unusual to me

that we are discussing whether it is important for society in general, companies, unions and basically the world to understand where Argentina is going," he shot.

Referring to inflation projections, he emphasized: "One thing is for the government to say 'inflation this year will be 29%' 'and then reality shows that

it will not be like that

, and another thing is for it to say' We are going to bet on 29 but if the soy is at $ 600 we are going to do one thing or another. '


"The Government has explicitly said that it does not believe in the economic plans. It seems incredible to me," Álvarez Agis.

In addition, he considered that it is "evident" that the government's plan to

lower inflation is "not there

," and added: "A serious problem that Argentina has dragged, at least since 2010, you will not be able to lower it with some measures you take when things slip away from you through some particularly sensitive places for people's pockets. "

"The anti-inflationary programs are like the subways. You announce them, but hopefully

the next government inaugurates them

. They are things that take time to mature, they do not bring immediate benefits," he said.

Along these lines, the economist continued: "If you announce such a plan you have two problems: in the short term, you are not going to bring inflation to single digits per year; if you try to do it

You run the risk of

wearing it

as

your hat

as happened to Cambiemos, which was looking for single-digit inflation in four years and ended up with 54 points. "

Álvarez Agis assured that

"The Argentine economy has been stagnant in inflation

higher and higher numbers ",

and he stressed: "We are not going to go down from 50% inflation

by playing dumbass

." 


"As an economist, analyst and person [who is] interested in public affairs, I would be

ashamed to

stand in the middle of La Matanza and tell people: 'Look, you have to grow slowly, at 3% for ten years in a row, and if that happens, one of you is going to get a job in 14 years, '"he said.

Regarding the way in which inflation can be "attacked", the former Deputy Minister of Economy pointed out: "Two issues must be differentiated with respect to the attack on inflation: measures with

palliative effects

of an inflation that is accelerating and is particularly intense in food and supplies, what an anti-inflationary plan is. "

Finally, he considered that "

postponing decisions

conspires against the objectives" of the Executive, and detailed: "People need you to spend a lot of pesos because we come from eight years of stagnation, two years of recession with [former president Mauricio] Macri, a year of coronavirus ".

"You need people to get more pesos in their pockets, but you can't do it because you don't have dollars. The point is

'get the dollars,'

" he concluded.

LGP


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Source: clarin

All business articles on 2021-05-31

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