The Limited Times

Now you can see non-English news...

Carlos Melconian's warning: "Election years with fragile macroeconomics and uncertain politics end badly"

2023-02-09T12:02:38.153Z


The economist analyzed the 2023 scenario and assured that "as long as there is issuance and the fiscal deficit is not zero, the debt is going to be a bomb that is there."


The economist

Carlos Melconian

made an analysis of

the political and economic context

that Argentina is going through in the final stretch towards the 2023 presidential elections and anticipated a

discouraging scenario

.

"What is relevant is that this issue of fragile macroeconomics and uncertain politics is not new, it has already happened, it happens in transitions, and if precautions are not taken, it will happen again. Argentine history shows that

election years with fragile macroeconomics and uncertain politics end badly"

, warned the former president of Banco Nación in dialogue with

TN

.

He also explained that "the fiscal deficit is financed with issuance, and as long as there is issuance and the fiscal deficit is not zero,

the debt is going to be a bomb that is there."

Regarding the economic crisis that is plaguing the country, he pointed out that it is a

"cumulative process

".

"If the attack on the Supreme Court did not come, it is not that the economy would be good, but it adds up.

On top of that, truckers.

On top of that, it does not give you 4% inflation and you call Fair Prices to give you 3%.

All wrong.

But it's not just about that. Again, it's a cumulative process." 


Carlos Melconian assured that "as long as there is issuance and the fiscal deficit is not zero, the debt is going to be a bomb that is there."

On the other hand, the director of the Institute for Studies on Argentine and Latin American Reality (IERAL) of the Mediterranean Foundation considered that

"politicians act on an empty stage"

and that, in contrast, 

"people are doing something else

. "

Meanwhile, he maintained that it is necessary for there to be "a process of honesty" between the ruling party and the opposition.

"

Those who want to be candidates for president have to get together

. I do not conceive of the ruling party and opposition. Candidates for president, when they have 20 years ahead of them, are circumstantial adversaries. Today it is your turn and tomorrow it can be my turn. I will that you fix, it works for me," he reflected.

Carlos Melconian assured that Sergio Massa "is postponing the problems"

Carlos Melconian

referred last Wednesday to the management of

Sergio Massa

at the head of the Ministry of Economy, of whom he maintained that he is "postponing the problems" and warned society not to eat "rotten fish" because the next government will have to solve them.

"

Here the problems are postponed

," said Melconian in dialogue with Radio Miter and stated that the arrangements will have to "make the next one and they will throw everything into the campaign."

For the economist, the Government "falls short in tariffs, in dollars, in rents, in transportation, in meat and in salaries."

"Liquefies, does not fix", in relation to the fact that it does not fully attack the problem of inflation.

Carlos Melconian considered that Massa's "stage of stabilizing instability" and promoting it "as an achievement" is "running out."

“The most orthodox of populism are excited that they are being liquefied, but they tell you that

if they hit Massa a lot, Massa falls off

too,” he analyzed, adding that “

liquefying is not a solution

, it is postponing the problem for the next one.”

In this sense, he insisted that the Government "is postponing the problems; that

society does not eat any rotten fish in this round trip of insults

."

Also, he considered that the "stage of stabilizing instability" and promoting it "as an achievement" is "running out."

"I think that now

that string is being pulled exaggeratedly

," he said.

DS

look also

Criticism of the opposition for the elimination of repetition in the Province of Buenos Aires: "Populism is the enemy of education"

Horacio Rodríguez Larreta accused the Government of having "contempt" for insecurity: "There is a very strong inaction"

Source: clarin

All business articles on 2023-02-09

You may like

News/Politics 2024-04-15T11:21:46.068Z
News/Politics 2024-02-27T05:16:22.312Z
News/Politics 2024-03-26T04:34:59.798Z

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.