07/23/2020 - 23:14
- Clarín.com
- Opinion
Wall Street "wolves" reported Thursday thatA debt agreement is imminent and that Argentina was willing to expand its payment proposal . The spokesmen for Manhattan affirmed that the agreement would be done in the following way: both contenders would yield a part of the claim. This would sign the "pipe of peace" between Alberto Fernández and the powerful boss of BlackRock, Larry Fink. Manhattan "sharks" reported that everything is well underway and that there could be an announcement next week. According to this version, the agreement would be located at a present value of 54.9%. Argentina would increase its payment proposal by 1.5% and the bondholders would lower their demand by another 1.5%.
The version made Argentina's bonds and stocks fly again this Thursday . In a bad international financial day, the shares rose to 7% and the country risk fell. But the information caused on the same day an earthquake in the Casa Rosada and a strong crossing of mutual accusations with the "wolves" of Wall Street.
Alberto - in the privacy of his team - directly described the bondholders as "liars" and the "wolves" accused Guzmán of obstructing the agreement . The President's reaction was in response to Jennifer O'Neill, the Blackrock negotiator, who told creditors that the progress was made through dialogues with direct collaborators of the President.
Mention is made of a debt economist, a key Front of All politician and a Secretary of State.
Alberto Fernández urgently requested a report from Martín Guzmán. The minister was specific: he said it was a desperate political operation to twist Argentina's decision not to pay an additional dollar to bondholders. Guzmán maintains that Larry Fink's team built a version of the agreement that has little to do with the reality of the negotiation.
The Government denounces the chief of negotiators O'Neill and Gerardo Rodríguez, because they both deceived the other investment funds last Monday to toughen their positions.
The Palace of the Treasury says that BlackRock invented on Wall Street the supposed "parallel" negotiation with Alberto to unite all the creditors' committees. This bondholders union was an unexpected blow to Argentina.
The pair O'Neill-Rodríguez - in turn - kicked back: they accuse Guzmán (and his mentor Joseph Stiglitz) of being the only stumbling block to close a mutually convenient agreement. This is stated: "Both contaminated the process."
But the attack by the “wolves” on the minister has the opposite effect: in the Kirchner inmate, he strengthens Guzmán. The proof was Cristina herself: this week she issued a tweet in support of Guzmán.
Alberto, at noon on Thursday, ordered to deactivate the versions of the impending agreement. The President said in Olivos: "The offer is not touched a penny . " Alberto's anger is also due to the failure of his government's official strategy of dividing creditors.
On Monday, the "Three Committee of Creditors" sealed a unit and complicated the entire negotiation with Argentina. In other words: they now have the power to block the Argentine proposal. They also agreed on a lethal clause: none can act for themselves and all will move en bloc with Argentina.
The strong short circuit on Thursday between the "wolves" of Wall Street and the Quinta de Olivos reflects that a peak of tension in the negotiation is underway . At the UIA and Adeba they say it is their own peak before the final closing. The two entities expect an imminent outcome: they say it would be absurd for Argentina to default by a difference of only $ 3 in the proposal. Equivalent to 2,200 million dollars in the next 4 years.
In other words: everyone thinks that the last pulls of the key external negotiation are underway.
They also understand that Alberto must overreact, because a good political presentation of the agreement is necessary.
It is already known that the legal negotiation is closed and that it was the lawyer Andrés de la Cruz, from the Clery & Gottlieb buffet, who agreed on the final clauses. It also revealed a key political fact: Cristina supports the immediate closing of the agreement. The vice president reportedly informed Alberto of her decision: the will to accelerate the closure. She supports the latest dabbling and encourages the Casa Rosada not to give up an epic tale. Cristina -in her management- was a generous international payer with the lewd YPF agreements and the - until now hidden - with the Paris Club.
The vice president intervened and blocked a proposal that had the approval of the Chief of Staff. Santiago Cafiero gave free rein to the issuance of 5,000 peso bills. But Cristina stopped the decision with the obsolete argument that these high-denomination banknotes generate "inflationary expectations."
Now, to fulfill its wish, the State is going to spend a fortune in dollars to import 1,000-peso bills. According to the absurd Kirchner theory, the problem is not inflation, but the banknotes that represent it.
The economic criteria of "Christianity" are outdated and that was reflected in the Senate, where Cristina handles everything: the Peronist party frustrated an attempt to correct the serious shortcomings and make a better project of teleworking.
Senator Daniel Lovera listened to the arguments of the UIA and IDEA, but in the end he told them: "We share the shortcomings that they point out, but we will not make any changes." They would have followed instructions from Hugo Yasky and the hard wing of Kirchnerism.
The vice president has a single political obsession: her delicate and complicated judicial situation. Máximo Kirchner accompanies her on that crusade, but she does not share that Cristina publicly marks the field for Alberto . This unexpected political "crack" is discussed among businessmen. The family's spokesmen deny the differences. But the leaders say that Máximo thinks more like Néstor than Cristina.
Businessmen consider the external agreement key. This was stated in the transcendent meeting of the CGT and AEA. The meeting was put together by the pair Héctor Daer-Gerardo Martínez and by Jaime Campos. The Church was not a stranger and Gustavo Béliz would have blessed the videoconference.
The union leadership will repeat the meeting with the UIA and SMEs. Businessmen and unionists are not united by love, but by fear: they agree that the greatest possible consensus must be achieved, to implement a plan to confront the economic “tsunami”. They reject the crack that Cristina and Mauricio Macri propose.
Also, that statist ideas of Christianity must be blocked. The offensive against Edesur does not have the endorsement of Alberto and only the mayors of the Conurbano fire it. Béliz - against Cristina's opinion - wants to build a base of political support.
The secret reports announce social tensions in the Conurbano and a growing wave of insecurity . So the tension with Sergio Berni. The issue multiplied the meetings and the internal ones. Maximo called Berni a few days ago. The minister had to swallow hard : he received it accompanied by Cristian Ritondo and asked him to listen to the experience of Vidal's security minister.
