The Limited Times

Now you can see non-English news...

Jorge Lanata: a shrinking economy, the future of the stocks and Alberto Fernández's patent debt

2020-08-24T09:43:10.582Z


In "PPT Box", the journalist presented a report on the lack of dollars in Argentina. And it aired red numbers of the President.


08/24/2020 - 1:22

  • Clarín.com
  • Politics

This Sunday, Jorge Lanata presented in "PPT Box" a report on the shrinking of the Argentine economy and the lack of dollars, with his sights set on a possible tightening of the exchange rate hold .

In addition, it revealed how much Alberto Fernández owes patents , just in the week in which the debt of a participant in the opposition march of 17A was released.

The patents of Alberto F.

In her opening monologue, Lanata went over various topics. But she stopped at a particular fact about the President.

The host of "PPT Box" said that Alberto Fernández "also has pending accounts."

Alberto Fernández's car. Photo Capture The Thirteen

"The President owes - he notes - 56 lucas of patent: 56,271 pesos for his car, a Toyota Corolla model 2019," explained the former director of the newspaper Crítica de la Argentina.

To prove it, the journalist showed the vehicle's patent: AD 769 SI. Then he showed the record of the debt in Rents of the City of Buenos Aires.

According to that record, the debt is for the payment of the patent in December 2019 and in February, April, June and August of this year.

"From the day he took office, he forgot to collect the patent. Alberto, you are on time: clap," Lanata exclaimed.

The registry of Alberto Fernández's patent debt. Capture The Thirteen

"Argentinita": a shrinking economy and the future of the stocks

The main report of the program was dedicated to the state of the Argentine economy. "Argentinita, a country that is shrinking and shrinking" showed the problems in the country's productive sectors: lack of dollars , lack of inputs, shortage of imported products and reserves red hot at the Central Bank.

"Companies listed on the Stock Exchange lost 83 percent of their value in two years. We have the smallest financial system in the region. Several auto parts companies, an airline, and there are thousands of bankrupt companies have already left the country," Lanata described .

The economist Fausto Spotorno explained how the Central Bank's reserves are. The outlook was bleak. "There are 6.5 billion dollars of reserves left, between gold and dollars. It is 10 percent of exports."

The report left the situation at the Central Bank behind and took to the streets. There he toured the panorama of various merchants. The technology sector has difficulty restocking items, but they do not want to keep the pesos in hand.

Jorge Lanata: a report on the lack of dollars in the Argentine economy. Capture ElTrece

In addition, as importers retain products, demand exceeds supply at points of sale and prices soar.

The car sales also suffers from the absence of the US currency. Is that, in 2019, 90 percent of the units sold were imported. 

"Come from Brazil or Germany, the cars have to be paid for in dollars," Hugo Belcastro, president of the Argentine Chamber of Importers and Official Distributors (CIDOA), resigned.

With fewer dollars, greater are the efforts to buy inputs , both in industry and in the field. In parallel, tens of thousands of companies close. According to Spotorno, "40 thousand, 50 thousand companies are going to lose" in these months.

The State issues pesos : according to the "PPT Box" report, there are 3,200 bills per minute. In this way, the issue of the "savings dollar" will be put into discussion again after August 28, when the debt restructuring under foreign law is signed.

It is not ruled out that the dollar purchase limit is further restricted , today of 200 per month. Another option, according to the journalist Cecilia Boufflet, is to put more controls on the purchase of foreign currency. There could also be a differential treatment between those who leave the dollars in the bank and those who take them out of those entities.

Criticisms of Juan Grabois and Esteban Bullrich

Two personalities from the political sphere received criticism from Lanata.

First, in the monologue, the television host dedicated a minute to Juan Grabois, who last week suggested taking the patents of the participants of the 17A opposition march to "enforce authority" in the coronavirus quarantine.

"Grabois showed his face. If he doesn't take land from you, he takes the license plate from you. Just Grabois ... Grabois, you had to put on your chinstrap and put on your cap," Lanata told him.

Jorge Lanata in PPT Box chose Esteban Bullrich as the Boludo of the Week. Photo Capture The Thirteen

In the end, meanwhile, the journalist revealed the winner of the traditional award for "Boludo de la Semana".

This time, it was taken by Esteban Bullrich, who in a congressional committee meeting left his desk for a moment and left a photo of himself on Zoom. When they called him to give him the floor, he quickly sat down in the chair, but forgot to take out that virtual background, which was left "guarding" his back, like a shadow.

"It is a kind of 2.0 nap for legislators," Lanata called it.

"Was it necessary, Esteban? What you did was risky and it turned out badly. Esteban Bullrich, can you be so stupid?" , said the journalist.

Source: clarin

All news articles on 2020-08-24

You may like

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.