The Limited Times

Now you can see non-English news...

The dollars that Massa seeks in Washington the Fund wants to negotiate with his possible successors

2023-04-21T22:53:18.212Z


They are disbursements for next year. The informal 'contacts' of economists from Larreta and Bullrich with the IMF and the Treasury. Alberto got off and in La Rosada some are already painted orange.


How is the situation?

a member of La Cámpora asked Massa via WhatsApp.

"We are hostages," the minister replied.

Massa feels hostage because the only way to get out of this trap and stop the run is

to have dollars that he does not have

.

He went to Washington last week and heard the Treasury and the International Monetary Fund ask for the same conditions.

He needs them to advance to Argentina part of next year's disbursements so that there is a positive balance of about US$4,000 million.

“But at this point, before making a decision,

Washington first asks those who are going to succeed Massa

.

The informal contacts they made with the opposition indicate that there is no chance of guaranteeing an extra loan to this government unless it commits to doing the dirty work,” the economist from an international bank in the United States

told Clarín

.

This newspaper checked the version with economists of Patricia Bullrich and Horacio Rodriguez Larreta and both acknowledged informal contacts with the IMF and the Treasury.

"If there is extraordinary assistance,

there must also be an explicit and public agreement with the opposition

.

If they help the government, they have to do their homework,” they say.

Quick translation: they are the ones who have to devalue, adjust rates and raise interest rates.

That's why Massa feels hostage

.

"For Argentina, generosity with nothing in return is over," said an Argentine economist in New York.

"There is a possibility of an orderly exit with an agreement with the Fund as mediator, but it is a very narrow corridor through which everyone has to walk cautiously because if one changes the pace, the corridor becomes Gate 12."

"For there to be a package of fresh funds, the next government has to endorse the measure, because before an electoral period so close,

the agreement must be with Argentina and not with a possible government

," Alejandro Werner, a former Fund official

, told

Clarín

. .

Seen from Washington or Wall Street, Argentina entered a parallel universe in which if someone said that next week the dollar will be worth 600 pesos, it would seem plausible.

The "Aracre-gate" this week only added fuel to the fire.

Massa never got along with the former CEO of Syngenta and even less when Tony began to set up meetings with businessmen for Alberto and memos with his own ideas, such as the exchange rate split.

On Monday Aracre had lunch with the president and commented on "anti-inflationary measures."

No one ever thought that Aracre could replace Massa

.

The species is childish because, if it had been so, any businessman would have called the Minister of Economy to check it.

Basically, Massa's anger is directed at the President:

he is annoyed that Alberto continues in contact with the late Martín Guzmán

and that he stimulated the proposals of his Chief Advisor.

The true story was like this: when the 7.7% inflation was revealed on Friday, Aracre sent a message to Alberto urging him to do something.

He proposed a meeting with Massa, Pesce and Rossi for the weekend.

Alberto told him that Sergio was not there, but that he should send him his proposals.

"I already sent them to you three weeks ago," Tony told him, disappointed.

On Monday Alberto asked Aracre to consult his proposals with two people, one of whom was Marco Lavagna, very close to Massa.

At noon Aracre and Alberto have lunch at the Casa Rosada.

On Tuesday there was a whirlwind of rumors: Gabriela Cerruti, who also hated Aracre, convinced the President that it was Tony who leaked what was discussed to the media.

That afternoon, Aracre writes to Alberto: "

That's it, I'm going home

. "

"Do what you want," Alberto replied, not trying to hold him back.

In the following days both continued in contact and Aracre promised not to spread the discord paper, although he did clarify that his proposal was not to devalue 60%.

“I can sin innocent, but I did nothing of what they say.

I wanted to help.

It doesn't make any difference to me, personally, to be sitting in the Casa Rosada.

But if they continue to operate on me, I'm going to talk

, ”Aracre now says in private conversations.

The absence of a candidate on the part of the ruling party helps make the waters go down cloudy.

As expected, Alberto announced this Friday that he was stepping down from re-election. All Thursday night a team from the president was editing a kind of seven-minute clip giving the news.

The President's plan B is no longer the Pichichi: he was upset when he saw him in a photo with Mayra Mendoza.

Daniel made three videos and one cumbia and he measures the same as Alberto and Massa”

, they say in the Government House where opinions are divided and half have already dressed in orange.

But Alberto has a Plan C: the chief of staff Agustin Rossi.

Ok, not a great plan.

look too

After Alberto Fernández's refusal to go for re-election, who are the ruling party candidates who are still standing

Last moment: the President promised that he will concentrate on management

Source: clarin

All news articles on 2023-04-21

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.