From this column it had been said literally what the president and the minister expressed: “any improvement would jeopardize subsequent compliance and / or demand citizen efforts”, higher than the current ones that the Government was not going to compromise. In January, we maintained that Guzmán is a “world class” and he did not come to leave his convictions at the door of Columbia or of Gymnastics and Fencing in La Plata. We indicate: “It will cover everyone’s mouth (January sphere.com). Did. The minister’s comments are excellent in New York. Nobody is a prophet in their own land. Here he continues to be mocked and dodge the bullets that try to steal an additional dollar.
Curros and achievements
In this time we have learned the difference between undercover operators and the academic and practical experience of what they have is not for sale.
The crowd of macro-ecolobbists and “outgoing envelopes” communicators helped to improve the offer. You do not have to take away merits. The job paid off.
Although in this moment there is no rush to close, everything is about to caramel. Greed was winning but fear grows. The rebound of the pandemic is turning around.
After so many pressures, if the government manages to restructure a significant percentage of the debt without giving in, it is an achievement. We will have to accept that a great step has been taken. In 2005, the agreement was not closed with everyone, where it reached 93% (2009). Meanwhile, we grew at 7/8% for 8 years in default, with a lower country risk than between 2015-2019.
Disruptive violence: “The stigma of the stream”
The damage inflicted on the country by the default or reprofiling of the debt of August 2019 was already done. We left the default in April 2016 to default on debts in 28 months. A difficult record to match in the world. Worthy of the Guinness pages, the same as asking in 2 years for around US $ 110,000 million for a country that owes US $ 200,000.
To think that they ruled with the mantra “stole everything.” A dark businessman who repeated the “violent god pays”, like the one of the Argentine Post Office and the one of 1982 that Cavallo paid for, transferring it to the whole of society. This time he played hard. The famous Carlos remained as “a Carlitos”. We relate it to the stigma of the stream. The one who breaks and does not pay, “purely handsome.” Title of a film awarded with the Oscar in 1956, where the protagonist grew up in a marginal environment, had a difficult childhood, because of his father. The young, blue-eyed Italian-American (Paul Newman) joined one of the neighborhood gangs to undertake a long, patibular activity. Later with a completely new life and married to a charming lady, he reaches the top, discovering the best way to carve out the future: through sport …
Far from returning to the world, in 2018 the best team of the last 50 years became the laughingstock of the universe and make me cry from the Argentines. There was never “investment rain”, rather, investor confidence was destroyed. A historic opportunity was lost, as copyists often say.
Start over in numbers
Argentina aspires with this debt renegotiation to regain lost ground between 2015-2019. If it were to reduce at least $ 30 billion in payments, we would be recovering less than a year of currency leakage 2017-2019. A saving of 30,000 million dollars represents around 10 points of GDP. A disjointed sample of the dilapidation that the government of the Alianza Cambiemos proceeded. We would save twice the dollar deposits that the private sector places today in banks. A piggy bank that contains around 3 times the freely available reserves left in the BCRA on December 10, 2019 flourishes. It would embody more than a year and a half of imports at the volumes of recent months. Twice the fiscal effort applied to the pandemic. Equivalent to more than the entire fall in GDP in 2020, 4 times credit to the private sector in dollars, 3 times bank reserve requirements in dollars.
Last week the minister with a rigid countenance, immortalized in a leap by agreeing with the vulture funds (representative photo). He detonated inflation and recession, spoke of “green shoots” with incredible cynicism. We cannot omit, insolent and brazen like all of his gang, he said “it seems to me that the Government offered more than necessary.”
It seems to us something else, this time we saw library, talent, values, coexistence, acceptance of the rules of the game, respect, teamwork, discipline, effort and humility. I think Martin Guzmán should pass the opinion of that rabble through the triumphal arch.
Postgraduate professor at the UBA and Master’s degrees at private universities. President of www.hacer.com.ar. Master in International Economic Policy, Doctor in Political Science, author of 6 books. [email protected]
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