The Buenos Aires governor Axel Kicillofconsidered that the Minister of Economy, Sergio Massa“is working well in a very difficult context”, although he warned that “I would not do everything the same” if I would occupy his role. Half support.
“I think it is working well in a very difficult, international, national context. That is why I say, one thought that the pandemic was ending and peace was coming. Instead of peace came war. I would not do everything the same as Massa, but I am not the Minister of Economy“said the Buenos Aires president.
What does Kicillof think of Massa’s management?
Kicillof also expressed his opinion of the repurchase of debt operated by the National Government in the last hours “denotes the situation we are in and that we must have a very precise and permanent management of liabilities”.
“The first thing is that this denotes the situation we are in, which is that the macrismo left us an unpayable debt. Two large actions were carried out on that debt, one was the restructuring of the debt with private companies and a second was a negotiation with the IMF. In both cases they were unpayable,” he said in an interview with The nation.
Whoever was Minister of Economy during the administration of Cristina Kirchner, also gave the go-ahead to Massa’s administration in terms of the inflationary process.
In this sense, he pointed out that the current minister received “an enormous inflationary acceleration of 7.5% and what is happening is that he is accommodating those numbers, which are still very high (as he himself said) but are improving.”
“There is a battery of policies. I heard several, if not almost all, the opposition’s economic referents say that we were going to a hyper this past year. And the truth is that no consultant spoke of inflation of less than 100 percent cent,” he stressed.
However, although he admitted that the inflation inherited from the government of Mauricio Macri and the pandemic influence the growth of prices, he noted that this situation “does not fully justify or explain” the current figures.
ED
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