The president of the Chamber of Deputies indicated that the minister will take a more rigid stance. “He gets tired of being bullied and fights with everything,” he said
By iProfessional
25/04/2023 – 21,05hs
After the skyrocketing of the blue dollar, which registered an increase of more than 30 pesos in a single day and came to trade very close to $500the president of the Chamber of Deputies, Cecilia Moreau, warned the markets about a possible -more rigid- position of the Minister of Economy, Sergio Massa, in order to control the macroeconomic situation.
“There are some players in the market who only know Massa who works 16 hours a day and talks to everyone, but it seems to me that between now and Friday they are going to discover the one we know in politics, that when he gets tired of being bullied, he fights with everything he has,” Moreau published on his Twitter account, referring to his predecessor.
Moreau warned markets against a tougher stance
The statements by Massa’s successor in Congress come after the President summoned the head of the Central Bank to the Casa Rosada and issued a timid statement in a critical economic context. Only this Tuesday would the statements of Alberto Fernández himself and that of Sergio Massa arrive. Both were on Twitter and agreed that “they will use all the tools of the State” to control the skyrocketing of the dollar.
Along these lines, the head of state received dozens of questions about his statements on a radio program -very far from economic reality- and blamed the right, also through his social networks. “We are witnessing a permanent practice of the Argentine right. First they install rumors in the morning, then they operate throughout the day and when the afternoon ends, they withdraw their profitability from the exchange market and hurt the savings of Argentines and Argentines “, he assured.
Following the statements by Massa and the President, added to the support of the International Monetary Fund (IMF), the markets began a slight process of calm.
With unbridled blue dollar and rejection of Kirchnerism, the future of Pesce is defined
If there is an impartial arbitrator within the Alberto Fernández administration that judges what was done by the head of the highest monetary authority in the country, the Banco Central, It will not be any of the members of the Frente de Todos but the pragmatic diplomacy that is deployed in Washington, USA. Especially in a context in which the blue dollar continues to exert strong pressure and is already close to $500.
Massa will have to contain the currency run, which was expected closer to the elections.
Because the continuity in his position as the economist Miguel Angel Pescewill depend on the confidence that it arouses among the officials who respond to the Democratic president, Joe Biden, who have been receptive to saving Argentina from a financial tragedy of proportions and are analyzing the possibility of granting a loan of the order of US$5 ,000 million to u$s10,000 million, through the International Monetary Fund (IMF), which will serve to reinforce the meager reserves of the Central Bank.
If this possible disbursement materializes, the North Americans do not want to hear or read about disagreements over political reasons and economic implementation between the authorities of the Central and the leadership of the Ministry of Economy of Sergio Massa.
