From Mendiguren: "The macroeconomy is almost better than the US"

The designated Secretary of Production, José Ignacio de Mendiguren, remarked that the new management of Sergio Massa in the Palacio de Hacienda will seek to “take measures that balance” the macroeconomy while preserving “the purchasing power of wages.”

“You have to be clear about where you stand. Right now, if you don’t achieve a certain balance, you can’t talk about any plan and, when you leave a country very weak, it destabilizes with a sneeze,” said De Mendiguren this tomorrow in dialogue with FM Radio con Vos.

However, he emphasized the ways to achieve this destabilization and recalled that, on previous occasions, “when any government began to try to stabilize the economy, the first thing they did was openly for salary.”

“(The former Minister of Economy, Domingo) Cavallo said that, to guarantee the payment of the debt, he took 13% from retirees and he didn’t even blush when he said it,” he recalled.

In this sense, he stressed that the Government “is trying to take measures that balance saying that, as a political objective, is to preserve the purchasing power of wages”, which is why “workers are called again”, he indicated Mendiguren in reference to the call of the Salary Council for next August 18 and the call, announced by Massa, of business entities and workers to seek an improvement in the income of workers in the private sector.

The Secretary of Production defined himself as an “excessive developmentalist”, and said that his “conviction and dream” is that “Argentina comes out of underdevelopment”.

“If there is something that I am convinced of, it is that there is only one way to solve Argentina’s structural problems: by growing and doing so by changing the productive structure because, if it grows and continues to export, 85% of wheat in bulk or 10% of Chile is exported in the mining of the same mountain range, there is no way out”, remarked de Mendiguren.

Although the official stressed that the country is “in an emergency” with “import problems” and a “lack of dollars that brings problems in production,” he indicated that it is not “a structural problem.”

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