Leandro Santoro: “The agreement with the Fund does not guarantee anything, but a default does guarantee you a disaster”
“The agreement with the International Monetary Fund (IMF) does not guarantee anything, but a default does guarantee a disaster”, emphasized this morning the national deputy of the Front of All (FdT), Leandro santoro, in the preview of the meeting of the Minister of Economy, Martín Guzmán, and the governors to talk about the negotiations with the international credit institution. In radio statements, he stressed the importance of reaching a “sustainable” understanding and warned about the consequences of failure in this task.
When consulted in Radio With You On the Government’s priorities in economic matters for the year that begins, Santoro said: “The first thing to solve is the debt. The great corset of the Argentine economy is the recurrent absence of dollars. There is a structural problem and that requires having a series of policies ”. He then remarked that this situation it got worse in recent years with the “irresponsible” loan that the Government of Mauricio Macri took with the IMF, which is trying to renegotiate the current administration.
However, the deputy considered that reaching an agreement with the IMF “is a necessary condition, but not sufficient” to prop up the economy. In that sense, it evaluated: “The agreement per se ensures the growth and economic development of Argentina? No. Now, a default? If you don’t have the dollars to pay and the financial market finds out about it and goes against the peso, stability and development are impossible ”.
In this way, he described the need to renegotiate with the credit institution as “a problem, because the measures he proposes are contrary to the idea of economic growth” and stated: “That is why the agreement is delayed so long, because the Government is trying to build conditions of sustainability. Per se [el acuerdo] it does not guarantee anything, but default does guarantee you an economic disaster ”.
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