“I arrive Serj Massa“, say Argentines, confident in their ability to get out of the well to this country’s battered economy. Skeptics, “Is it going to 2023?” he asks. The Peronist government depends on the success of the new “super minister”. The perception on the street is more heterogeneous. “A sea of uncertainty,” the newspaper said. People about their chances of avoiding collapse. “Expectations are against reality,” he said. financial area. besieged president Alberto Fernandez clings to its possible success.
Fernández supported Martín Guzmán in the economic portfolio for almost two years and International Monetary Fund (IMF) to refinance the $44,000 million requested by the previous Administration. Silvina Batakis replaced her for less than three weeks: she swallowed it the rise of the dollar and inflation, If it is not stopped, it will end this year in triple digits and drag the brand new star of Argentine politics.
The president considered the “capacity” and “courage” of the man who could save his government or be just part of the declared collapse. He also called for the unity of Peronism, a political movement that made its own civil wars a sport “to move forward”, incorporating left-wing and conservative expressions.
For the moment, the markets have been merciful to a minister who has come to do almost exactly the same thing as his predecessors. What sets it apart from Guzmán and Batakis is that despite his promise not to devalue the currency, he will be even tougher and “grow by inclusion”, aforementioned. Desires have a limit: reality itself. Massa must control the price of the US currency, which is the main factor in the escalation of inflation, strengthen the depleted central bank (BCRA) coffers, and at the same time reduce the fiscal deficit. In the coming weeks, he expects the main exporting industries to liquidate their sales and enter approximately $5,000 million into the BCRA on the basis of unheard-of concessions months ago. In return, Argentina will receive 1,200 million from international organizations in the same currency.
conflict fronts
The minister promised Maintaining goals agreed with the IMF who so criticizes the vice president’s circle Cristina Fernandez de Kirchner. In this regard, he assured that the first contacts with the organization were “fruitful”. Massa called for progress in drastically reducing subsidies for gas and electricity prices. Senior Personnel Association of Energy Companies (APSEE), a “fee” and that it would be “a hoax to the public.” The other side of the hidden conflict is social movements. The economic portfolio aims to better use the money invested in social schemes distributed in a 40% poor country. These sectors are afraid of pruning and are already showing their teeth.
Massa also has “expectations” of his own: if he avoids the collapse announced by the financial gurus and the right-wing opposition, he will be in a better position to fulfill his most cherished dream, thereby becoming a competitive candidate. In the 2023 presidential election, Fernández de Kirchner confirmed his arrival as Minister of Economy. During his first government (2007-2011), he appointed him prime minister. They finally came face to face. In the numerous Wikileaks documents on Argentina that journalist Santiago O’Donnell revealed in his book ArgenleaksMassa told US diplomacy that he hated the Kirchners. The anger was mutual and lasted for years. They eased their pain to beat Mauricio Macri at the ballot box in 2019. In these unpredictable hours, they too are allies. Together they succeed or fail.
put your hand on your shit
“he is a great leader What does Argentina need,” said Malena Galmarini, the wife of the new economic helmsman. There is no shortage of observers who compare Massa’s arrival in the Peronist government with what happened to the sociologist. Fernando Henrique Cardoso In 1994, when he became Minister of Economy to Brazilian President Itamar Franco and stability plan is still preserved in the neighboring country. Inflation rose from 1.100% to 1% in one year. Cardoso was victorious in the crusade, and the Brazilians handed him the presidency in elections held against him. Luiz Inácio Lula da Silva twice.
Cardoso is an important intellectual who had a strong influence in the region in the 1960s. Massa has a very modest library and is not known to have a particular fondness for books. But no one doubts what Fernandez calls “courage”, which some analysts describe as the audacity of proportions in trying to take charge of an unstable economy. His wife was already expecting this: He will do the impossible to move forward. “If you have to get your hands on shit, you should.“.