Álvarez Agis: "Macri has put all the arguments in jeopardy …

The former Deputy Minister of Economy, Emmanuel Álvarez Agis, said the government should take steps to "control the dollar" while warning that the economy was "on the verge of "Collapse" in the days following the PASS last Sunday. In this context, he felt that "the conversation between Alberto Fernández and Mauricio Macri was central".

The economist explained that the contact between the Todos Front candidate and Macri was important "because the market was in a situation of panic, due to a very strange reaction from the President and the President." an unprecedented institutional situation ". more important two tildes of the cat (WhatsApp) than the 20 billion reserves that the Central Bank must intervene. "

Álvarez Agis said that "we do not yet know how serious the crisis is" and that taking wrong measures can "bring up the phenomenon of financial instability we are experiencing". According to the former head, the Macri government "should control the dollar" to "stay at 55 pesos".

For Álvarez Agis, "Monday and especially Wednesday, the dynamics observed in the foreign exchange market was really very worrying." He felt that if next week you can "show" the dollar in the order of 55 pesos and "the drainage of the deposits" is stopped, in this case "you can begin to make an badessment of what will be the damage and the amount of power of purchase that will fall." He added that " there may be an emergency plan "and" the opposite has more to do with electoral issues than with economic problems ".

About what Macri said in the hours following the defeat of PASO's ruling party, Álvarez Agis said that "the president has put all the Argentineans in danger and has generated a very complex financial situation". He also warned that "to the surprise that the election result market had had, a president was added that seems to say" now they will see what it is to suffer slowly. "And in that sense" the economy was about to collapse. "

On the balance sheet of the week, he pointed out that those who had bought dollars on Monday or Tuesday had lost money because of the high price of the exchange rate on Friday, before the elections.