The New York Times holds Macri responsible for the …

In line with other international media that echoed the economic crisis in Argentina, a New York Times opinion piece categorically denied that the election results of the OSP were the trigger for last week's brutal race.

"Who is responsible for the economic crisis in Argentina?" The article is written in the Spanish version of the American newspaper. There, deny the arguments of the first reaction of the Macri to hold the voters responsible for the race
Mark Weisbrot states that "From the point of view of an economist or a social scientist, it is difficult to understand why we should fear Kirchnerism". The Macri cycle is coming to an end and its rivals have defeated it in the Primary "This is not something negative in itself for the economy", according to the economist, who defines the legacy of economic macrism as "a desaster".

In the note
Weisbrot, co-director of the Center for Economic and Political Research in Washington and president of Just Foreign Policy, badyzes the interpretations of the two models in conflict after the crisis that erupted last Monday.
, after the hard electoral defeat that the candidate of All Front, Alberto Fernández, gave to Macri.

«The Fernández coalition
He attributed his victory to the failure of Macri's economic policy, which was blamed for the country's economic crisis, recession and high inflation. By his side, Macri says the fear of a future Kirchner government was at the root of the financial turmoil after the electionsas well as economic problems since taking office more than three-and-a-half years ago, "says the article, which also evokes the campaign against the Macri fear, which "He claims that consumers and markets should fear this result".

Although at the beginning he does not privilege any of the two interpretations, the journalist does not hesitate to describe Macri's speech as "Chorus", which concerns "a frequent attack line" used by "Countries where economic policies have failed against center-left opponents"as in the United Kingdom, Spain, France and Greece.

Weisbrot explains that financial markets can be changed for many reasons, and points out that in the case of Argentina, it is "the electoral defeat of a government whose economic policies have clearly failed and a victory for rivals stemming from a period of solid economic growth and widely shared. " In this section, he mentions that "while the most important economic and social indicators are observed, the Kirchner governments have been among the best performing in the Western Hemisphere". It also refers to "certain mistakes" made by this government.

However, later, it makes a marked difference with Macri's four years of government citing the debacle of economic indicators. "Poverty has increased dramatically, per capita income has declined and unemployment has increased. Short-term interest rates have risen from 32% to 75% today; Inflation rose from 18 to 56%. Public debt has risen from 53 percent to more than 86 percent of GDP, "the journalist said.

An entire section is dedicated to the agreement signed by the president with the International Monetary Fund, which he defines as "the biggest financial rescue of the IMF's history." Weisbrot says directly that the contract "failed" and supports him with specific details of the measures taken by the government to comply with the agreement.

"The result was an almost constant recession and high inflationin addition to the huge interest rates, the depreciation of the peso, the financial instability and the huge accumulation of public debt, "he said after discussing the consequences of the adjustment policies applied. "The increase in debt is particularly worthy of attention because Macri has inherited a low level of public debt," he added.

All this information is included in the subtitle that asks "How much of this economic crisis and this poor performance goes to its predecessor?"

Finally, the reporter describes the difficult economic scenario that awaits a potential new president in case the results of the PASS at the October elections are confirmed.

"The candidates Fernández – Alberto and Cristina – will have to explain how they plan to get out of this disaster. They can explain how Argentina has recovered from a much deeper economic crisis, with an unemployment rate more than double that of today and in which millions of formerly middle-clbad people had fallen in poverty. They can badure lenders that there is no reason to default on the public debt today, as was the case in the past, because it was then quite impossible to pay. However, as in 2003, the economy can not recover under the conditions agreed with the IMF, so they will have to renegotiate, "he recommended.