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"Who is responsible for the economic crisis in Argentina?", is the title of the text written by the co-director of the Center for Economic and Political Research in Washington and the president of Just Foreign Policy, Mark Weisbrot. He points out that "from the point of view of an economist or a social scientist, it is unclear why one should fear Kirchnerism".
It also indicates that Macri's defeat within PAHO and a possible change of command with Peronism "is not something fundamentally negative for the economy" and defines the result of the economics of change as "a disaster".
"The Fernández coalition attributes its victory to the failure of Macri's economic policy, which considers him guilty of the economic crisis, the recession and the high inflation that the country is currently experiencing," he adds. in the same direction.
He goes on to point out: "Macri claims that the fear of a future Kirchner government was at the root of the financial turmoil that followed the elections. the problems in the economy since taking office more than three and a half years ago"
It also qualifies the president's speech as "refrain" which relates to "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.
Then he talks about "the electoral defeat of a government whose economic policies have clearly failed and a victory for power." rivals stemming from a period of solid and widely shared economic growth"
In this section, he mentions that "if the most important economic and social indicators are observed, Kirchner governments are among the best in the Western Hemisphere"It also refers to" some mistakes "made by this government.
It also makes a 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% to over 86% of GDP. "
He then refers to the adjustment applied in the agreement with the IMF: "The result was a almost constant recession and high inflation, in addition to huge interest rates, depreciation of the peso, financial instability and the huge accumulation of public debt. "
"The candidates Fernández – Alberto and Cristina – will have to explain how they plan to get out of this disaster," he warned and continues: "They can explain how Argentina has surrendered the money. a much more serious economic crisis, with an unemployment rate more than double that of today and in which millions of people formerly belonging to the middle clbad had fallen into 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 it will have to renegotiate"
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