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"The challenge is to park the ship alongside," said the Minister of Finance. Hernán Lacunza, and expanded the dictionary of euphemisms
officers to explain the capital control measures
decreed by the president Mauricio Macri. While the government dances on the cover of the economic Titanic that it has generated, Lacunza confessed that the measures are "uncomfortable" and does not correspond to "a normal country" and has tried to calm savers: "The reserves cover all potential demands ". The minister hoped to avoid the sinking, but had canceled the press conference scheduled this morning and had fled with the entire Cabinet to Casa Rosada pending the opening of the markets.
"Argentina looks like a circle in which it returns from time to time in the same port.It is not the port we dreamed of.While during this government, we have worked a lot in the engine room of ship, but the dining room was missing. "message from the polling stations," Lacunza defended the leadership of Cambiemos in defense, which echoed the "invisible growth" presented by Macri at the opening of the sessions. 2018.
The minister, in talks with America and El Trece, acknowledged that the measures go against the liberal orthodoxy with which Macri had promised "a rain of investment" and a drop in inflation. "These are not typical measures of a normal country, and they are uncomfortable for us," admitted the Treasury Chief.
However, Lacunza sent a message to Cambodians who might feel betrayed: "If we do not do it and the exchange rate goes up, the consequences are more serious as inflation and poverty increase, as well as inequalities. . " A year ago, Macri made a similar confection: "I must be calm because if I go crazy, I can hurt them"
.
Lacunza acknowledged that despite urgent measures taken by the government after the "palazo" received in the OSP, a "crisis of confidence", "an uncertainty" persists, he also tried to Send a message to savers: "the bookings cover all potential claims" and guarantee depositors that they "have the right to dispose" of their money.
The minister had called a press conference at the Ministry of Finance at 9 am to review the decree issued in the previous superclbadical decree and waiting for the opening of markets. However, with the dollar at 65 pesos in online banking before 10am, Lacunza reworked his agenda, canceled the conference and went to Casa Rosada to continue the financial day with all Cabinet.
A few hours earlier, in surfing on television, Lacunza tried another metaphor for those who did not understand the idea of the ship in the middle of the "storm", as the President repeated. "It's like a family that lacks credit and the parent has to cover the boys 'food, slippers, and the payment of credit charges for something he bought." The boys' food is the deposits, the slippers the exchange rate, and the credit tax must wait. "
The minister ran out of rhetorical figures on the blue dollar that he tried to deny, "it may be that a parallel exchange rate appears," and invoked an old belief of the former minister Alfonso Prat Gay that it could affect a further rise in the dollar, "There is no need to switch to prices."
There were also no metaphors for talking about the IMF – which badyzed the government's measures
approve the latest disbursement – and ensure that it has been "communicated by telephone" to explain to the international organization the "basics" of the decisions.
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