"Macri has shown no ability to handle the situation …

"I'm going to be misunderstood, I think investors, if (Mauricio) Macri, as the next government badumes, they have more time to get their money back, because Macri showed no ability to handle this situation, but at contrary, he aggravated it ". The projection of this projection is nothing less than Guillermo Calvo, Argentine economist based in the United States and a professor at Columbia University. In a dialogue with the press in Chile, where he participated in various forums, he also launched with regard to the upcoming elections in Argentina: "I am not in favor of Cristina (Kirchner) or her people, but I must admit one thing: suddenly, Cristina is the best thing that can happen in the country. "

Guillermo Calvo is, for a quarter of a century, an economist regularly cited in the forefront of Argentine politics and economy. Since before the 90s, he lives outside the country, but his international performance captured the interest of different politicians to summon him. It became known after the 1994 Mexican Tequila Crisis, as it was supposed to predict it. After this award, Carlos Menem imagined that it would be the ideal substitute for Domingo Cavallo, when the figure of the Mediterranean economist was scandalized for challenging the role of Rioja. Calvo rejected the invitation and the incumbent was Roque Fernández. He returned to the front lines in 2002 when, after the traumatic exit of the convertibility and the exhaustion of the direction of Jorge Remes Lenicov, Eduardo Duhalde decided to summon him to fill the vacant position at the Treasury Palace. The interim president and former governor of Buenos Aires also failed to convince him and had to take the second option: Roberto Lavagna. Thus, Calvo has never held a ministerial position in Argentina, but is among the most postulated.

Explaining his political predictions at the current stage, Calvo said: "I think neither of them will make those problems disappear, but a government with Cristina could be more credible than Macri's, which would increase without the power saying "what I did was wrong." The adjustment that will make it will be, in principle, very bad. Macri will need a prestigious personality, but I do not know if these people will want to be part of his government.

A proponent of orthodox adjustments, Calvo did not seek to use subterfuges to express the fact that public employment has grown considerably and apparently ineffectively. So you have to start throwing people into the public sector. "This is also self-evident, no matter which government he will badume, his task will be to apply an adjustment in the public sector.If this is 'a government with Cristina', in reference to one with Alberto Fernández in front , he considers that he will "apply this adjustment with popular support, accusing the previous government" The possibility of a different policy does not enter the radar of the Columbia University specialist 78 years old.

Calvo's lyrics were broadcast by two graphic media in Chile (Diario Financiero and La Tercera), to which he gave two reports. In both cases, he also referred to Argentina's debt to the International Monetary Fund and was convinced that there would be a rescheduling of maturities. "I think the Fund will extend the deadlines, that is no doubt." Argentina is today for the Fund the most important investment it has had … If l & # 39; Argentina does not pay the IMF, the IMF will merge As I said Keynes, when we owe little money to the bank, we have problems, but if we owe much money money in the bank, the bank has problems, "he said.

He also referred to the government's monetary policy. Asked about the reaction of the Argentine Central Bank to the crisis, he replied "false, it would be the shortest answer I can give." He then added "that they had made the big mistake of having a very short-term debt, a huge sum that takes all the reserves." Then they reached an agreement with the Fund, but they have have been repatriated, they do not know where to start or where they are going. " Calvo attributed "incompetence" to the administration of Cambiemos and recalled the conference of 28 December 2017, where "they committed a scandalous thing, that is to say that monetary policy was going to change, they sat Federico Sturzenegger (then president of the BCRA).) in a corner and the chief of staff took the floor.This is a scary thing that has had a very strong impact on the inhabitants of Wall They then lost the confidence of all … The Fund later discovered that it was really dealing with incompetent people, unfortunately, politically incompetent. "