The Front of All has expressed concern about …



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The owner of the Treasure Palace, Hernán Lacunza
, received economic references from the Frente de Todos. Economists Cecilia Todesca and Guillermo Nielsen, who are part of the technical teams of Alberto Fernández
They expressed to the minister their concern over the decline in reserves and the acceleration of inflation. The meeting was held as part of the meetings that the new manager was planning to hold with representatives of the different political spaces. "We agree that beyond the electoral competition, the stability of the currency should not be compromised", Designated Collaborators of Lacunza. With regard to the government's exchange rate, they said that "there was also a coincidence in the current dollar values, which are even higher than the price of equilibrium".

Official sources said that the conversation between Lacunza, Todesca and Nielsen covered all the problems of the turbulent economic agenda: "They talked about the reserves, the exchange rate, the inflation, energy, fuel prices, reduction of VAT on food, relations with the International Monetary Fund, debt ". The minister's staff described the meeting as "a respectful and cordial meeting". From end to end, they proposed a more detailed vision of the conversation that their economic referents maintained:They reiterated the central concerns in due course by the presidential candidate, Alberto Fernández, concerning the progress of the Argentine economy, the negative trajectory of the main macroeconomic variables and the severe recessive and regressive impact of the current economic model", Have indicated that they" are worried about the decline in international reserves which, since the last payment by the IMF, have been reduced by more than 9 billion dollars ".

The representatives of Frente de Todos who attended the meeting with Lacunza are two of the leading economists working with Fernández. Todesca is part of the Callao group, while Nielsen has close personal ties to the candidate he had forged during his tenure as finance secretary to the Néstor Kirchner government. Last Monday, Nielsen was charged with moderating the anxiety of financial investors by ensuring that "debt restructuring is not in our plans". The economist warned that the goal of this decision is "to avoid a conflictual situation with bondholders". On Wednesday, they reiterated this conviction to Lacunza, who was attending the meeting with his Secretary for Economic Policy, Sebastián Katz.

"The Front of All has ratified its commitment to respect all obligations and all contracts in force, within the framework of an alternative economic model favoring price stability and the resumption of growth and employment.", Said the statement, pointing out that the burden of debt to the private sector generated by the government had added to the requested loan to the IMF" placing the Argentine economy in a situation of very high vulnerability. "In this sense, they point out that" incentives have always been directed towards increasing the few financial gains to the detriment of the real economy, the viability of businesses, employment and conditions. of life of the Argentineans. "

"Because of the government's argument that the critical situation of the economy and the negative reaction of the markets have been the product of the results of the OSP, it is necessary to recall that". badistance to the IMF was requested in June 2018. when the Front de Tous was not even constituted as such. From then on, each of the IMF projections on the trajectory of key economic variables (growth, inflation, debt) was exceeded, "the statement said, concluding that" we are continuing to work on an Alternative Economic Program to restore growth, employment and exports. Our desire to dialogue and create an atmosphere of tranquility for all Argentines is indisputable. "

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