Campaign promises to eliminate the clamp on the purchase of dollars respond to “neoliberal populism” expressions, economist Aldo Ferrer has warned after opposition presidential hopefuls Mauricio Macri and Sergio Massa vowed to end official restrictions on the foreign currency market if they win October’s elections.
“It is an observation that has no sense. Such an announcement has no sense outside the framework of an economic policy that includes the budget, the currency (the peso), the foreign exchange rate,” Ferrer told reporters this morning.
In statements to a radio show, Ferrer urged political leaders seeking to become presidents to tell people “how” they will carry out their economic plans. “One can say salaries will be raised, taxes will be lowered, the (dollar) clamp will be freed … The thing is how.”
“Saying they will free the foreign currency clamp is an expression of neoliberal populism. They seek to get support with proposals that are damaging,” the economist affirmed adding Argentina’s economy is “under control.”
“The economy is under control, has got out of red, we have come out from a phenomenal crisis without asking anything to anybody. The country is not adrift, it is standing on its own resources,” he insisted.
“There is a fact that has always triggered problems in Argentina which is the lack of dollars, that has resurfaced due to structural problems.”
buenosairesherald.com