get into more debt and let Magoya pay






© Valeria Ruiz


“We should have paid five billion dollars this year and 19 billion in 2022, what would you have done if you were in government,” he asked. Leandro santoro. “Easy,” he replied. Maria Eugenia Vidal-– We would have the confidence of international organizations and we would have obtained more credit ”. Debt more, according to the candidate of Cambiemos. The answer slipped through the ether toward some black hole.

All that remains of these discussions are gestures, such as that of Myriam Bregman of refusing to greet Javier Milei, or the scenographic smile of Vidal’s false housewife when she answered barrabas or false statements about her proposals for a topic such as education that was never a priority in the governments of the macrismo.

Contrary to the false smile speech, the macrismo always lowered the budgets in education and health, did not build any school when she was governor and even exploded one due to lack of maintenance. And in CABA with Rodríguez Larreta there is always a shortage of vacancies in schools. “CABA has a hero of the pandemic named Fermán Quirós,” said Vidal, when Quirós would not have been able to vaccinate anyone if it were not for the enormous effort of the national government to obtain vaccines despite the obstacles and permanent criticism of macrismo .

That was the stellar debate this week during which Leandro Santoro, the Frente de Todos candidate, remained sober and more consistent than Vidal. Bregman stood out for his gesture with a Milei that is formatted to scream alone, but makes water in a debate. Impossible that the debate has clarified something to the porteños or that the ammeter has moved.

An act of exposing ideas among the candidates –which has a democratic foundation– is so mediated by media logic that it becomes a scripted festival where the contents go to a very secondary place.

Vidal’s ridiculous (and terrifying) response to the debt came within a week when the soul returned to the body to the government after several days of walking on the edge of the ledge. The ambush suffered by the head of the IMF, Kristalina GeorgievaBy mid-September, it had paralyzed all the Fund’s activity, including negotiations with Argentina.

The hegemonic media that at the time supported the serial debt taker, now rushed to announce the failure of the negotiations led by the minister Martin Guzman. At one point the fate of Georgieva seemed decided, who was accused of having pressured World Bank technicians to favor China in a report.

The most orthodox sectors of neoliberalism, in which most of the economics journalists of the local hegemonic media are enrolled, do not sympathize with the more flexible positions of the Bulgarian economist and they made a bed for her, based on a fake news or fake news. A law firm investigated the report and suggested it had been tampered with. At the time, Japan and the United States seemed determined to remove Georgieva. European governments and representatives of the least developed countries backed it as a bloc, along with world-renowned economists such as Joseph Stiglitz, an important reference for Guzmán and who also has some influence on the technical levels of Joe Biden’s team.

The hegemonic media in Argentina read that when Georgieva left, who had tuned in positively with Minister Guzmán, the negotiations would fall due to the monstrous and unpayable debt contracted by the Cambiemos government.

They recalled that Janet Yellen’s top adviser, Treasury Secretary David Lipton, was IMF number two during the Barak Obama and Donald Trump administrations and that he aligned himself with the hard line of orthodoxy.

The reading was that Lipton was operating against Georgieva with the backing of Yellen. The Bloomberg agency was in charge of circulating a fake news on a supposed informal meeting of the directors of the IMF, in the middle of the crisis with Georgieva, and that it had been decided not to give preferential treatment to the Argentine debt. The false version of Bloomberg was quickly taken over by the macrista media. If the negotiation fell, Argentina would have to have paid about five billion dollars this year, and about 19 billion in 2022, and the same in 2023, as Santoro pointed out in the debate.

But in reality, when the then Finance Minister, Luis Caputo, applied for the loan to intervene in the dollar market, the one who strongly opposed was Lipton. And, according to the Fund, the credit was granted for the direct intervention of Donald Trump who bypassed his official.

Despite the early celebrations of macrismo due to the imminent failure of the Alberto Fernández government, US President Joe Biden maintained that the investigation had no evidence of Georgieva’s alleged pro-Chinese favoritism and returned the support that was corroborated en bloc by the other directors. Georgieva came out stronger, at least not immediately.

This week the Fund distributed its estimates for 2021 and raised the estimate for Argentine GDP growth by more than one point, from 6.4 percent, to 7.5. The figure brought the IMF figures closer to those of the government, which projected growth of 8 percent, which would also recover what was lost in the first year of the pandemic. The growth of the Argentine economy, according to the IMF, will be above the average for the region and in general above the majority.

From September until this week when Georgieva was confirmed as head of the IMF, the government had also stopped the budget project, which does not include payments on this debt. The opposition insisted that the government should present the project even if it later had to modify it.

The macrista media, in turn, announced that the famous agreement with the Fund for the debt would not be until next year and they rubbed their hands knowing that there is nowhere to get 19 billion dollars to pay the quota that the government of Let’s change had irresponsibly agreed.

When Georgieva was endorsed by the Fund’s board of directors, it emerged that the agreement would be signed in December. Because at the same time the G-20 meeting was held in Washington, most of whose countries are on the IMF board. The final document of the finance ministers and central bank presidents of the world’s main economies supported proposals by Minister Guzmán for the IMF to advance in the review of the surcharge policies applied by the Fund as well as the agreement to collect a global tax to multinational corporations.

If applied, the surcharge tax that would correspond to Argentina would be 900 million dollars more per year. The tax on multinationals aims to end tax evasion by these corporations.

But Vidal solves it easier: We get into more debt and let Magoya pay at the expense of education, health and security for the poor.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.