“I’m going to try to be slightly diplomatic, the economy is not the Cristina Fernández de Kirchner’s fort and it has a wrong vision or the people who support it in this give it messages that do not indicate a deep knowledge of how it works, it does not matter if it is a command, mixed or market economy” he said Claudio Loser in The Trigger.
“In these geopolitical moments some people say that the International Monetary FundHe is not the only one you turn to as a last resort because he is China and the Brics but the Asian country says that they will not lend unless the fund also enters. The IMF is the final doctor when the patient is very sick and they have to be told that he must enter a very harsh treatment that can leave him complicated for a while, but it is the necessary remedy.”
“The IMF is like the dentist you insult because it hurts when he fixes cavities, or a nearby area, due to the disorders that one made. The fund charges a rate of 7%, China is not very transparent in how it works, it may be lower but it is much shorter-term money and must be returned. In the worst case they are comparable given the risk in Argentina,” Loser commented.
“He International Monetary Fund is saying that he gives us money so that Argentina, and not the Front of All, pay it in 10 years instead of now. If he advances us the money, which corresponds to the month of September, the risk is that the country will not have enough to pay him and that he will fall behind. I would be very surprised if the fund comes to that, it can lend a relatively small amount within the loan scheme for crisis situations, such as drought.”
by RN
