I agree Yes, I agree NO. I agree Yes, I agree NO. This is how the last two weeks have passed. “We think the plan presented by Guzmán is bad, is going to generate inflation this year, postpones all the tasks that Argentina has to do. We cannot accompany this plan”, he sentenced this week Hernan Lombardi, deputy of JXC. The position of the opposition coalition on putting the signature to the management of the economy that it will later articulate Martin Guzman -if he remains in office-, it was a resounding NO. AND the government had to yield.
At the risk of colliding in Deputies another vote as happened with the budget, here also without many of those who accompany Maximo Kirchner in its decision not to validate any agreement with the IMF. A bridge with JXC was the only possible way. And there was key the negotiating role of Serge Massa as president of the House and ambassador of Alberto Fernandez (with Luciano Laspina leading the negotiations for the PRO), but also in the opposite direction, knowing convince their own to cross out any point that was thorny, and finally unnecessary.
This is how a text that would later be modified was made known around 7:00 p.m. yesterday. ARTICLE 1 — Approved, in accordance with the provisions of article 75, paragraph 7 of the National Constitution and under the terms of article 2 of Law 27,612, the public credit operations contained in the “Extended Facilities Program” to be held between National Executive Branch and the International Monetary Fund (IMF) for the cancellation of the maturities of the “Standby Agreement” opportunely celebrated in 2018 and the strengthening of international reserves. The National Executive Power will sign, in use of its powers, the necessary instruments to comply with the provisions of the preceding paragraph. ARTICLE 2 – This law will enter into force as of its publication in the OFFICIAL GAZETTE. ARTICLE 3 – Communicate to the National Executive Power.
From the Government they came out to communicate that they had gathered 200 votes in favor of the agreement with the IMF and JXC considered the issue finished and went out to communicate through their own networks their institutional commitment and with the country, taking the vote for granted and now putting the ball in the territory of the Senate and more specifically of Cristina Kirchner. “We hope that in the Senate the vice president be up to your task”, was read in the last sentence of the JXC statement which highlighted that the coalition acts with “responsibility” in contrast to the FDT. “We consider it a great institutional irresponsibility of the ruling party not having managed to gather all of its deputies,” they accused, attributing the procedure in the Chamber: “We are a coalition that together resolves that the country does not go to default”. Subject closed.
“I congratulate the entire Civic Coalition for having carried out the strategy to avoid default. Privileging the interests of Argentina over speculative and personal interests”, he wrote Lilita Carrio On twitter. “I want to highlight the great institutional responsibility of @JUNTOS Cambioar seeking consensus to avoid default in Argentina. I particularly congratulate the bloc of deputies from @UCRNacional, Civic Coalition and Republican Peronism for their commitment from the outset,” the governor added. Gerardo Moralespresident of the UCR, omitting the PRO.
The JXC deputies were already getting up to leave the committee meeting when Charles Heller clarified that adjustments were still needed. “The delay is because details are missing and therefore the agreement is not finalized,” the FDT deputy stopped them. “The agreement was finalized”, he was angry mario nigri, who chairs the UCR bloc. “Details are still missing. I can only ask that we keep waiting”, Heller interjected while listening to the murmur of JXC and the criticism of German Martinez, who chairs the FDT block, in charge of negotiations with their own. “This is not very serious”, charged Negri against Martínez. The Cordovan was right.
The ruling party had convinced the opposition but was still involved with its own internal affairs. “I take charge but the proposal I have has substantial improvements…” Martinez sighed. JXC did not hinder the change of fine print (only Gerardo Milman, Omar de Marchi, Graciela Ocaña and Federico Angelini abstained), which went from “strengthening reserves for budgetary support” at the request of the head of the Central Bank, Miguel Angel Pesce, who had said just yesterday that the agreement with the IMF “will allow a very important recomposition of reserves.” Of course, not ALL will be reservations. In that modified line it is recognized that part of the loan is used to finance deficits.
