Luciano Laspina explained what is needed before starting a currency exchange

Luciano Laspina explained what is needed before starting a currency exchange

The economist of Together for Change assured that the country is “on the path of significant inflation.”

Inflation destroys the peso's purchasing power
Inflation destroys the peso’s purchasing power

For Change Together MP Luciano Laspina, one of the economic leaders of the opposition coalition, assured that the country “It goes towards triple inflation”.

In an interview with Radio Mitre, Laspina assured Argentina “Stabilization plan needed” And that currency exchange would simply be a “cake on the cake.”

In this sense, the economist who “had three ministers before the conversion (under Carlos Menem’s government), the Bonex plan and the tariff increase, First, the economy must be regulated“.

The MP noted that he sees “Very low chances” That the government can start a stabilization plan: “It requires credibility and you do not have it today, except that the agreement with the fund is until the end of 2023 without a devaluation blast. They have no anchor to stop inflation. “There are no conditions required for a stabilization plan.”

“We are far from controlling inflation. But yes, we go to three digits, Because the nature of the contract with the fund is inflationary. “With this policy, you are turning the inflation shock into an inflationary trend,” Laspina said.

Asked about the possibility of drawing up a shocking plan for the already impoverished population, the economist replied: “Argentina’s economy has been in constant adjustment for 10 years, amid growing poverty. Nobody wants to carry out reforms to get out of the crisis. A stabilization plan can quickly reduce poverty Because it eradicates the poverty that inflation generates. “Then we have to implement reforms to create employment, to put an end to the regulation that hinders investment,” Laspina concluded.

Source: La Nacion

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