Covert messages in Alberto Fernandez’s speech to Christina Kirchner and La Campora
The President thanked those who had a “democratic responsibility” to support the agreement with the International Monetary Fund and made several hints about the need to move on the path that the Vice President is questioning.
Not once did he mention his disbanded coalition partners, the president Alberto Fernandez In a speech he intended to “declare war” on inflation, a series of encrypted messages revealed the degree of discomfort caused by inflation. Christina and Maximo Kirchner Agreement with the International Monetary Fund (IMF).
Fernandez applied a serious tone to present the challenges in economic terms, but was responsible for emphasizing the urgency of voting in Congress. He generously praised those who supported the initiative – without listing them – and, conversely, exposed those who came out against him.
“It is also a special day, because we came to this law with the consensus of the legislators of different political forces, who were able to respond to the provisions of the agreement. Democratic accountability To the situation that demanded it, “the president said at the beginning of his speech.
He added that approval was reached in both houses of Congress by an “absolute majority” of governors, businessmen, trade unions, social organizations and leaders “with the consensus and support of many sectors.” They understood the gravity of the moment And join their efforts to make it possible. “
In contrast, those words were directed directly at the 28 National MPs of the ruling party – mostly from La Campora – and the 13 senators loyal to Christina Kirchner, who voted against the bill approving the loan. $ 44.5 billion That the Minister of Economy, Martin Guzman, Agreed with the staff of the International Monetary Fund and whose issuance serves to install the debts that the government of Mauricio Macri took in 2018. The insolent ones who rejected the agreement were joined by 13 MPs and 2 senators who abstained. Instead, about two-thirds of the Front legislators voted for everyone.
In the words of Fernandez, “Once again, convict and Responsible work “They have served to meet the challenges that lie ahead of us.” He did not hesitate to thank those who allowed him to escape by default: “To everyone and everyone, my sincere gratitude.”
Later, in his speech, the President recalled that during the first two years of his rule he was receiving very clear international signals that it was necessary to repay the debt to an international organization if he wanted the country to move forward. This sounded like another covert response to Kirchnerism, whose leaders demanded everything from severing ties and prolonging debt-ending negotiations to gaining more benefits.
“In each country I visited, they took a warning to themselves about the importance of debt settlement with the International Monetary Fund of Argentina. He stressed. That was needed So that Argentine companies could access credit. Now we can open up all the productive opportunities of our country. In addition, we will be able to finance our government’s capital expenditures with international and bilateral organizations, as well as continue to strengthen domestic funding. “It will allow us to be less dependent on monetary matters and strengthen our central bank.”
Fernandez insisted that expectations should be “strengthened” and that this would only be possible if the political leadership (as well as the ruling party?) Could “sit at the same table and build the understanding needed to build the future.” He also said that his fight is over “Against the usual doom, who will try to put all people to themselves or find quick culprits and simple answers”.
Adherence to the agreement with the International Monetary Fund, which was opposed by its domestic rivals, forced it to describe itself as being able to “start ordering central macroeconomic variables in the fight against inflation.” He said: “In order to attack it, we need to accumulate reserves, improve public credit, separate domestic prices from international prices, work on revenue and pricing policies simultaneously, and adopt a battery of measures that require multiple participants.”
He added that this is a “starting point” for “having more reserves and calming the expectations of devaluation, which some create only for their own benefit.”
Senate vote
The President’s speech is held in the Senate one day after the sanction of the law authorizing the borrowing from the IMF. Christina Kirchner He was not out of the polls at the polls when a key group in the Frente de Todos bloc said he rejected a plan that Fernandez thought was necessary to avoid a dramatic economic crisis.
This group of rebels includes Christina’s most loyal senators, e.g. Oscar Parrill (Neuken), Anabel Fernandes Sagast (Mendoza) and Juliana Di Tulio (Buenos Aires). The other Kirchnerists who have stood up to the government are the Buenos Aires Mariano RecaldeRio Negro Claudio Martin DonutSanta Cruzena Anna Maria IanFuegi camps Matthias Rodriguez And Maria Eugenia DurePlus a jacket Maria Ines Pilate Vergara And Saltena Nora del Valle Jimenez. The Puntanos joined Adolfo Rodriguez Saa And Maria Eugenia CatalfamoExcept for the dwarf William Snopeck.
These 13 senators were in the minority in the ruling bloc, in which another 20 supported the president’s bill (which was joined by another 36 votes from the opposition bloc). One such vote was the voice of group leader Jose Mayas from Formosa, who has been highly critical of the International Monetary Fund in recent weeks. Abstained Silvina Garcia LaraburuA very close senator to Christina Kirchner and Sylvia Sapag (Neuken).
13 officials refused The agreement later issued a stern document in which they stated their reasons and assured that It is difficult to fulfill the obligations of the country In the conspiracy “against economic growth”.
They were mentioned at the beginning Punishment “The dead do not pay their debts,” he said Nestor Kirchner. In the document, they took into account the existing international context and implications Russia’s invasion of Ukraine, warned the International Monetary Fund.
In fact, the organization noted that it would be even worse in Latin America, as it is a region that is closely linked to the international food and raw materials market. In other words, the Foundation itself recognizes that it will be impossible to achieve the goals proposed for Argentina“, – it is mentioned in the document.
“With this type of operation they have repeatedly raised the public and its representatives When the laws were reviewed and adopted, they had disastrous consequences for the entire Argentine society. “Recent history confirms this,” they claim.
And they expanded: “This artificial crossroads, which they are going to subdue if they accept, will turn into a defeat and not just for the people. That he suffers the consequences of this Covenant, but, in addition, sAnd will turn into a painful defeat for politics“A real and vital tool that we are not ready to take from our chairs, but fundamentally as militants.”
Source: La Nacion
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.