translated from Spanish: Dollar: change say that Macri “has obvious what to do”

The Provisional President of the Senate, Federico Pinedo, said today that President Mauricio Macri “has obvious what to do, which is look for exchange rate stability to combat inflation”, and stated that the rise of the dollar was “typical of a speculative run”. Pro-Government Senator said that the Government “has taken measures necessary to get serious, systematic and permanent inflation”, including “not to spend more than what you have, and this Congress met it last year with a zero-deficit budget”.
“We are not in a catastrophic country much less, since Argentina has big bucks so there is a solvency problem: it has enough to meet its debts, this year, that is, and a lot of dollars to meet demand it normal to have the dollar” .

“There is a phenomenon of short-term, speculation, day to day, but on the other hand, if we look longer, the Argentina really is a country that is acquiring many fortresses”, said Pinedo.” “When he tore off the Government of Macri became a very strong bet, what was called gradualism: make changes gradually, over a period of five or six years, betting on growth to go closing the huge imbalances that had Argentina”, something that was an idea that “function No well in 2017 “, explained the Senator. However, in 2018 “had the shock of a thing like this front: the running of the markets from April to August of the month passed, motivated because cut off credit in Argentina”. “Is that the country” needed to finance their gradualism and had a major accident on the road, was dramatic and now we are doing what we need to do to confront a reality that we don’t like but it is that we have “, said Senator.” President has obvious what to do, “insisted Pinedo in dialogue with Led FM and added that the President”is not thinking about his candidacy, but is definitely our candidate”. In this note:

Original source in Spanish

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