Following the decision announced by Alberto Fernández to sign a Decree of Need and Urgency (DNU) so that the Executive can intervene on the Vicentin group, as well as the sending of a bill to Congress to advance the expropriation of the company, who spoke out in this regard was the head of cabinet of the nation, Santiago Cafiero. In dialogue with Mesa Chica (The Nation +), the official set out to highlight in harmony with the national representative that “first of all what must be understood is that government policy is a rescue policy, it is a policy of rescue of a company that is broken, of a company that was unesced, of a company that has a contest , but it’s not just because of that, but because it’s going on and it’s not operating.” Asked about the firm’s debts, Cafiero emphasized that “much of that debt today is held by Banco Nación. Then we will have to see there what are today the accounting statements what are today, the default the maturities that it has; how you can refinance some of the debts you have and fundamentally how you get into business.”
Alberto Fernández with De Pedro (left) and Cafiero (right)
“In principle, the idea we have is that YPF Agro is starting to charge a higher volume in terms of the capabilities it has today and whether it can be linked to the operation in the agricultural market and with the operation on the grain market, specifically from Vicentin, it would be an interesting debate to be described,” he said. In this line he stated that “the first step is intervention. The second is the law of expropriation, the law is going to comment a little on this future management line that you have.”
On Together for Change’s rejection of the measure, Cafiero commented that he was “Not Seen”: “He rejected the headlines, for now. But I think it’s okay, I think you don’t have to rush, it seems to me that you have to listen more, it seems to me that you have to read the rule that the treatment is sought and I also think that you have to listen to all those producers who are desperate today because Vicentin did not pay them the previous harvest.” Ultimately, on debt renegotiation and eventual default, the chief of staff emphasized: “Well it’s something we don’t want, that’s why at all times Argentina always promoted dialogue, always promoted negotiation and promoted the agreement.”
“That agreement has to be in the context of debt sustainability. We can only commit to making debt commitments that do not have to be based on adjustments, in retirement adjustments, in labor reforms that only do is restrict rights or adjustment over our people,” he said. To watch Cafiero’s interview on Filo.News, click here.
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