Orthodox Economy

Posted by on September 1, 2013 in News |

New Minister of economy in Argentina, but everything remains the same 13 July 2009 since 2005 he resigned as Minister of Economia Roberto Lavagna, in Argentina followed several people who occupied the post of Economy Minister but in facts not held as such. Nobody has any doubt that since then, the economic policy of Argentina does not lead from the Ministry of economy, but from the Government House. With the arrival of Amado Boudou (a liberal, who campaigned in the Ucede and taught at CEMA), is intended to show a turn toward economic orthodoxy and the recovery of control of monetary policy by the Minister of economy. Can you believe him? Without a minimum of optimism, Nestor Scibona headline in La Nacion: nobody expects Boudou to change something. I looked a little be optimistic and at least didn’t issue an opinion until you do not have a clear idea of his thinking and his decisions as head of the Ministry. In this sense, during the next few lines will try to discover if Boudou, than it comes from the Orthodox economics, will behave as such or if you’re just disguised as Orthodox Economics Minister. This question is key to know if we can expect some positive change in the economic policy of Argentina. To convince his Orthodox profile, Boudou said after assuming that the measures will boost, will seek: get the Argentina grow and have fiscal and trade surpluses.

And the Argentina return to the credit market. Did not finish express your search for strengthening the fiscal surplus which he said according to La Nacion: carry forward a very important programme of public works, which is incompatible. In an economy where economic activity deepens his fall with a public spending that to grow how is it you think to achieve increase the fiscal surplus? Again, the renegotiation of existing debt with the noteholders who did not accept at the time the redemption, appears on the scene, but this initiative hides his true intention to It is dominated by the need for the Government to gain access to external financing.

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