Joseph Urtubeyindustrial leader of the UIAstated that the arrival of Serge Massa to the Ministry of Economy is an opportunity to assume a uniform policy, leaving aside biases. In this framework, he argued that if the Government achieves stimulus policies so that agriculture liquidates foreign exchange and manages to get Argentines to trust in the national currency again, Argentina will come out of the crisis.
«The main expectation is that there will be unity of criteria in terms of economic policy decisions. The main symptom of the disaster was on June 17 when the company ARSA, out of a need to have dollars to import energy, massively sold some bonds from Argentina and that triggered a whole crisis that we have experienced in the last 60 days,” Urtubey said on Radio National.
“On the other hand, I think there is also a greater awareness (in the Government) of the need to assume a uniform policy and put aside biases. I hope that the different sectors can take advantage of it, because we need Argentina to move forward, “said the brother of the former governor of Salta, Juan Manuel Urtubey.
“Two thirds of the inputs that national production needs in industrial terms come from abroad and the necessary dollars are needed for that. Surely there will be some measure that guarantees the dollars with a differential exchange rate or whatever. I (if I were Sergio Massa) would go first for the foreign exchange, second for the fiscal and in third order I would work on the different economic variables that make up the regional economies, “said the 47-year-old leader.
“It’s going to be a tough semester. The fact that we are already coming out of winter and the greater consumption that this requires in terms of energy, will bring some relief, because obviously it will require less foreign exchange. This must be accompanied by stimulus policies so that agriculture can liquidate the foreign currency that it still has and so that those who have some discredit about the peso trust again and are not looking so much at the dollar, “insisted the Salta native.
“I think that devaluation would be a remedy worse than the disease. Import substitution will come hand in hand with greater growth in industry. The supplies we are talking about were never produced in Argentina. The most important thing is to continue working in national production and industry”, concluded the industrial entrepreneur.
Source: Elintransigente
