Thu. 06/27/2024-12:45
Deputy Ricardo López Murphy showed optimism about the probable approval of the Bases Law this Thursday and said that, from his point of view, the Government should abandon the exchange rate as soon as possible.
“I would release the stocks now. I believe that what we have to do is face realistically what the conditions are, the requirements for Argentina to have the capacity to insert itself into the world. Inevitably that implies a surplus in the current account – that is, after interest and after services – of a significant magnitude because the debt must be repaid, and the interest is very expensive, and because we have to accumulate reserves,” said the deputy in dialogue with Radio Rivadavia.
“If we try to live with a current account deficit, going into debt, as we have done many times, that always ends badly. Why don’t we go the other way? For having slack. The key to Argentine development is that we grow in exports, investments, and formal private employment. What reforms are we doing? Exchange control prevents us from going there,” he added.
