Former minister says Cristina Fernandez in Harvard showed how she really is
Former Economy Minister Domingo Cavallo assured that Argentina’s current problems are much more serious, than back in 2001 since nowadays “people are desperate because they want to preserve the value of their savings and the Government does not allow them to do so”.
He also said the cheque tax should only be applied in emergencies and also blasted President Cristina Fernandez speech in Harvard University. But “she showed herself as she really is”.
“The current problem is much worse than that of 2001. At that time people bought dollars but in only one market, with total freedom. Thus, there was one value. Now there’s no convertibility because people do not have the freedom to buy foreign currency. People are desperate because they want to preserve the value of their savings; they want to buy dollars which the Government does not allow them to do” Cavallo assured.
Regarding the cheque tax, the former Economy Minister said it should have been lifted after the economic crisis was over. “Since then, they have used it as permanent tax when it should have been only an emergency resource. This is a distortive tax that makes the Argentine economy less competitive”
The former Economy minister from presidents Carlos Menem and Fernando De la Rúa was also critical of the presentation made by Cristina Fernandez before the students of Harvard at the John Kennedy Government School, last week.
“To be honest she was at her best, as she really is”, said Cavallo with some irony. But “the US and world public opinion had a rare chance of knowing who is President Cristina Fernandez and how she acts and proceeds”. On the other hand “under estimating Harvard students, was senseless”.
During her conference before a packed house in Harvard, President Cristina Fernandez answered questions from students and among other things said there was no foreign exchange clamp in Argentina; that she regularly meets and talks with journalists; that she can account for every penny of her assets because ‘she was a very successful solicitor when practicing law, as successful as she has been as president”.
As to the possibility of a constitutional review to open the way for a third consecutive mandate, the president was evasive: “it’s not whether I want it, but rather of what I can and should do. It is an abstract question because the Constitution does not allow a third mandate. At home we discuss many things: a constitutional reform does depend on me or an only political party”.
On inflation she denied the non-official accepted 25% as opposed to the official 10%. “If inflation was at 25% the country would blow up”. With the same attitude she dismissed that inflation in the US was 2%: “do you really believe that”.
But the Argentine president also accused the Harvard students, many of them from Argentina, of repeating ‘monochord questions’, invented by a few journalists, when they should be properly informed and asking better questions about what is really going on in Argentina.
Finally she scorned a couple of students on their questions instead “of realizing how fortunate they were in being able to attend Harvard when so many Argentine students don’t even make it to the University of La Matanza”, a very low standard graduate school in the outskirts of Buenos Aires.
Suggested Stories
-
May 23rd 2013
Beware inflation: CFK announces “political groups” will keep track of prices in shops
-
May 23rd 2013
Europe’s three largest economies call for stricter rules on corporate tax avoidance
-
May 23rd 2013
Cristina Fernandez administration limits overseas dollar extractions to a minimum
-
May 23rd 2013
Falkland Islands wish for normal neighborly relations with all South American neighbors
54 comments Feed
Note: Comments do not reflect MercoPress’ opinions. They are the personal view of our users. We wish to keep this as open and unregulated as possible. However, rude or foul language, discriminative comments (based on ethnicity, religion, gender, nationality, sexual orientation or the sort), spamming or any other offensive or inappropriate behaviour will not be tolerated. Please report any inadequate posts to the editor. Comments must be in English. Thank you.
Mr. Cavallo is one of them. Where he has left his dignity?.
Not matter what political sign you are; I’m not Kirshnerist or even Peronist. But this man is a disgrace to Argentina!!!
I would not dare to even speak to the press if I'll be him.
For you and asslips BK
She is mightly dumb and arrogant with a touch of delution thrown in for good measure.
Sometime soon the Fed and most Prov gov'ts will be out of cash. They already robbing Peter to pay Paul and you can only do that for so long before it catches up to you.
It is just a matter to time, if they get thrown out of IMF in Dec CFK has lost the war all of her options are gone.
Of course the situation is worse than in 2001 because the developed world is in a deep economic crisis which may take many years to unwind.
We are all paying for a litany of corrupt and incompetent economic management in the developed world. Just wait and see what happens when the Euro-zone falls apart, Greece will be expelled and Germany will leave the zone. They have had enough of bailing out mickey mouse economies.
Yankee Boy has written sense unlike some others
She is weak though and Peronism requires Fear of the Prez/Govt to surive and thrive. Unless something drastic happens the economy will implode and she'll lose the Gov't soon enough.
They may go through anther 5 Presidents in a week though like last time.
Just laughable...
This one incident more than any highlights what a poor quality political operator she is. Her supporters can always argue away the mismanagement of the economy based on questionable data, but there is no getting away from the fact that at Harvard she was incapable of answering soft questions from students and resorted to insulting the questioners, certain Argentine educational establishments and the intelligence of anyone listening.
Those paranoid Argies who believe that the US/UK is out to destroy Argentina must surely question who she is playing for. She is a one-woman own-goal machine.
This man is a living joke, he's the main reason why Argentina got so fucked in 2001.
The third that did not vote last time need to wake up and get her out. But here’s the rub: who is there to run an honest government?
So they deserve what they have got and what is coming down the train line. Another wreck.
I just feel really sorry for the likes of Simon68 and the others who voted against her but are held as a hostage to fortune nevertheless.
Oct 01st, 2012 - 02:19 pm
Thanks for your sympathy, ChrisR, as I was saying on the first thread, we need an opposition canditate made up of Julio Cobos, Hermes Binner and Mauricio Macri all rolled into one.
Is everything perfect in Chile? Far from it. Is the Chile's future brighter than Argentina's? You betcha...
17. They had the opportunity to fix everything in the 90s under the IMF guidance but they didn't follow the recommendations, had rampant corruptions in selling former RG gov't owned business and subsequently crashed their economy.
Aka ALEX VARGAS
Shut -up. You are a self-acclaimed racist suburbanite kid, hiding out in Canada, living with your parents.
You do not live in Argentina and you cannot travel there without being prevented from re-entering Canada.
#17 we Argentine don't take advise from murderers of Innocent Muslims women and children, thanks but, NO THANKS!
#18 I don't like homosexuals let's hope that's not hour problem, we ARGENTINES do remember the 30000% inflation before the K's and for that reason all Argentine's need to vote for CFK IN 2015 again.
#19 lol said an European, I don't think the US wall is high enough to prevent me from entering our land in North America. I am not too sure you know how things work in America. All they can do is pay for my vacation trip to Argentine because I can comeback any time I wish, the canadians can't stop me but just slow me down. By the way the visa and papers are for Europeans not us natives we go and comeback as we please while you keep building a wall lol, there are 15 year old mexican kids going back and forth over the wall as they wish, and now we even have automatic weapons made in USA to shoot the border patrols with. Thanks to good old uncle Sam.
Are you a fan of prvtes-tugger because you seem to like the name.
“What drugs are you on? Or are you simply crazy?”
“Where/how do you plan to escape to when Argentina implodes and they want your head on a pike?”
We Argentines love CFK
what the whole 25,5% seen the latest independent popularity poll of cfk lol!!!
And lol @ your talking big about shooting border guards, PLEASE go try it.....and get shot and left bleeding to death, we would lol so hard.
You should go strap a bomb to chest and blow yourself up in some Middle Eastern marketplace since you love Muslims so much. Canada's on USA's deick, we tell em who to kill and when, nuff said, they're totally in bed with us. Don't like it? get the eff out!
WHINING LITTLE COWARD WHO WON'T DO ANYTHING BUT SCREENSTARE ONLINE AND COMPLAIN IN A CHAT ROOM
Captain Poppy, “Privates - Tugger ” is ALEX VARGAS and he lives in Canada.
He is NOT la Campora at all.
They are professionals, paid by CFK.
That kid, Alex, is an amateur.
You are right, though, he is very very angry, but just an impotent “hater”.
He really has no connection with Argentina.
His parents moved the family out of there for a better life.
Despite growing up in a society with great public education and government subsidised university, he is a failure.
Now he blames everyone else, but him.
His parents must be so proud.
Best ignored.
“2001. At that time people bought dollars but in only one market, with total freedom. Thus, there was one value.
This would seem to be somewhat different to the “nonexistent” dollar clamp of today.
28. The U$ was 1:1 with Arg Peso until the economy crashed and the immediately converted all Peso denominated bank accounts to ( I think) 3:1. Now it is almost 7:1 and I bet 10:1 by Xmas.
By the time it gets to 10:1 your money is worthless outside Argentina, and inflation (also nonexistent) destroys its value in Argentina.
No wonder they are pot banging.
The condo I lived in BA was bought in the 90s for 750K as a retirement vehicle, I offered them a 1/3 of that in 2002, it may be worth 450K now but then again who knows how much it will fall as people get desperate for U$ quite possibly back to 2002 levels or lower since no foreigners are buying now.
#24 I rather be a child then a homo we already know about your preferences, you opened up your cocktrap way too may times.
#25 my generation won't be as stupid nor as forgiving as our ansestors, my generation will cook illegal aliens for breakfast, my generation will get a nuclear defence program legally or illegally.
#26 many homos have a fantasy about me but you win the cake, very creative.
#27 whats up with homosexuals and their constant fantasy with my libido? I ask you because none of your homo friends will respond for some reason.
#29 aren't you busy murdering innocent Muslim women and children in Iraq, Afghanistan, Libya and Syria??? What is your problem with Argentina ? You don't like other races??? Do us a favor and stop killing Muslims before you start shooting all Latin Americans.
#34 we will cheer as well when Falkland explodes and everyone there is poisoned. lol we Argentine demand our leaders for a nuclear defence program to keep British away from our land.
You have to forgive your father!, and try and stay away from that firewater.
Perhaps this should just be PH ALEX's swan song :-)
It's time he should be “in Coventry”
:-D
“we need an opposition canditate made up of Julio Cobos, Hermes Binner and Mauricio Macri all rolled into one”
I should say, that according to my experience from when I was living several years in Argentina, the Argentinos need to wake up, stop the cacerolazas and instead become active in politics.
If a large number of voters join the opposition party of their choice, they can oust the rotten 90 per cent of the opposition politicians and install some honest ones, provided they stay active in the parties and root out those who only pretended to be honest.
This is how it was done elsewhere in the world.
What Argentina has to do:
1- Get rid of the dollar and forbid any transaction in that currency with the exception of imports exports.
2- Provide loans to trade partners in pesos to by Argentinean products.
3- Together with Mercosur and Unasur partner push forward to make UNASUR bank the institution for reference to replace IMF.
4- Tax reform to avoid distorted taxes created in the Cavallo & Menen times that makes like in Continental Europe life hard for little and medium companies.
5- Return to the grand dad style system when a company had 1 years to operate without paying any tax until the business was consolidate.
6- The elimination of tax preferences created during Monkey Menen Cavallo times that privilege big retailer chains and the elimination of “Ingresos Brutos” shit tax.
7- Universal health coverage service with identification just for permanents resident foreigner would have to pay or only be treated for emergencies.
8- VAT to be lowered to 7% and put more pression on multinationals and big companies that reports earnings like a little business.
9- The creation of a specialised bank for little and medium companies with preferential low rates. Any new little company created will provide more social benefit that thousand of social plans.
10- When a worker lost her/his job would receive 50% of the salary pay for the state with the condition to be relocated and trained in a new company that is willing to take her/him for 6 month. If he is found to be a lazy he will lost all benefits.
11-Companies will be protected with available tools until 35% external tariff if they can provides improvement in production and investment.
12- English Speakers will be taxed just for idiots. Ha ha
Are you planing to attend Oktoberfest in Cordoba?
www.foxnews.com/world/2012/10/02/un-agency-says-it-will-stop-calculating-chile-stats-after-25-years/
Wouldn't it be cool if everyone on this forum did get together in Villa General Belgrano for Oktoberfest, sure there might be a few problem but I would bet we'd have more in common than what is portrayed here.
Certainly!! Any talk of CK would have to be off-limits, but otherwise it would be fine!
www.facebook.com/events/315644108534028/
1- Get rid of the dollar and forbid any transaction in that currency with the exception of imports exports.
HOW DO PEOPLE TRAVEL TO SELL EXPORTS ?
2- Provide loans to trade partners in pesos to by Argentinean products.
SIMPLY CREATES MORE DEBT AS PESO DEVALUES DUE TO INFLATION
3- Together with Mercosur and Unasur partner push forward to make UNASUR bank the institution for reference to replace IMF.
YOU WILL NEVER GET AN ACCORD ON THIS . EVEN EUROPE CAN'T AGREE ON A CENTRAL BANK.
5- Return to the grand dad style system when a company had 1 years to operate without paying any tax until the business was consolidate.
ARE YOU FEELING OK DANY ?
6- The elimination of tax preferences created during Monkey Menen Cavallo times that privilege big retailer chains and the elimination of “Ingresos Brutos” shit tax.
LOWERING TAXES IS TOO GOOD AN IDEA
7- Universal health coverage service with identification just for permanents resident foreigner would have to pay or only be treated for emergencies.
WHO MEETS THE COST ? THOUSANDS OF PERUVIAN/BOLIVIAN/PARAGUAYAN HEALTH TOURISTS LET IN BY KRETINA HAVE ALREADY BANKRUPTED SALUD PUBLICA .
8- VAT to be lowered to 7%
GOOD IDEA !
and put more pression on multinationals and big companies that reports earnings like a little business
THEY THEN F*CK OFF TO BRAZIL , BAD IDEA .
9- The creation of a specialised bank for little and medium companies with preferential low rates. Any new little company created will provide more social benefit that thousand of social plans.
WHY NOT JUST HAVE STATE SPONSORED ASADOS , LIKE NOW ?
10- When a worker lost her/his job would receive 50% of the salary pay for the state with the condition to be relocated and trained in a new company that is willing to take her/him for 6 month. If he is found to be a lazy he will lost all benefits.
IF ONLY .....
12- English Speakers will be taxed just for idiots. Ha ha
Oh! And you must be “William Shakespeare” on steroids and can see that right now by your sentence...
“a bit like youre poor engrish!!!”
@Usurping Pirate
1-“HOW DO PEOPLE TRAVEL TO SELL EXPORTS ?”
Have you ever heard about E-commerce platforms, Void Service, Tele conferences, Internet, etc?
Anyway no problem will be allow people to use USD for business travels.
2- Provide loans to trade partners in pesos to by Argentinean products.
SIMPLY CREATES MORE DEBT AS PESO DEVALUES DUE TO INFLATION
Nope
3- “YOU WILL NEVER GET AN ACCORD ON THIS . EVEN EUROPE CAN'T AGREE ON A CENTRAL BANK.”
Already created sorry...
en.wikipedia.org/wiki/Bank_of_the_South
5- ARE YOU FEELING OK DANY ?
Yes,
7-Was not Cristina the universal system always existed even in Menem necon times anyone even not being a permanent resident of Argentina was granted to have access to public health system.
So my proposal will limit the pubic health service only to those permanent residents that can prove that have more than certain time living in ARG:
9-No “Asados” just subsided credits to promote new companies. For ASADOs English style you have Bailouts for bankers in UK and US.
www.buenosairesherald.com/article/113197/border-coastal-guard-officers-pursue-wage-protest-
“We Argentines love CFK because she doesn't murder Innocent Muslims Women and children in Afghanistan, Iraq and Libya to theft resources and arm terrorists as USA, UK and France does”
No, you just murder innocent Argentinians and push nun's out of planes. I don't know what is more sickening, your support of KFC or your knowledge of Argentine history..........
Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!