MercoPress. South Atlantic News Agency

Lavagna tells Kirchnerites to stop clapping and give true picture of the Argentine economy

The former minister (2002/2005) was the architect that helped Argentina climb out of the 2001 default and melted economy

Argentine former Economy Minister Roberto Lavagna considered the “economic model” led by President Cristina Fernandez administration is entering “a clear downfall” and slammed Kirchnerite politicians, unionists and businessmen “for, out of fear, clapping at political rallies instead of saying what they really believe about the economy”.

During a radio interview, the economist stressed that the administration of Cristina Fernández economical program is “nothing more than bread for today, hunger for tomorrow” adding that the government is desperate and just throwing Hail Mary passes along with implementing constant palliative patches.”

Lavagna, who’s pointed as the man that built the economic engineering that put the country back on track after the 2001-2002 collapse, remembered “that this is not the first time we Argentines experience such an economic situation. Same happened when the free-market model started its unstoppable chute around 1994-1995 that finally exploded in 2001”.

Furthermore, the 2007 Argentine presidential candidate pictured how different the economy was by the time he was in command of the nation’s finances (2002-2005): “Annual growth was 8.5%, but for the past years it has dropped to 4%”.

To end, Lavagna suggested to all Kirchnerite politicians, unionists and businessmen to “stop attending the government rallies just to applaud what ever is said; and to stop living under fear and come on stage to say what they really believe about the current situation”.

“They should be able to say that the inflation rate is around 25% and not 8% or 9% like the government says; that companies are not investing, hence no new job positions are being created; that the energy and hydrocarbons policies are nuts as they are just indebting the country once more. They must denounce all these things and try to propose new alternatives.”