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Leading industrialist tells Cristina Fernandez to abide by the rules of democracy, otherwise it is ‘Chavism’

Tuesday, September 3rd 2013 - 23:45 UTC
Full article 15 comments
Ratazzi is head of Fiat Argentina and a reference of the Argentine manufacturing sector Ratazzi is head of Fiat Argentina and a reference of the Argentine manufacturing sector

Deputy Chairman of the Argentine Industrial Union (UIA) Cristiano Ratazzi said that President Cristina Fernández “should leave office once her term ends” because those are the rules of democracy, otherwise it is ‘Chavism’.

“After an aggressive time, I think the President has now a more contemporizing spirit. When someone is elected to rule a country, he/she must leave when the term is over. That is the rule of democracy, the anti-Chavism idea, let’s call it,” Ratazzi said in an interview with a Buenos Aires radio station.

Ratazzi who is also head of Fiat Argentina, one of the largest industrial groups in the country addressed the issue of inflation, which the private sector estimates range 27% compared to the official 10%, said “it is evident that there are huge price disparities”, and “unfortunately there’s a lot to do on the issue and it is useless to blame inflation on others”.

The businessman added that rise in prices and goods’ supply is a “general problem of the (Argentine) economic organization”.

“I’ve have been addressing the inflation controversy for years. Argentina will have to control inflation and put order into the Argentine economy”.

Regarding the US dollar and the different exchange rates plus the Argentine government’s policy of tightening controls on the foreign exchange market, the UIA representative said Argentine manufacturers need greenbacks to reach “higher rates” in order to “export more and import less.”

“A sole dollar rate is much healthier for the economy,” Ratazzi insisted. The multiple exchange system through export taxes, leads to the dollar ‘clamp’ and the ‘caves’ where illegal foreign money trading takes place. 

During the celebrations of Argentina’s Industry Day earlier this week, the business leader had said “devaluation” of the Peso was dangerous and called for a tax reform.

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  • Anglotino

    Nice to see that even in Argentina Chavism is derided!

    Sep 04th, 2013 - 01:14 am 0
  • ElaineB

    When I started going to Argentina - way back when - one of the questions I worked into conversations was how they viewed other SoAm countries. Without exception Venezuela's government was viewed with derision. Even allowing for the fact that Argentines tend to think they are the best country in SoAm by a mile they held little regard for Venezuela. Chavez was most commonly referred to as 'a clown'. The country they seemed to admire the most was, in fact, Brazil. Just my impression.

    Don't you think interviews like this are aimed at warning CFK that if she tries to run again she will face considerable opposition?

    Sep 04th, 2013 - 05:54 am 0
  • Anglotino


    You should see what Colombians say about Chavez and as they are literally on the front line they can see exactly what Chavism has done for the Venezuelan people.

    But I do think these articles are subtly hinting that CFK's time is up for many of those that once supported her. Mind you, she is so unhinged these days that she can't hear anything that Lacampingitup doesn't whisper in her ears.

    Sep 04th, 2013 - 07:09 am 0
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