In Argentina you can always be worse - El Liberal

2022-07-03 18:13:35 By : Ms. Vivian Wong

By Emiliano RodriguezThe sudden departure from the National Cabinet of the Minister of Economy, Martín Guzmán, fed up with dealing with Kirchnerism, shows that even in the most critical moments of a government in office, in Argentina it can always be worse.Guzmán's resignation, known at a time when Vice President Cristina Fernández de Kirchner, critical of his administration at the head of the Palacio de Hacienda, tried once again to give a lecture on economic policy during an event in Ensenada, caused a true political earthquake in this Saturday afternoon.The process of implosion of her own government creature that Cristina seems to be leading since that phrase about "officials who don't work" in October 2020 finds the ruling party today at its most dramatic hour with the slamming of Guzmán, the alleged "guarantor" of the agreement with the International Monetary Fund (IMF) that caused so much hives in the Kirchnerist faction of the Frente de Todos.The decision of the now former minister, as soon as it became public, caused the fog to immediately become denser around the presumed course towards which President Alberto Fernández and his collaborators in the administration are trying to advance in search of attending to and solving the problems. most pressing problems in society, with inflation leading the way.An equally thick blanket of uncertainty, in the form of a gigantic question mark, now hovers over the foreign exchange market, awaiting what may happen from next Monday when operations begin in the domestic financial circuit, after a hectic week. in which the price of the blue dollar reached a new record.In this sense, the Government fears that the explosion of the US bill in the informal sector has generated an increase in prices "due to commercial speculation" in the retail sphere, which would seriously jeopardize the intentions of the Casa Rosada to announce the next July 14 that last June's inflation was below that registered in May -that month the cost of living increased 5.1 percent-.After the departure of Roberto Feletti from the Secretary of Internal Trade, Guzmán had become the absolute leader of the ruling party's crusade against rising prices, but in recent days even sectors of massism had begun to look askance at the minister, while doubts were growing about his true capacity to tame the hair-raising inflationary inertia that is registered in Argentina.In any case, Guzmán ends up falling under pressure from Kirchnerism and probably fed up with the "friendly fire" sustained in recent weeks by the Christian wing of the Government, amid permanent and at first glance irreconcilable tensions between his closest collaborators -and himself - and the field leaders of the Energy area.Beyond the symbolism of relegating Cristina and her speech in Ensenada, where the former president once again assumed a role of "opposition" within her own government, to a completely shared plan, Guzmán's resignation places Fernández in a position of greater vulnerability in the face of the criticism it receives from Kirchnerism and lights up red flags in matters of governability.It remains to be seen who will be in charge -or the one in charge- of replacing the now former head of the Palacio de Hacienda.Will the decision be made by the President or by Cristina herself, in short, her political "boss", beyond the recent disagreements between the two?And in such a case, if indeed it is the former president who decides, will she boycott the new minister's management again in the event that he does not comply to the letter with the claims of Kirchnerism, as happened with Guzmán?Speculation aside, the untimely departure from the Government of the disciple of the Nobel Prize in Economics Joseph Stiglitz, whose hand Fernández finally let go of in an attempt to preserve the unity of the Front of All with a view to the general elections of 2023, confirm once more than in Argentina, although it is hard to believe, it can always be worse.The latest from countryThe latest in economics© EL LIBERAL SA (see mobile version) Editorial Director: Lic. Gustavo Eduardo Ick Santiago del Estero / Argentine Republic