Macri may have chosen the most dramatic way to devalue, but Kirchnerites should not escape responsibility By Sebastián Lacunza @sebalacunza Editor-in-Chief The devaluation of the peso of about 30 percent may expand choices and opportunities, or may bring dark clouds over the Argentine economy. It may be seen as an urgent step for an administration that seeks a truthful approach to a stagnant economy or as a right-wing government manoeuvring to massively transfer income to the privileged classes, but few deny that in the short term, the appreciation of the dollar will erode the pockets of workers, the middle class, pensioners and those families receiving social programmes. About three weeks before the first round on November 22, Mauricio Macri’s economic adviser and current Finance Minister Alfonso Prat-Gay said that the dollar would appreciate about 50 percent, but he predicted that there would be no problems ahead because the US currency “virtually does not affect an...
Notas de Sebastián Lacunza en medios de Argentina y otros países