This is how Alberto Fernández would handle the Argentine debt
The eyes of the creditors are set on the favorite candidate to win the elections of the Latin American country
The Peronist candidate Alberto Fernández. / Via REUTERS
LatinAmerican Post | Marcela Peñaloza
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Leer en español: Así manejaría Alberto Fernández la deuda argentina
The economic crisis in Argentina has set off the alarms of the creditors, especially because on October 27 the presidential elections will be held. The winner of the electoral contest will be in charge of dealing with the debt of the Latin American country, not only in the payments that must be made but in the revival of the economy.
In the first round, the Peronist candidate Alberto Fernández, whose vice-presidential formula is former president Cristina Fernández de Kirchner, won the victory over the current president Mauricio Macri. This situation alarmed the creditors even more, producing a crisis of confidence and creating concern for investors.
However, the candidate has been in charge of appeasing fears. In his Twitter account, through several posts, Fernández clarified the way he plans to handle the debt:
Argenitna has to pay its debt if it wants to grow: the president says that the way in which Argentina can settle its debts is through growth. And how does a country grow in economic matters? According to Fernández, through exports or acquiring debts. The second option is no longer viable, so the Argentina must expand its export margin.
Vamos a pagar la deuda creciendo y exportando, porque la Argentina no emite dólares. El único camino es exportar. El otro modo se ha agotado, que es endeudarse.
— Alberto Fernández (@alferdez) 26 de septiembre de 2019
Less interest rates and better salaries: in addition to growing imports, the favorite candidate to win the presidency ensures that the economy is reactivated by "recomposing wages." In order to improve salary conditions, companies must have lower interest rates so that they can increase their productivity.
Poner en marcha la economía es recomponer las condiciones de consumo. Y recomponer el salario es el primer paso para encender la economía. Pero tenemos que deshacernos de estas tasas de interés que privan a las empresas de poder producir.
— Alberto Fernández (@alferdez) 26 de septiembre de 2019
Everyone must contribute: the crisis is not just experienced by the president or the businessmen. Just as the economic crisis affects the country in general, the whole country should solve it. Fernández says that "we must reach an agreement that puts on the table the condition in which we are and see how we get out of this."
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No es el desafío de un presidente, ni de los empresarios, ni de los que trabajan: es un desafío de todos. Debemos llegar a un acuerdo que ponga sobre la mesa la condición en la que estamos y ver cómo salimos.
— Alberto Fernández (@alferdez) 26 de septiembre de 2019
Ordenar la Argentina y hacerla previsible es la condición central de ese acuerdo. Vamos a encender la economía, a volver a crecer y a poner a la Argentina de pie. Y lo vamos a hacer entre todos y todas.
— Alberto Fernández (@alferdez) 26 de septiembre de 2019