The former CEO of HSBC, Gabriel Martino spoke ahead of the presidential election October and thought about it “Argentina has no economic problem and has plenty of dollars.” Referring to the country in political terms, he asserted that the problem in the country is “political, cultural and ethical.”
Martino is currently working on the Together for Change team and is counting down Brotes Verdes, the C5N program hosted by Alejandro Bercovich, which “is available to Patricia for whatever she needs.” “We make teams compatible.” He pointed out that the idea of the team is to all go in the same direction. “Whoever wins leads and whoever loses accompanies. “One thing is campaigning and another thing is governing.”
Regarding the economy, over the years he considered that “Kirchnerism in Argentina has created a serious cultural problem with the issue of free education and the creation of poverty,” adding that “populism is wreaking havoc in society caused”.
He also assured that the current government “not only has not made payments to the fund, but we have also received money from the fund.” In this sense, he took the view that Argentina is historically a serial debtor and we cannot spend more than we earn, that is the problem.”
As for the future, he said in dialogue with C5N that it is necessary to have a “political order” in order to then implement a stabilization plan. “Since December 10th it is no longer Milei, Patricia or Sergio, but Argentina.
Martino was against dollarization
Regarding dollarization, he opined that “it is impossible to do it overnight because there are no dollars.” However, he noted that the country must pursue bimonetarism: “Today you have a dollar amount that is greater than the gross product declared in the AFIP by Argentinians outside the financial system.” “They will not give them back, they will start circulating them.”
“I don’t agree with dollarization. Argentina must move to bimonetarism. To take a step back: Argentina does not have an economic problem. Argentina has a serious political, cultural and ethical problem. The economy lacks dollars, but Argentina has them in abundance. “They are not in the government the government wants them to be in,” he said.
On the other hand, he opined that “the history books will describe the general policies of the Kirchner family as the worst thing Argentina has experienced in its 200-year history.” In logic.”
He thought Javier Milei’s team’s trip to Walt Street was smart because “they went to listen.” Today Argentina needs to listen and see what they think of us. “We don’t have to resort to recipes because we don’t have access to the market.”