US EditionAccording to Joseph Stiglitz, Nobel in Economics and Mentor of Martín Guzmán, Argentina Is at the Threshold of Another Crisis
16 Articles
16 Articles
The 2001 Nobel Prize in Economics, Joseph Stiglitz, is not at all aligned with Javier Milei’s optimism about Argentina’s economic performance and anticipated that the neighboring country is “at the door of another crisis.” “They couldn’t pay the $44 billion loan and now the IMF lends them another $20 billion that they won’t be able to pay,” he said in the talk “Road of Freedom,” organized by the Colombian Gabo Foundation, according to the slogan…
In a forum in Colombia, he made a hard diagnosis and anticipated problems to face the foreign debt. By 2022 he had ignored inflation and talked about the Argentine “miracle” under the government of Alberto Fernández
The Nobel Prize in Economics avoided doing self-criticism when asked about his influence in Argentine governments, from the Kirchners to Alberto Fernández. He blamed Macri for the country's problems and said Milei will not be able to solve the situation. It was at a talk at the Gabo Festival in Bogotá, Colombia.
The US economist asked not to look at the decline in inflation as an achievement because it is being achieved at the cost of an unpayable debt with the IMF, which began in 2018. "The country is not viable with more than 56 billion dollars in debt. They will not be able to pay this," he said.
The team of the “mandriles” was strengthened this weekend with the incorporation of the Nobel Prize in Economics. Joseph Stiglitz, who formulated a worrying forecast about the economic future of Argentina, anticipating that “it is at the door of another crisis” as a result of the debt contracted by Mauricio Macri and Javier Milei. Far from applying it to productive or development enterprises, accused both governments of “allowing that money to l…
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