quote:
Andrés, what is supposed to be the goal of Duhalde's "corralito"? He don't let people get their savings, and Spanish newspapers says that soon the government will transform all money in Dollars to Pesos. That will reduce dramatically Argentina's wealth. Or I'm wrong?
Saving the banks that don't have the money. And preventing people to take their depoists from the banks (to their houses or off country), leaving even less money in the banks making future retirements even more impossible.
Most dollars have already been converted to pesos. One of the problems is that we earn our money as (devaluated) pesos, but have many debts in dollars. One of the things that were being demanded these Last days, is that many of those debts are converted to pesos.
The "corralito" was started by Cavallo and De la Rúa, and it was that what made the people force them to leave.
Duhalde only made it even stricter. Of course that he said he had no option.
I don't know how to set if off. Emission of money can take us back to the situation on the late 80s and the hyperinflation.
Duhalde isn't better than De la Rúa or Rodriguez Saá.
Having him as president is not what we wanted in December 20.
But we can't keep firing every new president.
The only difference is that he is stronger among the politicians. What doesn't make him better for the people, but it will let him do what needs to be done even if other politicians don't like it.
The only reason we're letting him stay for now is that someone needs to do something quickly.
I believe and hope that he understands the seriousness of the situation and is giving his best.