“After an aggressive time, I think the President has now a more contemporizing spirit. When someone is elected to rule a country, he/she must leave when the term is over. That is the rule of democracy, the anti-Chavism idea, let’s call it,” Ratazzi said in an interview with a Buenos Aires radio station.
Ratazzi who is also head of Fiat Argentina, one of the largest industrial groups in the country addressed the issue of inflation, which the private sector estimates range 27% compared to the official 10%, said “it is evident that there are huge price disparities”, and “unfortunately there’s a lot to do on the issue and it is useless to blame inflation on others”.
The businessman added that rise in prices and goods’ supply is a “general problem of the (Argentine) economic organization”.
“I’ve have been addressing the inflation controversy for years. Argentina will have to control inflation and put order into the Argentine economy”.
Regarding the US dollar and the different exchange rates plus the Argentine government’s policy of tightening controls on the foreign exchange market, the UIA representative said Argentine manufacturers need greenbacks to reach higher rates in order to “export more and import less.”
“A sole dollar rate is much healthier for the economy,” Ratazzi insisted. The multiple exchange system through export taxes, leads to the dollar ‘clamp’ and the ‘caves’ where illegal foreign money trading takes place.
During the celebrations of Argentina’s Industry Day earlier this week, the business leader had said “devaluation” of the Peso was dangerous and called for a tax reform.