magnitude, was the phrase that sounded yesterday in the Argentine Government against the precipitous fall of the bag of Buenos Aires (10% on Wednesday and 11% on Tuesday). Is it that the Government could not foresee the undesired effect in bags? The ANSES went out to buy bonds by AR$ 300 million on Wednesday, and some actions to put the chest to the sharp stock market fall, which at one point came to lose 18%, and who also managed to skid the ibex in Madrid, where quoted Spanish companies operating in Argentina, making it lose a 8.2%, its second historical loss. The oil company Repsol YPF lost 15.8% (do next goal of Government?) and had to be suspended. Banco Santander (Santander River), lost 9.9%. The executive director of the national administration of Social Security (ANSES), Amado Boudou, is responsible for giving the deathblow to the AFJP: will be responsible for the liquidation of those companies.
But this Government was already requesting funds to State boxes as well as the ANSES (AR$ 5 billion in 2008, according to the Ministry of Finance), national lottery, and others. Nor is it a new mechanism: already established it another Peronist Government: Peron in 52. It is a return to a hard peronism, who thinks first of box, later in politics, a banking Executive who drove an AFJP said to the nation. And as the Government like to say, that it has been chosen by electoral majority, it would not have been legitimate also to 10 million from contributors who had already elected to remain in the system of capitalization in 2007, when she gave to choose whether workers wanted to move to the system of allocation state, respecting their decisions? Or not are looking respect the people’s decision? Could we not call to popular consultation to see how the population wanted to see their managed retirement savings? The slogan is Government national and popular, according to panfletariamente bombard us daily. The Kirchner Government usually seeks to counteract the bad reactions that generate with its policies with other more populist cut, but in the end result in big ads and meagre results.