Cristina Fernandez

What happens with the funds of the Anses, deserves the following reflection: this new public system of social security is better than the AFJP system? Definitely not, and unfortunately that possibly check it in a couple of years. Funding sources have been depleted and everyone knows that the Government needs to continue capturing funds. The alternative discipline over public spending is not an option that is handled, much less to the imminence of the elections. Not sure who came up with, but since the Government of Cristina Fernandez de Kirchner who continues to count the coins to get to balance accounts, would have begun to look toward the banking system. The Argentine banking sector, which seems to have learned the lesson, given the new context of both internal and external volatility, decided to take a preventive attitude and keep liquid to respond to any negative shocks that may affect him without having to resort to hand the Central Bank saving. Thus, to prepare to deal with possible situations of stress, the entities of the system chose to maintain a significant level of liquidity, whose value now stands at $82. 000 million (adding cash more current account at the Central Bank deposits, net passes and the results by Lebac and Nobac), according to a note published by El Cronista, written by Leandro Gabin.

The same newspaper picks up a statement made a few days ago by Cristina Fernandez de Kirchner that left many uneasy bankers: banks sit on liquidity by fear to fall, and if there for the real economy is the State which has to give to that economy. The bankers are full of resignation, already prepared to pick up the phone and attend this order of Government that seems inevitable in this context. One fact, which probably further feed the fears of bankers in Argentina: in today of tax revenue data will be known officially.

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