Lavagna: ‘The restrictions are the great failure of energy policy’

Buenos Aires, September 8, 2012

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Roberto Lavagna, former economy minister said about the economic situation and the stocks exchange, “To understand this scenario you have to understand the origin of these restrictions. That source is the great failure of energy policy in the country over the last eight years. “

“Until five years ago we were net exporters of energy, and as a result of grossly artificial and international agreements with Bolivia, we began to become increasingly importing”.

“The situation reached such a critical point that the bill to be paid abroad now stands at 10 billion dollars.”

“The restrictions are to generate dollars to cover expenses that tremendous product of eight years of failed energy policy.”

“This is not fixed in a day, but in two or three years, although the government may continue to respond to these measures that result in loss of employment, productivity, corporate awards, hours worked, among other things” .

“The other solution would be to generate dollars that enter or leave out capital and a change in social policy, but none of those things is now at hand.”