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Macri Insists Promises Of A Bright Second Semester Were ‘Misunderstanding’

By | [email protected] | September 6, 2016 4:03pm


President Mauricio Macri says it was all a problem of communications. Macri said that he never meant to say that Argentina would be growing in the second half of the year. During an interview with daily La Nación he said that the idea that the second semester would be the end of Argentina’s economic strife was a “misunderstanding” by the media that was blown out of proportion.

“[The media] said that I said that the second semester would be like a party [for Argentina]. I never said that,” said Macri.

It’s an interesting interpretation of history considering that shortly after they came into power, government officials talked a lot about the second semester being, if not the end of all of Argentina’s problems, at the very least when things would start turning around.

“I think it was a misunderstanding. I said that there would be a drastic decrease in inflation and that the economy would rebound between the end of this year and next year, which is what we’ve been achieving,” Macri continued.

In a televised interview in March, Macri told TN’s Marcelo Bonelli and Edgardo Alfano that the country’s economy would begin growing in the second half of the year, saying there were numerous indicators such as “the rebooted agricultural sector.”

The government’s discourse began to change around May and suddenly the rebound point started getting later and later: after vetoing the Employment Emergency Bill, Macri said that “we will see the fruits of our labor next year.” Then in July, when the infamous second semester was supposed to begin, Macri began to deny that the second semester would make all our problems go away, only that it would be “better” than the first.

Macri isn’t the only government official to make comments on the second semester. In May, Vice President Gabriela Michetti started comparing the second semester to a tunnel in which the light at the end would become clear. Then, Cabinet Chief Marcos Peña said last month that “nowhere in our archives will you find us saying that everything would be okay in the second semester.”

In any case, Macri arrived back in Argentina following his first G20 Summit at around 11 AM this morning. He has already held a meeting with Federico Sturzenegger, the head of the Argentine Central Bank (BCRA), and other BCRA officials right at the time when there seems to be increasing tensions between members of the president’s economic cabinet.