A heated debate, with insults and outbursts, took place in a television studio when they remembered 2001. “You should be in jail,” he shot. José Ignacio De Mendiguren, who was Minister of Production of Eduardo Duhalde, in reference to Domingo Cavallo, the Minister of Economy of Fernando de la Rúa. “It seems to me that you have a fever, Cavallo,” the current head of BICE told him, to which Cavallo retorted: “You are a liar. You won’t let me speak ”. And he launched: “You induced the pesification of debts.”
Twenty years after the 2001 crisis, both economists were present at the program yours, by TN. When he began to speak, Cavallo stressed: “Many of those who were pushing destabilization at that time, what they wanted was the total abandonment of convertibility and especially what was later the atrocity of compulsively pesifying all deposits and loans.”
Cavallo harshly criticized “The aberration of pesification”, and in relation to this, he said: “Those who promoted all this knew well what they wanted and were going to talk to Alfonsín and Duhalde, but Alfonsín and Duhalde did not understand well and believed that, with the abandonment of the convertibility wages were going to increase and unemployment and poverty were going to decrease ”.
At that moment, the journalist Marcelo Bonelli interrupted him to add De Mendiguren to the debate, and – indignant – Cavallo fired: “If you want me to give my opinion, let me speak. The important part is the one that interests you so that it doesn’t come out ”.
“Duhalde did not want to pesify, he said ‘with me those who deposited dollars will receive dollars, and those who deposited pesos will receive pesos,’ and that was totally feasible, if the debt restructuring was completed and the Monetary Fund pay what was pending, “he continued to laugh, from the floor, De Mendiguren.
And then, Cavallo pointed directly against the former Minister of Production: “The plan was different, they had told me about it and I got them out by selling almanacs from my office. The plan was to pesify because, in this way, all those who were in debt in dollars, the large companies that De Mendiguren represented, were going to liquefy their liabilities, Who was going to pay all those bills?
“Cavallo, are you really being serious or do you think we are fools?” De Mendiguren broke in for whom Cavallo’s analysis was “a fantasy.” “It seems to me that you have a fever, if you are saying what you are saying, your subconscious is betraying you. You are a liar and you are out of your mind, sorry to tell you ”.
In the middle of those words, Cavallo shot: “You have a fever, you have led Duhalde, Alfonsín and the Argentine leadership to commit the greatest economic crime of all time ”. And in this way he accused him of acting “in favor of his friends, taking from savers” and causing “a disaster”, for which “we are paying the consequences today”
So, De Mendiguren released: “Aren’t you moved to see the deaths it caused? Please, Cavallo, have a little mercy for what you did to the Argentines. You set up the disaster, because not even the Fund could give us $ 12.2 billion because everything had been raffled off ”.
After a moment of heated debate marked by accusations and interruptions of one to the other, De Mendiguren took the floor: “I think that Cavallo is betrayed by the subconscious because the one who gave exchange insurance to all his business friends from the Mediterranean, from the In the year 82, the debt was forgiven and the State took over it was Felipe Domingo Cavallo ”.
“You are a liar, you know that it was not like that”, Cavallo answered quickly, to which De Mendiguren sentenced: “Shut your mouth for a minute. Nobody believes you. Look what you caused. What you saw today did not help you to reflect and stop lying ”.
But the former Minister of Economy remained firm and, referring to the book that De Mendiguren launched called “2001-2021: the untold story of the great crisis”, said: “Study and do not write stupid things like the ones you have written in that book that you just published ”. “Answer them, whenever you want I invite you to any debate, you are an animal what you did,” the head of BICE raised the stake. “Debating with you with the style you have of debate that you permanently lie? But please, ”Cavallo replied.
De Mendiguren called him “cheeky”, and retorted: “You should be in prison because you put in place a legal tender bimonetary system with no lenders of last resort. You knew that when there was a bullfight you couldn’t pay for it, that’s why you stopped the banks, damn it. ” Cavallo said: “They put me in prison and released me because 60 personalities from the world, including four Nobel laureates, wrote a request in my defense and that’s why The judges were scared and released me ”.
“Is this a comedy program?” De Mendiguren asked ironically, and asked: “Are you still talking? Why don’t you call yourself to silence? Didn’t you see what you did? Stop provoking people. Take off the mask: Did you want the dollarization of the economy, lose the tools of monetary policy and be a suburb of the United States? Your results were catastrophic, you exploited Argentina. Take charge. You should be ashamed to go back to Argentina. You started a fire and you want to blame the firefighters ”.