CFK blasts credit organizations, announces tax revenue

President Cristina Fernández de Kirchner announced that the tax revenue soared 30.5 percent in June, year-on-year, during the last day of the Central Bank Monetary Conference. The Head of State also referred to the Greek crisis and assured that “the more they delay the solution for the problem, more terrible will be the crisis, as it happened to Argentina in 2001.”

Fernández de Kirchner assured that the tax revenue climbed 48 billion pesos in June compared to the volume registered in the same month last year. She also said that the Credit and Debit tax reached a new record.

The president began her speech talking about the current situation that Greece is living under and compared it with the 2001 crisis of Argentina, and blasted the international credit organizations before the economists present at the summit.

“They are applying the same medicine which had already killed the ill, showing the same disease with the same symptoms,” Fernández de Kirchner assured referring to the economic policies that the Greek government is applying to face the crisis.

She also warned that the multilateral credit organizations still “insist in the application of an austerity programme that will be harmful for the countries with a crisis,” as it happened to Argentina in the ’90.

The Head of State stated that the “keys for capitalism” is the consumption and that all the monetary receipes are based in “cutting and affecting the consumption.”

“The capitalism policies affect the consumers, when they have to apply counter-cyclic policies they tighten up and is detrimental for those who consume,” she continued.