Boudou: 'In a world of uncertainty, Argentina is raising assurances'

The Minister of Economy and President Cristina Fernández de Kirchner running mate for the upcoming presidential elections Amado Boudou stressed today Argentina’s is ready to face the recent international economic crisis that has pushed world markets down for the past week.

“In a World of uncertainty, Argentina is raising assurances,” the minister said. In interviews to local media Boudou reassured Argentina’s economy is in good shape and prepared toface the challenges of a possibly global recession.

“ We are prepared. We sustain a loose fiscal outlook and a string of financial tools to face any additional situation,” he remarked referring to growing concerns on whether international recessions will affect the country.

Boudou remarked global uncertainty is generated by a debt crisis and observed “as opposed of what happened in other countries, Argentina condensed its debts to spawn growth.”

For him this is not the time for “desperate measures” and highlighted the “Argentine internal market is expanding like no other occasion in its history.” The head of the Economy minister also stressed the need of a joint regional effort to face international certainty. He highlighted the UNASUR’s will soon address those concerns in an upcoming meeting. “ We met in Lima and now we are meeting here to press on straightening intra-regional trade and to expand currency exchange within the region,” he said.

According to Boudou, “ Latin American has responded properly” to the financial world crisis and reiterated international issues were created when “ financial economic distanced itself from real economy.”