Saturday, December 10, 2011

CFK urges banks to go back to a 'real economy'

President Cristina Fernández de Kirchner urged banks to “go back to a real economy” as she stressed during her inaugural speech that “banks are not the fundamentals of the world economy, they are only a tool to keep the global economy running."

“What is happening today is based on a financial economy and not a real economy," she said.

It's not that we are not interested in the banks, but banks are not the fundamentals of our world economy," she stressed.

CFK also praised the growth of small and medium size businesses. “When society grows as a whole, everybody grows. We should bet on a real economy,” the President said.

Small and medium size companies are the “true generators of work added value in Argentina,” CFK said.