Alberto taps Redrado as his eventual minister and says he does not want to restructure the debt

After several confusing claims that alarmed the markets regarding the renegotiation of the debt, Alberto Fernández promised that he will not carry out a restructuring with cuts to the principal, which was the biggest fear among the creditors.

In a strikingly moderate speech, the Peronist candidate sent several winks to the markets during his presentation at the Democracy and Development seminar, organized by the media group Clarín.

"Nobody can seriously raise the possibility of a reduction of the debt, because it was contracted two years ago by a democratic government chosen by the Argentines. The debt we contracted came from the dictatorship. Now it is about obligations of less than two years with bonds that were taken recently, "he stressed and made it clear that" there is no possibility of default " if he wins the presidency in October.

He suggested that the most likely scenario will be to carry out a renegotiation that stretches the scheduled dates of payment. "If Argentina had to pay its obligations under the [current] terms it will be difficult to do so. We will sit down to negotiate, but you have to eraser the idea that we want to default on the obligations assumed because that is false and damages the present," he added.

Former Central Bank President Redrado advises Alberto on economic matters

The Peronist candidate welcomed a commercial opening, although he said he will review the agreement with the European Union. "How am I going to be against Argentina opening up to the world? The question is how do we enter the world, whether with our hands on our necks or with dignity, defending the interests of the country. I will analyze the agreement in a way that doesn't end up affecting our production. I need Argentina to produce, for SMEs to work, for the automotive industry to stop having suspended shifts," he said.

For the first time, he mentioned his potential cabinet, not only emphasizing that he must have "a common denominator that will be honesty", but also mentioning the possibility of summoning the former president of the Central Bank, Martín Redrado, to the cabinet. "With Martín we worked together for many years, we could surely work together now." He added that "every time Martín speaks it will be after a conversation he had with me."

As LPO revealed, the economist has been advising Fernández regarding the national debt and they speak daily. Redrado ended his relationship with the Kirchnerist government badly, after a weeks-long dispute with President Nestor Kirchner, who he accused of trying to empty the Central Bank reserves. Since then he was close to Sergio Massa and his return to the front line of the power of Peronism is another reinstatement that facilitated the decision of Cristina Kirchner to concede the presidential candidacy to Alberto Fernández.

Redrado has known Alberto Fernández since the nineties when both were members of Carlos Menem's government. He was in the National Securities Commission (CNV) and Fernández in the National Insurance Superintendence.

Respected for the markets and Peronist leadership, this economist goes on to integrate the "liberal" wing of the different groups of economists that the presidential candidate of Todos is organizing, with a more orthodox team fiscal matters and a heterodox wing of economists to reactivate national "production".