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Redrado: "It's only for dramatic effect"
Clarin
June 21, 2010

The ex-president of the Central Bank, Mart n Redrado, has already turned into one of the most staunch critics of economic policy that he'd followed from 2003 to February of this year.

Yesterday, interviewed by the AFP news agency, the economist came out to criticize the swap operation.

"The offer should have been closed in March, but the government lost too much time and the situation with the international markets is now much more negative than at that moment," he said.

For Redrado, "this debt swap seems more just for dramatic effect than as a first step to return to the capital markets (from which Argentina has been excluded since 2001). The idea was to follow up with the Paris Club and with a monitoring by the International Monetary Fund, but none of that will happen."

Redrado is already offering his technical teams to the dissident Peronists.

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