Cristiano Rattazzi Said the Argentine Peso “Is a Phallopa Coin” and Spoke of the Country’s “Bad Tax”
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8 Articles
Cristiano Rattazzi described the peso as a “phalopa coin,” questioned its loss of historical value and again claimed for the dollarization of the Argentine economy
Cristiano Rattazzi Said the Argentine Peso “Is a Phallopa Coin” and Spoke of the Country’s “Bad Tax”
The former president of Fiat Argentina claimed the change of monetary regime promised by the government, criticized the taxes on SMEs and the governor Axel Kicillof; he pointed against the entrepreneurs who want to return to the “business before”
The businessman Cristiano Rattazzi again called for the implementation of dollarization in Argentina, by defining the peso as a "junk coin" and a "falopa coin" that has constantly depreciated the income of the population for decades. In statements given to the LN+ signal, he considered that, while the general economic situation shows progress in comparison with previous periods, the lack of a monetary definition of fund generates uncertainty and…
The businessman said ironically that the weights should be left only for the operators of the financial system "to have fun, to carry trade and all that." Read more
The renowned retired automotive industrial entrepreneur analyzed the current economic scenario, questioned the loss of historical value of the national currency and warned about the high tax burden that affects SMEs.
Cristiano Rattazzi again charged against the Argentine peso and claimed to advance toward dollarization. "It is a junk currency for a hundred years," he said about the local currency, and said that with it the population has been "swindled" "year after year, after decade, after decade." Consulted then on whether the peso could be defined as a "falopa coin," he replied: "Totally."The claim for a stable currency was already part of his speech.The …
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