Dollar clamp represents the failure of Argentina’s energy policy, says Lavagna

MercoPress News

December 10, 2012

There is a ‘dollar clamp’ because the energy policy is probably the greatest failure or the current administration. Until only five years ago Argentina had a surplus in its energy bill and this year we are spending eleven billion dollars to buy power overseas”, said the former minister considered the architect behind the recovery of Argentina from the collapse of 2002.

He added that probably next year the bill could soar to 12/13 billion dollars “in purchasing energy the country can produce but is not producing”.