Ruling FdT congressman in Argentina wants bank deposits to be nationalized, Perón style – MercoPress
Ruling FdT congressman in Argentina wants bank deposits to be nationalized, Perón style
National deputy José Luis Martiarena of the Frente de Todos party of the Jujuy province of President Alberto Fernández on Thursday presented a bill by which bank deposits would be nationalized “to reform the financial system”.
Lower House Speaker Sergio Massa and FdT bloc leader Máximo Kirchner quickly pointed out that the initiative came only from Martiarena and did not involve the ruling party.
Martiarena reached the Lower House from Jujuy in 2017 on behalf of the Justicialist Front (Peronist). In April of this year he joined Proyecto Sur, the party founded by the late Fernando “Pino” Solanas, which is part of the Frente de Todos.
“The project of the national deputy of Jujuy who proposes the nationalization of bank deposits does not have the approval of the presidencies of the Chamber and of the bloc. It is at the initiative of one deputy out of 120 and is not accompanied by those who are part of the party in power, ?? FdT said in a statement.
The bill, titled ?? Financial System Reform for Economic Renewal and National Reconstruction ?? argues that the state must control the economy and not be held hostage by the financial sectors. I propose the Nationalization of Bank Deposits to protect savings and recover regionalized credit for Economic Reactivation.
Martiarena’s bill mentions that “commercial, investment, development and mortgage banks, financial companies, consumer credit companies, credit and savings banks (…) will proceed with the transfer of all deposits with the Central Bank of the Argentine Republic (BCRA) and the relevant accounting documents be carried out for this purpose ”and the receipt of deposits in pesos can only be carried out nationally by the BCRA. ?
The bill also provides that “banks and other financial entities may not make or use deposits and funds without the permission of the BCRA, while allowing withdrawals and movements that holders have on them. “
Martiarena maintains that the nationalization of bank deposits implemented by former president Juan Domingo Perón in 1946 “made it possible to drive the economy and put it at the service of the country’s national development”, ?? and that before Perón, the Argentine economy was managed by foreign banks.
?? With the nationalization of the deposits, they were guaranteed by the BCRA, and the national state had the participation of all economic sectors, ?? said the legislator of Jujuy. With this reform “the financial structures” were to “change in a profound and revolutionary way, the credit policy is oriented and put at the service of productive and industrial activities with promotion programs that have made possible the economic and social take-off of Argentina. “.
Martiarena spoke of a structural economic reform that would reverse that implemented “since 1977 to the present”. He insisted on “changing the neoliberal financial policy of speculation and financial fraud of the military dictatorship and of (the former Minister of the Economy) José Martínez de Hoz, [which] destroyed the productive economy … ”.
Just over a month ago, Martiarena gained notoriety when he called for a door-to-door mandatory vaccination campaign to fight SARS-CoV-2 and its new strain Delta
He also asked to add COVID-19 vaccines to the National Program to fight against immunopreventable diseases, free and compulsory.
“The national executive power, through the Ministry of Health of the Nation and all the agencies that may be necessary, will immediately promote an intense door-to-door vaccination campaign throughout the national territory in coordination with the CABA, the provinces and the municipalities …, Martiarena had imagined.
Martiarena had based her bill on an alleged report by the United States Center for Disease Control and Prevention that vaccinated people were not at risk of dying from the infection.