Rodrigo Valdés

“Interest rates today are much higher. Therefore, the toll that you have to pay for carrying this debt is much bigger and that's super problematic.”

“The way out at the end of the day and this is our piece really in FNB is that you have to build a broad coalition of trust to go ahead. You need to explain, people need to understand fundamentally. It needs to be a fair arrangement.”

“Fiscal policy is inherently always about this question of who will pay because every time you rack up debt you have to pay for it. And so there's fundamentally an intergenerational component. It's either today's taxpayers or future taxpayers.”

“It's very critical that some main political parties agree that this is important even if they are not from the same coalition. This starts I think from the main parties talking to each other and saying look there are some topics which we really have to put to the side.”

“There are things for example fiscal councils is a new technology quote unquote that is being used in many places where it's really a watchdog across parties who is a bit of a problem for the minister of finance because the this watch talk will be pointing to things but that helps to produce the consensus that that you need.”

“So the way out at the end of the day and this is our piece really in FNB is that you have to build a broad coalition of trust to go ahead. You need to explain, people need to understand fundamentally exactly they have to be a simple explanation of why you need to do this. Second thing that is critical, people need to find that this is a fair arrangement.”

“fiscal policy is inherently always about this question of who will pay because every time you rack up debt you have to pay for it. And so there's fundamentally an intergenerational component. It's either today's taxpayers or future taxpayers.”

“it's very critical that some main political parties agree that this is important even if they are not from the same coalition. This starts I think from the main parties talking to each other and saying look there are some topics which we really have to put to the side.”

“there are things for example fiscal councils. It's a new technology quote unquote that is being used in many places where it's really a watchdog cross parties who is a bit of a problem for the minister of finance because the this watch talk will be pointing to things but that helps to produce the consensus that that you need.”