During the anniversary of the Buenos Aires Stock Exchangethe president of the institution, Adelmo Gabbi, celebrated the economic policies that the national government carries out, valued the fiscal balance and asked Continue down the tax pressure. He President Javier Milei attends the event, where he will provide the closing speech, hours after Congress would give a new setback through the approval of pension laws.
Faced with the first flat of the National Executive Power and before businessmen and representatives of the capital market, the historic leader of the stock entity spoke tonight in the framework of the 171st anniversary of the institution. “Hopes, investments, risk decisions were channeled here, always thinking about the future of the country, because that is, in essence, the capital market,” he said, which he described as “a tool that transforms savings into investment, ideas into companies and work in progress.”
Then he referred to the presence of Milei in the event. “Receiving the President of the Nation today on this anniversary is not just an institutional honor. It is also a symbolic gesture that recognizes the importance of private public dialogue, respect for institutions and the conviction that no country can develop without a solid, transparent and fundamentally predictable financial market,” he said.
Next, Gabbi He talked about the course of politics and launched a direct criticism to those who preceded the current government. Although he considered that it is “inevitable” to make mistakes in any field of life, also remarked that “It is unforgivable to insist with the same policies knowing that they are wrong.”
During the brief speech he provided tonight, the president of the Stock Exchange separated the current president of the problems of the past and said the current management “He got society to understand that you cannot live with a fiscal hole” And he stood out “His strong defense of the public balance of the nation”He even said, although the president is “Paying high political costs”.
In line with the libertarian narrative, Gabbi He also said he is “excited” for thinking “the cultural battle against compulsive price controls, the tax rise in a irrational way, the attack on meritocracy, distributing what is not had, to debt without support, in the exchange stocks and, above all, in choosing treason partners.”
He also referred to the respect of the division of powers, which he considered as “not only an institutional norm” but also “balance of balance” and a “limit to abuse” of a “healthy democracy where no one can be above the rules.” For a strong republic it is not “unanimity”, but “powers that control each other.” In that sense, he highlighted the president that “although sometimes he plays to the limit, he never stopped assessing the institutionalization and division of powers.”
The stock market leader stressed that the stock market represents hundreds of companies, workers, investors and entrepreneurs “who believe in Argentina, who invest every day, even in uncertainty, for a better future for all.” And although he acknowledged that at the country level “the challenges are great”, he also considered that “the potential of our country is even more” great. To exemplify, he referred to the role of YPF and its future capacity.
“We are not here to praise a government,” he said, although he clarified “:” Nor to criticize it. “
When talking about the economic course, he did not hesitate to transmit his support to the current administration. “The numbers do not think, they only describe the reality of a certain moment. It passed only one year since their last visit. And we can quote a lot of numbers that is on the right path,” Gabbi said and added: “We no longer debate the macroeconomic course or the success is questioned. Luckily, what is discussed is the forms and rhythm, but in any way the path.”
For Gabbi, after the macroeconomy has been ordered, now “the real challenge” is “the microeconomic debate”. “That is where we, like private companies, have an absolutely key role,” although he also requested that the State “continue to relieve the tax burden”, to which he requested that the provinces and municipalities also join, in tune with the nation’s claim towards governors and mayors. “Justice must ensure that a labor agreement does not become an eternal punishment for companies,” he added.
The president of the Stock also spoke of inflation, which he considered as “the greatest scam to the working class” since “the wealthiest manage to cover themselves but the most vulnerable suffer their destructive power.”
News in development.
Source: Ambito
