A room full of some 285 businessmen gathered at the invitation of the Inter-American Council of Commerce and Production to listen to the presidential candidate of La Libertad Avanza, Javier Milei. They will also do it this Thursday with Sergio Massa. The business mood regarding the future of the country could be summarized in uncertainty due to not being certain of who can govern. Doubts due to the difference in proposals: a model “that we already know” from Massa and the other that “can lead to difficulties in governing.”
Eduardo Eurnekian, whom many of the attendees see as the “father of the child” in reference to Milei, said at the entrance: “I have 3,700 people who work for the company. One failed, what do you want me to do? To then soften his words and point out: “Someone can fail, in the sense of an exception to the rule and seek the Presidency,” explained the businessman. “I said “failed” without any negative connotation,” added. It should be remembered that Milei knew how to work at Corporación América as an economist.
At the previous lunch, Eurenekian seemed very upset with his former employee. Angry, he ordered him to remain silent when he said: “I have respect for the Pope and there are many of us who have respect for him and many in the world, so he does not have to assume the right to give his opinion for the Pope, so he should keep his mouth shut,” he emphasized.
At that lunch, Patricia Bullrich spoke with Carlos Melconian. The twists of life or politics mean that today Bullrich supports Javier Milei and that the economist is in contact with Sergio Massa after the elections.
Definitions
Milei did not clear up some central doubts such as the issue of dollarization and the closure of the Central Bank since Marcos Pereda, the president of Cyccip did not ask him. He began by saying that diagnosis is key to understanding how to get out of the current situation.
In this sense, I explain the relationship between remunerated liabilities (Leliqs) versus the monetary base. He indicated that the numbers are “worse than those we had in the first quarter of 1989, prior to Alfonsín’s hyperinflation”, Milei said. “When one understands the nature of the current monetary imbalance and the consequences that a poor resolution of the monetary issue would have, one realizes that the size of the crisis is enormous and that the challenge is enormous,” confessed the presidential candidate.
He made reference to how to dismantle the trap to which I qualify “from the brakes to grow.” The “traps are immoral, they don’t let me have the fruit of my work, come on, wake up, don’t let yourselves be robbed, we can’t allow them, at some point you have to rebel and it’s now,” I harangue.
At this point, Milei explained: “If I open the stocks and do not solve the problem of the Leliqs, the fall in the demand for money that comes after that, generates hyperinflation.” Therefore, a large part of the problem lies in solving the Leliqs problem.”
Regarding the fiscal deficit, the LLA candidate maintained that “10 points of the deficit are generated in the Central Bank, therefore, solving the Leliqs problem fixes two thirds of the fiscal deficit.”
Regarding the Treasury deficit, for the economist it will be necessary “adjust 5 points”. There, he promised that the “Politics will pay for the adjustment, not good people.” This adjustment will be on the items where “politicians steal” but I don’t indicate what they would be.
A stabilization program focused on reducing the deficit will cause, according to Milei, “the recovery of bond prices, therefore, the interest rate will go down, the drop in the interest rate will stimulate economic activity; I am going to have a rebound in production, that rebound in production will improve employment and there will be better salaries and the economy is beginning to improve.” He concluded that “all the shock programs were expansive” and concluded that “the shock solution is the solution” to the problem of macroeconomics.
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Differences
For Milei this Sunday “two competing models will be disputed if we want this inflationary dynamic or monetary stability; if we continue down this decadent path or if we want to lay the foundations for a growth model.” His model he said is “a liberal democracy and opposite (by Sergio Massa) the version where everything is worn.
The campaign of fear (which in the ranks of the La Libertad Avanza party considers to have had an effect) It was also mentioned by Milei but to appeal to the vote. “Fear leads nowhere. It generates paralysis. “If people become paralyzed, it is this decadent model that wins,” he finished.
Two controversial aspects of his proposals, such as public works and international trade, were also addressed by the presidential candidate.
He reiterated that he does not intend to maintain diplomatic relations with “communist countries; with autocratic governments and with those that do not respect liberal democracy.” Regarding China, I criticize the military bases in the south. And he promised that “Private companies can market with whoever they want.” For Milei, Mercosur must be modified as proposed by Uruguay and Paraguay.
He also insisted that public works will be managed with the Chilean model before the resigned gaze of Gustavo Weiss, president of the Construction Chamber.
The economist was accompanied by Karina Milei, Ramiro Marra, Guillermo Francos and Guillermo Ferraro. Among the businessmen, Adelmo Gabbi, Nicolás Pino (Argentine Rural Society), Mario Grinman, (Argentine Chamber of Commerce and Services); Daniel Funes de Rioja (Argentine Industrial Union), Rubén Cherñajovsky (Grupo Newsan SA); Bettina Bulgheroni and Alejandro Bulgheroni; Javier Bolzico (Association of Argentine Banks); Guillermo Dietrich (Argentine Chamber of Commerce and Services); among others.
Source: Ambito
