Javier Milei gave his first definitions as president-elect, after he won the runoff against Sergio Massa. The libertarian, who already stated in his speech that “this is not the time for gradualism,” gave details about the dollar, prices, debt, and other issues of the macro and micro economy.
“After a hundred years of decline, the system collapses, to the point that the election ends up being won by an outsider (…) We believe that the conditions are in place to find a turning point in history and end this decline” Milei said.
According to your diagnosis, “Argentina is in an extremely delicate situation. We are with the best professionals to rebuild Argentina”. In that sense, he confirmed that he is willing to integrate leaders of Together for Changes, linked to Mauricio Macri, into his cabinet.
In line with his first statements as president-elect, Milei maintained that “the great adjustment must be made, but the people always paid for it, today the political caste will have to pay for it.” But he clarified: “We are willing to apply the manual to the letter to fix the problems left by this Government. We have designed all the mechanisms to manage the situation minimizing the damage to the population,” he continued.
With respect to debt front, monetary issue, the dollar and the financial scenarioHe assured: “If you cut the monetary issue today, it will take between 18 and 24 months to bring it to the lowest international levels.” And he added: “Before opening the trap, we must fix the problem of the Leliqs. We are going to try to do it as quickly as possible, because otherwise the shadow of hyperinflation will be there at all times.”
“Close the central bank It is a moral obligation. Dollarizing is to get rid of the BCRA. We propose that the currency be the one chosen by individuals,” Milei said in radio statements.
When talking about the inflation, The president-elect maintained that “the prices will be determined by the market.”
“We are close to 3 points of GDP in deficit. It is essential that it be corrected as quickly as possible. We have been talking with the Fund for a long time,” he added. Likewise, he added that “to lower withholdings we must reopen the exchange market, and to do so we must fix the Central Bank’s problem with the Leliqs.”
On the other hand, he clarified that “neither Education nor Health can be privatized, they are on the side of the provinces. It is always best to subsidize demand, not supply, but something like this is not going to be implemented in the short term.” .
Regarding the version that Massa asks for leave until his function is completed on December 10, Milei expressed that “it would be irresponsible to delete himself, after the disaster he made.” “The (outgoing) President congratulated me and sent me to a meeting so that the transition is as orderly as possible and minimize the damage to the population due to what may happen in the markets,” she concluded.
Source: Ambito
