Federico Sturzenegger, the former president of the Central Bank of the Argentine Republic and current advisor to President Javier Milei, played a crucial role in the preparation of the Decree of Necessity and Urgency (DNU)
Federico Sturzenegger, the former president of the Central Bank of the Argentine Republic and current advisor to President Javier Milei, played a crucial role in the preparation of the Decree of Necessity and Urgency (DNU) of deregulation of the economy announced in the National chain. Now, he gave his first statements after the announcement.
“We have been working since before, there is a whole government team,” he began in dialogue with Radio Miter. When asked by Eduardo Feinmann regarding the legality of the DNU, Sturzengger responded: ” The DNU is definitely an institutional mechanism. It demands the emergency, the emergency that the president saw in the context of what he has inherited from the previous government and a signal had to be given to change course. “That is the emergency that the president saw.”
“What is prohibited to the DNU are tax and electoral regulations, “does not typify any of these three characteristics.”he explained.
At the same time, he stated that the DNU represents a “little piece of the reforms” that Javier Milei wants to make. “The idea was to give an image of regime change. “We are not prohibiting anyone from competing.”
This decree, which proposes a broad deregulation of the Argentine economy, includes significant measures that seek to modify the economic and legal structure of the country.
“The most important thing is the modification of article 958 of the Civil and Commercial Code”the economist stated on Radio Miter, regarding what point 252 of the mileista decree raises.
To justify this statement he maintained: “That is the most important thing about the DNU because historically we had our Vélez Sarsfield codes, those codes were strictly liberal, that in a contract between the parties the will of the parties takes precedence. Ideologically we moved away from the liberal concept until in the new code, so strict and deterministic, it was understood that you had to make contracts in such a way. By changing and saying that the code is supplementary it is a bath of liberalism and freedom. Allows you in all contractual relationships “recover the freedom of how you want to trade and relate.”
Dissatisfied with the protests that began last night once the megadecree came to light, Sturzenegger ironically targeted those who came out to demonstrate. “I am shocked at how quickly they read the DNU,” slipped. “One of my assistants wrote to me, he lives in Caballito, he told me that he had never seen people protest so much because they gave them more freedom,” she noted sarcastically.
Airlines
- “That Argentinian airlines Whether it is for the workers, I don’t know if it is a decision made, this prepares the legal ground in case Javier wants to move forward in that direction. We said that employees can have up to 100% of the shares [antes era 10%]. If the President wants to move forward with that law, he couldn’t do it before.”
State-owned companies
- “We make the state companies and are transformed into Public Limited Companies (SA). In the SA there is a price of a share, if the Government makes a move, it protects it. A SA can go bankrupt, that’s why you have to say ‘I have to take care of it’”
Soccer
- “What we do is that in the sports system there may be corporations and other companies. The partners choose. Regarding federations, a federation cannot exclude a club due to the corporate form it chooses.”
Labour reform
- Now unions and workers can choose if they want a compensation mechanism that they themselves can design.”
- “The trial period is extended from three to eight months”
Source: Ambito
