Javier Milei held a meeting at the Casa Rosada with the most important businessmen in the country known as the “Group of 6”. Little by little, each one begins to provide information about what was talked about and what the president promised. The inflation and the exit of the stocks, one of the key issues on the table.
“He received us for more than two hours in an open conversation, He explained to us the guidelines of his macro strategy, the achievements obtained and the challenges that lie ahead. In addition, he confirmed his very strong commitment to zero fiscal deficit,” said Daniel Funes from Rioja in dialogue with Radio Miter.
“The president was alone. We also talked about international relations, trade with Brazil, and an eventual visit by the Pope to Argentina. It was a very positive gesture to the productive sector,” he added.
Also present at the event were the presidents of the Argentine Chamber of Construction, Gustavo Weiss; of the Buenos Aires Stock Exchange, Adelmo GabbYo; of the Argentine Rural Society, Nicolas Pino; of the Argentine Chamber of Commerce, Mario Grinman; representing the Association of Argentine Banks (Adeba) was Jorge Brito, president of Banco Macro; and Gustavo Eurnekianhead of Corporación América and Milei’s former employer.
Stocks and bye dollarization?: what Milei said to businessmen
During the meeting, the head of the UIA said, the president reaffirmed his intention to lift the stocks “as soon as possible.”
“He wants to lift it as quickly as possible. He told us that many tell him that it can be lifted now, but he does not want to take a wrong step. It is a very priority issue, lowering inflation, lifting the stocks and starting this path towards tax reduction. To address this there is accumulating foreign exchange and solving structural problems“he explained.
In relation to a possible dollarization of the economy, Funes de Rioja indicated that the libertarian spoke of a basket of currencies. “There was talk of a basket of currencies, of coexistence of currenciesnot from an institutional stage of dollarization,” he noted.
Inflation and fiscal pressure: the other points of the meeting
When talking about the price increase in gondolas, The also head of COPAL pointed out the fiscal pressure and the costs of distribution and logistics.
“We must distinguish between the factory price and the market price, which are two different things. In the middle there are distribution costs and logistics expenses, which in Argentina is very burdensome. There is a lot of bureaucracy, a lot of transportation. That distorts everything. The president was very sensitive to that. Yes“Our priority is, once the macro is released, to alleviate the fiscal pressure.”he asserted.
Regarding the strong recession that the country is going through, Milei explained that it is due to the strategies to reduce inflation and the monetary expansion that was carried out during the end of the previous government.
“He told us that those consequences are being paid now. There are sectors such as SMEs that are noticeably feeling the drop in their production. The president’s strategy coincides with our concern, that production and employment have a priority place and that the impact of the decision be mitigated. We talked about financing and the search for common solutions,” he concluded.
Source: Ambito
