Natalio Grinmann, president of the Argentine Chamber of Commerce (CAC), acknowledged that the country is facing “a difficult situation” and said that companies are suffering from a lack of sales but he has confidence in the government’s measures.
The President of the Chamber of Commerce (CAC), Natalio Grinmann He criticized the “suffocating statism” and said that it led to a chronic stagnation in Argentina. He acknowledged that the country is “going through a difficult situation”, spoke of the sharp drop in sales that the sector is facing but gave strong support to the Government. He did so, within the framework of the Council of the Americas at the Alvear Hotel this morning, which will be attended by President Javier Milei.
“Many companies suffer from a lack of sales and many employees are juggling. Despite this, I am convinced that Argentines We are making great progress”Grinmann said at the beginning of his speech.
In clear support of the Government of Javier Milei, he stated that a “necessary path of transformation” and questioned what previous governments “did not see or did not want to do: that it is not possible to systematically spend what you do not have” and that this condemned the country to “unsustainable debt and runaway inflation.” Then, he highlighted the ordering of public accounts and the positive effects: “the inflation has collapsed and the exchange rate gap is much better than at the end of 2023.”
Grinmann highlighted the approval of the Bases law
At another point in his speech, he praised the changes that were made: the labor reform, investment incentives (the RIGI) and stated that the approval of the Bases Law “it was a milestone.”
Finally, he concluded: “I am convinced that the national government has taken the right course and I reiterate the CAC’s commitment to support this agenda. A moral reconstruction of Argentina is essential. The prosperous Argentina we want is achievable.”
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A day full of politics and economics with Javier Milei and government officials present
President of the Nation Javier Milei is the main speaker at the annual edition of the Council of the Americas, which started this Wednesday at the Alvear Hotel at 9 a.m. In addition to Milei, several members of his cabinet will participate in this event, including the Chief of Staff, Guillermo Francos; the Minister of Deregulation and Transformation of the State of the Nation, Federico Sturzenegger; the Foreign Minister Diana Mondino; and the Minister of Security, Patricia Bullrich.
There were doubts regarding the presence of Luis Caputo, the Minister of Economy, who will not participate in this event but will speak at the event for the 170th Anniversary of the Grain Exchange at 7:00 p.m. in the city of Buenos Aires.
Milei returns to the Council this time under his presidential investiture and is expected to present to the businessmen the Projections for the coming monthsas well as the lines of action of its government plan.
Source: Ambito
