Luis Caputo confirmed before the red circle that there is still no date to get out of the trap: “We cannot do futurology”

(Special envoy to Mar del Plata). In seeks that the most powerful men and women in the country give them signs of support for your economic planthe Minister of Economy, Luis Caputo spoke this Wednesday before the red circle and confirmed that they do not have a release date from the stocks. “The release from the stocks is not a date. It is conditions. We cannot do futurology. Setting a date would be stupidit would be having a level of arrogance that we don’t have,” he stated Caputo before the businessmen who met in Mar del Plata.

“Shouldn’t there be a lot more optimism?”the minister asked. He asked this question after reviewing what the Government considers to be its greatest successes: “A fiscal surplus was achieved in one month and ending paid liabilities in seven. It was achieved without breaking contracts, without making a bonex plan, without help “All this was done without forgetting the most vulnerable.”

The red circle heard it waiting for better expectations, in the midst of an economy that is not rebounding and that is still marked by the exchange rate clamp on the dollar. For now, only the drop in inflation and the surplus, both at the cost of adjustment and recession, is all that the Government can show.

The Minister of Economy spoke on the first day of the 60th edition of the IDEA Colloquium held in the city of Mar del Plata. At the beginning he compared the situation they received with crises after the outbreak at the end of 2001. “Compared to today, 2002 was Disney World. The market had to make the adjustment. “It was a total disaster.”

“We are in a country that, by political decision, has a fiscal balance, a fiscal, commercial, current account, energy surplus and, above all, It has a president who guarantees that it will not move from that direction. What greater certainty can we give to you as entrepreneurs than that?“Caputo stated.

He then dedicated himself to criticizing the opposition. “75% of the population knows that they are unpresentable criminals and donkeys. There is no way for them to come back for good. Their only option is to torpedo, take you down“, held.

“This offers a great opportunity. Because We have a president who does not give in to those pressures. He doesn’t care at all about the polls. It’s excellent that this is the case,” he explained.

Fiscal stability, investment and stocks

After ruling out the possibility of establishing a date for the exit from the stocksthe Minister of Economy explained that for this there must be favorable conditions to make that decision. “We are not in a hurry”he stated.

“Yes, we are very clear about what the conditions have to be. -Caputo explained-. We don’t rush, we don’t run out of time because we designed a super robust program. The passage of time works in our favor. Because as time goes by, the terrible monetary policy of the previous government is left behind.”

Then he explained what it takes to get out of the trap. “We are in the best moment after ten months. The gap is at 15%, wholesale inflation at 2%, retail inflation at 3%, the economy is beginning to recover. We are better than where we arrived. As time goes by, the variables will continue to improve. “Then we will be able to get out of the trap.”he stated.

“Argentina cannot afford to lose fiscal stability”he stated Caputo. Maintaining this, according to the official, is what will generate credibility. “It’s very important. Because that It is what ends up convincing you to investwho are the real protagonists. “I see what’s happening,” he said.

Caputo on universities: “Not even tariffs are at stake”

“The opposition chooses the issues that are most sensitive to you. They take the retirees, the universities. “They want to break the fiscal anchor,” he accused. Caputo.

“Universities and tariffs are not at stake. All we’re saying is some common sense. The money is not ours, it is yours. So, you have to audit it. Furthermore, we know that they work hard,” he said.

“The only thing we ask is common sense. That law (on university financing) is vetoed because it is poorly addressed. Because they never showed us how to finance it and also because they do not allow themselves to be audited,” he stated.

When will Federico Sturzenegger and Javier Milei speak

At the meeting in the spa city, the presence of different governors and national officials is expected. This Thursday the governors of Catamarca will speak, Raul Jalil; from Entre Ríos, Rogelio Frigerio; from Chubut, Ignacio Torres; and from Corrientes, Gustavo Valdes.

On Friday, on the last day of the Colloquium, it will be the turn of the Minister of Deregulation and Transformation of the State, Federico Sturzeneggerwhich will be presented on a panel tailored to your needs: “The need to free ourselves from the State”.

The event will end at noon, when it is time to “The vision of the President of the Nation”moment in which the president will participate Javier Milei.

Last year, the leader of La Libertad Avanza (LLA) was invited to the IDEA Colloquium, he threatened to gobut finally ended up putting together a “counter-colloquium” on a terrace of a restaurant in Mar del Plata, where he caught the attention of many of the businessmen who were at the meeting at the Hilton hotel.

Now as president, Milei He accepted the invitation and confirmed attendance at the meeting that brings together the senior staff of the Argentine business community.