I came to rescue the country, not to sink it

Through his official account on the X platform (formerly Twitter), the libertarian president assured: “Fact: private deposits in dollars returned to the level they had on the day of the 2019 presidential election (27-OCT-2019) for the first time. Since that day, they had never reached the USD19.5bn that there are today. The end.”

In her criticism on Friday, Cristina argued that Milei has implemented a fiscal adjustment based on the non-payment of debts and the withdrawal of the State from essential functions, which creates a “lethal combo” for the Argentine economy, especially in a context of bimonetary economy“This model has resulted in a brutal decline in economic activity, and the country has become more expensive in dollars than many developed countries,” he said.

Javier Milei told Cristina that he will give her “a private lesson”

In another of his posts on the social network X, Javier Milei He taunted the former president and said, “I know that you don’t understand much about economics, as demonstrated by the fact that you surrounded yourself with anumerous illiterates who destroyed the country with their economic shamanism, but if you want to learn a little, turn on the TV today at 7pm and I’ll be giving you a private class ad honorem.”

At that time, the Head of State will participate in the 45th Convention of the Argentine Institute of Financial Executives (IAEF), which is taking place at the Sheraton Hotel in Mendoza. He will do so with a delegation that includes the Minister of Security, Patricia Bullrich, and her counterpart for Deregulation and Transformation of the State, Federico Sturzenegger, among others.

Javier Milei responded to Cristina Kirchner: “I came to rescue the country, not to sink it”

In another of his responses, and in the midst of the intense back and forth between both leaders, Milei responded to Cristina Kirchner again after the former president accused him of “fooling around on social media.”

“.@CFKArgentina Don’t be so nervous, you’ll like my class.… At the same time, you should review the intellectual property issues and at the same time show us your law degree…”, he said.

“As for governing, if the model is yours, I’ll pass. I came to rescue the country, not to sink it. CIAO!!!” he concluded.

Cristina’s criticism of the ability to save in dollars

“For some time now, foreign rating agencies, agencies linked to finance and even some local economists have begun to publicly explain Growing concern about Argentina’s ability to pay “with respect to its sovereign debt,” the opposition leader said in the document published on Friday morning.

And, citing an article that refers to the inability to obtain dollars, he added: “It is not about economic theories or interpretations, simply adding and subtracting in the face of the curve of foreign currency maturities that our country must face. ‘The markets are not concerned about the fiscal front, but The Government’s problems in raising dollars (Infobae. August 25, 2024)’.

It is in this framework that President Javier Milei He responded to the former vice president and highlighted the high level that the Government records regarding private deposits in dollars.

Social and economic impacts

CFK maintains that the crisis has generated devastating effects:

• Unemployment on the rise and more than one million children suffering from hunger, according to a UNICEF report.
• The growth of drug trafficking in poor neighborhoods in the face of the State’s withdrawal.
• The decline in the standard of living of the middle class.

“Economic adjustment has been accompanied by repression, as seen with the beatings of pensioners during the demonstrations. These violent measures expose an ideology that reduces citizens to mere variables of adjustment,” he says.