It will be from 3pm, in the block of National Deputies of the Union for the Homeland.
The deputies and senators of the Union for the Homeland They will hold a press conference on Wednesday, in relation to the Decree 846/2024which enables the National Executive Branch to carry out public debt swaps without the requirements of the Financial Administration Law. In this way, the Government would override the constitutional powers of the National Congress.
“Decree 846/2024 must be rejected, as we reject the reserved SIDE expenses. Milei cannot make debt swaps without complying with the Financial Administration Law Nor can it renegotiate the debt without going through Congress, going against the interests of the Argentines,” wrote Germán Martínez, head of the Unión por la Patria bloc in the House of Representatives, in X.
Markets are concerned that the opposition will succeed in rejecting the DNU
Kirchnerism is expected do everything possible to turn the initiative aroundwhich is included in the 2025 Budget project that President Javier Milei sent to Congress last week. Both Cristina Kirchner and other Peronist figures have expressed their discontent with what the Government is proposing.
According to what he found out Scopemarket sources say that the Ministry of Economy may not be able to refinance the maturities of the year in 2025, by placing new bonds in the voluntary market. If the Minister of Economy on duty cannot present to Congress a negotiation where it obtains improvements in rates, or terms, or capital reductions, the next alternative would be an eventual default
If Argentine global bonds seemed to have no impact 24 hours after the measure that enables the possibility of an exchange was announced, it is mainly due to the fact that The operators are seeing that Caputo’s will is to respect the values that investors assign to Argentine debt.
“Everything is calm here because Caputo is saying that if he cannot go to the voluntary markets, will call on those who have bonds to sit down and seek an agreement,” explained an operator.
Source: Ambito
