He president Javier Milei said present at the event for the 47th anniversary of the Mediterranean Foundation made in the province of Córdoba. Before a forum of businessmen, the president focused his speech on highlighting the economic achievements of his administration and anticipated what could happen with the exchange rate: “We are much closer to getting out of the trap than we were in Decemberbut we must clean up and restore the assets of the Central Bank.”
Along these lines, the President did not give exact dates for when the stocks can be lifted, although he warned that to do so three conditions must be met: ending inflation, resolving the problem of stocks in foreign currency and that the monetary base coincides with the base. broad monetary policy.” Despite recognizing certain mistakes by the ruling party, Milei justified that “he who does makes mistakes. Especially people who do a lot“.
Javier Milei spoke about the future of the stocks
During his speech, Milei once again referred to the exchange rate, one of the main topics on the agenda in recent weeks. In this sense, the President stated: “We reached zero emissions and discussed the exit from the stocks. We are much closer to getting out of the trap than we were in December“.
However, the libertarian leader assured that in order to move forward with this measure, they will first have to “clean up and restore the assets of the Central Bank.” In that sense, he assured that said entity only generates damage and warned: “If the Central Bank issues, it generates damage. IF the central bank contracts, it generates damage. If it does nothing, why am I paying them? Why do I have it? My argument against the Central Bank has already begun“.
In detail about the future of the trap, Milei explained that in order to lift it, “three conditions have to be met: When there is no more inflation, let’s solve the problem of stocks in foreign currency and make the monetary base coincide with the broad monetary base. The LEFIs have to shrink and that is what is happening.”
In the speech that lasted more than an hour, Milei once again vindicated the work of his Minister of Economy, Luis Caputo, whom he congratulated for obtaining the award “to the best economy minister in the world“.
In a relaxed tone, the president also took time to joke about opposition figures. “That thing about controlling prices that Moreno did. “You can yell at me if they are right or wrong,” Milei asked an audience that responded with whistles and boos. “Let him know that no one likes price controls.“Milei concluded.
Finally, despite acknowledging mistakes, Milei once again highlighted his management more than 10 months after his arrival in the Government: “It seems to me that in the net without a doubt we are doing the best government in history“.
Javier Milei differed from Victoria Villarruel
During a specific passage of his speech, the President again distanced himself from the support of his vice president Victoria Villarruel and once again made public the differences that remain within La Libertad Avanza. Milei cataloged “frightening” to the government of the former president María Estela Martínez de Perónafter the head of the Senate honored her in the chamber that she presided over on October 17.
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From Córdoba, the president stated that the administration extended from the death of Juan Domingo Perón, on July 1, 1974 until the civic-military coup of March 24, 1976, involving one of the worst moments in Argentine history. “Back in 1975, during the government of María Estela Martinez de Perón, a horrible government that involved the AAA, the annihilation decree, and additional aberrations.”
Along these lines, Milei assured that during said mandate, “he “It increased the inflation rate sixfold and the number of poor people multiplied by five.”
Source: Ambito
