The English medium The Economist This Friday was added to the repercussions for the crypto scandal that involves President Javier Milei, after promoting investments in the Token $ Libra. The note refers to the situation as “his first scandal as president” and said he mimics his American pair Donald Trump.
“Milei faces the first great scandal of his presidency. On February 14 he published in X praising a cryptocurrency called $ Libra, saying that he would finance ‘small Argentine businesses and ventures. Thousands of people bought during the next hour. The price rose from US $21 cents to a maximum of US $ 5.54 and then collapsed, ”the article begins, entitled The reverse crypt of Javier Milei.
The Economist on the $ Libra and Javier Milei case: “His first embarrassment”
“The president tried to distance himself from the project, insisting that his position does not constitute support. He said he acted in good faith and that ‘he was not familiar with the details’. Interestingly, his office says he usually supports companies ”, He added the note.
In addition, he mentions the role of the American businessman Hayden Mark Davisby Kelsen Ventures, who uploaded a statement and a video to his social networks last weekend in which he said he is an advisor to President Milei and that he is “working with him and his team” in asset token projects in assets in Argentina.
Based on this, The Economist holds: “Milei’s office has said that the Government has no connection with the businessman. Davis was part of a team that launched a cryptocurrency promoted by Melania Trump, the first lady of the United Statesin January. That currency lost 90% of its value in a few days. ”
“It is possible that the president has been emulating his idol Donald Trump, who launched a cryptocurrency in January (its value also collapsed). Milei has also followed Trump’s example by announcing the withdrawal of Argentina from the World Health Organization and is considering abandoning the climate agreements of Paris. The $ Libra saga shows that not all imitation of Maga is a safe bet ”, closes the article of The Economist.
Javier Milei presents the “Argentine economic model” against the IDB
President Javier Milei offers in the United States a speech entitled “The Argentine Economic Model” before officials of the Inter -American Development Bank (IDB). Within that framework, the president again questioned the idea of ”social justice.” “The problem is that the needs are endless and the resources are finite, someone has to pay them“, argument.
“Is any here in favor of theft? No, because it is a sin and implies an unequal treatment before the law, social justice is aberrant because it is a robbery and marks an inequality before the law,” he explained. In the prior to the dissertation of the president, the president of the IDB, Ilan Goldfajn, supported the macroeconomic course of the libertarian management and advanced that they analyze “potential financing around US $1 billion” by 2025.
Goldfajn highlighted from the beginning the economic management carried out by the libertarian government. “President Milei has been a year of management and already addressed numerous challenges with their bold economic reformswhich are already producing tangible results. “
Source: Ambito
