President Javier Miley Closed this Wednesday Leaders Meeting 2025 Who organized Historian He analyzed the government’s achievements on three main axes: economic analysis, scopes of disbursement, and accumulation of reserves. “If I were a Peronist, half the streets would bear my name.”This came when he was reviewing the achievements of his economic model, which confirmed this It will eventually move toward a free-floating dollar system.
This is an annual event that brings together the country’s business leaders and key figures in the national public sector to address strategies for growth, development and organizational success, in order to analyze past challenges and future opportunities. “For me, it is a pleasure to be here,” he thanked the President, who began his speech by acknowledging the importance of my presence here. Christian FindlingCEO of the company Historianactually Hernan de Gonithe newspaper’s press director, then gave a lecture divided into three paragraphs.
First, focus on the fact that economists are often part of the problem, not the solution. In this sense, he pointed against the usual measurements that focus on the real exchange rate and the consumer price index Compare his administration with that of Mauricio MacriWho criticized him for debts.
“What part coincides with 2017? The fiscal adjustment never happened.” Instead of adjusting, Macri’s government increased the fiscal deficit and never corrected it, but only borrowed. We have revised 15 points of GDP. We have a fiscal balance, with hardly any current account deficit, which also results from private investment.
“Looking at real change all the time is intellectually very risky,” he continued. “Leaving aside the fiscal balance means leaving out the element that explains 20 of the 22 crises that Argentina has experienced from 1900 until now.. “Choosing a set of prices to make this calculation seems to me to be fickle, it involves the problem of financial equilibrium analysis,” he said.
In his venting against the economic advisers – “who are not the ones making the decisions, and that’s why they were wrong two years ago” – he became fully involved in the country’s economic situation and asserted: “We are not dogmatic, and we do not want to see more inflation in ArgentinaAlong these lines, he decided: “What will determine the inflation rate is the monetary base. Our monetary base is zero emissions, or in other contexts, zero excess supply.
“What is Argentina’s problem? Expectations that Argentines do not form according to the model of reasonable expectations: they do so by looking at the dollar. I will not quarrel with the Argentines, they have put me in the solution, and if not, they will not renew my contract.He added.
He explained, “The rise in prices will depend on whether there is monetary stability: We have lived for 80 years in monetary stability as a result of the fiscal deficit. Therefore, when the problem of the crisis of confidence arose, the demand for money decreased, they bought dollars, the price of the dollar, tradable prices, and finally salaries rose.” “You don’t have to be angry at the consequences, but at the causesHe added.
Along these lines, the second block introduced and defended the Exchange Range Chart. “Bands are an end to volatility. Since we believe in freedom, the ranges open over time. At some point, they will be so open that the exchange rate will become free“But you can’t win the race if you’re just learning to crawl,” he noted.
Moreover, those who carry wondered Save the United States To stabilize the markets and confirm that this has always been the case “Coca danger”. “The whole explanation is American support? Let’s say we use 5% of the swap. I want you to review what the National Congress did by passing 40 laws aimed at breaking the economic program. They need to get rid of the blame for the mistakes they have made and blame everything on an external element. What are you talking to me about? He pointed out that before this whole process, country risk was below 600. And we didn’t stop doing things: we cleaned up BCRA assets and liabilities, yet country risk continued to rise.
He pointed out in another matter Accumulation of reserves As the last block. “This debate is not put in the right way. If I have a fully flexible exchange rate, the reserve variance by definition is zero. That is, Demanding a flexible exchange rate and accumulating reserves is a contradiction in terms“, he submitted. In this sense, he defended that he would not buy reserves with the issue because that would affect the poor. “I will not create a crisis to solve a crisis.”to rule.
“Sometimes it also takes knowledge to be able to understand counterfactuals. Now, since we are not angry with reality, we deal with it as it is. So, well, I have no refresher, I have to have reservations. So, If I have to have reserves, I check whether I have the money to pay or not. And if I use it to push, if I have the problem that I’m going to go to the edge of the band, I can’t defend it. This is the discussion“, He decided.
“So We need to get back to the market, We have every confidence that we will do that, because payment is due in January. From this standpoint, we will honor the debts, and we hope that the quality of economic analysis in Argentina will improve, and we will not have to explain that 2 + 2 equals 4.”
Before the president, the Minister of Economy also spoke. Louis Caputo; Minister of Interior, Diego Santelli; and editorial secretaries, Alejandro Casace.
The head of the Treasury Palace, which opened today in the morning, returned to the event at seven in the evening. To witness the President’s speech, accompanied by the Secretary General of the Presidency, Karina Miley; The former Minister of Finance and current Minister of Foreign Affairs, Pablo Cerno; Vice President of the Central Bank of the Argentine Republic (BCRA), Vladimir Verning; And the representative of La Libertad Avanza, Lilia Lemoine.
The president arrived with his team at the hotel the countryside After attending the semi-finals of the 132nd edition of the tournament Argentine Open Polo Championshipwhere La Natividad La Dolfina and UAE Polo faced each other at the Argentine Polo Stadium. He was invited by Adolfo Cambiaso. He had attended earlier – Taking the constitutional oath of the elected representatives in the Legislative Palace.
Not a good day for government, for example, as this Wednesday Milley inaugurated something that would have been unthinkable until a few months ago — let alone four years ago, when he shaped one of the two libertarian seats in Congress —: With this year’s legislative change, La Libertad Avanza became the first minority In the House of Representatives with 95 deputies.
he Violet teacher It is the result of the good work led by the Secretary-General of the Presidency, Karina Mileyin the party council at the national level, and searching for consensus under the leadership of the Speaker of Parliament, Martin MenemAccompanied by the Minister of the Interior, Diego Santellito persuade congressional allies to join the ranks of libertarians.
The gesture that tipped the scales was last night, when the governor of Entre Ríos, Rogelio FrigerioHe contributed with his deputy Francisco Murcio So that it moves from the Federal Meeting bloc to La Libertad Avanza. The seat also consists of Extremists Who last year distanced themselves from the official bloc to support Miley’s veto, MPs exPRO Which respond to Patricia Bullrich and yellow liberals who joined the People’s Liberation Army, such as Alejandro Bongiovanni and Veronica Razzini.
Faced with this context, the President now moves forward with Political muscles have intensified to implement these measures Which has so far been blocked or obstructed in Congress. By itself, Presidential veto He will no longer tremble in parliamentary rigidity, but he is also moving towards construction The majority needed to implement what is expected Structural reforms What he expects for this second term of office.
Faced with this context, the President is now moving forward with measures that have so far been blocked or blocked in Congress. By itself, the presidential veto will no longer undermine parliamentary solidity, but it also aims to build the majority necessary to implement the expected structural reforms he expects in this second term of his term.
The topic did not escape the president’s speech, who referred to the political issue at the end of his speech. “We believe we have a great opportunity, we have left the “Coca risks” behind us. If the October elections had been presidential, the result would have been the first round,” he stressed at the conclusion of his speech, where he also emphasized the implications of a single ballot paper (BUP).
“Third place in the Representatives not only allowed us to defend the veto. There were 127 seats at stake and we won 64. We got more than 50% of the available seats in the Representatives and that Today we were allowed to appoint Martin Menem as Speaker of the House of Representatives For another two years, we will be running the committees in Congress.
“Of the 22 seats at stake in the Senate, we won 13. Not only do we have 20 senators, but Peronism also lost the majority. We have the potential to have the most reformist Congress in history. “We will go to the core until Argentina becomes the freest country in the world,” he said.