Javier Milei is actually winning. Argentina shows positive economic signs.

Sharing is Caring!

Argentina’s Milei warns lawmakers he will make reforms ‘with or without’ them

Argentina’s libertarian President Javier Milei, in his first policy speech to parliament Friday, said he would push his package of sweeping economic reforms whether or not legislators back it.

“We are going to change the country for good… with or without the support of political leaders, with all the legal resources of the executive,” Milei told lawmakers, who have stalled his project of deregulation and budget cuts.

See also  Economic Armageddon incoming

“If you look for conflict, you will have conflict,” he told them.

Milei offered a recap of his first 82 days in office, in which he devalued the peso more than 50 percent, slashed state subsidies for fuel and transport, cut tens of thousands of public service jobs, and scrapped hundreds of rules in his bid to deregulate the economy.

See also  China's bond rally signals economic weakness, with yields dropping to record lows. Unworkable housing rescue math is prolonging crisis

“I ask for patience and trust,” Milei said. “It will be some time before we can perceive the fruit of the economic reorganization and the reforms we are implementing.”

Many of his planned reforms face challenges in court, with more than 60 lawsuits under way by labor unions, business chambers and NGOs, while Argentina has seen massive protests by citizens who fear Milei’s plans will leave them poorer.

www.france24.com/en/americas/20240302-milei-warns-argentinian-lawmakers-he-will-govern-with-or-without-their-support

 

Views: 92

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.