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[POLITICS] · Argentina · 50 sources

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Javier Milei defends economic model at Council of the Americas FAST-MOVING

At the Council of the Americas in Buenos Aires, President Javier Milei defended his economic program, citing a decrease in inflation and a commitment to economic growth. He highlighted that wholesale prices rose only 0.8% in July and claimed that overall inflation has dropped by 85% since his administration began. Milei also promised a musical performance to celebrate these figures.

During his address, the President criticized economists and journalists who question his data, and he defended the deregulation of the economy. He argued that the closure of certain businesses is a natural market phenomenon and criticized those who benefit from state protections. Additionally, Milei linked declining birth rates to the legalization of abortion, suggesting it impacts long-term economic and pension stability.

Government officials, including Chief of Cabinet Diego Santilli and Minister Federico Sturzenegger, also spoke at the event, reinforcing the administration's focus on fiscal balance and long-term prosperity. While some business leaders, such as Natalio Mario Grinman of the Argentine Chamber of Commerce and Services, expressed support for the economic direction, they acknowledged the significant social and economic costs, including job losses and business closures, associated with the current adjustments.

Entities

Argentina · Argentine Chamber of Commerce and Services · Council of the Americas · Cámara Argentina de Comercio y Servicios · Diego Santilli · Federico Sturzenegger · Javier Milei · Keiko Fujimori · La Libertad Avanza · Luis Caputo · Luis Galarreta · PRO

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about 6 hours ago