Argentina, Milei confirms 'dollarisation' of economy. And thinks about the Malvinas Islands
In an interview with the Wall Street Journal, Milei said that investment is needed because in the course of recovery, a decline in economic activity, a reduction in employment and a collapse in real wages is possible'
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Key points
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Argentina's President Javier Milei has confirmed his intention to 'dollarise' the economy and continue with the privatisation agenda he has set. "There is no plan b," he said during an interview with the US business daily The Wall Street Journal in which he also pointed out that the country is seeking investment to continue with fiscal consolidation, confirmed that it will not join Brics and will not build relations with 'communist' nations, and finally announced that it will begin 'adult' talks with the United Kingdom on the Malvinas Islands.
Investments Wanted
The president reported that he was 'surprised by the speed with which we are achieving results, considering the data from when we took over the country's leadership', However, the consolidation of public accounts is a long-term process 'the population must understand that this process can take two years'. Crucial for Buenos Aires will be obtaining funds from abroad. "We would need investments because in the course of the recovery a decline in economic activity, a reduction in employment the collapse of real wages is possible," he said. As for privatisation, it will be carried out 'as quickly as possible'. 'We will privatise everything that can be privatised. This is not a question of names, but of technical matters,' he added.
Malvinas Node
.When asked about his stance on alliances and global positioning, Milei explained that he "does not disapprove" of the possibility of private companies negotiating with China, but that he does not share the Asian giant's geopolitical vision. "I will not be allied with the communists and reject being part of Brics. But the trade issue should not be touched. These are private sector decisions. We have to separate the geopolitical vision from the trade vision,' he said.
In the same vein, when asked about the existence of plans to claim the sovereignty of the Malvinas, he said 'we decided to have an adult relationship and start talking about the territorial issue'.
