HE president of argentina, Javier Milei, warned this saturday if National Congress If he does not approve the broad and deep reform package promoted by his government, the country will experience a crisis. “A disaster of biblical proportions.”
“If we don’t do what’s necessary now, we’re headed for a conclusion. economic disaster of unknown magnitude “For every living Argentine,” the president predicted in a message broadcast on the national radio and television network on Saturday night. Milei defended the bill, an initiative that includes sweeping reforms in several areas and was sent to Parliament days ago, gives extraordinary powers To the Executive Board Economic, financial, social and security related issues, among others, until the end of 2025, which will eventually be extended for another two years.
“This law provides the Executive with the necessary powers to act in the face of this emergency, to avoid economic disaster, as well as to promote deep reforms at all levels of trade, tax, production, social, security, education and government,” it claims.
“Caste model”
Milei, who took over the Presidency on December 10, said that the MPs They can reject the law and continue the model this has been a century we “impoverished” the country or approve of an attempt to make “profound change” and “embrace the ideas of freedom.”
The leader of the far-right party La Libertad Avanza, which is in the minority in the congress, amount and speed of measures About 500 people, he says, are needed to “mitigate the effects of history’s worst legacy” and leave it behind. “caste model “It is driving Argentines into misery.”
Argentina is experiencing a crisis, according to the president “national emergency Milei described a critical scenario: an economy with a consolidated deficit of fifteen points, a monetary problem of twenty points of GDP in the last quarter, artificially regulated prices, Central Bank without reserves and warned that given inflation, which has reached 1.2% daily in recent weeks, “this would mean around 7,500% on an annual basis.”
This is a “The legacy that condemns half the Argentines facing poverty” and “the initial situation is worse than in 2001-2002” “The worst crisis in Argentine history”. “What comes next will be difficult for everyone. But the other thing I’m sure of is that if our program is blocked by the same old people who don’t want anything to change, we won’t have the tools to prevent this crisis from becoming a social disaster of biblical proportions.” he warned.