DistantNews
Support us
Milei accuses Macri of 'defrauding Argentines' with debt restructuring
🇦🇷 Argentina /Economy & Trade

Milei accuses Macri of 'defrauding Argentines' with debt restructuring

From La Nación · () Spanish

Translated from Spanish, summarized and contextualized by DistantNews.

At a glance

News Named sources Ongoing story
  • President Javier Milei accused former President Mauricio Macri of "defrauding Argentines" with the 2019 debt restructuring.
  • Milei equated Macri's "reperfilamiento" (re-profiling) of peso-denominated debt to a default.
  • This is not the first time Milei has criticized Macri's handling of the debt, having made similar remarks previously.

President Javier Milei has directly accused former President Mauricio Macri of "defrauding Argentines" through the debt restructuring implemented in August 2019. Milei characterized Macri's "reperfilamiento" of peso-denominated debt, which involved postponing short-term public debt maturities, as a "default."

Various measures were taken to confiscate assets. For example, Mauricio Macri's own government defrauded Argentines by defaulting on the peso debt. Reperfilamiento? It's a polite word for default. Moreover, they called for a tax amnesty... I remember saying that if they did it, they would have a problem because, if Macri wasn't re-elected, they would come looking for them. What happened in the end? The Kirchners returned and went after those who declared assets.

— Javier MileiPresident of Argentina, accusing the former administration of financial misconduct.

"Various measures were taken to confiscate assets. For example, Mauricio Macri's own government defrauded Argentines by defaulting on the peso debt. Reperfilamiento? It's a polite word for default. Moreover, they called for a tax amnesty... I remember saying that if they did it, they would have a problem because, if Macri wasn't re-elected, they would come looking for them. What happened in the end? The Kirchners returned and went after those who declared assets," the head of state stated during an interview on the Neura streaming platform.

When asked by a journalist why he expressed himself so harshly about Macri, the leader of La Libertad Avanza (LLA) responded, "I'm not saying anything that... Did the reperfilamiento exist or not? Well. Isn't it a fraud? If you give someone money and they don't return it, what is it called?"

I'm not saying anything that... Did the reperfilamiento exist or not? Well. Isn't it a fraud? If you give someone money and they don't return it, what is it called?

— Javier MileiResponding to a question about his strong criticism of Macri's debt policies.

This is not the first instance of Milei criticizing Macri's debt reperfiling. He made similar statements during a speech at the Fundación Faro event the previous Wednesday. "Macri holds the record, he defaulted on the peso debt. Small detail, they called it reperfilamiento: it's called default," he asserted.

Macri holds the record, he defaulted on the peso debt. Small detail, they called it reperfilamiento: it's called default.

— Javier MileiReiterating his criticism of Macri's debt management during a previous event.
DistantNews Editorial

Originally published by La Nación in Spanish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

More Stories

From Our Blog