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Milei denied that the default rate is high and said the Government cannot be blamed
🇦🇷 Argentina /Economy & Trade

Milei denied that the default rate is high and said the Government cannot be blamed

From La Nación · () Spanish

Translated from Spanish, summarized and contextualized by DistantNews.

At a glance

News Sources not specified Context piece
  • Argentine President Javier Milei rejected claims that high default rates are the government's fault, calling such accusations "repugnant."
  • He criticized journalists, economists, and the opposition, accusing them of politically manipulating market categories.
  • Milei argued Argentina's default numbers are similar to those in the U.S. and Chile and suggested an "operation" to portray the economy negatively.

Argentine President Javier Milei strongly refuted any suggestion that his government is responsible for current default rates, labeling such claims as politically motivated and "repugnant." Speaking at the 142nd anniversary of the Rosario Stock Exchange, Milei directed sharp criticism at journalists, economists, and the Kirchnerist political movement.

There are no elements to blame the government's policy for what is happening with the default. They are politically using a market category that falls under the definition of repugnant and are trying to load these blames onto the Government.

— Javier MileiPresident Javier Milei warned that high default rates are not the government's fault.

Milei argued that market categories related to default are being politically weaponized to assign blame to his administration. He questioned the intense focus on default rates, stating, "The numbers in Argentina are similar to those in the United States or Chile." He insisted that his government had anticipated and implemented the measures being taken, fulfilling its promises. "We are doing what we said we would do," he asserted.

The numbers in Argentina are similar to those in the United States or Chile.

— Javier MileiMilei questioned the focus on default rates, comparing Argentina's figures to those of the U.S. and Chile.

The president accused opponents of orchestrating an "operation" to create a false narrative of economic distress. He specifically addressed a news report claiming a butcher shop was selling donkey meat, calling it a fabricated story allegedly spread by someone working for Brazilian President Lula. Milei suggested this was an attempt to instill a sense of desperation, linking the consumption of donkey meat historically to extreme hunger.

I refuse to believe that we are so stupid.

— Javier MileiMilei expressed disbelief at the public's focus on default rates, referencing past actions of the opposition.

During his lengthy address, which at times appeared chaotic and was marked by visible perspiration, Milei also stumbled over a reference, initially confusing the Rosario Stock Exchange with the Buenos Aires Stock Exchange. This gaffe drew audible disapproval from the audience, largely composed of agro-export businessmen. He later insulted journalists, calling them "hitmen" and "short-sighted."

We ate another opera. That we ate donkey. An operation set up by a journalism student who works for Lula. Why is there disgust over eating donkey?

— Javier MileiThe president referred to a news report about a butcher shop selling donkey meat as a fabricated operation.
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.

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