2023-11-20 04:58:15
The recent electoral contest marked a significant shift in the political and economic landscape of Argentina. Sergio Massa’s decision to take leave from the Palacio de Hacienda after losing to Javier Milei is not simply a protocol act. It is presented as a strategic move to facilitate the transition with the president-elect, but it also reflects the recognition of a resounding defeat.
Massa, recognizing his defeat, transfers the responsibility for economic stability to Javier Milei. In a turn of events, Milei is now faced with the challenge of offering certainty about economic functioning starting this Monday. However, the president-elect insists that, until December 10, when he takes office, everything remains the responsibility of the current government of Alberto Fernández.
Massa leaves the Ministry of Economy to facilitate the transition
The economic transition will be under the supervision of Raúl Rigo, Secretary of the Treasury, and Miguel Pesce, President of the Central Bank of the Argentine Republic. Rigo will be in charge of the transfer of public accounts, while Pesce, in the midst of the proposed closure of the Central Bank, has the task of managing an entity that could radically change.
Massa, speaking to Milei to congratulate him, sets the tone for the “liaison and transition mechanisms of democratic replacement.”
Javier Milei, in his response, requests “responsibility” from the current Government until the end of its mandate. This call highlights the importance of maintaining stability in the country during this political and economic transition.
Sergio Massa’s entourage points out that the logic behind the decision is based on the recent competition between the two candidates, especially in the economic area, the most sensitive these days. This factor adds an additional layer of complexity to the transition, highlighting the need for careful management at a crucial time.
With the assertion that “there is no room for gradualism,” Milei advances a hard, shock, and fast approach to implementing “structural” measures.
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