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Argentine president holds first meeting of his cabinet

Buenos Aires, Dec 11 (Prensa Latina) The president of Argentina, Javier Milei, is holding on Monday the first meeting of his cabinet, as the initial measures of his administration are yet to be announced.

According to Télam news agency, the meeting will take place at the Casa Rosada after the presidential spokesperson, Manuel Adorni, offers a press conference regarding the president’s agenda and his first provisions.

Milei and Foreign Minister Diana Mondino will later receive the vice president of the Standing Committee of the National People’s Congress of China, Wu Weihua.

In his first speech after taking office, Miley assured that the only possible option for the current situation is an adjustment that falls with all its force on the State and not on the private sector.

“There will be stagflation (economic stagnation with increased unemployment and inflation), but this is the last bad drink to begin the reconstruction of Argentina,” he said.

“To have gradualism there must be financing and unfortunately there is no money. Therefore, there is no alternative to adjustment and shock. This will have a negative impact on the level of activity, employment, real wages, the number of poor and indigent”, said.

Milei signed his first Decree of Necessity and Urgency on Sunday, through which he reduced the number of ministries from 18 to nine and appointed his sister, Karina, as general secretary of the Presidency.

mh/llp/jcm/gas

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