At the delivery of the 2024 edition of the Juan de Mariana Institute property in Madrid, President Javier Milei defended his economic policies and assured that the economy is recovering.
President Javier Milei at the Juan de Mariana Institute.
In the delivery of “Juan de Mariana 2024 Award for an exemplary defense of the ideas of freedom” at the Royal Casino of Madrid, President Javier Milei assured that the economy is recovering. “In the April and May indicators there is a rebound, the economy is recovering,” he said.
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Furthermore, during his one-hour speech Milei defended his libertarian ideas, defended the “biggest adjustment in history” made by his government and once again predicted that they are going towards free currency competition and the closure of the Central Bank of the Argentine Republic.
Before receiving the award, President Milei made an evaluation of the inheritance he received, according to his vision, upon assuming the government. With twin deficits “amounting to 17 points of GDP,” he faced a drastic adjustment of 15 points of GDP, he said. “They told us it was impossible. The sommeliers in the adjustment are more like scissors and a blender. 10% of the adjustment is a blender,” he defended himself.
“We made the largest fiscal adjustment in the history of humanity. At the beginning, we knew that we had to stop the monetary issue. In the first week of December, prices grew at 1% per day. That is, at 3,700 per year. In the first days December had accelerated at the rate of 7 thousand percent annually. When you take the inflation, that of December was 54%. That annualized gives 17 thousand percent,” he explained to the audience of the libertarian Institution that filled the Madrid Casino.
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President Javier Milei in the center with the directors of the Juan de Mariana Institute. On the left, dressed in white, is her sister Karina.
The full speech:
Embed – LIVE special MILEI in SPAIN: Presentation of the Juan de Mariana 2024 Award
Milei was decorated by the mayor of Madrid, Díaz Ayuso
President Javier Milei received the International Medal of the Madrid Community from Isabel Díaz Ayuso and once again spread his libertarian message. “We come from the future to tell you a story that should be avoided. It is the damage that socialism causes. Don’t let socialism ruin your lives“, said.
Mayor Díaz Ayuso and leader of the right-wing Popular Party defined it as an “honor” to receive Milei since “Argentina is on the international map in a way that has not been seen for years.” For the Spanish. Milei faced “the extreme economic situation” with “firmness and courage.”
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