Milei warns of a “biblical catastrophe” if the Argentine Congress does not endorse his reforms

He President of Argentina, Javier Milei, warned this Saturday that if the National Congress does not approve the package of broad and profound reforms promoted by his Government, the country will experience a “catastrophe of biblical proportions.”

Unless we do what is necessary now, we are headed for a economic catastrophe of unknown magnitude for any living Argentine,” the president predicted in a message broadcast on the national radio and television network on Saturday night. Milei defended the bill sent days ago to Parliament, an initiative that contains extensive reforms in various areas and that In addition, if approved, it grants extraordinary powers to the Executive in economic, financial, social and security matters, among others, until the end of 2025, with an eventual extension for another two years.

“This law provides the Executive with the necessary powers to act in the face of this emergency situation, avoid economic catastrophe, in addition to promoting profound reforms in commercial, tax, productive, social, security, educational and all levels of government” , argument.

“The caste model”

Milei, who assumed the Presidency on December 10, said that the parliamentarians They will be able to reject the law and continue with the model that for a century has “impoverished” the country or approve the initiative to make “a profound change” and “embrace the ideas of freedom.”

The leader of the far-right party La Libertad Avanza, a very minority group in Congress, justified that the quantity and speed of measures -about 500, according to him- are necessary to try to “moothe the effects of the worst legacy in history” and leave behind the “caste model that plunges Argentines into misery”.

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According to the president, Argentina is experiencing a “national emergency situation which requires immediate and forceful action.” Milei described a critical scenario: an economy with fifteen points of consolidated deficit, a monetary issue of twenty points of GDP in the last four, artificially regulated prices, a Central Bank without reserves and with inflation that in recent weeks reached 1.2% daily, “which annualized would imply around 7,500% annually,” he warned.

It is a “inheritance that condemns half of Argentines to poverty” and an “initial situation worse than that of 2001-2002, which was the worst crisis in Argentine history”. “The next one will be hard for everyone. But the other certainty I have is that, if our program is obstructed by the same old people who do not want anything to change, we will not have the instruments to prevent this crisis from becoming a social catastrophe of biblical proportions,” he warned.