Spanish businessmen, behind closed doorways with Milei: “He tells us that he will turn Argentina into a reliable country for investment” | EUROtoday

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The president of Argentina, Javier Milei, has managed to carry collectively fifteen representatives of enormous Spanish firms and banks at a gathering in Madrid to attempt to appeal to funding. “He has told us that he will turn Argentina into a reliable country for investment”One of the attendees advised this newspaper, requesting anonymity within the face of the controversy unleashed by the go to of the Argentine president and his unhealthy relationship with the Government.

According to the testimonies collected by this newspaper, Milei has not attacked the Government of Pedro Sanchezand has centered on explaining his financial plan for Argentina and its curiosity in having overseas funding, notably Spanish, to spice up progress and employment. “He has explained to us his project to reduce inflation and debt and offers legal security and regulatory stability. He has insisted that without companies there is no growth,” says one other enterprise chief.

The delegation was led by the president of CEOE, Antonio Garamendi, and high-level executives such because the CEO of the Santander group, Hctor Graythe vice chairman of Mapfre,José Manuel Inchausti, the CEO of Telefnica HIspam, Alfonso Gomez, amongst different representatives of teams with curiosity in Argentina akin to BBVA or Naturgy. Also Alonso Aznarson of the previous president of the Government, at present a fund supervisor, has attended the assembly.

The Argentine Embassy has subsequently issued a press release with this checklist of firms represented: Abertis, AB Living, BBVA, Consello Group, DIA, Ecoener, Iberia, Mapfre, Naturgy, Pypsa, Rothschild, Santander, Telefónica and Unir. The president's sister and present Secretary General of the Presidency has additionally participated, Karina Milei, though within the official picture launched of the assembly it’s evident that gender equality continues to be a really pending situation in firms.

Those attending the meeting pose with Milei

Those attending the assembly pose with MileiEmbassy of Argentina in Madrid

The assertion corroborates the model supplied to this newspaper by attendees: “Milei highlighted the proactive actions that are being carried out to attract more foreign investments, highlighting the commitment of its administration to improve the business climate and ensure the legal security necessary to operate in Argentina.”

According to the embassy, ​​”The participating businessmen expressed their interest in exploring new investment opportunities in Argentina“, motivated by the shows of the Head of the Executive Branch and the ensures provided when it comes to financial stability and regulatory transparency.”

CEOE sources explain, for their part, Garamendi's presence, “inside the institutional normality in Spain's bilateral relations.” The president of the employers' association also attended another meeting with the president of EcuadorDaniel Noboa, this week in Madrid and he usually does it on this type of visits. They also emphasize to employers that Spain is the first European investor in Argentina and is an important G-20 country for Spanish companies.

One of the attendees assures that, beyond political differences, what Milei proposes on an economic level, “is a positive enterprise framework very completely different from earlier Argentine governments, the place Spanish firms have been mistreated.” Alludes to surprise regulatory changes already from the stage of Nstor Kirchner and his wife Cristina and the nationalization of YPF without sufficient compensation to Repsol. “Milei has emphasised that she needs Argentina to be a dependable nation for traders and to help overseas funding.”

Milei has assured for his part that his meeting this Saturday with Spanish businessmen has gone “fabulous”, in the second journey of a trip to Madrid to participate on Sunday in an event with international far-right leaders, according to Efe.

In brief statements to the press upon leaving the Argentine embassy in Madrid, he added that in a month he will return to receive an award from the liberal entity. Juan de Mariana Instituteand that he does not believe that the Spanish Government will want to meet with him when he returns.

During his current stay in Spain, it is not expected that he will meet with any national authority. A diplomatic crisis recently occurred between the Spanish Government and Milei when the Minister of Transport, the socialist Oscar Puente, suggested that the Argentine president takes “substances.”

Milei lowered the window of the car in which he left the legation and answered questions from journalists who were waiting for him, while a group of supporters shouted “President, president” and “Strength, power.”

On the contrary, he was greeted with protests from bare-chested radical feminists from Femen shouting “Milei shouldn’t be freedom, it’s fascism”.