Overview
- President Javier Milei, in a Monday interview on Neura, said the August 2019 reperfilamiento of short-term peso debt amounted to an "estafa" and directly blamed former president Mauricio Macri for defrauding Argentines.
- The reperfilamiento was a technical postponement of short-term public bond maturities that critics call a form of default because creditors did not receive scheduled payments on time.
- Milei defended his language by saying he was stating facts and tying the 2019 move and a prior tax amnesty to reasons Argentina lacks investment-grade ratings.
- PRO pushed back forcefully through Fernando De Andreis, who warned the government would struggle to govern without PRO's votes in Congress and praised Diego Santilli's recent appointment as chief of cabinet as stabilizing.
- The public clash follows internal coalition strain over Manuel Adorni's exit and highlights a larger risk that disputes over past economic decisions could affect the government's ability to pass laws and deliver policy.