Overview
- In his address opening the legislative year, President Javier Milei accused so‑called prebendary business leaders and corrupt politicians of collusion over privileges.
- He singled out Techint’s Paolo Rocca, alleging steel tubing was billed at about USD 4,000 per ton versus a USD 1,400 benchmark and claiming threats to advance dividend payments to strain the FX market.
- He pointed to the closure of tire-maker FATE, saying consumers were forced to pay three to four times more for tires as 920 jobs were put at risk during protection talks tied to the aluminum sector.
- He defended his stabilization drive, said the fiscal deficit was cut by five points upon taking office, praised Economy Minister Luis Caputo, and touted a newly passed labor reform as modernizing workplace rules.
- He attacked the Peronist opposition, labeling its leaders corrupt and asserting that former president Cristina Kirchner remains jailed in several cases.