Argentina President Macri: May reach an agreement with IMF in days

Haresh Menghani FXStreet

Argentine President Mauricio Macri, addressing the nation from Casa Rosada, the executive mansion, was noted saying that the path for Argentina was always going to be hard.

Key quotes:

• Argentina can't spend more money than the nation has.
• Investors have started doubting Argentina's ability to repay its debts.
• Argentina's situations changed mostly on external factors.
• We must set a goal to not spend more than we have.
• Argentina may reach an agreement with IMF in days.
• Must make every effort to balance Argentina's budget.
• Argentina to set taxes on exporters.
• This is an emergency and we need exporters to help.
• Argentina to reduce ministries to half of the current amount.
• Prices of some essential foods to be controlled.
• Measures will lead to more poverty.
• There will be food, aid programs for rising poverty.

Author

Haresh Menghani

FXStreet

Haresh Menghani is a detail-oriented professional with 10+ years of extensive experience in analysing the global financial markets.

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