Francos, on the economic repercussions: “There will be no devaluation”

After the approval of the Bases law and its possible economic repercussions according to the reaction of sectors opposed to the government, the chief of staff, Guillermo Francos, rejected a devaluation and stated that “people are going to have to liquidate the dollars.” Now we will see our ability to manage the Bases law and attract investments, if we are efficient or not,” the chief minister began. Francos then referred to the impact of the law’s passage on the economy. He did not expect an immediate reaction from the markets. I suppose that the markets are still analyzing and will start analyzing the impact when some measures start to appear. The market is going to rebound when there is institutional stability and concrete economic measures,” he said. Along these lines, he maintained that “Kirchnerism has a need to obstruct, they did not finish assimilating the defeat,” and assured that “there will be no devaluation and people will have to liquidate the dollars.” On the other hand, in dialogue with Infobae, spoke about the relationship between the ruling party and the PRO, who achieved a general consensus for the approval of the project. “The relationship with the PRO is almost natural. We have worked very comfortably with them in dealing with these laws. Today, Milei has a much greater penetration capacity than that of the PRO,” Francos added.

Original source in Spanish