Economy Minister Luis Caputo attacks opponents: 'Kirchnerism is hell, Kicillof is the antichrist’
Argentina’s economy minister made the remark at a business forum while defending the government’s economic record and its prospects for 2027. Leer más
Economy Minister Luis Caputo made a scathing attack on his political opponents on Tuesday during a business summit in Buenos Aires. Addressing concerns over Argentina's upcoming presidential election, Caputo likened Kirchnerism to "hell" and Axel Kicillof, the governor of Buenos Aires Province, to the "antichrist". "That's really how he is seen, and I understand that people see him that way because, effectively, he is," Caputo asserted.
The comments came as Caputo, President Javier Milei's top economic official, expressed worries about foreign investors' reluctance to back Argentina. Caputo accused Kicillof of wanting Argentines to stay poor and disliking people traveling abroad.
Furthermore, Caputo had harsh words for businesspeople advocating for a devaluation of the peso, branding them "mummies" or "miserable people" who desired a poor, closed Argentina with low wages and subsidized prices. Despite this fiery rhetoric, Caputo maintained that Argentina had ample reserves and safeguards to prevent significant currency volatility in the run-up to the 2027 elections.
The Central Bank could potentially buy between US$20 billion and US$30 billion in reserves under favorable conditions, Caputo stated, adding that he rejected the notion of a "plan platita" – a pre-election spending spree. Kicillof, a former economy minister and a key figure in the opposition to Milei, is widely expected to be a presidential candidate in the upcoming election, though he has not officially declared his candidacy.
Written by urgent.news from Buenos Aires Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
