Pope Leo challenges Milei's vision for Argentina's economy
In front of President Javier Milei and his Cabinet, Vatican leader raises concerns over plight of pensioners and exodus of young people abroad; Catholic leader defends education funding and questioned an austerity model that lacks social inclusion. Leer más
Pope Leo XIV confronted President Javier Milei's economic vision for Argentina at a meeting in the Palacio Libertad, addressing pressing issues like unemployment, declining purchasing power, and social indicators pointing to a widespread crisis. The Pope criticized Milei's libertarian agenda, which focuses on fiscal austerity, reduced consumption, and using natural resources for the benefit of local communities.
He emphasized the importance of natural resources benefiting local communities and challenged the idea that the economy should serve the person, rather than the person serving the economy. The pontiff also highlighted the impact of recession on vulnerable groups, such as families struggling to make ends meet, the unemployed, and the elderly.
He called for inclusive economic growth and stressed the need for Argentina to invest in education, vocational training, universities, and research. Leo urged political leaders and business representatives to create opportunities and stimulate private initiative, ensuring that growth reaches those facing the greatest difficulties.
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