Entrepreneurs in front of Javier Milei: they are enthusiastic about the direction, but doubt the management and social consensus

Will it be your year? This is the question of some entrepreneurs who, enthusiastic about the all-or-nothing Milei plan, are worried the social license to those recipes known and relaunched by the hand of Federico Sturzenegger.

Others believe that votes they immunized, in what they define as a wave of indignation in which mistrust in the State, politics and institutions are mixed.

Of course there is a coincidence in the direction, but a new rift has emerged between them They have sunk investments in the country and are worried about the difficulties of implementation and the foreigners involved “in love with courage” and they underestimate these difficulties.

Some and others are honing a rarely seen DNU. “It’s a shock uncertain prognosis, but we can no longer analyze with the same categories. The moment is very delicate and we have a President willing to carry everything forward,” an industrial leader said off-camera.

In that industry they closely follow what happens in the workplace. Gerardo Martínez had said that “the presentation of the CGT aimed at the legal security of workers”.

The UOCRA leader has a direct arrival at Milei. He turned to the constitutional lawyer Alberto García Lema and the advice of economists Alfonso Prat Gay, Eduardo Levy Yeyati and Martín Rapetti.

It’s one of those that push to tripartite table of institutionalized dialogue between entrepreneurs, CGT and government. “An Irish or Portuguese solution,” he claims from his experience at the ILO.

Other meetings with the President transcend, some organized by the television producer Juan Cruz Avila, where a speech by Milei that continues to surprise does not change in private and your admiration for Mauricio Macri whom you treat and call “taken”.

In one of these meetings and before the public hearing for the tariffs, they brought him the Uruguayan model which provides for the first 200 kilowatts of electricity consumption. light at a very low price and the rest free.

Precisely in the energy sector, price liberalization is seen as a boost to investments. YPF will announce the agreement with Malaysian Petronas for the liquefied gas plantthe only way to export it to the rest of the world and exploit the Vaca Muerta with gas for 170 years of self-consumption.

And the major oil companies, Tecpetrol, Pampa, PAE and Vista aim to take over the seven sectors belonging to the American company Exxon put up for sale in the Neuquén area.

Two pending lines in the tender to reverse the pipeline carrying gas from Vaca Muerta to the northern provinces will open next week. Given the decline in Bolivian production, Córdoba could also run out of petrol.

The Minister of Infrastructure, Guillermo Ferraro, said that the public works underway and those that have credits from bodies such as the IDB, the World Bank and the CAF, continue.

This is a wallet with 200 ongoing projects that also address social and educational issues and amount to $30 billion of financing. The first signal was offered by Luis Caputo when he appointed Matías Mana as director. Mana, who came to the ministry with Macri, followed and reported to Leo Gorgal, the Massa official in charge of relations with those banks.

In the exclusive Uruguayan resort of José Ignacio, several bankers, oilmen, Unicornios owners, club presidents and investment fund directors, who agree with the decree, propose how The main doubt is social consensus. They argue that if Milei does not demonstrate deficit reduction, there is danger. Many frequent the President: “I am pragmatic” calms them down.

“It’s what you have to do to get out, but the challenge is do it in a calibrated way. The road is difficult. Israel happened to resort to consensus. If there are results, Argentina will return to the international market and find credit,” says Alejandro Pitashny, economist at Capital Inversión y Desarrollo based in Madrid and Paris.

Pitashny communicates to financial circles that he is already aware of Sturzenegger’s initiative I thought it was utopian. In the banks they criticize the competition with Mercado Pago on salary accounts and this was made known to the Bruchou and Funes de Rioja studio, one of the advisors of the mega decree.

“I’m optimistic,” says Gabriel Martino, formerly of HBSC, ready to seek more funds for his technology investment fund.

But they also project in refrigerators a business with an exportable beef in all its parts. In the decrees there is even a rule that recognizes the intellectual property of seeds. This is no small thing in an Argentina where most of the plantations are of black seeds, which has given rise to the the main nursery in the country, Don Mario, of the Bartolomé family, to grow more in Brazil. He is doing very well, he is the leader of the giant that is about to produce 1,000 million tons of cereals.

But the devil is in the details and the B-side is what happens in the regional economies that have cried out in response to a ““Irrational deregulation”, as in wine, sugar, biofuels and grass. Governors of all political orientations are leading this battle. Those of fishing Yesterday they got some concessions.

Outside of the decrees there is another surprise and it is the poor acceptance of the importer debt bonus. Most prefer to hold the weights and wait.

As far as the International Monetary Fund is concerned, the arrival of the mission is seen as a very positive message. In Washington it is said that the same academics at the International Monetary Fund are talking about a “Argentine debt cut”that is, a tailor-made cut.

Caputo’s team celebrates the retention of Leo Madcur, already a historical figure in this negotiation. And it is learned that there are internal affairs due to the names of those who would go to the World Bank and the IDB.

As soon as Milei took office, there was a White House visit that went unnoticed. It was that of Deputy National Security Advisor for International Economic Affairs, Mike Pyle.

This former executive of the Black Rock fund He met with Cabinet Chief Nicolás Posse, Caputo and Central Bank President Santiago Bausili. Pyle is the Biden’s Sherpas in the G-7 and G-20, the mission that the former ambassador to Washington Jorge Argüello had and which is now owned by Federico Pinedo.

In their dialogues, Pyle said Washington is predisposed to a president who seeks to align with the United States and values ​​stance on China.

After Pyle it was the turn of Jay Shambaugh, undersecretary for international affairs of the US Treasury, who in his rounds with the economists prodded: “Why do they want money if they will get harvest dollars? and they promise a draconian adjustment in spending.”

Some responded that there will be crucial tests, such as the social reaction to rising rates. They are the ones who talk about the “Ides of March” if Caputo fails to support the official dollar at $800 due to inflationary shock.

Pablo Gerchunoff wrote in his monumental Alfonsín the Inverted Planisphere: “Fragile governments of fragile and conflicted nations only have an economic opportunity if they have one.”