Kicillof puts the cost of Milei's policies at 270,000 formal job losses

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Source: elDiarioes

Kicillof puts the cost of Milei's policies at 270,000 formal job losses

The Editor, based on what Axel Kicillof, Governor of Buenos Aires said

Kicillof presented figures on labor market deterioration under the Milei government: 270,000 new formally unemployed workers, 22,000 businesses shuttered, and accelerating job precariousness. The only sectors showing positive trends are financial intermediation, mining, and oil, while industry, construction, tourism, and commerce are in free fall. What remains to be seen is whether INDEC's macroeconomic activity data for coming quarters will confirm or temper the picture Kicillof is drawing.

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Kicillof compares inflation under Milei with his own tenure as minister: 31% versus 23%

The Editor, based on what Axel Kicillof, Governor of Buenos Aires said

Kicillof stated that during his tenure as Economy Minister in 2014–2015, annual inflation stood at 23% without a severe recession or job destruction, compared to the roughly 31% annual rate under the Milei government, which he says has come at a steep social cost. Kicillof detailed how the national government has cut programs covering access to medicine, healthcare, and food, worsening extreme poverty in the province of Buenos Aires. The unresolved tension is whether that benchmark of 23% in 2015 — a period marked by price controls and a fixed exchange rate — is politically sustainable before the electorate, or whether the opposition will use it against him.

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Kicillof acknowledges presidential candidacy logic but makes Peronist rebuilding the prerequisite

The Editor, based on what Axel Kicillof, Governor of Buenos Aires said

Kicillof stated that speculation about his presidential candidacy has a 'relatively logical and natural' basis, since the Constitution bars him from running again as governor of Buenos Aires — historically the country's main presidential launching pad. He set an explicit precondition: before any campaign, Peronism must undergo a process of discussion, analysis, and introspection following its defeat in the 2023 runoff. The unanswered question is whether Kicillof will drive that rebuilding effort from an autonomous position relative to Cristina Kirchner or under her leadership — a tension that defines the Peronist internal struggle ahead of 2027.

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Kicillof accuses Milei of turning Iran into Argentina's declared enemy

The Editor, based on what Axel Kicillof, Governor of Buenos Aires said

Kicillof charged that Milei's foreign policy has led Iran to declare Argentina 'practically an enemy,' breaking with the Latin American tradition of non-alignment in external armed conflicts. He described Argentina's stance on international conflicts — including the situation in Gaza — as endorsing 'what amounts to genocide,' attributing this position to 'subservience' and 'subordination' toward the United States and Israel. The unresolved tension is whether this diplomatic rupture with Iran has concrete consequences for Argentines living in that country or for existing bilateral agreements — a dimension Kicillof does not address.

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Kicillof defends YPF nationalization after $15 billion ruling is overturned

The Editor, based on what Axel Kicillof, Governor of Buenos Aires said

Kicillof, the architect of the 2012 nationalization of a 51% stake in YPF, welcomed the reversal on appeal by a U.S. court of the $15 billion judgment that Burford Capital had obtained based on rights acquired for €15 million through Petersen's bankruptcy proceedings. Kicillof argued that gas and oil production — which had fallen by 50% — began recovering after renationalization, and that Argentina now runs an external surplus in the energy sector. The central unknown is whether the ruling definitively closes the litigation or whether Burford Capital has additional avenues of appeal before U.S. or international tribunals.

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