Milei announces it will privatize the YPF oil company and Argentina’s public media

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Argentina’s president-elect has affirmed that “anything that can be in the hands of the private sector will be in the hands of the private sector.” Following Milei’s victory, Argentine companies listed on the New York Stock Exchange have seen their values ​​skyrocket.

The elected president of Argentina, Javier Mileihas endorsed one of the ideas he developed during the election campaign: the privatization of the oil of the state majority, YPFand public media.

“Anything that can be in the hands of the private sector will be in the hands of the private sector”Milei said this in an interview with radio Miter, the day after winning the presidential elections that will bring him to the presidency of Argentina on December 10.

Milei announced his intention to sell YPF, the oil company controlled by the Argentine state since 2012 the energy company Enarsa.

The libertarian economist has also pointed out that both “need to be privatized.” Public television such as National Radio and the state news agency Télam. “Public television has become a propaganda mechanism,” he added.

Yesterday, Monday, the Argentine companies were listed on the NYSE They saw their values ​​skyrocket on Wall Street. His response was highly anticipated as it was a public holiday in Argentina and the Buenos Aires Stock Exchange was inactive.

Milei defeated the official candidate (Peronism), the current Minister of Economy, Sergio Massa, with 55.69% of the votes, who obtained 44.3%, to occupy the presidency of Argentina.

Source: EITB

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