Argentine President Mauricio Macri, addressing the nation from Casa Rosada, the executive mansion, was noted saying that the path for Argentina was always going to be hard.
Key quotes:
“¢ Argentina can’t spend more money than the nation has.
“¢ Investors have started doubting Argentina’s ability.
“¢ Argentina’s situations changed mostly on external factors.
“¢ We must set a goal to not spend more than we have.
“¢ Argentina may reach an agreement with IMF in days.
“¢ Must make every effort to balance Argentina’s budget.
“¢ Argentina to set taxed on exporters.
“¢ This is an emergency and we need exporters to help.
“¢ Argentina to reduce ministries to half of the current amount.
“¢ Prices of some essential foods to be controlled.
“¢ Measures will lead to more poverty.
“¢ There will be food, aid programs for rising poverty.
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