00:00The Mercosur is a historical milestone, there is an agreement between the Mercosur and the European Union
00:05with some dissidence of the president, which we will now review.
00:09This happened at this time, Milley received by the chancellor,
00:14with a very hard speech, that of Milley, but with a historical fact that we are now going to review.
00:18Exactly, let's see, Milley said that the Mercosur is a prison,
00:23a choice for the economic development of the country and of all the member countries that are part of the Mercosur,
00:29and he said it in this speech.
00:31The president is speaking live now, attention.
00:33Yes, he is assuming the presidency of the Mercosur by the Uruguayan president.
00:42There we are, Calle Pou, he gives him a hand, he welcomes him, and now Milley speaks,
00:47no longer as one more president, but as president of the Mercosur, the regional economic bloc.
00:56Let's see, Cata.
00:57There, well, end of the broadcast, but we were reviewing a little of the things that Milley said,
01:02which were very well received precisely by Calle Pou,
01:04which we are seeing there in these images, which is the Uruguayan president,
01:08who is encouraging, because he was also at this summit,
01:11the new one, the one who is going to assume in Uruguay, who is Yamandu Orsi,
01:15but Calle Pou had been complaining in solitude in the Mercosur of something that Milley proposed today.
01:21He wanted free trade for the member countries of the Mercosur,
01:25and the rest of his regional partners resisted.
01:28So when he heard it, and Milley saying, it's a choice, it's an obstacle,
01:33we have to flexibilize, it's not that we are leaving the Mercosur,
01:36but what we have to allow is, in Creole,
01:39that all member countries can have free trade treaties,
01:42he wants free trade with the United States, he wants to propose other things,
01:46Calle Pou obviously celebrated all this,
01:49that our Argentinean president was saying in Uruguay,
01:52and on the other hand, this historical agreement was signed,
01:55which had resistance from more protectionist countries,
01:58such as France and Italy, to make this free trade between Europe,
02:05the European Union and the Mercosur.
02:07Cata, let me listen to the president,
02:09I'll give you Winocur to provide more data.
02:11This happened just minutes ago, there in Montevideo.
02:16I am here today as president, I would like to speak mainly as an economist.
02:21And take advantage of the day of the date,
02:23having been fulfilled for more than 30 years since its foundation,
02:27to remember the mission of the origin of the Mercosur,
02:30and to evaluate together whether it has been or not up to its original prognosis.
02:36Because institutions must not be evaluated for their intentions,
02:40but for their results.
02:43Unfortunately, simultaneously and as a result of the ideas prevailing at the time,
02:49to our wrong judgments,
02:51a system of common external arancel was proposed to try to protect the industry of our countries,
02:56believing that this would bring a benefit to our citizens.
03:00Unfortunately, the path to hell is paved with good intentions,
03:05and as Professor Huerta de Soto has once pointed out,
03:09whenever the State intervenes, it generates a worse result than it had before it intervened.
03:15Therefore, it is not a surprise for a liberal like me,
03:18that the result of these measures has been the opposite of what was intended.
03:23Consolidating ourselves in a common block, not only made us grow, but also harmed us.
03:30While neighbors like Chile and Peru opened up to the world
03:34and established trade agreements with the protagonists of global trade,
03:38we locked ourselves in our own cage,
03:41taking more than 20 years to close an agreement with which we celebrate today,
03:46which is still far from being a reality.
03:49It cannot attract attention, then,
03:51that the economies of our neighbors have grown so much more than ours.
03:55While they have a free trade agreement with more than 20 countries,
03:59we have similar treaties only with the rest of South America, Egypt and Israel.
04:04Although the responsibility of the Argentine failure falls mostly...
04:08The President is speaking in a tough speech.
04:11What has strongly bounced is this idea that the President has raised,
04:15that the regional block is a cliff.
04:18Two concepts to take into account.
04:20Let's see how that falls.
04:21First, there was, as far as we could see, no kind of greeting with Lula da Silva.
04:26Miley arrived for the family photo.
04:29He was at the other end with regards to Lula.
04:32And then, when one reviews the speech, what Miley says,
04:35which we have seen in Criollo, is,
04:36all this about Mercosur is very nice,
04:38how nice that we are together,
04:40but it did not work at all,
04:42we grew below the rest of the countries of the region,
04:44when the United States tried to make an agreement with us,
04:47we, for ideological reasons, discarded it,
04:50we are trading much less of the world,
04:52and we have to review this of having a common arancel.
04:54Basically, Miley's proposal is, in practice,
04:57that Mercosur should cease to exist as we know it now.
05:02Yes, but he does not want to leave.
05:03Without leaving.
05:04Of course, it is very difficult to break,
05:06it is very complicated to break,
05:08but what he is proposing, in practice,
05:10is that it ceases to work the way it was working.
05:13A detail to take into account,
05:15that I am already live with Gustavo Descalzi,
05:17this photo of Pou Street with Orsi next to it,
05:19is a photo...
05:20That we would like to have here in Argentina.
05:22Of course, you envied him a lot.
05:23Totally.
05:24Because the levels of institutionality they present are very high.
05:27They are here just to review them.
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