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Caputo Hits Back at Marangoni in Public Clash Over Debt and Dollar Policy

The exchange spotlights a fight over debt levels, dollar strategy, industrial policy.

Overview

  • Economy Minister Luis “Toto” Caputo responded on X after Gustavo Marangoni labeled the government’s program “suicidal” during a Sunday streaming interview.
  • Marangoni said Argentina has “a cheap dollar financed by debt with irresponsible trade opening” and charged that Caputo “never set foot in a factory.”
  • Caputo questioned Marangoni’s motives and posted figures claiming a $60 billion reduction in consolidated debt since taking office, contrasting it with a $314 billion increase under predecessors.
  • Marangoni replied that the minister should “work seriously” to avoid repeated rescues driven by “bad decisions,” closing with the sarcastic “champion.”
  • The dispute plays out as U.S. political and financial backing for Javier Milei has featured in recent coverage, including statements of support and reports of a $20 billion swap, with no policy changes announced.