CFK: 'There's no such thing as a free market'

President Cristina Fernández de Kirchner said “we must end with the myth of the existence of a free market” adding that “there still are some who accuse the government of applying barely legal measures in order to defend local industry and labour.”

“There’s no such thing as a free market as the one we were taught in schools or as the one that foreign powers recommend,” the Head of State said during the presentation of an Industrial Strategic Plan at the Government House.

Mrs. Fernández de Kirchner considered that "those who talk about the lack of a business environment” in the country currently have “more profitable balance sheets than the ones they had ten years ago.”

“Banks used to have a 3.9 percent profitability and they now have 24.5 percent,” she said.