US EditionJavier Milei's 'Spring' Begins with Borrowed Dollars and New Internal Consensuses
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7 Articles
Argentine President Javier Milei led his party to a resounding victory in Sunday's midterm parliamentary elections. Radical spending cuts, layoffs in ministries and offices, and free-market reforms proved to be far from alienating the public; quite the opposite. Let's examine the results of the libertarian president's rule.
Although Argentine agricultural companies have the possibility to finance themselves in dollars, in agriculture there are many pesified sectors that would assume a huge risk by opting for that alternative. For this reason, the nornalization of interest rates in national currency represents one of the main challenges of the economic policy of the government of Javier Milei.
El Periódico
The vertigo is a style of Argentine politics. When Javier Milei seemed to fall inexorably into the abyss due to the lack of international reserves and the poor social mood of the Argentines, a rain of dollars coming from the United States and the promise of greater assistance in case of complications, he turned the zobra into provindential grace. Milei not only won the legislative elections: he has created the conditions of a governability that …
The mid-term elections on 26 October set Javier Milei in charge: his party La Libertad Avanza exceeds 40%, consolidating his power and his liberal course. L'Argentina validates his economic turn, less brutal but still reformative.
Javier Milei’s overwhelming victory shakes Argentine politics and opens a stage of shock reforms. Markets celebrate the liberal turn, as doubts grow about the social cost and political viability of a program that promises to drastically shrink the state and tame chronic inflation.
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