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Javier Milei It devastated 21 of Argentina’s 24 provinces. In the second round, on Sunday, the libertarian candidate beat the Peronist by more than 11 points Sergio Massa, who is also the current Minister of Economy. The Argentine newspaper La Nación described the Milei phenomenon as the most extraordinary leap to power since the return of democracy 40 years ago.
Just to get an idea of how extraordinary the triumph of Milei, it is worth mentioning that Advances of Freedomhis anti-establishment party did not exist until two years ago.
LOOK: The keys to Milei’s victory: “The clearest message is that Argentine society got tired and decided to change”
Argentina It is mired in a deep economic crisis, with annual inflation exceeding double digits and poverty rates that are rising. It is in this context that the proposal for radical change that was expressed Milei caught on among the citizens, who decided to turn around and punish the Peronismwho governed the country for 26 and a half of the 40 years since the return to democracy after the last military dictatorship (1976-1983).
“Today the reconstruction of Argentina begins. The model of decadence has come to an end. There is no way back. Enough of the impoverishing model of race“, from the omnipresent State, which only benefits a few while the majority of Argentines suffer, today we embrace freedom to once again be a world power”, he said. Milei, 53 years oldon Sunday night, during his first speech after confirming his landslide victory.
“Today the idea that the State is a loot to be distributed among politicians and their friends ends,” he continued.
“Today is a historic night, not because of us, but because one way of doing politics has ended and another is beginning,” he insisted. Milei.
“Today we once again embrace the ideas of freedom, the ideas of our founding fathers,” he added.
Milei He will take office on December 10, replacing the Peronist Party. Alberto Fernándezwho chose not to run for re-election.
Below, we explain the factors that were fundamental to the triumph of Milei.
The Economist Javier Milei He will govern a country that records annual inflation exceeding 142% and where poverty is above 40%.
Argentina must also make millionaire disbursements for the International Monetary Fund (IMF) for the 45 billion loan granted in 2018, during the president’s administration Mauricio Macri.
Milei He has already announced that he will seek an agreement with the IMF is that is willing to make adjustments to public spending even above what this organization requires. This could lead to a cut in state subsidies of millions of dollars for public service fees and social programs, which affect several million Argentines.
In his opinion column in the newspaper La Nación, the journalist Claudio Jacquelin explained on Monday that the more than 11 percentage points he obtained Milei for Pasta express the indignation of a social majority with the succession of failures in recent years and the disastrous economic situation, in addition to the fear that a way of doing politics and governing would be rewarded or perpetuated. “Rejection and fear that everything will remain the same or worsen the needs of society”, he indicated.
“Yesterday’s election is more of a consequence of the critical situation of the present and the failures accumulated over more than a decade what a sure and convinced bet on the future of all its voters. The rejection of the known (and suffered) prevailed over the unknown or the horror of the unknown. An absolute change, without a network, that Milei “He interpreted and incorporated this better than any of the rivals he had in this long electoral process,” he added. Jacqueline.
In turn, the Argentine political analyst Rosendo Fraga He told BBC Mundo that “Milei appears as an alternative where the economic and social situation is even worse than in the previous two opportunities (in reference to the hyperinflation of 1989 with Raúl Alfonsín and the social upsurge of 2001, when Fernando de la Rúa fell).”
So, in this context that the country lives in, the selection of Pasta as a candidate for Peronism It was very risky, since he has been Minister of Economy since July 2022, for more than a year, and he is given much of the responsibility for the current crisis. What is more, In the campaign he was labeled the minister of 142% inflation.
This Monday, Milei He gave several interviews to the Argentine media where he indicated that Controlling inflation will take between 18 and 24 months. Furthermore, it announced that its first measures will include privatization of public companies and profound reform of the State.
“We will start first with the reform of the State, to put public accounts into money very quickly,” he told Rádio Miter.
Javier Milei Prometheus dollarize the economy, close the Central Bank to end inflation and cut public spending. These were his campaign axes.
Milei He defined his speech as libertarian and anarcho-capitalist and promised “a limited government, which strictly fulfills the commitments it made, respect for private property and free trade”.
With his constant statements against “race parasitic and absurd politics [ladrona]”, Milei He convinced more than half of Argentines, most of them young voters.
“I’m excited because the politicians’ work (coup) is over, they will start using dollars and the country will improve much more”Nicolás Fernández, a 19-year-old student who participated in the street celebrations for the victory of Milei.
“He is the only politician, so to speak, who delivers what he promises. He already promised his salary and donated it, so this is an example”, added the young man, referring to the promise fulfilled by Milei draw among his followers the salary he earns in Congress, where he has been a deputy since 2021.
Will it go forward Milei all your promises, including the most radical ones? Javier Casabal, fixed income strategist at Adcap Grupo Financiero, told the AP that we need to wait for their announcements to see “if they move more towards moderation, to know how quickly we will get rid of the burden, how quickly the recovery plan can advance dollarization.” One of the problems in carrying out the dollarization is the lack of foreign currency in the country, economists warned.
Furthermore, it must be taken into account that In Congress, Milei’s party has only 38 of the 257 national deputies and 7 of the 72 senators.That is why it must seek alliances and strengthen the one it already has with the center-right.
After the first round on October 22 Javier Milei received important support from Together for Change (center-right), whose candidate, Patricia Bullrich, came in third place. Bullrich joined Mauricio Macriand the three captured the call Acassuso Pact.
At the first roundsurprisingly Massa was 7 points ahead of Milei.
He Peronist obtained 9.6 million votes, against 7.9 million Milei and 6.2 million Bullrich.
But in Second round, Milei turned things around, ended up with 14.4 million (6.5 million more) and Massa 11.4 million (only 1.8 million more).
Thus, experts explain, the majority of votes Bullrich they left without any problems Milei.
The newspaper Clarín explained the fundamental role that Macri in the approval of votes Milei. He said that when the former president decided to publicly seal his support for the libertarian, he guaranteed that the votes of Juntos pela Change would go to him.
This alliance also had a political cost for Macri. The opposition coalition Argentina It currently has 94 seats in the Chamber of Deputies and 21 in the Senate, but not all of them will continue under the guidance of the former president.
He Acassuso Pact generated discomfort from the Radical Civic Union and the Civic Coalition.
“At least 35 deputies will be able to join the almost automatic monitoring of Mileibut this is not enough and we will have to negotiate with the radical wing of the opposition, although this type of majorities will be recalculated in each discussion”, said Leandro Domínguez, director of political analysis at the Direção Legislativa foundation, to the EFE agency.
Source: Elcomercio
I am Jack Morton and I work in 24 News Recorder. I mostly cover world news and I have also authored 24 news recorder. I find this work highly interesting and it allows me to keep up with current events happening around the world.
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