# Javier Milei's Policy Agenda in Argentina: A Comprehensive Analysis

## Introduction

Javier Milei's election as President of Argentina represents a significant ideological shift in the country's governance.

This report examines Milei's policy agenda, including his economic reforms, political approach, and institutional changes, analyzing their impact on Argentina's institutions, economy, and society.

As a libertarian leader, Milei has introduced radical market-oriented strategies that are reshaping Argentina's governance structure and positioning the country differently in the global arena.

## Economic Reforms

### Dollarization and Monetary Policy
Milei's most significant economic proposal is dollarization—replacing Argentina's peso with the US dollar.

This policy aims to combat Argentina's severe inflation, which reached 143% annually.

Critics argue that dollarization would deplete the central bank's US dollar reserves and potentially lead to hyperinflation.

However, supporters counter that Argentina's inflation crisis stems from years of poor monetary policies, with inflation rising steadily since 2007, long before Milei proposed dollarization.

Complementing this approach, Milei has pledged to abolish Argentina's Central Bank, which he accuses of excessive money printing to finance government spending.

This represents a radical departure from conventional economic management and reflects his libertarian ideology.

### Fiscal Restructuring
Milei has announced plans to eliminate approximately ten government ministries, including health and education, as part of his government downsizing strategy.

This restructuring aims to reduce public spending and the size of the state apparatus.

Additionally, he intends to privatize major public companies, transferring services from the public to the private sector.

In the early days of his presidency, Milei's economic team achieved a significant victory when Argentina's Central Bank sold $1.

18 billion in bonds aimed at helping importers

# Javier Milei's Policy Agenda in Argentina: A Comprehensive Analysis

## Introduction

Javier Milei's election as President of Argentina represents a significant ideological shift in the country's governance.

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Content: Argentina ’ s first election ends with 116% inflation
Central News Agency
(Central News Agency, Buenos Aires 13 comprehensive foreign report) Argentina's primary election voting ended tonight, it is expected that voters will punish the ruling center-left coalition with one vote, spitting out the anger of inflation as high as 116%.
The cost of living crisis has left four out of every 10 people in poverty.
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Argentina ’ s primary election is mandatory for most adults, with one vote per person, essentially a big preview of the October election that will clearly point to who is most likely to win the presidency.
This is critical to the country ’ s policies, affecting not only Argentina ’ s huge agricultural sector, one of the world ’ s largest exporters of soybeans, corn and beef, but also negotiations with the International Monetary Fund to restructure its $44 billion debt.
The economic crisis has left many Argentines extremely disappointed with the main parties — the Peronist coalition and the conservative opposition, Together for Change — and has opened the door to an unexpected victory for far-right liberals.
Adriana Alonso, a 42-year-old housewife, said: “This is another opportunity for us to change the status quo.
Inflation is killing us, and job uncertainty is preventing you from planning your life. ”
With official results expected later today, attention is focused on the leadership battle within conservatives and the dark horse of liberal candidate Javier Milei.
A source in the conservative coalition said Mirei had performed "extremely well" and was worrisome.
Some voters plan to protest by not voting, or by voting for marginal parties.
The trend could turn against more moderate presidential candidates, including centre-right Buenos Aires Mayor Horacio Rodríguez Larreta and Economy Minister Sergio Massa.
The most important leadership battle is with Patricia Bullrich, a hard-line conservative former security minister from Laretha, both of whom have pledged to implement more austerity measures and move toward freer markets.
One unexpected factor is the liberal economist Mile Rey, who won nearly a fifth of the likely votes in the polls.
Miley won the support of voters in an arrogant, unapologetic style.
He wants the economy dollarized and the central bank closed.
Goldman Sachs, the investment bank, said in a report that the “strong performance of the liberal candidate is surprising, and three candidates may start fierce competition in October. ”
Although fines are imposed on those who do not vote, polling organizations expect turnout to be low.
Political analyst Carlos Fara said: "More people should be expected to abstain, and perhaps more blank votes."
We have also seen warnings in this regard in the provincial elections held so far. "
“The most difficult thing to predict is Mirei ’ s performance, because he is a phenomenon that is beyond the political benchmark. ”
Whoever wins in October, or more likely in November, will make big decisions about rebuilding Argentina ’ s depleted foreign exchange reserves, boosting grain exports, curbing inflation, and how to loosen currency controls.
Argentina needs a "road to the future", says Jorge Boloco, a 58-year-old businessman, but no political party offers a clear direction.
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Content: MercoPress, en Español

Montevideo, October 19th 2023 - 01:24 UTC

Argentine President has busy agenda in China

Wednesday, October 18th 2023 - 08:57 UTC
Full article 0 comments

Argentine President Alberto Fernández met with the head of the New Development Bank (NDB), Dilma Rousseff, to advance the South American country's accession to the BRICS financial institution.

Fernández's entourage included Argentina's Ambassador to China, Sabino Vaca Narvaja; head of the Central Bank of Argentina (BCRA), Miguel Pesce; Deputy Foreign Minister Cecilia Todesca; and Secretary General of the Presidency, Julio Vitobello.

Also attending the meeting were NDB Vice President Vladimir Kazbekov, Chief Operating Officer Qingwu Zhou, and Rousseff's advisor Marco Tulio Mendoca, among others. The NDB was established by the BRICS in 2015 to provide a financing alternative to the International Monetary Fund (IMF) and the World Bank. Former Brazilian President Rousseff took over as head of the institution last March after Luiz Inácio Lula Da Silva came to power, replacing Marcos Prado Troyjo, who was appointed by Jair Bolsonaro.

Later Tuesday, Fernández traveled to Beijing to attend the opening ceremony of the III Forum of the Belt and Road, an event that brought together leaders from 80 countries to discuss China's role in the international arena, along with Chinese President Xi Jinping and Russian leader Vladimir Putin.

The initiative is an economic project based on the ancient Silk Road (which functioned as a trade route in the splendor of Imperial China) that seeks to strengthen its ties through two major corridors: a land corridor (The Belt) to connect China with Europe; and a maritime corridor (The Road) to connect Africa and Latin America. Last year, Argentina joined the Belt and Road and received more than US$23 billion in financing deals in return.

The businessmen at the meeting spoke to Fernández about their concerns regarding the outcome of next Sunday's elections and whether whoever wins will remain interested in participating in both the Belt and Road and the BRICS, of which Argentina will become a full member on January 1.

Libertarian Congressman Javier Milei said he had no intention of maintaining trade relations with China and Brazil (Argentina's two main trading partners) for “ideological” reasons. Patricia Bullrich of Juntos por el Cambio has already announced her opposition to joining the BRICS. In other words, all these negotiations that Fernández has undertaken would only be implemented if Sergio Massa wins.

Title:

Content: November 25, 2023

Following Sunday’s election results, Javier Meili is set to become Argentina’s president on December 10. Among other things, President-elect Miley has vowed to replace the peso with the US dollar, a policy known as dollarization. Some critics have argued that dollarization would deplete the Argentine central bank’s US dollar reserves, making dollarization excessively costly and ultimately resulting in hyperinflation. However, in leveling this criticism, they misinterpret Argentina’s current economic situation and fail to consider real-world cases of dollarization during an inflationary crisis.

The risk of hyperinflation in Argentina is not due to Javier Miley’s advocacy of dollarization. Instead, it is the result of years of bad monetary policies. Inflation has been rising steadily since 2007, long before Miley proposed dollarization (and almost anyone in Argentina even thought about the possibility of dollarization).

Some experts argue that, by international standards, Argentina is already experiencing hyperinflation. According to Philip Kagan’s seminal 1956 study, most economists define hyperinflation as an inflation rate greater than 50 percent monthly. To put this in perspective, the average annual inflation rate in Europe between 1950 and 1955 was 5.1 percent. In Kagan’s words, a hyperinflation country experienced monthly price increases that were ten times greater than the price increases experienced by a typical European country in a normal year.

The monetary policy landscape is very different today than in the years immediately preceding Kagan’s study. Over the five-year period ending January 2020, just before the pandemic, the EU’s average annual inflation rate was just 0.98 percent. Using Kagan’s ratio, this would mean that a country experiencing at least 9.8 percent inflation per month has hyperinflation. Argentina saw monthly inflation rates of 12.7 percent and 8.3 percent in September and October, respectively. Therefore, adjusting Cagan’s hyperinflation threshold to reflect general improvements in monetary policy elsewhere would reveal that Argentina is already experiencing hyperinflation. While there is certainly potential for further decline, critics of dollarization need to acknowledge just how serious Argentina’s inflation is in the context of the modern global economy.

International experiences show that dollarization and hyperinflation are interconnected issues, but this is not the case according to critics of dollarization. For example, Ecuador adopted dollarization in January 2000 to prevent hyperinflation. Ecuador’s dollarization proved effective. Dollarization immediately brought Ecuador’s inflation rate into alignment with that of the US and then kept it stable over the next decade, despite economic challenges and two sovereign debt defaults. Another compelling example is Zimbabwe, which adopted dollarization in January 2009 to combat hyperinflation. The result was also successful, with inflation reaching US levels by January 2010. As these cases show, dollarization may be a solution to hyperinflation. Argentina could also either resort to dollarization to prevent hyperinflation, or avoid it if inflation gets out of control.

The risk of hyperinflation in Argentina stems not from an intention to create a dollar but from a central bank that appears unable or unwilling to exercise restraint. Argentina’s historical record shows that central bank independence is absent and not easily secured. For better or worse, dollarization offers the safest path to avoid monetary collapse. This provides Argentina with an opportunity to implement much-needed reforms and move forward on a sustainable development path. Dollarization may make things worse before they get better. But to argue that monetary reform that is supposed to tame inflation will lead to hyperinflation is a distorted view of Argentina’s economic reality.

nicholas kachanowski

Dr. Kachanowski is Associate Professor of Economics and El Paso Woody L. Hunt is the director of the Center for Free Enterprise at the University of Texas in the College of Business. He is also a Fellow of the UCEMA Friedman-Hayek Center for the Study of a Free Society. He served as President of the Association of Private Enterprise Education (APEE, 2021-2022) and on the Board of Directors of the Mont Pelerin Society (MPS, 2018-2022).

He received his Licentiate in Economics from the Pontificia Universidad Católica Argentina, his M.A. in Economics and Political Science from the Escuela Superior de Economía y Administración de Empresas (ESADE), and his Ph.D. M.A. in Economics from Suffolk University, Boston

Dr. Kachanowski is the author of Reflexions sobre la economia argentina (Instituto Acton Argentina, 2017), Monetary balance and nominal income targeting (Routledge, 2019), and co-author Austrian Capital Theory: A Modern Survey of Essentials (Cambridge University Press, 2019), Capital and Finance: Theory and History (Routledge, 2020), and Dollarization: Una Solution for Argentina (Editorial Claridad, 2022).

Dr. Kachanowski’s research has been published in outlets such as Journal of Economic Behavior and Organization, public choice, Journal of Institutional Economics, Quarterly Review of Economics and FinanceAnd Journal of the History of Economic Thought among other outlets.

Get notified of new articles from Nicholas Kachanowski and AIER.

Source: www.aier.org

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Content: Argentina reaches agreement with IMF on new $4.7 billion tranche
Money and Business
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Argentina ’ s Economy Minister Luis Caputo said his government had agreed with the International Monetary Fund (IMF) to continue the expanded lending mechanism and allocate a new tranche of $4.7 billion.
“We have reached an agreement with the IMF as part of the seventh review of the extended credit program.
This is not a new agreement, but a revived one that was not in force because of the failure to achieve the goals set for it. ”
The agreement is now due to be presented to the IMF ’ s board of governors, and after final approval, Argentina will be able to receive a $4.7 billion tranche.
The minister said the $4.7 billion tranche would be used to pay the outstanding payments.
According to the minister, his government did not try to reach a new agreement with the IMF because it would have taken much longer.
For his part, an IMF source pointed out that the said segment "aims to support the efforts of the new authorities to restore macroeconomic stability."
"Although the road to stability will be difficult and the situation will worsen before it improves, the first steps have been successful in avoiding a worsening of the crisis," the source said.
According to the IMF, the Argentine government plans to “achieve a primary surplus of 2% of GDP ” this year.
By November 2023, Argentina ’ s deficit was 1.7% of GDP.
At the end of January 2022, then-Argentine President Alberto Fernandez announced an agreement with the IMF to refinance $44 billion in debt.
In May 2018, Mauricio Macri, who in May 2018 was the head of state, asked the IMF for help and provision of this loan due to the sharp devaluation of the national currency.
Fernández ’ s government described the debt as criminal and disproportionate to the country ’ s capabilities.
On 10 December, Javier Miley took office as President of Argentina.
In his first speech as head of state, he described the situation in the country as critical and pointed to the need for shocking measures in the economy.
Source: TASS
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Argentina ’ s President Softens Attitude: If People Want to Do Business with China, It ’ s OK
Before the election, Argentine President Mirei opposed China and accused China of mediating the election. During the campaign, he even threatened to “sever relations with China ”, but Mirei ’ s attitude toward China has changed significantly since taking office.
Mainland Internet media "Observer Network" pointed out that when Mirei recently interviewed about relations with China, "the tone of voice is far more pragmatic and gentle" than when he was campaigning.
In an interview with Bloomberg, Mirei said trade relations between China and Argentina have “not changed at all ” and that he has no intention of changing the $18 billion currency swap agreement between the two countries.
“We ’ ve always said we ’ re ‘ liberals ’ ” and“ if people want to do business with China, they can. ”
Referring to the joint space monitoring and control station project between the two countries, Mirey mentioned that the United States has raised unwarranted doubts about the project from time to time, claiming that it poses a "threat" to the United States.
He said that the Argentine government is starting consultations with China on the planned inspection and will study the relevant situation, "which is not a problem".
In reality, Mirei wants to transform Argentina ’ s highly regulated economy, lifting the country out of poverty and curbing inflation, Bloomberg said.
“Without China, it would be difficult for him to achieve that. ”
Chinese trade and investment now drive much of Argentina ’ s economy, from commodities and energy to banking.
China has funded dozens of infrastructure projects in Argentina.
According to the Xinhua News Agency, Mirei met with the special envoy of Chinese President Xi Jinping the day after he took office and stressed that he would continue to firmly adhere to the "one China principle".
But in an interview with Bloomberg during the campaign last August, Mr. Miley argued for a freeze on relations with China.
“The Chinese people have no freedom, they can ’ t do what they want to do, and if they do, they will die. ”
He also referred to China as an “assassin ” and asked,“ Are you willing to trade with an assassin? ”
“Developing countries around the world are struggling to choose ‘ allegiance ’ to the US or China when it comes to trade, finance and security, ” Bloomberg said.“ Given Argentina ’ s current inflation rate of 276%, its history of sovereign bond defaults and six recessions in the past decade, this country is more economically dependent on China than any of its Latin American neighbors. ” It ’ s better than China. ”
In addition, some analysts said that if relations with China break down, the damage will be Argentina.
Economically, Argentina ’ s central bank has become increasingly reliant on currency swaps to support the peso, and the government used Renminbi to pay back part of the IMF ’ s arrears when the supply of US dollars fell in July last year.
“If China-Argentina relations deteriorate in the future and China stops purchasing Argentine meat and other products, Argentina ’ s existing trade deficit with China may also continue to widen. ”
According to Bloomberg Economic Research, China is Argentina ’ s second largest export market, behind neighboring Brazil, and is also Argentina ’ s main source of imports.
In addition, China is also the largest buyer of unprocessed soybeans in Argentina, and is the key to participating in Argentina ’ s lithium resources.
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Content: Two events and an indication that took place last week suggest that there is a new rise of the extreme right in the world, from Europe and the United States to South America.
The three events are the electoral rise of the Dutch far-right Freedom Party, then the victory of the extremist Javier Milley in the presidency of Argentina, and the third indicator is the continued rise and lead of Donald Trump in the opinion polls.
The right-wing Freedom Party won 37 seats in the Dutch parliament, more than double its share, and will therefore have the upper hand in forming a government.
Geert Wilders, 60, founded his party in 2006 with the aim of defending Dutch, not European, culture and identity.
One of the party ’ s most important slogans is to fight against immigrants, especially Arabs, and it has called Moroccan immigrants “scum ” and organized competitions for cartoons offensive to the Prophet Muhammad (PBUH), and vowed to ban the Koran, mosques and the hijab.
He pledged to stop the tsunami of asylum seekers, impose strict controls to “protect Dutch identity and values ” and deport Syrian migrants.
He is also skeptical of the European Union and considers Brussels and its excessive bureaucracy a threat to national sovereignty, calling for greater control over laws, borders and economic policies and pledging to hold a referendum on his country ’ s remaining in the bloc.
The Freedom Party says it is a great friend of the only democracy in the Middle East, Israel, and that relationship will be strengthened by moving the embassy to Jerusalem and closing the Dutch cultural center in Ramallah.
The second important event was the victory of Javier Milley as president of Argentina, whose basic policies are almost identical to those of the Freedom Party in the Netherlands and other far-right forces and parties in the world.
He said his first foreign visit would be to the United States and he would meet with a number of Jewish rabbis there, because he follows their teachings.
The second visit will be to Israel, pledging to move his country ’ s embassy to occupied Jerusalem, and his foreign policy will focus on cooperation with the “American-Israeli axis ” and will not negotiate with leftist regimes such as Brazil and China.
The first to congratulate him was also the right-wing former Brazilian president Jair Bolsonaro.
Milley pledged to deal in the US dollar, abolish the central bank, abolish the health and education ministries, and privatize some major public companies.
But the irony is that the new president ’ s party, Freedom Advances, did not get any of the governors ’ posts, which are dominated by the Peronist movement, and he was also remarkable for saying that his country would not participate in the BRICS and did not intend to work with Russia, China and communist countries.
Millie also said he admired Trump and the latter said he would attend his inauguration.
The third indicator is that opinion polls indicate that Donald Trump is ahead of all potential challengers in the presidential election late next year.
A recent Harvard Center poll with The Hill found that Trump had 48 percent of respondents compared to 41 percent for current president Joe Biden, and even the uncertain 11 percent, when asked again, 53 percent said they would vote for Trump and 47 percent for Biden.
In November, a New York Times poll showed that Trump was five points ahead of Biden in Arizona, six in Georgia, five in Michigan, 10 in Nevada and four in Pennsylvania, while Biden was just two points ahead of Trump in Wisconsin.
From the previous events and indicators, it can be concluded in principle that with the sharp polarization in international relations, the severe economic crisis resulting from the Coronavirus epidemic, the Russian-Ukrainian war, inflation, recession and the Israeli attack on Gaza, the rise of far-right forces will continue in many countries of the world, especially Europe, especially the eastern side.
This means that in the next stage, the world will come to periods of intense polarization, conflicts and possibly wars.

Title:

Content: Argentine president Milei sacks Minister after Messi apology demanded; Chelsea midfielder Enzo receives official support

Argentine president Milei sacks Minister after Messi apology demanded; Chelsea midfielder Enzo receives official support
Argentine president Javier Milei has sacked Julio Garro, his Undersecretary of Sports, after the latter's demand that Argentina's players apologise for their Copa America celebrations this week.

Chelsea midfielder Enzo Fernandez posted a video to social media of Argentina's players singing a song aimed at their World Cup rivals France, taking aim at the make-up of the Les Bleus squad.

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The Argentines sung  how French players are "from Angola" or have a "Nigerian" mother and a "Cameroonian" father.

In reaction, Chelsea defender Wesley Fofana posted to X: "Football in 2024: uninhibited racism". It then emerged that Fofana, Axel Disasi and Malo Gusto had all unfollowed Enzo on Instagram.

Since then, Garro had demanded an apology from Argentina captain Lionel Messi, who was absent from the video.

“The captain of the national team must apologise for this affair, just like the president of the AFA,” Garro wrote in a column for Clarin.

In response, a furious Milei sacked Garro from his government and stated: "To say that (Lionel) Messi must apologise to certain colonising Europeans for a song that tells the truth is to go completely against the ideology of Javo."

His official website later reported: “The Presidency reports that no member of the government should comment, should think or say what the Argentine national team, world champion and double American champion, should do, or to any other citizen. For this reason, Julio Garro is no longer the nation's Undersecretary of Sports."

Milei's words were supported by his vice-president,  Victoria Villarruel, who posted to X: "We have never had colonies or second-class citizens. We have never imposed our way of life on anyone. But we are also not going to tolerate them doing this to us. Argentina was created with the sweat and courage of Indians, Europeans, Creoles and blacks like Remedios del Valle, Sergeant Cabral and Bernardo de Monteagudo.

"No colonialist country will intimidate us for a football song or for telling truths. Stop feigning outrage, hypocrites. Enzo, I’m with you."

Title:

Content: No love for the Left: a column by John Price

One of the most impactful changes brought by higher US interest rates is the dwindling investor tolerance for leftist policies or bad governance in Latin America.  With U.S. treasuries paying 5%, why would anyone bet on Latin American leadership that makes an enemy of capitalism?

The contrasting sentiments shown for Argentina versus Colombia provides stunning evidence of the change in investor thinking.  In less than two years, Gustavo Petro has turned Colombia, Latin America’s investment darling, into an uncertain place to do business.  Three of Colombia’s most promising private sectors: oil & gas, healthcare, and coal production, collectively responsible for more than half of the country’s exports and foreign investment, are all under attack from policies and regulations steeped in ideology and naivete.  Oil and gas exploration was halted, ostensibly to save the environment.  We now know this was simply a ploy to justify importing PDVSA gas via a (to be refurbished) coastal pipeline.  The move benefits the Maduro administration, an important ally and will bring jobs to the Colombian coast where Petro needs more electoral support.

Sources: EIU, AMI

At first, investors were not sure how to embrace a Milei presidency in Argentina.  Was he a serious libertarian or an eccentric quack?  Now that the circus antics of campaigning are over, investors seem to be betting that Milei is the real deal.   Their change of heart came when he cast aside the focus on dollarization, and its pundits on his team, and recruited political veterans from establishment parties to fill key cabinet positions.  That pragmatic pivot sent the dólar azul, Argentina’s freely floated black market currency, soaring by 17% in less than a week and Argentine ADRs climbed 20-60% in value.  Hedge funds are poised to invest in Argentina’s tiny capital market, realize massive gains, and extract their profits in dollars, once currency controls are lifted.  Vaca Muerta, Argentina’s massive oil & gas field is once again a target of interest for foreign investors.  The country’s federated mining rules historically insulated the sector from Buenos Aires political madness, but miners struggled with capital controls.  A freer financial policy framework will unleash billions into Argentina’s lithium and copper deposits.  Once the Peso is freely floated then investments will come in retail, e-commerce, insurance, construction, and other domestic sectors.

In a world of scarce capital and pretty average commodity prices, no one is prepared to invest in Latin American political lunacy.  After the fiscal debacle of fighting COVID, no government in the region has the means to waste or plunder to the degree they did in the past.  Thank goodness for the Fed.

*John Price is Managing Director of Miami-based consultancy, Americas Market  Intelligence

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who doesn & apos; t like Fatima
The new president of Argentina.
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Argentina ’ s president, Javier Mille, 53, is on the news after announcing that his country ’ s economic situation would worsen before it improved and that “painful austerity ” was needed after he was sworn in by parliament, stressing that“ no government has inherited a legacy as bad. ”
With the wide international echo of the statements of the new Argentine president, who before assuming the presidency of Argentina as a liberal economist, appeared repeatedly on television programs and drew attention to his repeated criticism of the ruling establishment, which he accused of "banditry", pledging during political rallies to reduce public spending and the number of ministers, attention was turned to the search for aspects of his life, including his declared personality.
Fatima Flores, beloved of the Argentine president
Fatima Flores, the name of a woman who appears on media platforms hours after the inauguration of the Argentine president, Javier Mille, where she is rumored to be the lover of the new president of Argentina because of the presence of many pictures that combine them on several occasions.
In this report, we highlight the most important information about Fatima Florez:
Fatima Flores grew up in the town northwest of Buenos Aires, where the official residence of the presidents of Argentina is located.
Fatima Flores, 42, is the daughter of an architect and a history and geography teacher.
Fatima Flores has been a comedian known for her talents as a copycat and prominent presenter since the 2000s.
Fatima Flores
Fatima Florez has been in the spotlight for appearing several times with Argentina ’ s current president and economist, Javier Mille.
Fatima Flores ’ real name is Eugenia, but her producer and 22-year-old ex-husband, Norberto Marcos, suggested her pseudonym.
Fatima Flores and Javier Milley met in December 2022, on the sidelines of a TV show, but their relationship did not begin until a few months later, according to local media, two months before she separated from her then-husband.
Beloved President of Argentina
During the interview, Fatima joked to the politician: “You ’ re too lonely to do your important role, ” and in October, the couple returned to the chat program to confirm that they are dating, where Fatima explained:“ We started talking on Instagram and then we started seeing each other later. ”
In another part of the interview, Argentina ’ s new president said, “I ’ m so in love, ” then followed Fatima to explain how she officially separated from her husband on her birthday in February, likening it to the historic Battle of San Lorenzo in 1813.
After the interview, Fatima impersonated her new boyfriend in one of her shows, according to the Daily Mail.
Fatima Florez
The relationship was not revealed until last August, a week after the primaries aimed at nominating presidential candidates, raising questions in some media about the timing of the announcement.
For the first time just two weeks before the election, the couple appeared in public and then a few days ago and in the final stage before the vote, Fatima Flores was forced to deny the rumors of separation.
Last month, Javier shared footage of his girlfriend cheering him on one of his marches, commenting on the footage: “It ’ s the most beautiful flower! ”
I love you...
Long live freedom. ”
13- Last Sunday evening, Fatima appeared radiant alongside Javier Milley, greeting the public, will their relationship resist the fluctuations of power and media pressure?
Looking at the autobiography of the Argentinian president-elect.
In the past, Javier Mille has regularly presented himself as a follower of “free love, ” which is to have freedom for partners with other partners as well, and in an interview with Peruvian television channel America TV in 2020, he presented himself as a fan of triangular relations, Russia Today reported on Monday.
by Javier Milei
The 53-year-old president held his inauguration ceremony in Buenos Aires on Sunday, which was attended by nearly 30 world leaders and representatives, including Ukrainian President Volodymyr Zelensky and Hungarian President Viktor Orban.
Shortly after the all-day event, he was seen attending a performance of Madame Butterfly ’ s play at Teatro Colón, an opera theater often considered among the best in the world and located less than 10 minutes from Miley ’ s new residence, Casa Rosada.
The former professor and economist warned that he would offer a "shock cure" to the economy and committed to a programme of tough austerity measures in a bid to calm inflation, which hit 143% in October, the Daily Mail reported on Monday.
Moreover, Argentina ’ s currency, the peso, is in a long-term free-fall, with poverty levels rising to 40% and the economy in a deep recession, IMF data revealed.

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Action to Protest Fascist Argentina Pres Melei's Attack on Workers Party PO & Polo Obrero

Date:
Wednesday, June 12, 2024
Time:
12:00 PM - 1:00 PM
Event Type:
Protest
Organizer/Author:
United Front Committee For A Labor Party
Location Details:
San Francisco Federal Building
90 7th St.
San Francisco

6/12/24 SF Emergency Action To Protest Fascist Argentina President Milei's Attack On Workers Party PO & Pollo Obrero
Stop The Repression, Privatization & Union Busting By Fascist Melie &
US Support IMF. Support For Melei

Wednesday June 12, 2024 12:00 Noon
San Francisco Federal Building
90 7th St.
San Francisco

The growing world wide fascist movement is part and parcel of what is happening in Argentina today. The fascist Melei government is instituting a massive assault on the working class with privatization of education and public services and also attacking democratic rights of workers and the people of Argentina.

They have also stopped all delivery of food to poor people who face starvation because of massive inflation. Polo Obrero which has organized the distribution of the food is also under attack and the corrupt Milei government on Monday June 3 raided the offices of the Workers Party PO claiming that they have engaged in corruption in the distribution of food which is being done by Polo Obrero.

This is a blatant political attack without any legal basis but it is aimed at shutting down the PO from opposing the fascist policies of the Milei government.

It has also taken place in part because the PO along with the Left Front organized the first public protest against the Milei regime and this front is fighting for a continuing general strike against the fascist Milei government.

The US government and IMF have fully backed Milei and the US military with the support of Milei is setting up a new base. The CIA has also visited Argentina and Milei to begin preparation for a possible military dictatorship. In 1974 the US, CIA in collusion with AFL-CIO helped organize a military coup that killed thousands of workers and people. The fight to hold those responsible for the murders and terror is opposed by Milei and his fascist government who includes family members who were involved in the coup. The US, CIA and AFL-CIO leadership have never been held accountable for the tortures, imprisonment and murders of the US supported military government.

Milei has also linked up with his techno fascist supporters like Elon Musk who was given the rights to Argentina’s lithium. This fascist cabal backed by US imperialism must be challenged globally.

The rise of fascism in the US is connected directly with the developments in Argentina and that is why Milei is coming to Silicon Valley, Florida and the US in his efforts to build a global fascism movement. This is also backed openly by Trump and his supporters.

On June 12 there will be massive actions in Argentina and the action called in San Francisco is part of a global struggle not only against the Milei but against the growing fascist movement in the US and around the world.

Hands Off The PO and Polo Obrero, Drop The Charges

For Workers Actions and General Strikes To Bring Down the Fascist Milei Government

US Get Out Of Argentina and No US Military Base In Argentina

Stop Privatization & Union Busting In Argentina & The US

For A Workers Government In Argentina and US

STOP Fascism and For A United Front Against Fascism

Initiated by
United Front Committee For A Labor Party http://www.ufclp.org
To endorse, support and participate contact:
info [at] ufclp.org

Additional Info:
Argentina: Milei's "shock therapy”, Capitalism, Socialism & The Working Class
https://www.youtube.com/watch?v=8Rw9oJc6680

Javier Melei, The Class Struggle & The Organization of The Working Class With Guillermo Kane
https://youtu.be/CUOAI_bZmfs

Fascism: San Francisco tech VC applauds fascist Pinochet's helicopter 'death rides'
https://www.thenerdreich.com/san-francisco-tech-vc-applauds-fascist-pinochets-helicopter/
Added to the calendar on Fri, Jun 7, 2024 7:25PM
§Milei Wants To Destroy The Unions & Privatize All Public Services & Education
by United Front Committee For A Labor Party
Milie is launching a massive attack on workers and the poor as well as the unions
§Musk & Milie Thumbs UP
by United Front Committee For A Labor Party
Elon Musk is a big supporter of the fascist Milei
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This report examines Milei's policy agenda, including his economic reforms, political approach, and institutional changes, analyzing their impact on Argentina's institutions, economy, and society.

Title:

Content: BUENOS AIRES (Reuters) - Argentine President Javier Milli has told BRICS leaders that Buenos Aires will not join the group in early 2024, in keeping with the ultra-liberal president ’ s campaign pledge, the presidency said Friday.
In a letter to Brazilian President Luiz Inácio Lula da Silva and other BRICS members (Russia, India, China, South Africa), Milley said: “Argentina ’ s accession to the BRICS as a full member country from early January 2024 is not appropriate. ”
The president, who took office on December 10, said his government ’ s foreign policy “differs in many ways from that of the previous government. ”
Review of decisions
"In this context, some of the decisions taken by the previous government will be reviewed, including the establishment of a [...]
It ’ s about the country ’ s participation in BRICS. ”
The last BRICS summit, held in August in Johannesburg, saw invitations to six countries - Argentina, Iran, Egypt, Ethiopia, Saudi Arabia, the United States and the United Arab Emirates - to join the group from early January 2024.
During his campaign, Milley reiterated his refusal to join the BRICS and supported his desire to "support any agreements with the communists because they do not respect the fundamentals of free trade, freedom and democracy."
A spokesman for the Argentine presidency said the letters to the BRICS member states indicate that "we are making a change in foreign policy based on more in-depth analysis than the previous government."

As a libertarian leader, Milei has introduced radical market-oriented strategies that are reshaping Argentina's governance structure and positioning the country differently in the global arena.

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Argentina is facing a difficult economic situation.
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2022
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The Argentine capital, Buenos Aires, witnessed huge celebrations after the victory of the national team in the World Cup, in an achievement that raised the spirits high in the South American country and brought joy to the hearts of people hurt by high prices and the malaise of the economy.
But despite the glare of victory in a thrilling final against France, the grim economic reality is casting a dark shadow over Argentina, with inflation at around 100 percent, tight capital controls, poverty at around 40 percent and a looming fear of default.
The 86-year-old, who was celebrating her country ’ s victory, said: “The World Cup is an overwhelming joy that revives us after suffering a long economic crisis.
But soon we will have to go back to reality and face the situations that burden us every day. ”
Argentina ’ s resounding victory, the first since Diego Maradona lifted the trophy in 1986, sent millions onto the streets to cheer Lionel Messi ’ s national team as a vent of frustration at leaders who have failed to get the economy on track for years.
The crowds were huge and very high.
It has been estimated that between four and five million people filled the streets.
The concourse had to take a shortcut and the players were taken to helicopters to fly over the city.
But after the drunkenness of the victory and its celebrations came the idea and the Argentines returned to reality and its painful realities.
The country, once one of the wealthiest in the world, posted annual inflation of 92.4 percent in November and a record interest rate of 75 percent.
Issues of cash printing, overvaluation of the peso and the decline in foreign reserves are exacerbated.
Investors are concerned that Economy Minister Sergio Massa, who was appointed to fix things in August, is not carrying out enough reforms amid the prospect of a general election late next year that the government fears losing.
Ted Mann, chief equity analyst for emerging markets at Alliance Bernstein, said: “Masa is just trying to address every problem that comes to its head and is very careful not to make any significant reforms before the 2023 election.
Under Massa ’ s leadership, Argentines are exceptional at kicking problems in front of them.
They're better at kicking her than Messi kicking the ball. "
Required Kick
But some Argentines are more optimistic.
Osvaldo Hassan, a 62-year-old trader in Buenos Aires, said: “The World Cup gives us hope and a desire to believe.
"This could be the push we need to build consensus and move the economy forward."
Camilla Gotelli, 25, a marketing professional, said the “historic ” win could boost Argentina by attracting more tourism, creating jobs and strengthening the country ’ s global standing.
A paper from the University of Surrey found that winning the World Cup could give a small boost to a country ’ s economy in the months following the win, helping boost exports.
In the short term, it could also give a boost to leftist President Alberto Fernandez.
His popularity has plummeted due to the impact of the COVID-19 pandemic and economic woes, despite a new $44 billion deal with the IMF this year.
Carlos Zarate, a 63-year-old trader in the capital, believes this will be in the government ’ s favor for a few days “because it will distract people ”.
As soon as summer in the southern hemisphere is over, "the blow of reality will come."
Last month, ratings agency Moody ’ s criticized Argentina, citing rising central bank debt as a risk to financial stability.
Standard & Poor ’ s has downgraded its rating of Argentina ’ s already struggling local currency bonds to an “undesirable ” rating.
Graham Stock, chief strategist at BlueBay East Management, said he expected positive economic changes from next year ’ s election after a change of government became a rarity after the ruling coalition suffered a crushing defeat in the mid-term last year.
Maria Belén Pereira, 32, an elementary school teacher, said economic changes would not happen overnight and needed the participation of everyone, not just the football team.
"We celebrate because (the team) represents us as a country, but that was the sacrifice of almost 30 people...
For the economy to change, we must all participate. ”
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## Economic Reforms

### Dollarization and Monetary Policy
Milei's most significant economic proposal is dollarization—replacing Argentina's peso with the US dollar.

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Content: Global News
World Today - Crazy rally in Argentine stock markets after Milly win
You are now following the news of a crazy rise in the Argentine stock markets after the victory of Millie from the news section of the world and now we leave you with full details
MOHAMMED, Abu Dhabi, Tuesday, November 21, 2023 07: 21 PM - The Argentine stock market jumped 20% at the opening on Tuesday, in the first reaction to the landslide victory of Argentina ’ s ultra-liberal president-elect Javier Mille.
The rise was contributed by the national oil company YPF, whose shares rose 34 percent after the president-elect announced he would privatize them as part of his reform package.
On Monday, Wall Street listed YPF shares rose 40 percent at the close.
Monday, the day after the election, was a public holiday in Argentina, delaying market reaction.
Milley, 53, an economist who describes himself as a “anarchist capitalist, ” said in his victory speech Sunday evening:“ Today begins the end of decadence ” and the “reconstruction of Argentina ” begins, warning that there will be“ no half-solutions ”.
Milley pledged to give up the peso in favor of the US dollar and shut down the central bank, which he accused of printing money too heavily to fund excessive government spending, in a bid to stem inflation.
Argentina has one of the highest inflation rates in the world (143 percent year-on-year) while the value of the peso continues to fall.
During his election campaign, he said he would get rid of about a dozen ministries, among other controversial proposals.
Argentina is currently holding its breath waiting for what he will do when he takes office on Dec. 10, especially as his legislative power is limited.
We hope that we have succeeded in conveying the full details of the news of a crazy rise in the Argentine stock markets after the victory of Mili..
In God ’ s care and protection.
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This policy aims to combat Argentina's severe inflation, which reached 143% annually.

What economic issue did Milei want to address?

What economic issue did Milei want to address?

What economic issue did Milei want to address?

What economic issue did Milei want to address?

Critics argue that dollarization would deplete the central bank's US dollar reserves and potentially lead to hyperinflation.

However, supporters counter that Argentina's inflation crisis stems from years of poor monetary policies, with inflation rising steadily since 2007, long before Milei proposed dollarization.

What economic issue did Milei want to address?

What economic issue did Milei want to address?

What economic issue did Milei want to address?

What economic issue did Milei want to address?

What economic issue did Milei want to address?

What economic issue did Milei want to address?

Complementing this approach, Milei has pledged to abolish Argentina's Central Bank, which he accuses of excessive money printing to finance government spending.

closing the central bank
criticism of government spending

What economic issue did Milei want to address?

What issue did Milei want to address without printing money?

closing the central bank
criticism of government spending

What economic issue did Milei want to address?

What issue did Milei want to address without printing money?

closing the central bank
criticism of government spending

What economic issue did Milei want to address?

What issue did Milei want to address without printing money?

closing the central bank
criticism of government spending

What economic issue did Milei want to address?

What issue did Milei want to address without printing money?

This represents a radical departure from conventional economic management and reflects his libertarian ideology.

suspended 366 decrees to ease economic controls and reduce spending.

### Fiscal Restructuring
Milei has announced plans to eliminate approximately ten government ministries, including health and education, as part of his government downsizing strategy.

This restructuring aims to reduce public spending and the size of the state apparatus.

suspended 366 decrees to ease economic controls and reduce spending.

What is Milei's argument about closing CONICET and relying on private investment for research?

It could help adress Argentina's fiscal crisis

Additionally, he intends to privatize major public companies, transferring services from the public to the private sector.

What does Milei promote in terms of healthcare and education?

In the early days of his presidency, Milei's economic team achieved a significant victory when Argentina's Central Bank sold $1.

Title:

Content: (Bloomberg) -- Argentina importers snapped up bonds aimed at helping them pay down debts owed to suppliers abroad in a win for President Javier Milei after two previous auctions of the notes flopped.

The Argentine Central Bank sold $1.18 billion of the securities in an auction that concluded Thursday, according to a statement. Buyers rushed in after the government sweetened the terms, leading the bank to upsize the sale from the $750 million it had planned to sell.

It was a sharp reversal after the inaugural auction on Dec. 28 saw the government sell just $68 million of the $750 million offered. A second attempt saw even fewer sales.

The turnaround in results — which Bloomberg reported earlier Thursday — came after Milei’s administration changed a norm in how importers could use the proceeds of the bonds. They are now allowed to transfer the dollars they raise from selling the notes on the secondary market directly to their foreign suppliers, according to a statement on the bank’s website. The payments weren’t allowed under previous rules.

The securities are key to helping importers settle some $30 billion owed to suppliers and improving the central bank’s balance sheet. The sales are also meant to help Milei wrestle a chronic dollar shortage and strict capital controls, both of which have bottlenecked trade.

The dollar-denominated importer notes are called “Bopreal” — which stands for “bonds for the reconstruction of a free Argentina” — and offer a 5% annual interest rate with a 2027 maturity. They can be bought in local currency, which in turn would help the central bank absorb some pesos in the economy in a bid to ease inflation already running at 211% a year, the highest in Latin America.

The auction capped a series of wins for the Milei government this week, including the market’s approval of an agreement with the International Monetary Fund and a better outlook for crops in the second quarter.

(Updates with bank statement and context starting in second paragraph.)

©2024 Bloomberg L.P.

18 billion in bonds aimed at helping importers