26 October 13:13
International
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Argentina started legislative elections on Sunday, a crucial moment for the ultraliberal president Javier Milei, who is testing his ability to reform a fragile economy. These elections are seen as a referendum on his administration, considering the promising financial aid from the United States, conditioned on his electoral success. Milei, who revolutionized Argentine politics in 2023, aims to secure a third of the seats in parliament to impose his fiscal and labor reforms.
Although he has managed to reduce inflation, drastic budget adjustments have led to significant job losses and a divided society. Milei faces increasing opposition and the need to reopen dialogue with other political blocs, in the context of a recessionary economy. Confidence in his ability to continue reforms is declining, and financial markets are skeptical about the stability of the national currency, the peso. It remains to be seen how the outcome of these elections will influence Argentina's economic future.
Although he has managed to reduce inflation, drastic budget adjustments have led to significant job losses and a divided society. Milei faces increasing opposition and the need to reopen dialogue with other political blocs, in the context of a recessionary economy. Confidence in his ability to continue reforms is declining, and financial markets are skeptical about the stability of the national currency, the peso. It remains to be seen how the outcome of these elections will influence Argentina's economic future.
Sources
Argentinienii votează duminică într-un test crucial pentru ultraliberalul Milei / Mari rezultate macroeconomice, dar „el cântă în timp ce oamenii mor de foame”
Argentina votează în plină criză economică și pe fondul controverselor privind influența lui Donald Trump
Argentina votes in crucial test of Milei's reforms