with the only certainty that it shares with the economic power and the administration of Donald Trump, at this point its main support: Beyond what the scrutiny reveals, the Government will enter a new phase until 2027. Announcements are expected to begin on Monday. changes in the cabinet of ministers and the entry of sectors that are not especially related to capitalist anarcho despite sharing a conservative creed.
The low electoral participation has especially irked the ruling party. The absenteeism seemed to reflect the disenchantment of many Milei adherents in November 2023, when he won the presidential election. Trump was exhaustive in his message: If La Libertad Avanza does not win the elections, the United States lets go of its hand. This warning has a second reading: Washington’s support, materialized in an intervention in the market to stop the rise in the price of the dollar, needs immediate compensation: Milei must open the doors to his partners on the traditional right. The former president Mauricio Macri He is the main interpreter of those wishes of the White House and this Sunday, at voting time, he asked the former television talk show host to make “serious changes.” He also made it known that he is waiting for Milei’s call to actually reorganize his Government: “he has my number, if he needs anything he will call me.” “Surely he will call him,” predicted the head of ministers, Guillermo Francos. Macri wants his party, the PRO, to command part of the strategic ministries, but Karina Milei, the de facto ruler in many areas, refuses to lose her decisive influence.
The North American expectation is that Milei can carry out the pending reforms that facilitate companies in that country with a series of businesses in lithium, oil and other areas of the economy. But, furthermore, refinance the onerous external debt acquired since the extreme right took office: more than 35 billion dollars. According to state statistics, Argentina owes international organizations 92,964 million dollars, of which 60% corresponds to obligations with the International Monetary Fund (IMF). Argentina is the world’s main debtor to the IMF: it has consumed 60% of its credits globally. Next year, the Government must pay about $13 billion in interest.
In front of the JP Morgan authorities who landed in Buenos Aires, Milei promised hours ago that the result of the elections will allow him to expand representation in Congress to defend the Executive’s vetoes.move forward with the demanded labor and tax reforms.
Expectant market
The question about the “day after” was also asked in public by the governor of Buenos Aires, the main Argentine provinceAxel Kicilloff, who demanded from Milei a “civilized” conversation between politicians located on antagonistic sides. “How can they not want to talk to the governor of the province with 17 million voters? “You have my phone, use it.”
The containment of the price of the dollar, key to managing inflation and the “exchange populism” programwhich especially benefits the middle and upper sectors, has reached a dead end on the eve of the elections. The Government has sold 25 billion dollars in the market and it has not been enough to calm the markets. Not even the financial assistance of 20 billion dollars guaranteed by the North American Treasury Secretary, Scott Bessent, managed to stop the buying wave of the North American currency. Bessent’s interference also has effects on United States policy itself. On Thursday he published an image made with Artificial Intelligence that turns Democratic Senator Elizabeth Warren into Evita. He considers her a Peronist.
Bessent’s involvement in economic governance is unprecedented. “I don’t think anyone likes it when a president of another country tells us how to vote, right?? Beyond the imperfections that we leaders may have, we have to recover a little self-esteem. To understand that we are part of a country and we cannot be a colony of another country,” said Máximo Kirchner, son of former president Cristina Fernández de Kirchher.
The official internal dispute
The economic background of the changes that are expected also seems to reach the presidency of the Chamber of Deputies. Its current authority, Martín Menem, has been tarnished by the same corruption scandal that involves Karina Milei. The depth of the changes in the Government includes, according to the local press, the replacement of Francos by Santiago Caputo, until now a kind of “Rasputin” who, behind the scenes, controls the intelligence services, Customs and relations with the moderate opposition that could favor a stage of governability. The presidential sister is not inclined to delegate so much power. “The internal fight is already a nuclear war and it happened, happily, on the eve of elections that will define what the next two years of the Mileist government will be like,” said Joaquínn Morales Solá, columnist for the newspaper The Nation.
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