Recently, Argentina's new ** Milley was officially sworn in.
Before he was elected, the new ** made a lot of surprising remarks.
And he seems to have done what he said, and on his first day in office, he fulfilled his previous promises.
First, the first fire after taking office burned to the cabinet
According to reports, on the night of Milley's inauguration, the Argentine ** office published a post on social platforms.
According to the post, the new ** Milley signed the decree on the appointment of ministers. When the decree comes into effect, the number of cabinet departments will be reduced from the current 18 to nine.
Screenshot of the tweet in question.
On his first day in office, he cut the cabinet department in half. Such a ** is also very rare in human history.
It is reported that the nine departments after the adjustment are the Ministry of Economy, the Ministry of Security, the Ministry of National Defense, the Ministry of the Interior, the Ministry of Justice, the Ministry of Public Works, the Ministry of Health and the Ministry of Human Capital.
The Ministry of Commerce, the Ministry of Agriculture, the Ministry of Culture, and many other national standard departments, Argentina does not have them.
In fact, as early as the election campaign, Milley made it clear that if he was elected, he would reduce the number of *** departments to eight.
Now, he's made good on his promise.
Milley's move is indeed a bit crazy, but it also shows his determination to change the status quo in Argentina.
However, the ideal is very plump, and the reality is very skinny.
Bringing Argentina out of its predicament is no easy task.
Second, Milley's path to governance may face many difficulties
As you may remember, when Milley was campaigning, he put forward a lot of crazy ideas. In addition to the above-mentioned abolition of ** departments, there are also "blowing up the central bank" and "total dollarization".
These propositions helped him win the first throne.
Argentina's new ** Javier Milley.
For him, however, the success of the election is only the beginning, and the real challenge is yet to come.
Some analysts believe that Milley may have a hard time fulfilling his campaign promises.
First of all, Milley is under pressure from within.
Despite Milley's successful election, his Freedom Forward Party holds 11 percent and 13 percent, respectively, in the Senate and the House of Representatives, according to people familiar with the matter.
In other words, the opposition party has a numerical advantage.
This means that when Milley is in power, he will inevitably be influenced or even hindered by the opposition.
In addition, it is worth noting that not a single person in Milley's camp received the post of governor.
You know, Argentina is a federal country. Whether or not the governors support Milley's policies is directly related to the success of these policies.
In fact, the pressure is already beginning to emerge.
Recently, Milley himself admitted that some of the policies he was preparing to implement had met with considerable resistance, including streamlining institutions and abolishing the central bank.
Second, promises such as "full dollarization" cannot be achieved overnight.
Taking "total dollarization" as an example, although the Argentine people have generally lost confidence in their own currency, and there are a large number of private exchange of dollars, the implementation of this policy still faces many practical difficulties.
The implementation of "total dollarization" faces many practical difficulties.
It is estimated that Argentina will need to prepare at least $40 billion to implement "total dollarization".
However, at the moment, Argentina** only has about $2 billion on hand.
With such a huge funding gap, it is difficult to fill it in a short period of time.
In this case, if Milley forcibly pushes for "full dollarization", it could further exacerbate the foreign exchange reserve gap.
Therefore, some analysts believe that Argentina may not be completely dollarized, and it is possible to issue currency bills equivalent to the US dollar.
Again, it is still unknown whether Milley's "fierce medicine" will work.
After all, Argentina currently has a poverty rate of 43 percent, an inflation rate of 143 percent, and a GDP of 89 percent5% debt ratio.
Of course, for us, the most worrying thing is Milley**'s attitude towards China.
3. What are the prospects for China-Arab bilateral relations?
You must know that Milley was once exposed and made some unfriendly remarks about China during the election campaign.
Moreover, after Milley was elected, he immediately went to the United States for a visit. Although he is in his private capacity, it also shows that he attaches great importance to the United States.
Milley visits the United States.
Because of this, many people are worried that Milley's China policy will develop on a bad side.
Argentina has changed **, especially with such a ** who does not play cards according to common sense, and it is impossible for its attitude towards China to change at all.
However, we don't have to worry too much.
The reason why Milley made some unfriendly remarks about China during the election campaignProbably just to win**.
As soon as he was officially elected, he changed his attitude.
After receiving a congratulatory message from China congratulating him on his election, Milai immediately expressed his gratitude and blessings on social platforms.
Moreover, China and Argentina have relatively close ties in economic, trade, and financial fields.
China is Argentina's second largest partner. In the first quarter of this year alone, the bilateral amount between China and Argentina reached 46$4.7 billion. Argentina exports 92% of its soybeans and 57% of its beef to China.
Chinese trains are unloaded at Argentine ports.
If China and Argentina are seriously affected, it will inevitably have a greater impact on the Argentine economy.
In terms of finance, Argentina also has very close cooperation with China.
At the beginning of this year, Argentina reached a consensus with China to expand the currency swap agreement again.
This is mainly due to the fact that a currency swap with China would allow Argentina to obtain a large amount of US dollars, thereby alleviating its lack of US dollar reserves and heavy external debt burden.
Therefore, some analysts believe that the financial cooperation between the two countries will not be greatly affected in the short term.
Taking these practical factors into account, Milley will naturally be more cautious in handling Sino-Arab relations.
Although it is still unclear where China-Arab relations will go in the future, China will adhere to its consistent position and actively promote the development of China-Arab relations for the better.