Title: The new ** sits on the hot bench, and the economy of 11 provinces is "on the stall"!The crazy policy slapped the face, and the bottom complained!
The new ** took office, and the economy of Argentina's 11 provinces "stalled"!The bottom is full of complaints.
Hey, military fans, the topic we are going to talk about today is quite hot, and the key is that it is full of gunpowder in military international relations. As a result, the economies of 11 provinces have directly entered the mode of "sharp turn", which is simply a political and economic "big drama"!The people at the bottom quit and can't even pay their monthly salary, look at what a "gunpowder smell" this is.
First of all, let's take a look at the "domineering" action of this new **. Less than half a month after taking office, in order to reduce expenses, he actually cut 18 departments, directly cut in half, and I heard that even the health department almost became history. This brother's execution ability is really admirable, but from the outside world, the effect does not seem to be very good. The rhetoric of the election campaign has turned into a knife edge in actual action, and it is really a wonderful political farce.
The goal of this ** in office is really bold, saying that he wants to burn the central bank, abolish the peso, fully switch to dollarization, and even move out the legalization of guns and the legalization of organs. At first, everyone thought that he was just talking about it, but they didn't expect it to be put into practice. In addition to cutting departments, he intends to put the national economy in a complete shock**. So what's the situation now?It can only be said that the people at the bottom of Argentina really felt this "shock".
The main plot of the story is like this, as soon as the new ** comes to power, the economy soars like a roller coaster and then falls rapidly. Eleven provinces have declared economic emergencies, including St. Louis, which says they have run out of money to pay their employees. The governor of Buenos Aires Province even openly expressed his doubts about the new ** policy, bluntly saying that he "does not believe that Milley's policy can bring a good ending for Argentina". The situation of this ** can be described as quite embarrassing, the political party did not take the place, and most provinces also disagree with his policy.
The point is, the "shock**" he proposed did not seem to bring good results as expected. They wanted to dollarize the national economy by abolishing the peso and burning the central bank, but they fell into the dilemma of insufficient foreign exchange reserves. The decision of this ** is reminiscent of the failures of other countries in history, especially Russia, which was once in trouble because the West cut off funds. Argentina's foreign exchange reserves are almost depleted, and it has to pay off its international debt in yuan, which makes the dollarization plan seem somewhat "unrealistic".
But then again, the elimination of so many departments is not much of a threat to Argentina, because the local power is quite strong. Coupled with the fact that the "shock **" needs the support of the West to succeed, this is not so easy. Let's not forget that foreign funding cannot be cut off, otherwise, like Russia in the past, will face a complete collapse of the economy.
Now that Argentina has become the "hardest hit area" of international debt, it is not a matter of a day or two to repay the dollar. And the current trend is quite difficult to do, even Biden has ignored Milan, let alone helped. For Biden, Argentina has neither much economic benefit nor a risk of repayment, and he will naturally not pay for it easily. Milley may have overestimated his own influence and the "favor" of the United States.
The reaction of the 11 provinces is also quite clear, they don't buy this "shock**" Do you remember Brazil's former **?When the pandemic hit, he adopted a similar attitude of inaction, which angered the Argentine governor and eventually led to his elevation. Now the new ** has a hot potato, but he can't find an effective solution, so he has to turn to China for help.
Milley's rhetoric during the election campaign was really ridiculous, saying that he would sever economic ties and even said that he would not join the BRICS, only to change his course after taking office. He had advocated severing diplomatic relations with China before, but he did not expect China to lend a helping hand when he needed it most. China's previous currency swap with Argentina has played a significant role, avoiding the danger of being harvested by the United States, and also retaining some of its foreign exchange reserves.
After taking office, Milley's attitude changed abruptly, and he began to show goodwill to China, and even expressed the hope that he could increase China's foreign exchange reserves. But things are not as simple as you think, and there are some things that you can do as you want. I hope that this ** will think twice before making a decision, and stop engaging in a bunch of questionable policies.
Finally, let's look back at the whole story, the first few days of the new ** in office can be described as a sudden change. His policies have triggered the ** of the provinces in the country, and the economic situation is worrying. Both the reduction of departments and the proposed "shock**" have caused many problems in a short period of time. However, the crux of the matter is not only domestic, but also international support and cooperation. This may be a complex and worrying international situation, and we will wait and see how it develops in the future.