Immediately after being sworn in, Milley warned that Argentina's economic situation would get worse in the short term. He told thousands of supporters that there was no choice but to adjust. However, since the people chose him as the **, they can only be prepared to meet the stormy waves. Argentina's elected Javier Millet swore an oath to the Constitution at the Capitol, officially opening a four-year term in office. Afterwards, Millet addressed supporters gathered outside the Capitol, in which he declared that we would get the country back on its feet and make Argentina great again. He also said that there was no room for pointless discussions and that our country must join in immediately.
On his first day in office, Milley issued his first reform order, cutting in half the original 18 ministries in Argentina**, transferring the former ministries of energy and mining to the Ministry of Economy, and the ministries of social development, education, labor, women and culture into the Ministry of Human Resources. The decree also states that the Ministry of Infrastructure will be consolidated to optimize public works, housing, communications and transport in Argentina. At the same time, the Ministry of Tourism, Environment and Sustainable Development was integrated into the organizational structure of the Ministry of the Interior. It seems that this new ** is really good, and he fulfilled his campaign promise on his first day in office. On the first day of a country's new ** in power, it took the first step and acted resolutely, which is rare in the history of the world and in modern politics.
Why did Milley do this?What will happen to you?The Argentine economy is terminally ill, with a fiscal deficit equivalent to 17% of the country's GDP, an annual inflation rate of 300%, stagnant economic activity, a poverty rate of 45%, and an extreme poverty rate of nearly 10%. In addition to extremely high inflation and poverty rates, Argentina is also facing a debt crisis, with a debt of more than $44 billion to the International Monetary Organization, and the outlook is dire unless radical measures are taken to alleviate the economic crisis. So, the Argentines chose the Austrian economist and gave him all the power to save the country. According to Milley's National Salvation Guidelines, reforms would have to come at a huge cost, not only for civil servants, but also for all sectors of the population, with the ensuing financial and monetary reforms likely to bring about drastic upheaval.
Immediately after being sworn in, Milley warned that Argentina's economic situation would get worse in the short term. He told thousands of supporters that there was no choice but to adjust. There was no choice but shock** because we had no money. However, he also encouraged that we would see the fruits of our efforts in the future. These words are simply terrifying. However, since the people chose him as the **, they can only be prepared to meet the stormy waves. So, can shock ** save Argentina?The so-called shock**, in the economic definition, is aimed at the seriously imbalanced total social supply and demand, from the control of the total social demand out of the United States to adopt strict administrative and economic measures, in a short period of time to forcibly and greatly reduce the demand for consumption and investment, so that the total supply and demand of the society to achieve an artificial balance, so as to curb hyperinflation and restore economic order.
This kind of policy adjustment has an obvious emergency nature and has the possibility of promoting the restoration of stability of the national economy, but it is also very risky and may trigger social unrest. But Argentine voters who supported Milley said they were willing to take risks for radical ideas. A 72-year-old doctor told reporters that he was our last remaining hope. Another 47-year-old also said that I am not afraid of adjustment, because I have been undergoing adjustment all my life. On the contrary, it gives me hope for a better life. Milley's success in leading Argentina through the most dangerous moment depends on domestic and foreign factors. His Freedom Forward Party is in the minority in Congress, and it is a major constraint to his reforms.
It remains to be seen whether his foreign policy will have a positive or negative impact on Argentina. So the head of an Argentine think tank consulting firm said that the jury is still out on the direction in which Milley will lead the country in the next four years. The expert said that we are entering uncharted territory, and we know what he looks like as a disruptive candidate, but we don't know what he looks like as a leader. That's all for this time, thank you for your attention to the thought discourse.