It takes about 2-3 minutes to read this article, and we sincerely invite you to click the "Follow" button in the upper right corner, click first and then read, and form a habit, your support and encouragement is the biggest motivation for our creation!
The Argentine people shouted "deceived"!Milley rolled out more than 300 reforms in a single day, and thousands of people took to the streets** to express regret that they should not have voted for him.
Milley, who has just been in power for 10 days, ushered in his first confrontation with the people. According to the Observer Network on December 21, Argentine's new ** Milley, known as the "Argentine version of Trump", signed a bill on the 20th local time in order to realize the "liberalization" of the Argentine economy.
According to Russian media, the bill contains more than 300 reform proposals. Milley also said this is just the first step. Obviously, this is to vaccinate the people, and there will be more and more economic policies in the future, and the people's hard days are still to come, so we must be psychologically prepared.
However, on the same day that Milley announced the signing of the decree, the Argentine capital Buenos Aires erupted in the first large-scale demonstrations since Milley took office, and thousands of people took to the streets to oppose the so-called "economic shock**" and demand that he take the feelings of the poor into consideration.
Moreover, Milley has slashed Argentina's welfare spending, the capital's citizens have lost all kinds of living allowances, and even 20,000 residents have lost electricity, and some people even have to think carefully about taking the bus.
In the past ten days since he was sworn in, Milley has been introducing policies to implement the so-called "shock **" on the country's economy, in which the sharp depreciation of the currency and the reduction of spending have sparked heated discussions and controversies in Argentina, and 11 provinces have declared an economic emergency.
Under Milley's "chainsaw" reforms, people's lives have not been any better, and because of the depreciation of the currency and the precipitous decline of the exchange rate, prices have soared, and even the price of some goods has increased by 100%. Daily necessities such as rice, flour, grain and oil in the Argentine market, as well as meat, have soared to sky-high prices.
During the demonstration, a public school teacher said that some students had to go to school hungry because of Milley's cutback on public education and food. The banner of the demonstrators read, "Milley is a **", accusing him of "stealing" the people's money to pay off the debt.
Moreover, the unemployment rate in Argenti is also high, and the demonstrations in Buenos Aires were led by the unemployed, and Milley's policies have made life even worse for these unemployed people, who are already facing some economic difficulties.
Some economists who supported Milley's reforms also tried to excuse Milley, saying that as long as the people went through this "throes", the currency exchange rate would slowly recover with the mediation of the market, which would also attract trust and investment from other countries. At that point, Argentina's financial system will be better and the Argentine currency will become more purchasing power again.
These experts really don't have back pain when they stand and talk, and ordinary people can't afford to eat, how can they get through this "labor pain"?They are more concerned about the current life, it is difficult to eat three meals a day, what else to talk about in the future?
Moreover, the "exchange rate recovery" expected by Milley lasted less than two days, and then continued to depreciate. According to experts, the peso is likely to depreciate by about 2% per month in the coming period, but as of the 20th, the exchange rate between the peso and the dollar is 803:1, which is even more serious than expected.
Not long ago, Milley personally sent a letter to China, hoping that China could speed up the currency swap work between the two countries, and also said that he hoped to expand the currency swap agreement. However, in order to protect its own interests, China is very cautious in this regard. At present, according to the Observer on December 21, China has suspended the $6.5 billion currency swap agreement with Argentina.
Due to the rules of the platform, it is convenient to push similar articles for you in the future, and get the latest information as quickly as possible, if you like this article, please like, comment, **thank you!