Since coming to power, the Argentine far-right ** Milley has been committed to the rightNational economyCarry out "radical reform". However, in just over 10 days, these reform measures have brought a series of "storms" to Argentina. The abolition of a large number of departments and the reduction of expenditures have made the public service face a huge dilemma. At least 11 states have declared that they are in a "fiscal red light" and are unable to pay public officials. In addition, the central bank will:Argentine pesoThe exchange rate has been "cut in half", resulting in a rapid doubling of prices, a huge deficit in the import and export industry, many enterprises have closed down, and the assets in the hands of the people have also depreciated sharply.
Expansion: Milley has taken a number of reforms since taking office in a decisive manner to move quicklyNational economydevelopment. However, the ripple effects of these reforms caused a series of turmoil in a short period of time. ** Departmental cuts and spending cuts have put the public service in a difficult position, and the inability to pay wages has become a reality in 11 states. In addition, the central bank's manipulation of the peso exchange rate has led to soaring prices, huge losses in the import and export industry, many enterprises have had to close, and people's assets have also depreciated sharply, putting heavy pressure on the lives of the masses.
The message mentions that Milley announced that it was JeanEconomy"Liberalization" and andInternationalin line, but in fact the means taken were the same as when the USSR collapsed "Shock**"Something like that. The difference is that Argentina** did not completely let itself go after announcing its reform policies, but has deeply intervened in a number of areas, such as manipulating currency exchange rates. However, it is expected to be due to the Argentine domesticForeign exchange reserveswant, and owInternationalWith more than $44 billion in debt, the much-anticipated "full dollarization" is no longer possible.
Expansion: After Milley came to power, he took a seriesEconomyLiberalization measures aimed at the integration of ArgentinaInternationalMarket. And these measures are similar to those of the period of the collapse of the USSR "Shock**"Similar. However, in the process of implementing these measures, Argentina** did not completely let itself go, but intervened deeply in several areas, such as the manipulation of currency exchange rates. However, due to the Argentine domesticForeign exchange reservesinsufficient, and saddled with a huge amountInternationalMonetary ** organization debt, the previously highly anticipated "full dollarization" program is already facing great difficulties.
According to the news, Milley recently released a series of new reform measures, including 30 urgentEconomydecree, of which there are more than 300 minor reforms. These reforms have encompassed the privatization of state-owned enterprises, the liberalization of exports, the removal of control, the deregulation of mining and other industries, and in short, the goal of "all freedoms". In his speech, Milley said this was only the first step in rebuilding the country, and the goal of the emergency decree was "to embark on the path of rebuilding our country, to restore its freedom, and to begin to remove obstacles."Economya large number of obstacles to development". It is reported that Milley also plans to issue more decrees in the next few days to further advance reforms.
Expanding: Recently, Milley released a series of new reform measures, including 30 emergenciesEconomydecree, which contains more than 300 minor reforms. The scope of these reforms ranges from the privatization of state-owned enterprises (SOEs), export liberalization, the deregulation of mining and other sectors, and the overall goal is to achieve "all freedoms". In his speech, Milley stressed that this is only the first step in the country's reconstruction, and that the goal of the emergency decree is "to free our country and remove obstacles."Economyvarious obstacles to development". It was revealed that Milley also plans to issue more decrees in the coming days to further advance the reform process.
However, as the actual situation in Argentina has changed, more and more supporters of Millet have begun to express concerns about the reform of the **, and some have even begun to "regret" the original vote. They argue that Milley's first steps did not start with a real grasp of the national interestEntrepreneursOn the contrary, the control of the exchange rate has affected the quality of life of the people at the bottom to a greater extent, almost overnight, "halving the savings and cash of all households". In addition, due to the fear of further lowering the exchange rate or even abolishing the currency, merchants are stockpiling and selling pesos, as well as not selling products of low value, and the momentum of prices is expected to be reversed.
However, as the actual situation in Argentina has changed, more and more supporters of Milley have begun to express concerns about the reform measures, and some have even begun to "regret" the votes in the first place. They argue that Milley's first steps did not start with a real grasp of the national interestEntrepreneursOn the contrary, the control of the exchange rate has affected the quality of life of the people at the bottom to a greater extent, almost overnight "halving the savings and cash of all households". In addition, due to the fear of further lowering the exchange rate or even abolishing the currency, merchants have hoarded goods and sold pesos, unwilling to ** goods of low value, and it is expected that the trend of prices will be reversed.
Argentina** described Milley's reforms as a "make-or-do" take-off. These policies do not give any leeway, and they affect the whole body. So far, however, Milley's reforms have not yielded significant results. The public began to question the reform line of **, and even called on Milley to "immediately**", including even the people who had previously voted for Milley. Faced with this situation, Milley's aides have been emphasizing that this is only a "labor pain" and cannot be a realistic prospect.
Expanding: Argentina** described Milley's reforms as a "doom or doom" gamble. These policies do not give any room for manoeuvre and have a wide-ranging impact. So far, however, Milley's reforms have not yielded significant results. The populace began to question the course of reform and called on Milley to "immediately", including even those who had previously voted for Milley. Faced with this situation, Milley's aides have been emphasizing that this is only a "labor pain" and cannot be a real prospect.
In short,Argentina**Milley has been right since he came to powerNational economyAlthough the "radical reform" has taken relatively radical measures, the results of the reform are not satisfactory at present. Milley's series of reforms have caused a series of problems in Argentina, with departmental cuts and spending cuts leading to difficulties in the public service, and some states are already in financial difficulties and unable to pay public officials. At the same time, the central bank's manipulation of the peso exchange rate has led to soaring prices, heavy losses in the import and export industry, and a sharp depreciation of people's assets. As the actual situation in Argentina changed, more and more supporters of Milley began to express concern and regret about the reform. Argentina's reforms face enormous difficulties and challenges, and the prospects remain difficult.