Argentinian stock exchange welcomes Milei’s victory as transition process begins

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Alberto Fernandez He accepted his successor as president this Tuesday Argentina, far-right extremist Javier Milei. The meeting held at the Olivos residence on the northern outskirts of Buenos Aires city attracted the attention of society and markets. Shares in Başkent Stock Exchange were registered average 35% increase On the first business day after last Sunday’s election. “Best day since 1991” said the business newspaper Historian. a promise wave of privatization The share of public goods caused this increase. Price dollarIt will have a more direct impact over and above 1,000 pesos. inflation and the pockets of the majority of men and women who voted for Milei at the ballot box.

In this context, Pope Francisco He called the winner of the election. Milei’s entourage reported that the dialogue was “very good” and that he approved Jorge Bergoglio’s invitation to visit his country next year “as head of State and leader of the Church”. The conversation was trying to heal the wounds. During the election campaign, the economist described the Pope as follows: “Bad person“.

Presidential spokesperson Gabriela Cerruti said that the meeting took place in Olivos “to initiate the institutional transition process.” Between the teams of the current Government and La Libertad Avanza (LLA). The winner of the elections confirmed once again as he went to meet the expectations he had aroused among his followers. The anarcho-capitalist was recognized and taken away by a school bus. He came out of his car to meet the children who were shouting at him “I love you”. That moment, which summarized the honeymoon with the voters, was caught on camera. popularity will be the key to realizing radical economic program.

Fernández for months ghost character of politicsApart from a few interventions in social networks and protocol trips abroad, he spoke for about two hours with the man who will come to power next. 10 December. The image, showing them with utmost seriousness, was immediately understood by political analysts: between them was a small table on which two glasses of water and a jug of water were left. There is no rich breakfast. Austerity was in keeping with what was at stake.

Argue without agreement

According to the newspaper People, Fernández and his guest “reviewed state affairs and the international agenda” and “launched transition teams, establishing liaisons in all areas.” According to sources consulted by both sides, this was a meeting”Friendly, respectful and corporate“. Beyond the formalities, the head of exit and entry was discussed Who should pay the price for the painful measures that must be taken? to fix the economy on the verge of hyperinflation in the coming hours. The anarcho-capitalist has already warned that stopping the rise in the cost of living will not be that easy. It will take up to two years for inflation to be reduced to acceptable levels, contrary to what his campaign claims.

Milei believes that the current Government, and especially the Minister of Economy, should bear the impact of measures that would shake the people of a country. 40% poor. LLA warned in this sense: “Until December 10, President Alberto Fernández and the Minister of Economy, Sergio Massa“They are constitutionally responsible for the situation of Argentines.”

For now, current officials have called on executives in the food and supermarket industries to ask them to be careful amid a 40% price increase that could fuel a crisis. social epidemic.

The limits of Milei’s agenda

Milei, who reshaped Argentina’s political map from the ground up as a television talk show host, has already received numerous greetings from presidents who have expressed their support for his future administration.

Everything that can be in the hands of the private sector will be in the hands of the private sector.“, the future president reiterated on Monday night. Beyond his desire to reduce the state to its minimum expression, Milei needs a parliamentary power that he does not have. There are only 15 percent of deputies and 10 percent of senators. The votes of traditional right-wing legislators are not enough. The newspaper said, “The first reading they have made abroad is that a pragmatic approach will now be adopted by softening the campaign proposals and rhetoric.” financial area. “There is an opinion among emerging market experts that Milei will act more pragmatically and will not carry out all the measures that make up his political program, above all due to the weak basis of parliamentary support.”

Therefore, the anarcho-capitalist, like himself, must embrace the will of Peronism and the provincial parties in order to realize some aspects of his agenda. Carlos Menem In the 90s, Milei tries to look in the mirror of Menemism. The Peronist president of the time abandoned the doctrine of this movement and decisively neoliberalismFollowing the victorious political trend after the fall of the Berlin Wall. He faced harsh protests but achieved his goal, transferring energy, communications, railways, steel and the pension system back into state-owned private hands, and Milei wants to return to business. The incoming government is preparing to face resistance on the streets and has already warned that it will show little tolerance for protesters.

Opposition to decriminalizing abortion

Future MP Alberto Benegas Lynch said, “We will reduce spending, lower taxes, and there will be modernization and liberalization of the workforce. The Milei Government will help the private sector develop and be able to take back the human capital that is wasted today.” .

The far right also has other horizons of change. “Life is the most fundamental right. Let’s pass a law” abortion it seems to me the most terrible atrocity. “If we have this, we are savages,” he said, expressing his determination to work for the repeal of this law.

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