Far-right Javier Milei declared victory in the presidential elections held in Argentina, which is struggling with a deep economic crisis and struggling due to high inflation.
In Argentina, which was in an economic crisis and was compared to Turkey by economic experts, Milei announced that his country would make “extreme” changes in its economic policies.
Leftist candidate Sergio Massa, who became economy minister, received 44.2 percent of the votes in the elections, while Milei received 55.8 percent.
Milei’s victory had a great impact.
Addressing voters in Buenos Aires after the election, Milei said, “Today is the end of Argentina’s decline. “It is the end of the ubiquitous state model that impoverishes Argentines today,” he said. Saying he would make very rapid reforms, Milei’s campaign focused on his promise to use a “chainsaw” on the state by reducing spending by up to 15 percent of gross domestic product and dollarize the economy to reduce inflation. Annual price increases in Argentina reached 142.7 percent in October.
After Milei’s victory, the British Financial Times newspaper reported that many voters took a victory lap. Speaking to the newspaper, 57-year-old Leonardo Estarone said, “I have been waiting for this moment my whole life. No more Peronists, no more thieves, no more lies. “My children will live in a free country,” he said.
After the election results were announced, people took to the streets.
Describing himself as an “anarchist-capitalist”, Milei made remarkable promises such as the sale of human organs and the abolition of all gun laws. While Milei described Argentinian Pope Francis as a “dirty leftist”, he also interpreted climate change as “socialist lies”.
One of the people who congratulated Milei was former US President Donald Trump. Trump, who is one of the names that Milei is compared to, said, “I am proud of you. “You will fix your country and make Argentina truly great,” he said.
HE PROMISED TO CLOSE THE CENTRAL BANK
Milei’s election promises included closing the Central Bank of Argentina.
Milei, who described the Central Bank of Argentina as “the world’s biggest garbage dump”, said in his statement to Bloomberg 3 months ago, “Central Banks are divided into four categories. “One is the bad ones like the Fed (American Federal Reserve), the other is the very bad ones like those in Latin America, the terribly bad ones and the Central Bank of Argentina,” he said.
Argentinian people chanted slogans in support of Milei in the streets.
Although Milei suggested using the US Dollar instead of the Argentine Peso during the election process and stated that he wanted to increase the use of the dollar in the country, experts said that this project would not be realized in the short term.
Experts speaking to the British Financial Times said, “This plan cannot be realized in the short term because there is almost no dollar in the Central Bank of Argentina and there is no access to international credit.”
Release date: 08:07, 20 November 2023