Javier Miley promised shock therapy to Argentina
Photo: REUTERS
When Miley was a schoolboy in the early 1980s, his classmates called him “El Loco”, which means crazy or insane. And all because of his attacks and criticism of teachers. Over the years, Javier Miley has not changed his eccentricity and simplicity. From a political outsider, he became a leader who gathered around him opponents of the government and the current system.
By the age of 53, Miley had changed a dozen roles: soccer goalkeeper, amateur rock musician, economist, college professor, writer and showman. Because of his extraordinary style: sideburns, tousled hairstyle like a wig and rocker style, journalists called him a mix of Boris Johnson, Donald Trump and the murderous doll Chucky. Although once image consultant Mileya conceived her image as a combination of Elvis Presley and the superhero Wolverine. Her love of bad words added to the sharpness and brutality of her image, which became a topic of discussion in the United States and Latin American countries.
The day after his election, the new president announced that he plans to privatize the national oil company YPF, but first it must be reformed to sell it “in a very, very, very profitable way for Argentines,” Politico writes. .
“Everything that can be in the hands of the private sector will be in the hands of the private sector,” said the president.
He also warned that in Argentina there is no place for state broadcasters, which covered his electoral campaign in an extremely negative way.
“I do not support the practice of creating a Ministry of Propaganda,” he said.
Javier Miley insists Argentina needs shock therapy or risks becoming a slum. One of his first tasks will be to prepare a new budget for 2024 for parliamentary approval. He will begin this job immediately upon his inauguration on December 10. Analysts expect the budget proposal to include significant spending cuts. Although in the future Miley will have difficulties getting his initiatives approved in parliament (his La Libertad Avanza coalition has 38 of 257 seats in the lower house and 7 of 72 in the Senate), experts remember that in Argentina there is an unspoken tradition that parties do not block a new president’s first budget.
Miley will also have to start negotiations with the IMF to restructure the loan program in the amount of 44 billion dollars. It is worth remembering that Argentina owes the IMF more than any other country in the world, recalls the Financial Times.
The key person in Javier Miley’s cabinet will be the Minister of Economy. Previously, this position was held by socialist Sergio Massa, who advanced to the second round of the presidential election against Miley. Argentina’s new leader is still hiding who will be in charge of the economic sector in the government. According to him, after Massa’s machinations, naming a candidate would be equivalent to putting the most important minister in the electric chair. However, there are suggestions in the media that Macri’s former central bank chief Federico Sturzenegger or former Finance Minister Louis Caputo could be appointed to this difficult position.
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