Miley took the saw: all shock measures in argentina

50% devaluation of the peso, closure of nine ministries, layoffs and cuts in energy and transportation subsidies with the blessing of the IMF • First reactions of Argentines aware of the coming carnage.

The shock to Argentina’s economy promised by new far-right President Javier Melay is in full effect, as the country’s citizens face global austerity measures.

Excludes Decrease the value of the national currency by 50% The Minister of Finance announced a series of terrifying cuts, foretelling very difficult conditions for citizens.

Miley’s logic is the notorious neoliberal TINA in which the president declared two days after his inauguration “For some time we will be worse off than now. We do not have time to think of other alternatives.”

According to statements by Minister Luis Caputo, the government is canceling any existing plans for public works, while deciding to reduce the number of ministries from 18 to nine ministries.

“If we continue this situation, we are heading towards hyperinflation,” he added. “Our mission is to avoid disaster,” Caputo said. He admitted, of course, that these measures would harm citizens and their purchasing power, with the government preparing for the “golden pill” by granting some additional social benefits. He stressed that Public works will be implemented by the private sector “because the state does not have the money or financing” for them.

He praises the International Monetary Fund

As expected, the IMF made no secret of its great satisfaction with the massacre measures, and spoke of “good grounds” for further discussions with Argentina on public debt.

“These bold measures aim to significantly improve public finances in a way that protects the most vulnerable groups in society and boosts international trade. Their decisive implementation will help stabilize the economy and lay the foundations for more stable private sector-led growth,” the IMF representative said.

First reactions

Central figures in the previous Alberto Fernández administration may not have commented on these announcements, but Juan Graboa, a well-known activist and lawyer associated with former President Cristina Fernández, says Caputo announced “social murders without flinching.” A psychopath preparing to slaughter his defenseless victims.” “Do you really think people won’t protest?” he adds.
“These measures are good in theory to fix the economy, but a lot of people will suffer because of them,” says Agustina Ferreira, 19, a shop employee in Buenos Aires.

Jose Diaz, an agricultural engineer, says that the government’s strict economic measures were “necessary” but their impact on people’s daily lives will be heavy. “Yesterday, I was telling my kids at dinner that it’s as if they were told your salary will be cut in half,” he recounts. His family has already tightened its belts and bought less food. He is more concerned about retirees. “I don’t know how they will manage! When the cost of everything goes up by 30% or 40%, it will be very difficult.”

“There will inevitably be huge costs in the coming months” due to stagnant inflation, says economist Gustavo Beer, referring to the explosive combination of inflation and recession.

Analysts confirm that the biggest challenge facing Miley will be containing social unrest. Many Argentines, exhausted by years of economic crisis, now seem willing to give him time to turn things around, but their patience will not last long.

Facundo Marino, a 53-year-old worker in Buenos Aires, says he supports the government’s program, believing it is necessary to prevent the situation from getting worse. However, he admits, “This is a big shock to consumers’ pockets.”