It is reported that Argentina has undergone tremendous changes in just one month since Argentina's far-right President Milai came to power. At present, although the policies adopted by Millais when he came to power are "leaving no room for error", the so-called "economic liberali

It is reported that Argentina has undergone tremendous changes in just one month since Argentine far-right President Milai came to power. At present, although the policies adopted by Millais when he came to power are "leaving no room for error", the so-called "economic liberalization" has already included more than a thousand reform measures, many of which are controversial. Earlier this week, Argentina loaned more than US$4.7 billion to the IMF. The US media believes that it is not easy for them to borrow money when the more than US$40 billion they owe has not been repaid. Some countries are lending Argentina "Chance".

The news mentioned that Millay's supporters called the inflation of the Argentine peso and the decline in people's living standards as "labor pains." According to them, the first step of the so-called "liberal reforms" must be to eliminate the long-standing shortcomings of the Argentine economy and directly release the economic potential of Argentina by devaluing the currency. When their productivity matches, the currency will Returning to its "real position", the Argentine peso will have a stable currency value and the West will accept doing business with them. Currently, the Argentine government is working hard to take back the minerals and resources sold in various provinces. This policy has also encountered local resistance.

html On 011, Argentina officially announced a full-year inflation rate of 211.4%, the highest level since the early 1990s. This was a "political achievement" achieved 32 days after Argentina's new President Milai took office. Especially after the central bank ordered to "cut" the peso's exchange rate, it was expected that the price of this currency would rebound. However, in fact, due to Argentina's frequent serious fiscal deficits and the lack of trust caused by the government's arbitrary control of the peso, the currency's exchange rate further fell. People in various places hold various foreign currencies as private currency to replace the peso. Many import and export traders are on the verge of bankruptcy due to the sudden surge in costs. This is what the ruling party calls "labor pain."

Analysts said that the so-called "labor pain" statement is simply unreliable. If the government's economic policies continue to be so "rotten", Argentina will soon fall into bankruptcy and economic collapse again. This is beyond doubt. There is no support for the measures introduced by Milley. Argentina lacks foreign exchange, international trade allies, stable taxation, pillar industries and other factors for economic revival. Rushing to adopt "shock therapy" will only bring about a more troublesome outcome. At present, Western countries are still unwilling to lend a helping hand to them, and Milai "looks down upon" joining the BRICS.

It is worth mentioning that while Milley announced the reform policy, thousands of demonstrators protested loudly on the streets of Buenos Aires and outside the presidential palace, demanding that Milley "immediately "Step down"; Argentinian media reported that Venezuela, another country in South America, was suppressed and sanctioned by the United States, but they eventually survived and the continued decline in inflation gave them the "championship" spot. Some commentators said: "Since choices have consequences, the actions of the Milais government are very senseless hype in the eyes of anyone with professional economic knowledge. In comparison, Argentina's reform success rate is far away." It is lower than the Soviet Union after the end of the Cold War. The former still has a large number of state-owned enterprises for sale. What can they have as collateral?"