The Impact of Javier Milei’s Shocking Economic Measures in Argentina – Divided Opinions and Consequences

2023-12-15 01:47:19

Although he has only been in power for a few days, his first measures already divide opinions among the people, according to some Argentine media.

And since his inauguration, the new president Javier Milei announced that his measures would be shocking, and he ruled out gradualism.

This was confirmed with his first major coup, by devaluing the currency by 50 percent, doubling the price of the dollar on purpose, a decision whose scope and consequences remain to be seen.

(Read later: How much is 100,000 Colombian pesos equivalent in Argentine pesos to the Milei dollar)

That is why the Argentine media came out to ask people their opinion on the matter, and in the little that is beginning to be seen there are divided opinions, although there are more unfavorable opinions. A lady He described the measures as “excellent,” but stressed that it is still early to make diagnoses, so he asked to “give time.”.

However, other people already say they feel the effects and do not hide their unease regarding the first days of the new government: “It seems to me that [Milei] He lied to us. The adjustment was theoretically going to be regarding caste and regarding people with greater purchasing power, and in general it is now for all workersthe middle class,” he lamented.

“We are bad. With this situation, that announcement he made, he lowered our salary in one fell swoop to 50 percent. The purchasing power we have, which was already bad, is now worse,” he added.

@riojanews1 “Milei lied to us, she said the adjustment was for caste.” A citizen who trusted Milei said that the Government’s announcement lowered his salary in one fell swoop. #riojanews ♬ original sound – Rioja News

“How do we cope with this?” asked a shopkeeper. “The waters rose, everything rose. Today the new Pepsi list arrived. “Pepsi had risen on Monday, once more today”he said.

Article continues below

Likewise, he called for measures to control prices by the increases that “are neither biweekly, nor weekly, or anything. They are per day and even per hour.for the measures that are taken.”

“We are in a time in which people supposedly like to consume, buy things, and they don’t. There is a very great discomfort,” he acknowledged.

Another man went even further and held nothing back: ““We now have to bank on this brainless president who makes us all pay for the adjustment.”, he declared, and recalled that it had already happened several times in Argentine history. “With this dollar at 800, what butcher is going to sell meat. They are going to export everything,” he added.

“This path, I am sure it is not and never was. “This path, I cannot give you the solution because I am not an economist, but this path never was,” he concluded.


1702617327
#Javier #Milei #divides #opinions #Argentina #week #mandate

Leave a Replay