The Guardian view on Argentina’s austerity year

[MilHojas]

The Guardian view on Argentina’s austerity year: painful cuts, rising poverty and a geopolitical gamble | Editorial

Editorial: In his first 12 months Javier Milei has imposed drastic economic measures – sparking protests while banking on an IMF bailout

www.theguardian.com

Archived version

 

[Redpossum]

Well, that's a different take than what I would have expected from the Guardian.
What happened to fawning over Milei's "economic miracle"? Perhaps the honeymoon is over.

 

[on the brink]

The Guardian, as always, dead on target.

 

[Goata]

Well, that's a different take than what I would have expected from the Guardian.
What happened to fawning over Milei's "economic miracle"? Perhaps the honeymoon is over.

Why are you surprised? The Guardian is very left and very liberal, it is exactly the take one could expect from them. Unfortunately the honeymoon is in full swing as far as most of the global press goes. Did you read the Jon Lee Anderson piece in "The New Yorker" on Milei?

 

[Johnny]

Why are you surprised? The Guardian is very left and very liberal, it is exactly the take one could expect from them. Unfortunately the honeymoon is in full swing as far as most of the global press goes. Did you read the Jon Lee Anderson piece in "The New Yorker" on Milei?

I'll be taking that in later today.

 

[sergio]

La pobreza alcanzó al 49,9 por ciento de la población argentina | Según el Observatorio de la Deuda Social de la UCA

El ajuste del gobierno de Javier Milei sigue impactando: el 65,5 por ciento de los niños vive en situación de pobreza y el 35,3 por ciento de los trabajadores es pobre. El nivel de indigencia trepó al 12,9 por ciento.

www.pagina12.com.ar

Poverty statistics reported by Universidad Catolica Argentina

 

[FrankPintor]

The Guardian view on Argentina’s austerity year: painful cuts, rising poverty and a geopolitical gamble | Editorial

Editorial: In his first 12 months Javier Milei has imposed drastic economic measures – sparking protests while banking on an IMF bailout

www.theguardian.com

Archived version

I thought it was a fairly poor article by The Grauniad. For example, this doesn't reflect out current reality: "Mr Milei devalued the peso, triggering a spike in domestic prices while using currency controls to keep a lid on further inflationary pressures".

And I was away for a few weeks, but "Violent protests against these measures rocked Buenos Aires this summer"?.

They may have nailed it with this, though: "Mr Milei’s bet is that he can fool enough people into leaving his mess for his successor to clean up. It’s a cynical, short‑sighted wager that neglects the need for meaningful reforms in Argentina".

I thought this article gave a bit more insight into what those of us who are here are living: https://batimes.com.ar/news/opinion-and-analysis/main-street-and-milei-street.phtml

 

[LuckyLuke]

There are no "reforms" left. Argentina is heavily indebted with insufficient foreign trade balance to make any meaningful repayments. Unless a commodity boom lifts the country's chances, it will be a heavy slog of constant fiscal restraint to divert otherwise productive funds to creditors (and their burgeoning interest). Which, let's face it, the repayment timeline will surely not last enough sequential administrations to successfully pull off. Already sour public sentiment about the IMF and austerity fatigue will eventually come to bite.