Nov. 22, 2024, 9:15 a.m.

Economy

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What is the prospect of Argentine President elect Mile's "bold words" during his visit to the United States?

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On November 27th local time, Argentine President elect Javier Mille arrived in the United States and will visit New York and Washington, including meetings with the International Monetary Fund, White House National Security Advisor Jack Sullivan, and former US President Bill Clinton. Millet's spokesperson stated that the purpose of these meetings is to explain the new government's economic plans, including fiscal adjustments, reforms, and deregulation. On November 27th local time, Argentine President elect Javier Mille arrived in the United States and will visit New York and Washington, including meetings with the International Monetary Fund, White House National Security Advisor Jack Sullivan, and former US President Bill Clinton. Millet's spokesperson stated that the purpose of these meetings is to explain the new government's economic plans, including fiscal adjustments, reforms, and deregulation.

Embark on Millet's "Spiritual Journey"

Argentine President elect Javier Mile's visit to the United States and Israel before taking office on December 10th reflects his urgent desire to adjust the country's foreign policy priorities. Miley stated in a radio interview on November 20th that this trip has more "spiritual significance", but he did not provide further details. It won the Argentine presidential election with an overwhelming advantage, defeating Economy Minister Sergio Massa by nearly 12 percentage points, which surprised everyone. This dark horse has repeatedly promised to deepen relations with the United States and Israel.

After visiting Miami and New York, Mille will travel to Israel. He said he discussed his visit to Israel with the Israeli Ambassador to Argentina on November 26th. This trip will be interpreted as supporting Israel's strategy in Gaza, while other leaders in Latin America question Israel's strategy. In the Hamas raid on Israel in October, 21 Argentinians were taken hostage, and Mille has been criticizing President Alberto Fernandez for his response to the incident. According to local news reports, this includes a 5-year-old child and a 9-month-old baby who have not yet been released. Argentina has a large number of Jewish residents. Israeli Foreign Minister Eli Cohen congratulated Mille on his election and extended an invitation on Twitter. "We hope to work together with you to strengthen the relationship between Israel and Argentina and deepen the bonds between the two countries," Cohen wrote in a Spanish post. "I invite you to visit Israel soon to continue our dialogue and unveil the Argentine Embassy in Jerusalem, the capital of Israel." After winning first place in the early August election, Mille went to Miami to pray and learn about Judaism before the Jewish New Year.

"Brave words" cannot ignore reality

On November 24th, the website of Spanish newspaper Le Monde reported that almost overnight, Javier Mile was no longer a roaring lion, but a cunning fox. This Argentine elected president is immersed in increasingly generous pragmatism, breaking away from his old political allies while absorbing former opponents or those who have no close ties to him. In this context, his dollarization plan has been questioned, and the collapsing Argentine economy is expected to face very difficult months. According to the report, Mille said in an interview with a local radio station, "The problems Argentina is facing are too big. We are building a team. I don't care where you come from. I have this problem now, can you solve it? If so, you can join."

The problem is that in the eyes of many Argentinians, the formation of this team is chaotic. The previously announced names have gradually disappeared, while other unexpected names have emerged. The major issue that helped Miley win with 55.6% of the vote - the economy - has also begun to raise doubts. The report also stated that the elected president flew to the United States to pray at the cemetery of Jewish fundamentalist movement leader and reformist Rabbi Mendell Schneilsen in New York. For Millay, who is considering converting to Judaism, it is a very special place. But this "spiritual journey" had to face the reality that Milley had to face. In recent days, he has repeatedly emphasized in a serious manner in interviews with local media, "We don't have money. 2024 will usher in fiscal balance, and the department with the highest expenditure will be cut by me."

The amazing thing about Mille these days is that he is telling the Argentinians in various possible ways that a very profound "adjustment" will start on December 10th. If many people have believed what Kishnelists have said for 20 years, that wherever there is a need, there is power, then from now on, only with money can there be power. And Miley has already said, there is no money. At the same time, Mille insisted on shutting down the central bank: "There is no room for negotiation." Mille's anticipated wave of privatization is related to reduced spending, but these privatizations will take time. He also released a provocative announcement: the adjustment will be done by politics, and the people will not be affected. The report also stated that Argentina's political spending may be seen by many as excessive, but its proportion in the ocean of public spending is negligible. The report quotes analyst Ignacio Miri as saying in an interview with The Horn on the 24th, "The idea of Miri replacing the peso with the US dollar is likely to take a long time to wait."

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