Can Javier Milei win in Argentina ?

Javier Milei’s victory in Argentina’s primary election has sent shockwaves through the political system. Markets, international investors and lenders are rattled.

Argentina owes more money to the International Monetary Fund than any other country – $44bn, nearly a third of all the IMF’s loans – so the global financial system has reacted negatively.

But it is Argentinians who are hardest hit.

So, what are Milei’s chances in the October presidential race?

Many voters sent a message that they are tired of the two coalitions that have dominated Argentina’s political scene for years.

The results “reflect people’s fatigue on the political leadership, and the lack of solutions within the spaces that have been in power consecutively,” said Mariel Fornoni, director of Management and Fit, a political consulting firm.

Fornoni said that during the campaigns, the political establishment was “focused on their own group dynamics rather than addressing the actual needs of the people,”

Discontent is widespread in Argentina, which is struggling with annual inflation over 100%, rising poverty and a rapidly depreciating currency, Milei attracted support by calling for the country to replace the peso with the U.S. dollar.

“I’m very happy, we’re looking for a change. We’re tired of living like this,” Franco Lesertessur, 19, said as he celebrated outside Milei’s election headquarters in downtown Buenos Aires. “All the countries that have been dollarized ended up moving forward and stopped having inflation.”

https://time.com/6304552/argentina-milei-presidential-primary/

Peso argentino se hunde tras sorpresivo triunfo de Javier Milei en las primarias

El Banco Central argentino devaluó este lunes un 22 % el peso en el tipo de cambio oficial mayorista en las primeras operaciones, según los operadores de mercado, después del sorpresivo triunfo del ultraderechista Javier Milei en las elecciones primarias celebradas el domingo, un resultado que cayó de forma negativa en los mercados

The Argentine peso has plunged in value after a man who admires Donald Trump won presidential primary elections.

Javier Milei, 52, and his Liberty Advances coalition took about 30% of the total vote, according to official results.

Candidates in the main opposition coalition, United for Change, took 28%, while the governing Union for the Homeland coalition achieved 27%.

Mr Milei, 52, won in 16 of the country’s 24 regions, appealing to voters angry about inflation at 116% and the country’s cost of living crisis.

The presidential election is due to be held in October.

Mr Milei, an economist, wears leather jackets, sings rock songs to his supporters and calls his political opponents “thieves”. He is nicknamed ‘the wig’ due to his unusual hairstyle.

A member of the lower house of Argentina’s Congress since 2021, he has pledged to shatter the political status quo and severely shrink the state.

He says Argentina’s central bank should be abolished and wants to replace the peso with the dollar.

The sale of human organs should be legal, he has said, while he characterises sex education as a ploy to destroy the family.

And while gun ownership is currently severely restricted in Argentina, Mr Milei proposes the “deregulation of the legal market”.

Following his primary win, the central bank allowed the peso to slide almost 20%.

The current government has grappled with triple-digit inflation, poverty reaching 40% and recurring debt crises.

In his closing campaign event last week, held in an arena, Mr Milei railed against the political elite “caste” who he describes as “robbers” taking money out of voters’ pockets.

Speaking after the primary results had been announced, he said: “We are facing the end of the caste model.

“Today we have stood up to say enough to the model of decadence. Today we took the first step for the reconstruction of Argentina.”

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Le journal du peintre

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Le journal du peintre

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Le journal du peintre

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