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Argentine austerity anger mounts, but govt says its working
(www.france24.com)
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this post was submitted on 23 Feb 2024
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Great success!
That’s what happens when your previous government runs the economy into the ground. It was only ever going to get worse before it got better, over time it will equalize and stabilize just like it always does.
Previous government ran the economy on the ground out of a lack of capacity and bad decisions. This one is doing it as part of its's plan.
Theres is a soaring debt exacerbated by the previous-previous government (2015-2019), whose ministers are again on the current government. They are continuing their plan while also preparing Milei's own plan to dollarize.
Previous government was idiotic but managed the pandemics rather well. This government is evil, and only finance sector driven.
Rather well? How's 120k death toll rather well?
From what I can read, he chose certain ministers to placate his opposition, but chose people that would be more sympathetic to his cause and would overall support him. The precious government, while handling the unprecedented pandemic very well, also continuously overspent on top of what the previous previous government spent. What Milei is doing is completely cutting back, stabilizing the Argentinian economy, then will allow the next government to reintroduce subsidies. Like he said, times are hard, and they will only get worse before they get better, but it will be better than what would have happened under another leftist government.