Argentina on Sunday, Nov. 19, elected libertarian Javier Miley, a committed radical to fixing the country’s deep economic crisis, as its new president, Reuters reported.
“According to official results, Miley won almost 56% against 44% for his rival, Peronist economy minister Sergio Massa,” the agency said in a statement.
It is noted that Miley promises to carry out shock therapy of the Argentine economy. He promises to close the central bank, abandon the peso and cut spending – potentially painful reforms that have resonated with voters angered by the economic crisis.
“Argentina’s new president will have to deal with empty government and central bank coffers, a $44 billion International Monetary Fund debt program, and inflation approaching 150%,” the agency stresses.
In addition, Reuters writes, a victory by Miley would change Argentina’s political landscape and economic scheme, and could affect trade in grain, lithium and hydrocarbons. In addition to all this, Miley criticizes China and Brazil, saying he will not deal with “communists” and favors stronger ties with the United States.
