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HomeFrench NewsMilei hits Argentina with financial shock techniques, by Anne-Dominique Correa (Le Monde...

Milei hits Argentina with financial shock techniques, by Anne-Dominique Correa (Le Monde diplomatique

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Demonstration in opposition to Argentine president Javier Milei’s new labour regulation, Buenos Aires, 27 December 2023

Luciano Gonzalez · Anadolu · Getty

It didn’t take lengthy for the masks to slide. On 10 December, the day of his inauguration, Argentina’s new president, Javier Milei, launched the primary official {photograph} of his authorities, which has been slimmed down to only 9 ministries (from 20 beneath his predecessor Alberto Fernández): human capital, infrastructure, financial system, justice, safety, defence, well being, overseas affairs and the inside.

Argentinians noticed two acquainted faces within the line-up: the brand new financial system minister, Luis Caputo, who was secretary of state after which finance minister in Mauricio Macri’s authorities (2015-19). And Patricia Bullrich, who returns to the function of safety minister, which she held beneath Macri. The customarily stern-looking Bullrich was smiling broadly within the photograph: although defeated within the first spherical of the presidential election (through which she stood for the conservative coalition celebration Juntos Por El Cambio (Collectively for Change)), she had secured a authorities job via an alliance together with her former rival.

Milei’s staff appears fairly typical for somebody who ran for the presidency because the ‘anti-system’ candidate, promising a break with the political ‘caste’. In actuality, beneath Milei, ‘the caste is in energy,’ says political scientist David Copello, who additionally factors out the personal sector background of a number of cupboard members. Nicolas Posse, Milei’s chief of workers, and Mariano Cúneo Libarona, the brand new justice and human rights minister, each labored for Corporación América, the monetary and media conglomerate owned by Eduardo Eurnekian, a outstanding billionaire businessman to whom Milei was as soon as financial advisor. The economist-president took his first steps into the limelight in 2016 on the tv dialogue programme Animales Sueltos (Animals at Massive) on Eurnekian-owned América TV.

‘Milei isn’t anti-caste; he’s anti-Kirchnerist,’ says Gabriel Vommaro, professor of political sociology on the Nationwide College of San Martín (UNSAM), within the sense of rejecting the insurance policies of the (…)

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