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The new president of Argentina
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The new president of Argentina is Javier Milei, a far-right economist who won the country's presidential elections in provisional results. Milei, a former TV pundit, entered the race as a political outsider and ran an anti-establishment campaign. His victory marks a significant shift to the right for Argentina.
Milei's campaign promises included dollarizing Argentina, a move that would hand over the reins of the country's monetary policy to Washington decision-makers. He also pledged to slash government spending by closing Argentina’s ministries of culture, education, and diversity, and by eliminating public subsidies. Milei is a social conservative with ties to the American right, opposing abortion rights and calling climate change a "lie of socialism".
Milei's victory comes against the backdrop of one of the world's highest inflation rates, which reached 142% year on year. His rival, Sergio Massa, represented Argentina's political establishment and argued that the government's current actions were already reducing inflation, but this argument appears to have failed to convince voters.
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