The president of Argentina, Javier Milei, led the first military parade of his administration this week. On Independence Day (July 9), the Milei government deployed soldiers and tanks on the march that passed through the neighborhoods of Recoleta and Palermo, in Buenos Aires. The climax of the political and military event was when the president and his vice president, Victoria Villarruel, entered an Armed Forces tank (TAM 2C). The public present applauded the passage of Milei and the troops. The following day, however, Presidency spokesman Manoel Adorni was asked about the ostentatious military parade, which would have been the largest since the return of democracy in 1983. “People (opponents) get scared when they see a tank” , he said, ironically. He criticized the fact that previous Kirchnerist governments had not held the same uniform display.
The military parade highlighted the turn in Argentine politics, following the election of the libertarian last year. Before the parade of the Armed Forces, which included planes and helicopters, the Milei government doubled the budget for the Security and Defense areas, with the signing of a Decree of Necessity and Urgency (similar to a Provisional Measure). Those who question one of Milei’s mottos (‘No hay plata’ – ‘There is no money’), the government argues that the Armed Forces had been left aside during the times of Kirchnerism (2003-2015 and 2019- 2023).
The following day, on Wednesday (10), the Argentine president ratified the economic direction, praising the Minister of Economy, Luis Caputo, whom he defined as “the best minister in the country’s history” and criticized economists in general – because they do not understand economics. Milei’s speech to an audience full of businesspeople was held at the Buenos Aires Stock Exchange, which brings together the country’s companies.
This Thursday, in an interview with Miter radio, Caputo said that Argentina’s economy “has left intensive care” and has entered the “recovery” phase. A few days ago, the World Bank and the International Monetary Fund (IMF) worsened their outlook for the performance of the country’s economy, forecasting a 3.5% drop in Gross Domestic Product (GDP). “We came out of intensive care without a flare-up of the crisis, and what’s more, six months into office (actually seven months), we’re talking about a resumption of mortgage credit rather than hyperinflation,” Caputo said.
The challenges are, without a doubt, the increase in poverty rates and the fear among Argentines of losing their jobs, following the implementation of the Milei government’s adjustments – which he continues to call, as during the presidential campaign, a “chainsaw”. .
Externally, Milei once again confirms his preference for a relationship with the United States, with his fifth shipment to the country since his inauguration last December. It will be the Argentine president’s eleventh international trip. This time, he must participate in an annual millionaires’ event called Sun Valley, where he will certainly speak in defense of economic freedom, which he propagates.
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