PROFILE | Javier Milei: Can Argentina’s rabble-rouser turn realist?
1 year ago

PROFILE | Javier Milei: Can Argentina’s rabble-rouser turn realist?

The Hindu  

As he takes office on December 10, the 53-year-old economist-turned-politician has significantly toned down his rhetoric. Milei has “shown moderation and pragmatism” as he was confronted with “the challenges of governing”, political scientist Rosendo Fraga of the New Majority Study Center think tank told AFP. ‘Destroy’ inflation Candidate Milei had vowed to “destroy” inflation, which at more than 140 per cent year-on-year is one of the highest in the world. Since his election, Milei has said he intended to achieve this by restructuring debt the central bank holds with private banks through “a market solution, without infringing on rights”. ‘Dollarisation’ On the campaign trail, Milei had vowed to ditch the peso in favour of the US dollar, but has since said “dollarisation” may have to wait about a year until the economy strengthens.

History of this topic

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