4 ms·
This is well known in Argentina. Many Milei voters knew that if the accounts are put in order and the distortions created by subsidies, privileges, etc. are eli
by alexpc201 3y ago
This is well known in Argentina. Many Milei voters knew that if the accounts are put in order and the distortions created by subsidies, privileges, etc. are eliminated, and with a Central Bank with negative equity, the only way to stay afloat is to finish sinking and bounce off the bottom. A year ago, a consulting firm predicted that if poverty in Argentina is measured accurately and distortions are eliminated, the number would be close to 70%. It's the economy resulting from 23 years of continuous socialism, corruption, and plundering of public coffers. With an almost unpayable external debt, there is no credit institution to which Argentina does not owe an astronomical amount, making it impossible to obtain external financing to "soften" the fiscal and monetary correction needed. Therefore, the only thing left for Argentines is "blood, sweat, and tears."