“In the short term, the decline of Peronism suggests that the center-right opposition will win the elections next yearas long as it can overcome its own internal divisions and manage to eliminate competition from Javier Milei, a libertarian popular with young people,” added The Economist.
By case, sees the Buenos Aires head of government, Horacio Rodríguez Larreta, as the “strongest presidential candidate of the opposition”.
He assured that Peronism “is now at its lowest point” and added that “The energy, grace and teamwork of Argentine soccer players do not find echoes in his government.”
about the president Alberto Fernández indicated that he “heads a weak, divided and failed administration.” “On October 17, Peronist Loyalty Day, as it is called in homage to that 1945 demonstration (which saw the birth of Peronism) saw three rival commemorations in 2022,” he specified, since the president did not attend any of them.
There was also a section for the vice president Cristina Fernandez de Kirchner and his announcement after the conviction in the Public Works case that he was not going to run for any position in 2023.
“He surprised his supporters by saying he would not seek to run for office in the general election scheduled for October 2023. That may be a ruse. But it may also reflect his dwindling public support.”he pointed.
And he added: “Peronism is also out of ideas, as highlighted by the chronic economic crisis in Argentina. Macri tried but failed to stabilize the economy he inherited after a decade of excessive spending by the Kirchners.”
“The government of Fernández has tried halfway. It forced approval of a $44 billion IMF loan that is essential to support the peso, but requires tighter monetary and fiscal policy,” The Economist said.
The weekly indicated that the economy “is held together by a battery of price and exchange controls,” although it maintained that “inflation will be close to 100 percent this year, and on the (tolerated) black market the peso is worth less than a quarter of its value three years ago.”
“The problem is that populism creates expectations that it cannot meet. There are two consequences. The Fernández government, like several of its predecessors, it finances itself in part by printing money. Long experience means that Argentines are wary of the peso. All this generates inflationwhich the government masks with multiple exchange rates, offering cheap dollars for selected imports and discriminating against exports,” he explained.
Finally, he noted: “A second problem is that it protects vested interests, such as uncompetitive industrialists and union barons.who receive unaffordable subsidies and privileges, which causes a chronic fiscal deficit”.
Source: Ambito
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
