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Javier Milei, a volatile far-right libertarian who has vowed to “exterminate” inflation and take a chainsaw to the state, has been elected president of Argentina, catapulting South America’s number two economy into an unpredictable and potentially turbulent future.
As he set off to join the party at Milei’s campaign HQ, Jiménez said he knew the result was likely to send Argentina’s peso tumbling against the dollar and cause more economic pain.
During his campaign, Milei – who will take office on 10 December – vowed to abolish the central bank and dollarise the economy in order to overcome a financial calamity that has left 40% of Argentina’s 45 million citizens in poverty and pushed inflation to more than 140%.
Milei’s victory was celebrated by other big beasts of the global far-right including Brazil’s former president Jair Bolsonaro who had championed his campaign and has promised to attend his inauguration.
Leftwing opponents reacted with shock and dejection to the election of a notoriously erratic figure whose radical ideas include legalising the sale of organs, cutting ties with Argentina’s two biggest trade partners, Brazil and China, and closing more than a dozen ministries.
Milei – a climate-denying populist who is known by the nickname El Loco (the Madman) – has also enraged millions of Argentinians by questioning the four-decade consensus over the crimes of its 1976-83 dictatorship, during which an estimated 30,000 people were killed by the military regime.
🤖 I’m a bot that provides automatic summaries for articles:
Click here to see the summary
Javier Milei, a volatile far-right libertarian who has vowed to “exterminate” inflation and take a chainsaw to the state, has been elected president of Argentina, catapulting South America’s number two economy into an unpredictable and potentially turbulent future.
As he set off to join the party at Milei’s campaign HQ, Jiménez said he knew the result was likely to send Argentina’s peso tumbling against the dollar and cause more economic pain.
During his campaign, Milei – who will take office on 10 December – vowed to abolish the central bank and dollarise the economy in order to overcome a financial calamity that has left 40% of Argentina’s 45 million citizens in poverty and pushed inflation to more than 140%.
Milei’s victory was celebrated by other big beasts of the global far-right including Brazil’s former president Jair Bolsonaro who had championed his campaign and has promised to attend his inauguration.
Leftwing opponents reacted with shock and dejection to the election of a notoriously erratic figure whose radical ideas include legalising the sale of organs, cutting ties with Argentina’s two biggest trade partners, Brazil and China, and closing more than a dozen ministries.
Milei – a climate-denying populist who is known by the nickname El Loco (the Madman) – has also enraged millions of Argentinians by questioning the four-decade consensus over the crimes of its 1976-83 dictatorship, during which an estimated 30,000 people were killed by the military regime.
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