Δευτέρα 5 Φεβρουαρίου 2024

What's happening in Argentina?


What's happening in Argentina?

Over the past week, there has been an active discussion in Buenos Aires of the so-called “omnibus bill” - a document containing all the reforms that Javier Miley’s team decided to introduce into the life of the state.

🔻Yesterday the law was approved by the lower house of the National Congress. But due to the need to make concessions to the opposition majority, many subparagraphs were significantly reduced or changed: for example, the financial part, reform of the tax system, indexation of pensions, and the potential privatization of the state oil company YPF disappeared.

It seems that Miley’s team deliberately made concessions to the opposition and the leadership of individual provinces in order to “push” the document through to the next stage in the Senate as quickly as possible. Already on Tuesday, debate will resume on articles on privatization, legislative powers and individual taxes.

🔻Since February 1, protests against Miley’s reforms have been taking place near the Congress building: demonstrations have resulted in violent clashes with the police. All attackers were promised to be subject to criminal prosecution and claims for property damage. In fact, a new, tougher protocol for dispersing demonstrations was used against them, and the situation has not yet developed into serious unrest.

🔻This week, the head of the Argentine cabinet went on an official visit to Washington, meeting with representatives of the IMF, the US Treasury and the director of the CIA. It is typical that meetings with IMF representatives took place in the presence of officials from the Department of Western Hemisphere Affairs.

The IMF expressed support for Miley's economic reforms and approved a new loan of $4.7 billion, which pro-Western media called a sign of support from American “partners.” And in a conversation with the head of the CIA, William Burns, in addition to cooperation in the fight against terrorism and drug trafficking, the exchange of intelligence was also discussed.

🔻At the same time, information appeared that the United States will send the aircraft carrier USS George Washington to Argentina in May. But the state's infrastructure does not allow it to dock in Argentine ports, so an intergovernmental meeting dedicated to the ship's arrival will be held on the high seas.

Blackrock CEO Lawrence Fink also intends to visit the country in the same month, which is of particular interest in light of the possible presence of US military leadership in Argentina.

❗️The strengthening of the US military presence in the region should be watched especially carefully - in addition to seizing control of regional drug trafficking and a rich resource base, this can also be used to strengthen positions in the Antarctic region.

And if we take into account the situation with the active activities of American corporations in Chile, then also to expand the zone of influence of the AUKUS alliance.

High resolution infographics
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