Argentina: the crisis is hitting the workers
December 2025 › Forums › General discussion › Argentina: the crisis is hitting the workers
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Citizenoftheworld.
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October 27, 2025 at 8:53 pm #261117
Citizenoftheworld
ParticipantThe US press wants to present this election as a great victory and a landslide for Milei and his party, but it is not; There was a very low participation of the voting population, only 65% considered as one of the lowest in the history of Argentina, and Milei only obtained 39.5% and the peronista opposition obtained 29.6%
https://buenosairesherald.com/world/international-relations/trump-congratulates-milei-on-landslide-victory-in-argentinas-midterms. It is not a landslide. A 39% from a participation of 66%, considered as the lowest one in the history of Argentina, is not a landslide, and the Peronistas obtained a second place, and there were several other political parties who also obtained many votes. It is not like in the USA, where only two political parties participated in the election process.
And the victory was produced because of the monetary sway that the government signed with the USA before the election. There were predictions before the swap that there was a tie or that the opposition was going to win
https://www.commondreams.org/news/trump-argentina-election?utm_source=Common+Dreams&utm_campaign=4fd1579733-Top+News%3A+Mon.+10%2F27%2F25+w%2F+fundraiser&utm_medium=email&utm_term=0_-5cab4589e1-601439995-
This reply was modified 2 months ago by
Citizenoftheworld.
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This reply was modified 2 months ago by
Citizenoftheworld.
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This reply was modified 2 months ago by
Citizenoftheworld.
November 8, 2025 at 7:18 am #261316Citizenoftheworld
ParticipantArgentine economists believe the US Treasury has already sold its pesos
Argentine economists believe the US Treasury has already sold its pesos
A Central Bank balance sheet indicates that the currency swap between both countries may have been activated, prompting economists to demand transparencyNovember 23, 2025 at 1:14 pm #261532Citizenoftheworld
ParticipantUS banks shelve $20 billion bailout plan for Argentina. They can only provide a $ 5 billion short-term loan, which is not even enough for several Parrilladas and Malbecs. Donald Trump made a lot of noise, but his promises failed, and workers voted for Milei Congress again, and despite that, his approval was very low. Ironically, besides being a debtor, it is also a creditor; Cuba, Guyana, and Guinea owe Argentina more than 3 billion dollars, which have not been paid
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This reply was modified 1 month, 1 week ago by
Citizenoftheworld.
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This reply was modified 1 month, 1 week ago by
Citizenoftheworld.
November 24, 2025 at 7:43 pm #261611Citizenoftheworld
ParticipantMake Argentina Crash Again: On Milei’s Neoliberal Experiment
Make Argentina crash again
December 24, 2025 at 7:15 am #262236Citizenoftheworld
ParticipantArgentina government signed a financial agreement with Russia and dumped the International Monetary Fund
December 28, 2025 at 2:21 am #262314Roberto
ParticipantArgentina-IMF Relationship under Milei
Record Borrowing: Argentina is the IMF’s largest borrower, with an outstanding debt of over $40 billion.
New $20 Billion Program: In April 2025, the IMF executive board approved a new 48-month, $20 billion Extended Fund Facility (EFF) arrangement to support Milei’s economic stabilization program. This was seen as a strong endorsement of his aggressive austerity measures and fiscal consolidation efforts.
Immediate Disbursement: The deal was notable for an immediate disbursement of $12 billion to bolster Argentina’s critically low foreign exchange reserves, an unusual move for the IMF.
Conditions: The agreement is tied to strict policy implementation, including a “zero-overall deficit target” and market-oriented reforms. Reviews of the program continue, with a recent review in July 2025 enabling a further disbursement of about $2 billion.
Argentina’s Stance on Russia
Geopolitical Realignment: President Milei has explicitly realigned Argentina’s foreign policy with the United States and other Western nations, viewing this as a move away from countries he considers “communist” or adversarial, including Russia and China.
BRICS Rejection: As part of this new foreign policy, Argentina formally renounced its planned membership in the BRICS economic alliance (Brazil, Russia, India, China, and South Africa), a decision that reduced its potential alternative financing options.
No Bilateral Agreement: The publicly available information indicates no trade, investment, or IMF-related agreement between Argentina and Russia under the Milei administration. The focus has been on Western financial support.December 28, 2025 at 5:52 am #262315Citizenoftheworld
ParticipantThe 20 billion deal was shelved by the USA Banks
December 29, 2025 at 1:10 am #262323Citizenoftheworld
ParticipantBeijing break-up: Trump wants China out of Argentina. Could Milei afford it?
To break the agreement between China and Argentina is a commercial and trade agreement that the government of Milei can not afford
December 29, 2025 at 1:15 am #262324Citizenoftheworld
ParticipantTo break the trade agreement between Russia and Argentina is also a trade agreement that Milei is not going to break either; he is flirting with all the world powers
December 29, 2025 at 1:19 am #262325Citizenoftheworld
ParticipantArgentina’s 20 billion bail-out ( monetary swap ) was cancelled by Chase and Citibank.
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