Buenos Aires, November 16 (NA) – A United Kingdom media outlet highlighted President Javier Milei's economic plan and stated that the current local fiscal reforms seem 'absolutely weak'.
'A neighborhood phenomenon,' celebrated the head of state through his X account in a post where he shared the article.
The Telegraph newspaper presented the libertarian's government plan amidst the debate over the budget of Chancellor Rachel Reeves taking place these days and contrasted the impact of libertarian policies.
'They will be timid compared to the truly radical fiscal consolidation being carried out some seven thousand kilometers away,' stated economist Liam Halligan.
'Since his victory in the December 2023 elections, President Milei has transformed a hyperinflationary economy into a fast-growing economy, with drastically reduced inflation and on the verge of attracting significant international investment,' he remarked while noting that Milei had managed to bring order to the markets.
Likewise, he compared the reforms proposed by the libertarian administration with those pushed by the 'Troika' made up of the European Commission, the European Central Bank (ECB), and the International Monetary Fund (IMF) in Greece between 2010 and 2012.
'Milei, on the other hand, not only won the elections two years ago thanks to his drastic budget cuts, but just fifteen days ago, he won another crushing victory in the midterm elections, campaigning in favor of new radical spending cuts and free-market reforms,' he celebrated regarding the national legislative elections.
Halligan also highlighted the economic backing of Republican Donald Trump and expressed hope for Argentina's reintegration into capital markets, although he noted the fluctuation of the peso within established bands.
'Milei faces more political challenges, including new reforms in pensions and social welfare, and while the peso fluctuates within a controlled band for now, a gradual move to a fully floating exchange rate would boost growth and help accumulate the much-needed international reserves,' he stated.
The British journalist, for his part, asserted that the libertarian measures 'offer valuable lessons for countless governments of developed countries that are struggling with enormous annual deficits, stratospheric debts, and skyrocketing interest payments, including the United Kingdom'.
'What Milei has demonstrated is the power of a firm but coherent economic message, presented with honesty, authenticity, and conviction,' he defined, and added: 'Some would argue that direct fiscal realism resonates better with Argentines—repeatedly exposed to three-digit inflation, excessive regulation, and recurrent crises—than with Britons, accustomed to a life of luxury'.
Finally, he recalled the words of Member of Parliament Kemi Badenoch, who stated that Milei's reforms are a 'model to follow,' and declared that Argentina serves as proof of the benefit of 'maintaining policies that may initially be unpopular'.
