The China Mail - In Argentine farm town, Milei mania fizzles

USD -
AED 3.672504
AFN 66.686399
ALL 82.894043
AMD 385.088852
ANG 1.789982
AOA 917.000367
ARS 1455.456041
AUD 1.538462
AWG 1.8025
AZN 1.70397
BAM 1.677783
BBD 2.019808
BDT 122.140679
BGN 1.67635
BHD 0.376389
BIF 2955.975652
BMD 1
BND 1.298467
BOB 6.929712
BRL 5.405204
BSD 1.002827
BTN 88.270188
BWP 13.43822
BYN 3.416216
BYR 19600
BZD 2.016891
CAD 1.40225
CDF 2205.000362
CHF 0.793327
CLF 0.024402
CLP 957.280396
CNY 7.12705
CNH 7.127415
COP 3829.91
CRC 503.429549
CUC 1
CUP 26.5
CVE 94.590827
CZK 20.841704
DJF 178.578628
DKK 6.408804
DOP 63.426289
DZD 129.61804
EGP 47.51212
ERN 15
ETB 149.059011
EUR 0.857604
FJD 2.27385
FKP 0.745018
GBP 0.744768
GEL 2.703861
GGP 0.745018
GHS 10.754865
GIP 0.745018
GMD 72.000355
GNF 8702.77667
GTQ 7.681189
GYD 209.770053
HKD 7.767265
HNL 26.339291
HRK 6.466804
HTG 131.528262
HUF 334.10504
IDR 16572.65
ILS 3.305505
IMP 0.745018
INR 88.02565
IQD 1313.711445
IRR 42062.503816
ISK 121.710386
JEP 0.745018
JMD 161.179483
JOD 0.70904
JPY 150.61504
KES 129.520385
KGS 87.450384
KHR 4036.530386
KMF 422.503794
KPW 899.947004
KRW 1421.740383
KWD 0.30583
KYD 0.835717
KZT 539.476111
LAK 21761.080205
LBP 89802.136904
LKR 303.61884
LRD 183.511266
LSL 17.487186
LTL 2.95274
LVL 0.60489
LYD 5.443058
MAD 9.17033
MDL 16.912512
MGA 4460.819847
MKD 52.860715
MMK 2099.697056
MNT 3595.656944
MOP 8.022613
MRU 40.107927
MUR 45.030378
MVR 15.303739
MWK 1738.86189
MXN 18.37665
MYR 4.226039
MZN 63.910377
NAD 17.487186
NGN 1471.040377
NIO 36.907872
NOK 10.063025
NPR 141.243035
NZD 1.746725
OMR 0.383922
PAB 1.002827
PEN 3.395542
PGK 4.277589
PHP 58.121038
PKR 283.887176
PLN 3.64095
PYG 7117.581206
QAR 3.655299
RON 4.365204
RSD 100.686038
RUB 81.063023
RWF 1455.59983
SAR 3.750381
SBD 8.237372
SCR 13.89816
SDG 601.503676
SEK 9.43415
SGD 1.295304
SHP 0.750259
SLE 23.120371
SLL 20969.499529
SOS 573.163984
SRD 39.416038
STD 20697.981008
STN 21.019037
SVC 8.774947
SYP 13001.467384
SZL 17.481267
THB 32.720369
TJS 9.250968
TMT 3.5
TND 2.928099
TOP 2.342104
TRY 41.938175
TTD 6.801892
TWD 30.636904
TZS 2463.460367
UAH 41.853814
UGX 3505.17498
UYU 40.147379
UZS 12195.195182
VES 201.21765
VND 26342
VUV 122.527969
WST 2.807298
XAF 562.712693
XAG 0.019266
XAU 0.000235
XCD 2.70255
XCG 1.807318
XDR 0.699834
XOF 562.712693
XPF 102.307187
YER 238.903589
ZAR 17.36915
ZMK 9001.203584
ZMW 22.739029
ZWL 321.999592
  • RBGPF

    0.0000

    79.09

    0%

  • RIO

    -0.7300

    68.02

    -1.07%

  • GSK

    0.1400

    43.91

    +0.32%

  • NGG

    1.0500

    76.95

    +1.36%

  • CMSC

    0.3801

    24.1

    +1.58%

  • RYCEF

    -0.3900

    14.91

    -2.62%

  • RELX

    0.0100

    45.23

    +0.02%

  • VOD

    0.1900

    11.67

    +1.63%

  • BP

    0.3500

    33.13

    +1.06%

  • SCS

    -0.0100

    16.55

    -0.06%

  • CMSD

    0.2000

    24.29

    +0.82%

  • BTI

    0.4800

    51.62

    +0.93%

  • JRI

    -0.0100

    13.77

    -0.07%

  • AZN

    0.8600

    84.69

    +1.02%

  • BCE

    0.5700

    24.26

    +2.35%

  • BCC

    0.1900

    71.03

    +0.27%

In Argentine farm town, Milei mania fizzles
In Argentine farm town, Milei mania fizzles / Photo: © AFP

In Argentine farm town, Milei mania fizzles

For clues as to why Argentina's President Javier Milei faces a potential drubbing in next week's mid-terms, look no further than San Andres de Giles, a farming town set amid wheat fields two hours from Buenos Aires.

Text size:

The town known simply as Giles backed Milei for president in October 2023, when the 54-year-old economist and punk rocker swept to power as an outsider with a radical plan to fix Argentina's broken economy.

Milei won 58 percent of the vote in Giles, higher than his national average of 55.65 percent.

But the fervor he elicited there has since largely fizzled, an ominous sign for US President Donald Trump's closest South American ally, whose reform agenda hangs in the balance.

As she rearranges books in the town's brightly lit library, Jacqueline Garrahan says she feels betrayed by a president she believed would embody change.

Garrahan is a retired teacher but works at the library to supplement her pension of $600 a month in order to support her student daughter.

In 2023, she voted for Milei as the candidate most likely to oust the centre-left Peronist movement, which has dominated Argentine politics for most of the post-war period but been dogged by accusations of corruption.

"I thought he would put an end to corruption, and today I feel completely disappointed," she said, alluding to the Karina Milei scandal.

"A lot of people say the same thing: 'Now what do we do? Who do we vote for?"

- 'Aggressive' style -

The past few weeks have been bruising for Milei.

A year ago, he was being cheered by the global right for dramatically reducing inflation and erasing a 14-year budget deficit by force of severe austerity programs.

But in the past month, Milei has had to be bailed out twice by the Trump administration to try to halt a run on the national currency, the peso, triggered by his party's trouncing by the center-left in the Buenos Aires provincial polls last month.

A corruption scandal involving his sister and right-hand woman, Karina Milei, and revelations that one of his top candidates in the midterms received payments from a suspected drug trafficker have further taken the shine off Milei's presidency.

In September, voters in Giles punished him by backing the Peronist party in elections to the Buenos Aires provincial legislature.

For Garrahan, who still defines herself as anti-Peronist, Milei's cardinal sin was to refuse to adjust the budgets of the country's cherished public universities to reflect high inflation.

She and many other voters have also been turned off by his inflammatory rhetoric targeting journalists, whom he says "we don't hate enough," and "degenerate prosecutors," among others.

"He's violent, aggressive," she said.

- 'We can't plan ahead' -

Milei, whose party is in a minority in parliament, needs to pick up a big chunk of seats in both houses of parliament on October 26 to be able to pass legislation and reassure markets about the future of his reforms.

But "with a depressed economy, corruption scandals, and considerable uncertainty about how things will be managed from October onward, it's very likely that Milei will be much less seductive," Gabriel Vommaro, a sociologist at the National University of San Martin, told AFP.

The political uncertainty is weighing on grain producers in South America's breadbasket.

Aldana Guanzini, 37, a producer of soybeans, corn, and wheat in Giles, who exports 80 percent of her harvest, was delighted when Milei eliminated export taxes in September, in order to boost sales and bring in much-needed dollars.

The relief was short-lived, however: three days later, after the government had reached its dollar target, the taxes were reinstated.

For Guanzini, who like many farmers backed Milei in 2023, the flip-flopping has been excruciating.

"We are living complete uncertainty. We can't plan ahead," she complained.

I.Taylor--ThChM--ThChM