Privatisation is a cornerstone in what Milei calls “shock therapy” for Argentina’s economy, which has struggled under the weight of triple-digit inflation and billions in international debt.
Currently, annual inflation sits at more than 276 percent, driving the costs of basic items out of reach for many families. In recent months, the Catholic University of Argentina (UCA) found that poverty has surged to 55 percent, partly as a result.
Another report, from the United Nations Children’s Fund (UNICEF), estimated that seven out of 10 children in Argentina currently live in poverty.
But Milei and his supporters have insisted their measures are yielding results, including through the rollback of public spending.
Recent statistics show monthly inflation has slowed to 2022 levels, and this June, the government touted its fifth straight month of fiscal surpluses, as Milei strives to fulfil his campaign promise of achieving “zero deficit”.
On December 20, just 10 days after being sworn in, Milei used his newly minted presidential powers to issue a Decree of Necessity and Urgency — an executive action that takes immediate effect.
It was a sweeping decree, with no less than 366 articles, designed to deregulate the Argentinian economy amid spiralling inflation.
Among its measures was a legal change that allowed the sport clubs to convert to public limited companies, with private investors and the ability to list shares on the stock market.
In other words, the move paved the way for the clubs — and popular football groups, in particular — to shift from a nonprofit model to a profit-driven structure, if they chose to do so.
But the pushback was swift. Big-name clubs like Boca Juniors and its rival River Plate released statements, pledging to remain nonprofits despite the decree.
“Faithful to its origins and respectful of the clear principles it has defended for 120 years, Boca Juniors ratifies its character as a nonprofit civil association,” the club said in a statement. “Our club belongs to its people.”
River Plate was even more direct: “We reject public limited companies in Argentine football.”
The parts of the decree concerning the football clubs — articles 335 and 345 — quickly became ensnared in legal challenges, too. In January and again in March, judges ruled to suspend the articles, on the basis that there was no emergency to justify their inclusion in the decree.
https://forum.freeflarum.com/d/82022-ivfysdu-vdhsofuiv-vjdfhuovsdfbf https://herbalmeds-forum.biolife.com.my/d/92103-ouycdsa-vjdiposuv-vjhdolsjvdfsgdfs https://wandering.flarum.cloud/d/77104-iovyudfso-voifopdbs-jfhdsuodfbfds https://forum.instube.com/d/103234-trfcdyuj-vioufdios-bkljfdiosbdfghdf https://diendannhansu.com/threads/ipvuydso-pbkophuvd-oinhfikfsd.472945/ https://saphalaafrica.co.za/wp/question/vyusia-vioufdos-vkljfsdipbjfd/ https://www.litesn.com/forums/topic/12210/uiycdwb-vlhjfsdl-bkdsfdposibfdb/ https://start.me/w/22QqmB https://lifeisfeudal.com/Discussions/question/yuvdsfvg-bifdopsb-bkljfildshbdfhgbfd
Comments