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State of the World from NPR
Argentina's Leader Celebrates Trump's Election; a Possible New Country in Europe
Nov 14, 2024
Argentina's President Javier Milei is reveling in the economic impact of his radical policies and the re-election of Donald Trump. As he plans a visit to Florida to celebrate, citizens express mixed feelings about his leadership amid soaring inflation. Meanwhile, a surprising announcement from Albania's prime minister hints at the creation of a new religious state, sparking intrigue without the backdrop of conflict or debate. This concept of a new nation in Europe suggests deeper political currents at play.
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Quick takeaways
- Javier Milei's radical economic policies have garnered mixed reactions from Argentinians, with early signs of inflation stabilization contrasted by rising poverty concerns.
- Edi Rama's proposal for a new religious state in Albania highlights potential risks to the country's ethnic balance and raises skepticism among citizens and historians.
Deep dives
Argentina's Economic Landscape Under Javier Milei
Javier Milei, Argentina's ultra-libertarian president, is experiencing both support and criticism as he implements radical economic policies. Despite having the highest inflation rates worldwide, recent data shows a drop in October's inflation to 2.7%, indicating early signs of economic stabilization due to his aggressive cost-cutting measures. His relationship with Donald Trump is also pivotal, as Milei celebrates Trump's re-election, believing it aligns with his far-right agenda. However, as his administration progresses, many citizens express concerns over the immediate effects of deep cuts to social programs, with more than half of the population now living in poverty.
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