Anxiety and resignation in Argentina after Milei’s economic shock measures
1 year ago

Anxiety and resignation in Argentina after Milei’s economic shock measures

Associated Press  

BUENOS AIRES, Argentina — Julia González wonders how she will afford the three bus rides and train trip to her job in downtown Buenos Aires. These are some of the faces of anxiety that Argentines are dealing with after President Javier Milei’s administration announced economic shock measures aimed at tackling the country’s severe crisis, including a sharp devaluation of the peso by 50%, cuts to subsidies and the closure of some ministries. “These measures will come at the expense of substantial near-term pain, including a surge in inflation and steep contraction in GDP,” the economic consulting firm Capital Economics said in a report. The main union force in Argentina, the General Confederation of Labor, criticized the measures, saying they will mainly hurt regular people and not the political “caste” that Milei promised to purge. The confederation warned that it won’t stand by “with his arms crossed.” Jorge Martínez, a 64-year-old painter, is one of those confident that the new government might improve things.

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History of this topic

Argentina exits recession in win for libertarian president Milei
1 week ago

Argentina exits recession in win for libertarian president Milei

CNN  

London CNN — Argentina has come out of a deep recession in a major victory for the country’s unorthodox President Javier Milei, who has spent the past year enacting sweeping — and painful — reforms in Latin America’s third-largest economy. Argentina’s flagship Merval stock index, which tracks around two dozen of the country’s most valuable listed companies, closed more than …

Argentina's Milei touts U.S. trade deal, says 'happy times' ahead
1 week, 5 days ago

Argentina's Milei touts U.S. trade deal, says 'happy times' ahead

Raw Story  

Argentine President Javier Milei promised Tuesday that inflation will soon be "little more than a bad memory" and vowed to pursue a free trade deal with the United States next year. "Happy times are coming in Argentina," Milei said in a televised speech, in which he celebrated progress on monthly inflation which has dropped under his cost-slashing agenda, even as …

Argentina’s Milei marks one year in office. Here’s how his shock measures are reshaping the economy
1 week, 6 days ago

Argentina’s Milei marks one year in office. Here’s how his shock measures are reshaping the economy

Associated Press  

BUENOS AIRES, Argentina — When libertarian President Javier Milei assumed office one year ago, Argentine supermarkets were marking price increases on an almost daily basis. Share Share Copy Link copied Email Facebook X Reddit LinkedIn Pinterest Flipboard Print Inflation: a priority Inflation, Argentina’s perpetual scourge and Milei’s top priority upon coming to office, slowed from a monthly rate of 25.5% …

Argentina’s economy: What Milei’s chainsaw approach has delivered in a year
2 weeks ago

Argentina’s economy: What Milei’s chainsaw approach has delivered in a year

CNN  

London/Bogota/Buenos Aires CNN — Javier Milei swept to power in Argentina a year ago on a ticket to tackle chronic hyperinflation and overhaul the long-suffering economy. “One of the key underlying issues of Argentina’s woes the overvalued peso, which is eroding Argentina’s external competitiveness,” Kimberley Sperrfechter, emerging markets economist at consultancy Capital Economics, wrote in a recent note. Milei frequently …

A year into Javier Milei’s presidency, Argentina’s poverty hits a new high
2 weeks, 3 days ago

A year into Javier Milei’s presidency, Argentina’s poverty hits a new high

Al Jazeera  

Buenos Aires, Argentina – Marianela Abasto, 24, had never been to a soup kitchen before. “I don’t know what we are going to do.” Abasto is one of the increasing numbers of Argentinians who fell deeper into poverty during the first year of Javier Milei’s presidency. That spike has led experts and advocates to increasingly question Milei’s “chainsaw” approach to …

A year into Javier Milei’s presidency, Argentina’s poverty hits a new high
2 weeks, 3 days ago

A year into Javier Milei’s presidency, Argentina’s poverty hits a new high

Al Jazeera  

Buenos Aires, Argentina – Marianela Abasto, 24, had never been to a soup kitchen before. “I don’t know what we are going to do.” Abasto is one of the increasing numbers of Argentinians who fell deeper into poverty during the first year of Javier Milei’s presidency. That spike has led experts and advocates to increasingly question Milei’s “chainsaw” approach to …

How Argentina's chainsaw-wielding Milei proved Leftist economists wrong
3 weeks ago

How Argentina's chainsaw-wielding Milei proved Leftist economists wrong

India Today  

"However, while apparently simple solutions may be appealing, they are likely to cause more devastation in the real world in the short run, while severely reducing policy space in the long run," cautioned over 100 economists in a letter to Argentinians a year ago. The financially battered South American nation was on the verge of choosing its next president, with …

Javier Milei, free-market revolutionary
3 weeks, 2 days ago

Javier Milei, free-market revolutionary

Live Mint  

Sometimes familiarity breeds fondness. For Mr Milei the lesson is clear: “anything I can do to remove the interference of the state, I’m going to do." View Full Image Graphic: The Economist Mr Milei says he has tried to make sure that the cuts fall upon the state itself, more than its poorest citizens. Now Mr Milei trumpets that “Argentina …

Javier Milei, Argentina President who 'chainsawed' his Federal Bureaucracy, issues major advice to Elon Musk
1 month ago

Javier Milei, Argentina President who 'chainsawed' his Federal Bureaucracy, issues major advice to Elon Musk

Hindustan Times  

Javier Milei, the President of Argentina, became the first political figure to meet with Donald Trump after his resounding presidential election victory, snapping pictures, and mingling with US senators at Mar-a-Lago. Javier Milei's administration has so far lowered public university budgets by thirty percent During his brief US visit, the self-described “anarcho-capitalist” Milei held talks with podcaster Lex Fridman. The …

Argentina’s Milei pivots to pragmatism in first talks with China’s Xi after shaking up the G20
1 month ago

Argentina’s Milei pivots to pragmatism in first talks with China’s Xi after shaking up the G20

Associated Press  

LA PAZ, Boliva — Last year, then-presidential candidate Javier Milei declared Argentina would not “make deals with communists” in China or Brazil, calling their leaders “murderers” and “thieves” in a bid to channel the populist energies of Donald Trump and other global far-right icons into a winning political message. Milei even acquiesced to a joint declaration endorsed by world leaders …

Argentina investors bet on Milei’s popularity a year after his election
1 month ago

Argentina investors bet on Milei’s popularity a year after his election

Live Mint  

* Investors confident in Milei's economic reforms * Argentina's stocks and dollar bonds score significant returns * Potential U.S. support could aid Argentina's IMF negotiations By Rodrigo Campos NEW YORK, Nov 18 - Investors who have been rewarded for their bets on Argentine President Javier Milei are doubling down on the country's stocks and bonds even as they hit records, …

How chainsaw-wielding economist Javier 'El Loco' Milei went from TV pundit to Argentina's president
1 month, 3 weeks ago

How chainsaw-wielding economist Javier 'El Loco' Milei went from TV pundit to Argentina's president

ABC  

Presidents often have varied routes to power. It's one of many outlandish claims made by Argentinian president Javier Milei, whose eccentric public persona has earned him the nickname, El Loco, translated literally as "the crazy man". Rather, it's a shrewd political strategy that borrows tactics from US presidential candidate Donald Trump – even down to his campaign tagline: "Make Argentina …

Scientists fear underfunded Argentina research on verge of collapse
2 months, 3 weeks ago

Scientists fear underfunded Argentina research on verge of collapse

Hindustan Times  

Argentine biochemist Alejandro Nadra worries that President Javier Milei's budget cuts will undo his scientific quest to unravel the cause of genetic diseases that disable and kill millions. Scientists fear underfunded Argentina research on verge of collapse Since taking office last December, budget-slashing Milei has frozen public university and research budgets even as annual inflation stands at 236 percent. The …

Argentina’s President Milei presents 2025 budget, vowing austerity and setting up a showdown
3 months, 1 week ago

Argentina’s President Milei presents 2025 budget, vowing austerity and setting up a showdown

Associated Press  

BUENOS AIRES, Argentina — Libertarian President Javier Milei of Argentina presented the 2025 budget to Congress late Sunday, outlining policy priorities that reflected his key pledge to kill the country’s chronic fiscal deficit and signaled a new phase of confrontation with lawmakers. The president’s budget proposal followed a week of political clashes in the legislature — where Milei controls less …

Argentine Senate passes pension spending increase in a blow to President Milei’s radical austerity
4 months ago

Argentine Senate passes pension spending increase in a blow to President Milei’s radical austerity

Associated Press  

BUENOS AIRES, Argentina — Argentina’s Senate defied President Javier Milei on Thursday to push through an increase to pension spending that would cost at least 0.4% of the country’s gross domestic product, dealing a blow to his tough austerity program. But the pension law, which sets more than an 8% increase in retirement benefits this year, threatened to revive investors’ …

Under President Milei, the worst economic crisis in decades puts Argentine ingenuity to the test
4 months, 4 weeks ago

Under President Milei, the worst economic crisis in decades puts Argentine ingenuity to the test

Associated Press  

BUENOS AIRES, Argentina — In the crush of anti-government protests paralyzing downtown Buenos Aires in the last months, some Argentines saw a traffic-induced headache. “It’s the famous resilience of Argentines,” said Gustavo González, a sociologist at University of Buenos Aires. People eat a hot meal provided by the organization “Red Solidaria,” or Solidarity Network, at an open-air soup kitchen set …

Argentina’s inflation edges up in June, breaking a months-long streak in a blow to President Milei
5 months, 1 week ago

Argentina’s inflation edges up in June, breaking a months-long streak in a blow to President Milei

Associated Press  

BUENOS AIRES, Argentina — A closely watched measure of inflation in Argentina was stronger than the libertarian government of President Javier Milei would have hoped on Friday, as the official statistics agency reported prices edging up in June and breaking a months-long streak of declines. President Milei has touted the falling prices over recent months as a victory in his …

Milei’s Economic Overhaul Faces These Four Hurdles
5 months, 2 weeks ago

Milei’s Economic Overhaul Faces These Four Hurdles

Bloomberg  

Argentina’s president, Javier Milei, warned voters on the campaign trail last fall that the “shock therapy” he would use to stabilize the country’s serially ailing economy would be painful, and his prediction has come true. Consumer price inflation has accelerated since Milei took office on Dec. 10: Prices are up more than 100% through May — and 276% from a …

Argentina's Milei inks political pact to bolster economic plan
5 months, 2 weeks ago

Argentina's Milei inks political pact to bolster economic plan

Hindustan Times  

BUENOS AIRES, - Argentine President Javier Milei signed a long-delayed pact with provincial governors early on Tuesday, in a push to broaden support for economic reforms and strengthen his nearly seven-month-old minority government. Argentina's Milei inks political pact to bolster economic plan The deal, signed soon after midnight with 18 governors, looks to allay market doubts about Milei's ability to …

Argentina yields surplus with Milei's bold revamp
5 months, 3 weeks ago

Argentina yields surplus with Milei's bold revamp

China Daily  

By JIMENA ESTEBAN in Buenos Aires, Argentina | China Daily Global | Updated: 2024-07-02 09:40 File photo of Argentine President Javier Milei. Argentina's Foreign Minister Diana Mondino visited China in May as part of the first official visit from Milei's government. She told China's Foreign Minister Wang Yi, "No matter how Argentina's internal political situation changes, its friendly policy toward …

President Milei’s radical state overhaul officially becomes law after months of debate and protests
5 months, 3 weeks ago

President Milei’s radical state overhaul officially becomes law after months of debate and protests

Associated Press  

BUENOS AIRES, Argentina — Argentina’s lower house on Friday approved President Javier Milei’s sweeping economic overhaul bills, sealing a much-needed legislative victory for the libertarian leader after six months of bruising battles and raucous protests that had raised questions about his ability to govern. Milei’s landmark legislation, which seeks to support his “zero fiscal deficit” plan and attract foreign investment, …

Argentina’s Milei meets German officials in controversial lap around Europe
6 months ago

Argentina’s Milei meets German officials in controversial lap around Europe

Associated Press  

MEXICO CITY — Argentina’s self-described anarcho-capitalist President Javier Milei met with German officials on Sunday in Berlin, part of his ongoing lap of Europe which has been greeted with both celebration and outrage. In a meeting with German Chancellor Olaf Scholz on Sunday, the two leaders discussed Argentina’s radical economic shifts and “the importance of having critical minerals” — likely …

Argentine President Milei is back in Madrid but he won’t be seeing Spanish leaders after their spat
6 months ago

Argentine President Milei is back in Madrid but he won’t be seeing Spanish leaders after their spat

Associated Press  

MADRID — Argentine President Javier Milei returned to Spain on Friday, just weeks after his previous visit to Madrid worsened a diplomatic crisis engulfing the long-standing allies. Instead, the self-described anarcho-capitalist was to meet with Madrid’s powerful rightwing regional president, Isabel Díaz Ayuso, who is an outspoken opponent of Spain’s socialist Prime Minister Pedro Sánchez. Spanish Foreign Minister José Manuel …

Argentina’s president promises to quash corruption then shocks with his Supreme Court pick
6 months ago

Argentina’s president promises to quash corruption then shocks with his Supreme Court pick

Associated Press  

BUENOS AIRES, Argentina — Campaigning last year as a libertarian outsider, Javier Milei electrified rallies with his vows to destroy Argentina’s corrupt political elite. But Lijo has allies across the political spectrum, and Milei predicts an easy confirmation, even though the president’s political isolation has frustrated his efforts to get a single bill passed in six months. “If Milei can …

‘Lives at play’: Argentina’s Senate passes Milei reforms as protests rage
6 months, 1 week ago

‘Lives at play’: Argentina’s Senate passes Milei reforms as protests rage

Al Jazeera  

Senators embark on all-night session to approve the controversial economic plan as protesters clash with police outside. Argentina’s upper house has narrowly passed a controversial bill key to libertarian President Javier Milei’s economic reform plans as thousands of protesters clashed with police in the streets. “A violent Argentina that sets a car on fire, throws rocks and debates the exercise …

In initial win for Argentine President Milei, senators approve his key bills after violent protests
6 months, 1 week ago

In initial win for Argentine President Milei, senators approve his key bills after violent protests

Associated Press  

BUENOS AIRES, Argentina — Argentina’s Senate narrowly approved key state overhaul and tax bills proposed by President Javier Miliei, delivering an initial legislative victory to the libertarian leader in his efforts to enact his promises of radical change. “That’s the contradiction.” Anti-government protesters are sprayed by a police water cannon outside Congress as lawmakers debate a reform bill promoted by …

Javier Milei, the hard rocker in Argentina’s highest office, turns his book talk into wild show
7 months ago

Javier Milei, the hard rocker in Argentina’s highest office, turns his book talk into wild show

Associated Press  

BUENOS AIRES, Argentina — A book presentation about neoclassical economic theory may not sound like a crowd-pleaser. “First, check there is no state intervention.” Milei had initially planned to promote his book at the Buenos Aires International Book Fair, the country’s largest literary event that kicked off earlier this month. His love for rock music dates back to high school, …

Spain withdraws its ambassador to Argentina over President Milei’s insults, escalating crisis
7 months ago

Spain withdraws its ambassador to Argentina over President Milei’s insults, escalating crisis

Associated Press  

BUENOS AIRES, Argentina — A diplomatic crisis between historic allies Spain and Argentina expanded Tuesday as Spain announced the official withdrawal of its ambassador from Buenos Aires and Argentine President Javier Milei lambasted the move as “nonsense typical of an arrogant socialist.” Spain said its ambassador to Argentina would remain indefinitely in Madrid, where she had been recalled for consultations …

Spain withdraws its ambassador to Argentina over comments made by President Milei
7 months ago

Spain withdraws its ambassador to Argentina over comments made by President Milei

LA Times  

Argentina’s President Javier Milei gestures as he delivers a speech on stage during the Spanish far-right wing party Vox’s rally “Europa Viva 24” in Madrid on Sunday. A diplomatic crisis between historic allies Spain and Argentina expanded Tuesday as Spain announced the official withdrawal of its ambassador from Buenos Aires and Argentine President Javier Milei lambasted the move as “nonsense …

In progressive Argentina, the LGBTQ+ community says President Milei has turned back the clock
7 months, 1 week ago

In progressive Argentina, the LGBTQ+ community says President Milei has turned back the clock

LA Times  

Police stand guard outside the National Institute Against Discrimination, Xenophobia and Racism in Buenos Aires to prevent workers from entering after the government closed it and laid them off in April. Yet just months after Salva got her first paycheck, right-wing President Javier Milei entered office and began slashing public spending as part of his state overhaul to solve Argentina’s …

This fiery economist became Argentina’s president railing against politicians. Now he’s wooing them
7 months, 3 weeks ago

This fiery economist became Argentina’s president railing against politicians. Now he’s wooing them

Associated Press  

BUENOS AIRES, Argentina — When interviewed about his plans after a shock electoral victory last fall, Argentina’s President-elect Javier Milei gave his go-to answer in a blink: “To exterminate inflation.” “After that.” he trailed off, as though searching for anything else that could possibly matter. “He’s now using carrots and sticks to get what he wants.” Indeed he got what …

President Milei of cash-strapped Argentina starts another US tour, plans to meet Elon Musk
8 months, 1 week ago

President Milei of cash-strapped Argentina starts another US tour, plans to meet Elon Musk

Associated Press  

BUENOS AIRES, Argentina — President Javier Milei of Argentina kicked off a visit Wednesday to the United States, where he’ll meet with tech billionaire Elon Musk, as his government seeks an infusion of cash to overhaul Argentina’s embattled economy. In an event closed to the press, a Miami chapter of the Hasidic group Chabad-Lubavitch honored the president and Karina Milei, …

Argentina’s Milei takes his chainsaw to the state, cutting 15,000 jobs and spurring protests
8 months, 2 weeks ago

Argentina’s Milei takes his chainsaw to the state, cutting 15,000 jobs and spurring protests

Associated Press  

BUENOS AIRES, Argentina — Argentina said Wednesday that it had cut 15,000 state jobs as part of President Javier Milei’s aggressive campaign to slash spending, the latest in a series of painful economic measures that have put the libertarian government on a collision course with angry protesters and powerful trade unions. “It’s part of the work we are doing to …

Argentina and Colombia avert a diplomatic crisis, downplaying their presidents’ war of words
8 months, 3 weeks ago

Argentina and Colombia avert a diplomatic crisis, downplaying their presidents’ war of words

Associated Press  

BUENOS AIRES — Argentina and Colombia have agreed to end a diplomatic spat that escalated over right-wing Argentine President Javier Milei’s visceral attack on his leftist counterpart in Colombia last week, prompting the country to order the expulsion of Argentine diplomats. In a joint statement late Sunday, the foreign ministries of the two Latin American nations said they “have taken …

Argentina and Colombia avert diplomatic crisis, downplaying their presidents’ war of words
8 months, 3 weeks ago

Argentina and Colombia avert diplomatic crisis, downplaying their presidents’ war of words

LA Times  

Argentina and Colombia have agreed to end a diplomatic spat that escalated over right-wing Argentine President Javier Milei’s visceral attack on his leftist counterpart in Colombia last week, prompting the country to order the expulsion of Argentine diplomats. In a joint statement late Sunday, the foreign ministries of the two Latin American nations said they “have taken concrete steps to …

Colombia expels Argentine diplomats after Milei calls Petro ‘terrorist murderer’ in CNN interview
8 months, 3 weeks ago

Colombia expels Argentine diplomats after Milei calls Petro ‘terrorist murderer’ in CNN interview

CNN  

CNN — The Colombian government has ordered the expulsion of all Argentine diplomats from the country’s embassy in Bogotá following a CNN interview in which the Argentine president called his Colombian counterpart a “terrorist murderer.” “The Argentine president’s expressions have deteriorated the trust of our nation and offended the dignity of President Petro, who was elected democratically,” the Colombian Foreign …

Vantage | Is Argentinian president's shock therapy helping the economy?
9 months ago

Vantage | Is Argentinian president's shock therapy helping the economy?

Firstpost  

For better or for worse, the fate of a nation lay in the hands of a president determined to reshape its destiny In the vibrant streets of Argentina, change was promised. Javier Milei rang in hope Javier Milei, a man of radical ideas and boundless ambition, took office with a singular promise - to shock the economy back to life. …

Milei’s first 100 days: Argentines struggle to make ends meet as support for president remains high
9 months ago

Milei’s first 100 days: Argentines struggle to make ends meet as support for president remains high

Associated Press  

BUENOS AIRES, Argentina — Sergio Gómez, a store owner in Buenos Aires, spends his days behind an empty counter, one nearly as empty as the large refrigerators in which he used to freeze meat. We don’t have the resources.” Gómez and his wife are among a large group of Argentines who say their economic situation is worse now than a …

Argentines struggle to survive as support for new president's 'shock therapy' remains high
9 months ago

Argentines struggle to survive as support for new president's 'shock therapy' remains high

ABC  

Sergio Gómez, a shop owner in Buenos Aires, spends his days behind an empty counter, one nearly as empty as the large refrigerators in which he used to freeze meat. Mr Gómez and his wife are among a large group of Argentines who say their economic situation is worse now than a year ago as a consequence of a series …

First 100 days: Milei falters on shock therapy for Argentina’s economy
9 months ago

First 100 days: Milei falters on shock therapy for Argentina’s economy

Al Jazeera  

Milei is struggling to overcome hostile lawmakers to enact his radical austerity agenda even as social tensions rise. “Labour reform is a big issue for Milei.” Then, on March 14, Argentina’s Senate voted to reject the emergency decree in a further blow to the president. Having policies held up by lawmakers doesn’t look good.” Reform bill Days after he announced …

Argentina’s Milei vows to push economic reforms with or without parliament
9 months, 3 weeks ago

Argentina’s Milei vows to push economic reforms with or without parliament

Al Jazeera  

Argentina’s libertarian leader says he will ‘keep pushing forward’ with radical economic agenda. Argentina’s libertarian President Javier Milei has promised to keep pushing his agenda of radical economic liberalisation with or without the support of parliament. In a state-of-the-union-style address to lawmakers on Friday, Milei said he would “keep pushing forward” with a package of sweeping economic reforms aimed at …

Argentina’s president condemns threat by provincial governor to cut energy supplies in dispute
9 months, 3 weeks ago

Argentina’s president condemns threat by provincial governor to cut energy supplies in dispute

Associated Press  

BUENOS AIRES, Argentina — The government of Argentina’s libertarian President Javier Milei on Monday condemned a threat by the governor of the oil-rich province of Chubut to cut off energy supplies to the rest of the country amid a dispute over funding reductions. " Ignacio Torres — who belongs to Argentina’s main conservative bloc that has backed Milei — said …

Argentina lawmakers approve Milei's 'omnibus' reform bill; protests continue on streets
10 months, 2 weeks ago

Argentina lawmakers approve Milei's 'omnibus' reform bill; protests continue on streets

The Hindu  

Argentina's lower chamber of deputies gave overall approval to libertarian President Javier Milei's sweeping "omnibus" reform bill in a vote on Friday after days of debate, paving the way for a decisive vote in the Senate. Over the past few days, flag-waving protesters opposed to Mr. Milei's reforms have clashed repeatedly with riot police deployed outside the green-domed neoclassical congressional …

Argentina lawmakers approve Javier Milei's controversial reform bill despite lingering challenges
10 months, 3 weeks ago

Argentina lawmakers approve Javier Milei's controversial reform bill despite lingering challenges

India TV News  

Buenos Aires: The lower Chamber of Deputies of Argentina's National Congress on Friday approved libertarian President Javier Milei's controversial "omnibus" reform bill in a vote after several days of debate, paving the way for a decisive vote in the Argentinian Senate despite significant challenges remaining. The mammoth bill is a key plank of Milei's reform plans for Argentina's battered economy, …

Argentina lawmakers have approved Milei’s sweeping reform bill but much negotiating remains
10 months, 3 weeks ago

Argentina lawmakers have approved Milei’s sweeping reform bill but much negotiating remains

Associated Press  

BUENOS AIRES, Argentina — Argentina’s Chamber of Deputies on Friday approved in general terms a reform bill proposed by libertarian President Javier Milei to deregulate the economy, overcoming a hurdle for the sweeping initiative after three days of heated debate. On Friday, lower house lawmakers approved Milei’s initiative with 144 votes in favor and 109 against. Milei thanked opposition leaders …

‘Traitor’: Thousands strike against Argentina’s President Javier Milei
11 months ago

‘Traitor’: Thousands strike against Argentina’s President Javier Milei

Al Jazeera  

Organised by Argentina’s largest labour union, the walk-out brought cities to a halt, in protest of far-right reforms. But leaders from Argentina’s largest labour union say the nationwide protests reflect the urgency they feel as Milei pursues radical economic and political reforms he likens to “shock therapy”. Another protester, 63-year-old retiree Alicia Pereyra, voiced opposition to Milei’s efforts to deregulate …

Elon Musk endorses Argentina President Milei's fiery WEF speech, calls it a 'good explanation of what...'
11 months ago

Elon Musk endorses Argentina President Milei's fiery WEF speech, calls it a 'good explanation of what...'

Hindustan Times  

Tesla CEO Elon Musk on Thursday heaped praises on the self-proclaimed 'anarcho-capitalist' Argentinian President, Javier Milei, for backing free markets and lambasting socialism as a “threat to the West” at Davos during his first overseas tour. Argentina's President Javier Milei arrives to deliver a speech at the World Economic Forum meeting in Davos on January 17, 2024. Taking to his …

‘Not Appropriate Timing’: Argentina’s New Elected Prez Milei Rejects BRICS Membership
11 months, 3 weeks ago

‘Not Appropriate Timing’: Argentina’s New Elected Prez Milei Rejects BRICS Membership

News 18  

Argentine President Javier Milei has sent letters to BRICS leaders to formalize his decision to reject an invitation to join the grouping of major emerging economies, the presidency said Friday. The letters signed by Milei and published by several media houses said Argentina’s membership was “not considered appropriate at this time.” The libertarian outsider Milei took office this month after …

Argentina announces that it will not join BRICS bloc
11 months, 3 weeks ago

Argentina announces that it will not join BRICS bloc

Al Jazeera  

The move is the latest shift in economic and foreign policy by newly elected hard-right President Javier Milei. Argentina has announced that it will not join the BRICS bloc of developing economies, fulfilling a campaign promise by newly elected far-right President Javier Milei who has pledged to pursue closer ties with the West. In this sense, some decisions made by …

Vantage | Argentina's Javier Milei makes bold moves to fix country's economy
11 months, 3 weeks ago

Vantage | Argentina's Javier Milei makes bold moves to fix country's economy

Firstpost  

Argentina’s bold move to trim down its government workforce under President Milei reflects a global trend of governments resorting to layoffs during economic crises In the heart of South America, Argentina finds itself in the grips of a severe economic crisis. The country currently employs around 3.5 million people in the public sector, constituting 7.7 per cent of the population. …

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