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 year earlier — after he scrapped price controls, devalued the currency and started to cut some subsidies that held down prices for transportation and utility bills. Wall Street investors have cheered on Milei and pulled Argentina bond prices out of the gutter, though those prices have plateaued more recently. Milei says his kitchen-sink approach to fixing the economy is necessary to correct the destructive policies of his predecessors, whom he faults for a poverty rate that’s approaching 42%, just below the peak reached during the Covid-19 pandemic and up from 26% in 2017.

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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 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, …

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 …

Argentina’s Milei to veto pension reform to push through austerity measures
4 months ago

Argentina’s Milei to veto pension reform to push through austerity measures

Al Jazeera  

The Senate defied the president by approving a pension increase to match the country’s triple-digit inflation rate. Argentina’s President Javier Milei is set to veto a pension reform passed by the Senate in a move that is likely to widen the rift between the libertarian leader and the opposition-controlled Congress. “ only objective was to destroy the government’s economic programme,” …

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’ …

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 …

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, …

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, …

Argentina reports its first single-digit inflation in 6 months as markets swoon and costs hit home
7 months, 1 week ago

Argentina reports its first single-digit inflation in 6 months as markets swoon and costs hit home

Associated Press  

BUENOS AIRES, Argentina — Argentina’s monthly inflation rate eased sharply to a single-digit rate in April for the first time in half a year, data released Tuesday showed, a closely watched indicator that bolsters President Javier Milei’s severe austerity program aimed at fixing the country’s troubled economy. Prices rose at a rate of 8.8% last month, the Argentine government statistics …

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 …

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 …

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 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 …

Defying protests, Argentina’s Milei unveils decree to deregulate economy
1 year ago

Defying protests, Argentina’s Milei unveils decree to deregulate economy

Al Jazeera  

President plans to eliminate or change 300 regulations as part of economic ‘shock’ therapy. Argentina’s right-wing president has announced sweeping measures to deregulate the economy, in what critics fear could threaten jobs and affordable housing for millions of Argentinians. Javier Milei, who took office on December 10, said he was wiping out or amending some 300 regulations by emergency decree, …

Argentina’s president announces economy deregulation as thousands protest against austerity
1 year ago

Argentina’s president announces economy deregulation as thousands protest against austerity

Associated Press  

BUENOS AIRES, Argentina — President Javier Milei announced sweeping initiatives Wednesday to transform Argentina’s struggling economy, including easing government regulation and allowing privatization of state-run industries as a way to boost exports and investment. Argentina’s government cut transportation and energy subsidies and devaluated the peso by 50% as part of shock measures new President Javier Milei says are needed to …

Why Argentina’s shock measures may be the best hope for its ailing economy
1 year ago

Why Argentina’s shock measures may be the best hope for its ailing economy

Associated Press  

WASHINGTON — The painful economic steps that Argentina’s new president, Javier Milei, announced this week sound draconian: Slashing the currency’s value in half. “A recession next year is unavoidable,’’ said Martin Castellano, head of Latin American research at the Institute of International Finance, a banking trade group that is forecasting that Argentina’s economy will shrink 1.3% in 2024. As a …

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 …

Argentina Sharply Devalues its Peso Currency to Tame Inflation
1 year ago

Argentina Sharply Devalues its Peso Currency to Tame Inflation

Live Mint  

Argentina will devalue its peso currency and slash public spending to reduce the fiscal deficit in a bid to revive the economy and tame triple-digit inflation, the top economic official in President Javier Milei’s new government said Tuesday. Economy Minister Luis Caputo, unveiling the first economic measures since Milei’s inauguration as president Sunday, said the peso’s official exchange rate will …

Argentina sharply devalues its currency and cuts subsidies as part of shock economic measures
1 year ago

Argentina sharply devalues its currency and cuts subsidies as part of shock economic measures

The Hindu  

Argentina on Tuesday announced a sharp devaluation of its currency and cuts to energy and transportation subsidies as part of shock measures new President Javier Milei says are needed to deal with an economic “emergency.” Economy Minister Luis Caputo said in a televised message the Argentine peso will be devalued by 50% to 800 to the U.S. dollar from 400 …

Argentina’s Milei starts shock therapy by devaluing peso by 50 percent
1 year ago

Argentina’s Milei starts shock therapy by devaluing peso by 50 percent

Al Jazeera  

New president Milei warns of painful measures as currency value slashed, subsidies cut, public works tenders cancelled. Argentina’s government has announced it will slash the value of its currency, the peso, by more than 50 percent against the US dollar as its new far-right president seeks radical solutions to fix the country’s worst economic crisis in decades. President Javier Milei‘s …

Argentina sharply devalues its currency and cuts subsidies as part of shock economic measures
1 year ago

Argentina sharply devalues its currency and cuts subsidies as part of shock economic measures

Associated Press  

BUENOS AIRES, Argentina — Argentina on Tuesday announced a sharp devaluation of its currency and cuts to energy and transportation subsidies as part of shock measures new President Javier Milei says are needed to deal with an economic emergency. “For a few months, we’re going to be worse than before,” Caputo said, two days after the libertarian Milei was sworn …

'Argentinian Trump' Milei Tells Citizens to Prepare for ‘Painful Austerity’ as He Takes Office
1 year ago

'Argentinian Trump' Milei Tells Citizens to Prepare for ‘Painful Austerity’ as He Takes Office

News 18  

Argentina’s President Javier Milei took office Sunday with a stark warning to citizens to brace themselves for painful austerity measures as he seeks to cut spending and curb triple-digit inflation, all with empty coffers. But then we will see the fruits of our efforts.” Milei — a self-described “anarcho-capitalist” — warned of spending cuts equivalent to five percent of gross …

Argentina’s Javier Milei tells nation to brace for painful economic shock
1 year ago

Argentina’s Javier Milei tells nation to brace for painful economic shock

Al Jazeera  

Argentina’s new President Javier Milei has warned his country’s people to prepare for painful austerity measures as he seeks to turn around decades of economic stagnation and decline. Taking office on Sunday after his upset election last month, Milei used his inaugural address to prepare Argentinians for the short-term hardship he insists is necessary to fix the biggest crisis in …

Javier Milei sworn in as Argentina's president
1 year ago

Javier Milei sworn in as Argentina's president

Hindustan Times  

Libertarian economist Javier Milei was sworn in Sunday as Argentina's president, after a resounding election victory fueled by fury over the country's economic crisis. Argentina's new president Javier Milei delivers a speech after swearing in during his inauguration ceremony. Javier Milei warned there was no alternative to a fiscal "shock" in his maiden speech after being sworn into office on …

PROFILE | Javier Milei: Can Argentina’s rabble-rouser turn realist?
1 year ago

PROFILE | Javier Milei: Can Argentina’s rabble-rouser turn realist?

The Hindu  

As he takes office on December 10, the 53-year-old economist-turned-politician has significantly toned down his rhetoric. Milei has “shown moderation and pragmatism” as he was confronted with “the challenges of governing”, political scientist Rosendo Fraga of the New Majority Study Center think tank told AFP. ‘Destroy’ inflation Candidate Milei had vowed to “destroy” inflation, which at more than 140 per …

Will Javier Milei dare dollarize Argentina?
1 year, 1 month ago

Will Javier Milei dare dollarize Argentina?

Live Mint  

An economic disruptor has won Argentina’s presidency. He wants to reduce ministries from 18 to eight, crunch public spending from about 38% to 23% of GDP, privatize state enterprises, and get rid of many levies and regulatory controls. His most daring proposals, however, are to abolish Argentina’s central bank, villainized for printing pesos at the behest of politicians, and dollarize …

DC Edit | Argentina's Sharp Right Turn
1 year, 1 month ago

DC Edit | Argentina's Sharp Right Turn

Deccan Chronicle  

Argentina elected an extremely vocal and staunch advocate of a libertarian-type free market advocate, Javier Milei as its new president, after which the country witnessed unprecedented celebrations akin to a country gaining independence. Mr Milei, who strongly believes in a very limited government, low taxation and little to no government intervention in business, allowing the market to decide most factors …

'Propaganda machine': Argentina's newly elected President Javier Milei vows to privatise BBC in country
1 year, 1 month ago

'Propaganda machine': Argentina's newly elected President Javier Milei vows to privatise BBC in country

Firstpost  

Javier Milei’s victory came against the backdrop of Argentina recording an annual inflation of 140 percent and poverty over 40 percent, the latest in a long line of recurrent crises in one of the world’s most unstable economies Argentina’s newly elected President Javier Milei has announced that he will privatise his country’s version of BBC to stop public television from …

For Argentina, Dollarization May Work Better on YouTube Than in Reality
1 year, 1 month ago

For Argentina, Dollarization May Work Better on YouTube Than in Reality

Live Mint  

Argentina’s anarcho-capitalist president-elect is right that the country desperately needs dollars. Argentina’s Congress may end up watering down Milei’s policies to look more like those of pro-market leader Mauricio Macri between 2015 and 2019. Macri’s support after the first round of the elections was key to getting Milei elected, and the former president will presumably push to have his people …

Right-wing populist Milei set to take Argentina down uncharted path: ‘No room for lukewarm measures’
1 year, 1 month ago

Right-wing populist Milei set to take Argentina down uncharted path: ‘No room for lukewarm measures’

Associated Press  

BUENOS AIRES, Argentina — What many deemed impossible just months ago is reality: Right-wing populist Javier Milei resoundingly won Argentina’s presidency. He said in a radio interview that would quickly move forward with plans to privatize state-run media outlets he received negative coverage from during his campaign and which he deemed “a covert ministry of propaganda.” The president-elect also said …

Argentina elects outsider Javier Milei on platform of radical reform
1 year, 1 month ago

Argentina elects outsider Javier Milei on platform of radical reform

Al Jazeera  

Milei, a self-described ‘anarcho-capitalist’, has promised to slash public spending by 15 percent and abolish the central bank. Argentina has elected libertarian outsider Javier Milei as its next president, taking a chance on the eccentric economist’s programme of radical economic reform after decades of stagnation. Milei, a self-described “anarcho-capitalist”, has promised a series of radical reforms, including slashing public spending …

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