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 …
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 …
State employees enter their workplace after they were temporarily prevented from doing so due to an anti-government protest in Buenos Aires on April 3, 2024. 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 …
Fury and fatigue after decades of economic crises have provided fertile ground for outsider Javier Milei, a libertarian who has surged to the front of the race with his vow to take a chainsaw to the bloated state and dollarize the economy Argentines will vote for a new president on Sunday, gripped by anxiety and with one thing in mind: …
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