Javier Milei

Milei’s Unyielding Stance: A Deep Dive

Much like the formidable “Iron Lady,” the late British prime minister Margaret Thatcher, whom he greatly respects, Milei makes it clear that he stands firm in his convictions. Javier Milei posits that permitting public expenditure to exceed the breakeven threshold, even marginally, would precipitate the collapse of the structure he is constructing, thereby jeopardizing Argentina’s final opportunity to achieve prosperity. In his recent nationwide broadcast, he articulated his readiness to challenge politicians, religious leaders, and those with progressive views who assert … Read more

Javier Milei

Milei’s corruption allegation adds to his difficulties

Amidst a tumultuous week marked by political, economic, and financial challenges in Argentina, President Javier Milei is now confronted with a new corruption scandal involving a senior government official. Milei dismissed Diego Spagnuolo, the director of Argentina’s ANDIS disability agency, on Wednesday following the release of leaked audio messages by local media. These messages reportedly … Read more

Bonds and stocks in Argentina fall, interest rates rise

Argentina’s dollar-denominated bonds and corporate equities listed on Wall Street experienced a significant decline on Wednesday, following the Lower House’s decision to override President Javier Milei’s veto concerning a law aimed at augmenting funding for individuals with disabilities. On the same day, rates for the securities-guaranteed loans surged dramatically amid market uncertainty regarding the administration’s … Read more

Brazil’s police say Bolsonaro in 2024 wrote Milei an asylum request

In February 2024, Brazilian police have alleged that Jair Bolsonaro submitted a request for political asylum to Argentina’s president Javier Milei, a development that may exacerbate the former leader’s legal challenges. A 33-page document discovered on Bolsonaro’s mobile phone was dated merely days following the initiation of a coup-plotting investigation by the Federal Police during … Read more

Milei fights big banks over Argentina’s liquidity

Newly imposed liquidity measures aimed at containing a nascent peso sell-off have stoked tensions between President Javier Milei and the country’s banks, a sector that was largely aligned with his policy goals but now sees its profitability under threat. Bankers argue that the new provisions, which require institutions to hit reserve requirements on a daily … Read more

Congress narrowly upholds Milei’s pension increase veto

President Javier Milei faced a significant challenge in Congress, narrowly escaping a major defeat as lawmakers worked to gather sufficient votes to partially overturn his veto of a pension spending bill. On Wednesday night, the lower house of Congress cast a vote of 160-83 to reject the veto, falling just short of the two-thirds threshold … Read more

Argentina Economy

Economy has shed 220k formal jobs since Milei took over

President Javier Milei’s administration has experienced a detrimental shift in the formal employment sector: from November 2023, the month preceding his inauguration, to May 2025, the economy has seen a decline of over 220,000 jobs and the closure of more than 15,000 businesses. A recent report by the Centro de Economía Política Argentina (CEPA) presents … Read more

Argentine economy declines in June before midterms

In June, Argentina’s economy experienced a contraction for the fourth consecutive month this year, occurring just prior to a significant increase in interest rates in July. This development represents a minor setback for President Javier Milei as the nation approaches midterm elections in October. Economic activity declined by 0.7 percent from May, falling short of … Read more

Argentina Peso

June economic activity in Argentina fell 0.7%

In June, economic activity experienced a contraction of 0.7 percent compared to the preceding month, marking a second consecutive decline, according to the INDEC national statistics bureau. Financial services, wholesale, retail, and repairs drove 6.4% year-over-year economic growth despite a second monthly fall. In contrast, the statistics agency reported a year-on-year surge in activity of … Read more

Glencore seeks $13-Billion Argentina copper mining incentives

Glencore Plc has submitted applications to incorporate two copper projects, with a total capital expenditure projected to exceed US$13 billion, into Argentina’s investment incentive programme. The commodities firm based in Switzerland is pursuing the tax, customs, and currency exchange advantages provided by the government program for El Pachón in San Juan Province and Agua Rica … Read more