On Sunday, Argentina’s Congress erupted into a heated exchange as President Javier Milei inaugurated this year’s legislative sessions. In a setting reminiscent of a sporting event rather than a dignified speech, Argentina’s forthright leader criticized opposition hecklers, labeling them as “criminals” responsible for the country’s turmoil. Milei, greeted with enthusiastic applause from supporters and members … Read more
President Javier Milei’s signature labour reform has successfully passed its final obstacle in the Senate, marking a crucial triumph in the libertarian’s bold agenda that may assist the South American nation in re-entering global markets. The upper chamber passed the significant legislation with a 42-28 vote late Friday, following a prolonged campaign against deeply rooted … Read more
The final passage of President Javier Milei’s Labour Modernisation bill is on the horizon. In the midst of legislative discussions across both chambers of Congress, the government has put forth arguments advocating for the necessity to diminish labour litigation and put an end to what is referred to as the labour “trial industry.” However, several … Read more
As the Javier Milei administration starts to leverage its newly acquired legislative power, Argentina is further entrenching the divisions of the latest phase of ‘la grieta,’ the nation’s distinctive form of political polarization. Although this should not be regarded as a mere curiosity, it starts to illuminate the emerging relative distribution of power that will … Read more
International Monetary Fund spokesperson Julie Kozak commended the reform agenda being implemented by the Argentine government, describing the economic stabilization plan as ‘impressive.’ During her regular Thursday press conference, Kozak cautioned that effectively addressing the transition costs linked to these reforms ‘are also going to be important.’ In the early hours of Friday, the Argentine … Read more
The Argentine Congress is poised to commence extraordinary sessions in February, featuring a comprehensive agenda. Among the bills slated for debate are modifications to the Glaciers Law, a reduction in the age of criminal responsibility, and the recently ratified EU-Mercosur agreement. The upcoming sessions will serve as a significant evaluation of the government’s legislative capabilities, … Read more
President Javier Milei intends to ensure that the newly elected Congress, set to take office in October, forgoes its customary summer recess. This measure aims to facilitate timely votes on his proposed reforms and the budget before the conclusion of the year. Cabinet Chief Manuel Adorni announced that the president is set to sign a … Read more
Leaked audio recordings link Karina Milei and other top officials to illicit disabilities pharmaceutical purchases, sparking a corruption scandal. Public outrage is escalating as an investigation probes into allegations that President Javier Milei’s sister, Karina Milei, received substantial cash kickbacks from pharmaceutical sales to Argentina’s disability services agency. The corruption scandal has gained significant attention … Read more
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
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