Risks don’t disappear just because you ignore them. They only become more dangerous. – Nassim Nicholas Taleb At its core, economic policy represents the strategic management of risk. Every programme faces inherent tensions, and each stabilisation plan necessitates a set of decisions that favor specific objectives while sacrificing others. Every government determines the risks it … 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
“If the reforms are questioned for being pushed by a government accused of corruption, they will never be long-term,” concludes one of Argentina’s top businessmen. The apprehension regarding the potential collapse of extensive initiatives, which may be influenced by the “early denunciations” of corruption within the upper echelons of President Javier Milei’s national administration, is … Read more
According to a recent report by Torcuato Di Tella University, public trust in the government fell by nearly 14% in August compared to July. This marks the lowest point since President Milei assumed office. The Government Trust Index survey was conducted in the first two weeks of August, with its release following a week after … Read more
Argentine markets exhibited volatility this week, influenced by a significant bribery scandal impacting the Milei administration and a newly introduced monetary policy that has been characterized by many as precarious. The EMBI, a gauge of country risk that assesses the probability of debt default, rose to 829 basis points on Tuesday — marking its peak … Read more
In response to the bribery allegations involving a close associate, President Javier Milei’s senior officials are taking measures to mitigate the repercussions, which are impacting Argentina’s dollar bonds. This situation is exacerbated by a liquidity crisis that has led to a significant increase in interest rates. Argentina’s dollar bonds are being weighed down by bribery … 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
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
For both the government and the opposition, the central issue revolves around the extent of spending on pensions, with scant attention given to the potential for achieving greater outcomes with reduced resources. The presidential vetoes enacted last weekend concerning legislation for pensioners and the handicapped, coupled with the midweek passage of the university funding bill … Read more
Argentina’s government blames local banks, big industry, and the establishment for the third currency run of its administration. Milei sees it as a political attack on his economic plan. Heidentifies his scapegoats for the turbulent conditions affecting monetary markets at the end of the month. In addition to the well-known “Kukas” (which are relatively straightforward … Read more