Showing posts with label Argentina. Show all posts
Showing posts with label Argentina. Show all posts

Saturday, November 01, 2025

Thursday, October 30, 2025

The Guardian View on Argentina’s Election: One Step Closer to Becoming a Trumpian Client State

THE GUARDIAN — EDITORIAL: A $40bn rescue may have helped Javier Milei scrape through midterms, but it leaves Argentina’s democracy and economy more dependent than ever on Washington

Argentina’s rightwing president, Javier Milei, his party and its allies claimed victory this week in key congressional elections. But it was Donald Trump who emerged the biggest winner. A $40bn lifeline from the US president gave Mr Milei’s beleaguered government just enough credibility – and apparent firepower – to halt the Argentinian peso’s slide. Crucially, this helped to stabilise consumer prices in the final weeks of the campaign. The US rescue engendered a short-lived aura of competence that allowed Mr Milei to shift the blame for rising prices back to the opposition, despite his own role in accelerating inflation by devaluing the currency when he took office.

Mr Milei’s wasn’t a decisive triumph. His rightwing coalition got 40% of the midterms vote thanks largely to a low turnout and a fragmented opposition. His “chainsaw” programme of privatisation and public spending cuts has not been popular. Polls suggest that six in 10 voters disapprove. Unsurprising, perhaps: since Mr Milei took office in December 2023, Argentinians’ purchasing power has fallen sharply, real wages have declined and more than 200,000 jobs have been lost. » | Editorial | Wednesday, October 29, 2025

Tuesday, October 28, 2025

Javier Milei Is No Libertarian. He Is Beholden to Argentina’s Oligarchs.

UNHERD: You have seen the spectacle. The wild sideburns, the rousing speeches, the roaring chainsaw, the heavy metal music dominating his mass rallies. Javier Milei, the self-styled shackle-breaking, anarcho-capitalist madman, marketed himself as a radical departure from everything that came before. He was going to blow up Argentina’s corrupt political casta, abolish its central bank, adopt the dollar and every kind of crypto coin out there as Argentina’s competing currencies. It was a gutsy bid to replace a century of Peronist and neoliberal failure with the libertarian’s dream: a pure, unadulterated, free market.

Across the globe, the nationalist Right, from Elon Musk, Benjamin Netanyahu and Donald Trump to Giorgia Meloni and Britain’s Daily Telegraph, lionised him. Niall Ferguson, the financial oligarchy’s court historian, declared a “man-made miracle” in the making. For a few brief months, as Argentina’s inflation rate plunged from its peaks, and even the poverty rates seemed to decrease, the chorus of fanboys grew deafening. Until everyone fell silent.

Today, the miracle has been exposed as a mirage. Argentina’s economy has nose-dived and its peso is in a death spiral, with a desperate $20-billion lifeline from the US and yet more rescue loans from the IMF keeping the Milei show on the road until the forthcoming mid-term elections. Closer inspection of the poverty reduction sub-miracle also reveals a mirage: the only reason the relative poverty index dropped was that median incomes had fallen faster than those at the bottom with the result that that fewer people now count as poor. The situation in Argentina is what you would call a meltdown — but is it really a surprise? » | Yanis Varoufakis | Thursday, October 16, 2025

Argentina's Milei Vows More Reforms after Election Triumph

Oct 27, 2025 | Argentina's President Javier Milei said his party's big victory in the nation's midterm elections marked a turning point and vowed to pursue reforms his government still considers necessary.

'Today we pass through a turning point,' Milei said after the results. Milei's party cruised to victory in midterm legislative elections as voters backed his free-market reforms and deep austerity measures, providing a mandate for him to push forward with his radical overhaul of the economy. The results will also likely be welcome news to US president Donald Trump, whose administration recently provided Argentina with a hefty financial bailout but had threatened to pull away if Milei did not do well.



Little good will come of this clown's reforms. They will enrich the superrich of Argentina and impoverish the masses. How Argentinians can vote for this madman is beyond my comprehension. — © Mark Alexander

Monday, October 27, 2025

Milei’s Win in Argentina Had Trump’s Fingerprints All Over It. But Just How Long Will Their Friendship Last?

THE GUARDIAN — OPINION: The Argentine president’s libertarian experiment is in tatters, and his hold on power seems increasingly dependent on volatile US support

In 1946, Argentina was emerging from military rule, an empowered labour movement was reshaping politics and Col Juan Perón, a leftwing leader who had introduced a raft of popular workers’ rights decrees, was rising fast in the polls. The then US ambassador, Spruille Braden, had other ideas about who should win the national election that year, and he openly campaigned against Perón in Buenos Aires. Braden’s action stands out as one of the most brazen instances of US interference in Argentina’s politics. Until now.

The Argentine president, Javier Milei, who won a resounding midterm victory on Sunday, has received ample support from Donald Trump. Ahead of the congressional elections, Trump endorsed Milei and warned: “If he loses, we are not going to be generous with Argentina.” Washington extended a $20bn currency swap line to the government – money aimed at stabilising financial volatility that would have undermined Milei’s chances. The US treasury even intervened directly, buying more than a billion dollars of pesos to slow the currency’s freefall in recent weeks. » | Jordana Timerman | Monday, October 27, 2025

Milei’s Party Wins High-stakes Argentina Elections, Early Results Show

Oct 27, 2025 | The party of Argentinian President Javier Milei has won midterm elections clinching a crucial vote of confidence in his free-market reforms and deep austerity measures.

Early results show Milei's Libertarian Party secured more than 40 percent of votes.

Al Jazeera’s Teresa Bo reports from Buenos Aires, Argentina.

Sunday, October 26, 2025

Why Trump's $20 Billion Bailout of Argentina Might Not Be Enough to Rescue Milei | DW News

Oct 26, 2025 | Voting is underway in Argentina as people head to the polls in critical midterm elections. Sunday's vote is seen as a test for President Javier Milei and his austerity policies. Inflation has fallen significantly in recent months, but so has Milei's popularity. Around half of the seats in the lower chambers and a third of those in the upper chamber are up for grabs.

Saturday, October 25, 2025

Why Support for Argentina's Milei Is Waning | DW News

Oct 25, 2025 | Argentina is preparing to vote in a mid-term election test on Sunday for President Javier Milei’s radical free-market experiment. Since taking office he's cut spending and slashed inflation. But scandals and austerity have fueled discontent. And then there's the added complication of Milei's ally Donald Trump, who has tied US aid to Milei's success at the ballot box. Young people, who had catapulted him to power in 2023, are now divided between support, disillusionment, and a loss of enthusiasm following widespread adjustments ranging from universities to disability benefits.


Argentinians have placed their trust in a madman! Unfortunately, Javier Milei has virually zero chance of fixing Argentina's economic woes. Fixing Argentina's economy requires a leader with a level head and sound, sensible, and fair economic policies. Milei's radical, anarcho-capitalistic policies are neither sound nor sensible nor fair! — © Mark Alexander

Thursday, October 16, 2025

Why Is Trump Bailing Out Argentina's President Milei While Firing Thousands of Workers in US?

Oct 16, 2025 | We speak to Argentine journalist Pablo Calvi about the U.S. government's multibillion-dollar bailout for Argentina, which could grow from $20 billion to $40 billion as Argentina is rocked by an ongoing economic crisis. "I don't see that the bailout would benefit the Argentine people or the American people, for that matter," says Calvi. Instead, he believes the tech industry will reap the financial rewards from its ties to U.S. President Trump and his ally, far-right Argentine President Javier Milei, who attended the conservative CPAC conference in the U.S., where he gifted billionaire Elon Musk a chain saw.


Democracy Now! can be supported here.

Why Trump’s $20B Argentina Bailout May Be Doomed to Fail | WSJ

Oct 15, 2025 | President Trump recently announced a $20 billion deal to rescue Argentina and President Javier Milei, angering U.S. farmers and putting American taxpayers at risk. On Wednesday, Treasury Secretary Scott Bessent announced that the Trump Administration was also assembling an additional $20 billion aid in a private finance facility that could act as a backstop for Argentina's debt.

Tuesday, October 14, 2025

Trump Threatens to Cut US Aid to Argentina If Milei Loses Election

THE GUARDIAN: US president says ‘we will not be generous’ if leader fails to win key midterms after promising $20bn to prop up struggling economy

Donald Trump has warned he could cut financial aid to Argentina if his ally Javier Milei loses crucial legislative elections later this month.

“If he loses, we are not going to be generous with Argentina,” the US president said as Milei visited the White House to seek the Republican’s political and economic support. “I’m with this man because his philosophy is correct. And he may win and he may not win – I think he’s going to win. And if he wins we are staying with him, and if he doesn’t win we are gone.”

Trump’s administration has already promised $20bn to prop up Argentina’s struggling economy but his backing has failed to calm the markets – or help Milei’s polling before midterms on 26 October.

The results of the elections, in which Milei’s minority party is hoping to boost its seat tally, will dictate whether he can pass tough cost-cutting reforms or will face a legislative brick wall for the next two years of his term.

Hailing Milei as a “great leader”, Trump said he would “fully endorse” his ideological ally in the elections. “He’s Maga all the way, it’s ‘Make Argentina Great Again,’” he added. » | Agencies | Tuesday, October 14, 2025

Sunday, October 12, 2025

Milei's Shock Therapy for Argentina: Economic Miracle or Mirage? • FRANCE 24 English

Oct 10, 2025 | Was the "Argentina miracle" that Javier Milei boasted about really a miracle? As the libertarian president approaches his third year in office, and with midterm elections around the corner on October 26, we take a closer look at Argentina's economy with Juan Ignacio Carranza, lead analyst at Aurora Macro Strategies in Buenos Aires.

Wednesday, October 08, 2025

Argentina's Milei Launches New Book with Rock Concert amid Political Turmoil

Oct 7, 2025 | Argentina's president Javier Milei has headlined a concert marking the release of a new book he hopes will revive his flagging fortunes. It comes ahead of midterm elections, seen as a test of his radical economic policies and a measure of damage done to his government by a series of scandals.

Al Jazeera’s Daniel Schweimler reports from Buenos Aires, Argentina.



This isn’t leadership; this is craziness! That man behaves as though he should be sectioned! God help the Argentinians! That’s all I can say. — © Mark Alexander

Burning down the house: Milei plays rock star as Argentina economy crashes: Facing protests and scandal, Argentina’s ‘rock star president’ performs in Buenos Aires, saying: ‘I’m human’ »

Tuesday, October 07, 2025

Farage, Trump, Musk: Your Boy Javier Milei Just Took One Hell of a Beating. Why So Quiet?

THE GUARDIAN: The wild politics and chainsaw made Argentina’s president an economic hero for the right. And now, with his nation’s finances in chaos: silence

So you really want to know how Prime Minister Farage would pan out? Well, speculate no longer. An excellent test case is unfolding right now, in a country that just so happens to be run by one of Nigel’s heroes. Javier Milei is “amazing”, said the CEO of the private company he calls Reform. “Cutting and slashing … doing all the things he’s done … that’s leadership.”

You may know some of this story, about how a political outsider took power in Argentina. You’ve seen photos of El Loco, the self-styled madman, in a black leather jacket, with sideburns like hedges and wielding a giant red chainsaw – all the better to slash the public sector with.

Taking over Latin America’s second-largest country made Milei the poster boy of the international hard right. Elon Musk: “I love Javier Milei.” Kemi Badenoch: “Javier Milei is the template.” Donald Trump: “My favourite president.” In office, he was lionised by Wall Street and the international commentariat. Milei’s economy was declared by no lesser sage than Niall Ferguson as a “man-made miracle”.

Yet over the past few weeks, Argentina has gone into freefall. Investors have yanked billions out of the country, and the peso has dropped like a stone. A few days ago Trump was forced to pledge $20bn (£15bn) to prop up his friend, in addition to a rescue loan from the IMF. Later this month, Milei faces midterm elections that will serve as a referendum on his presidency and the results are expected to be bad. “We are seeing in real time how a government can melt in front of our eyes,” Alejandro Bercovich, a leading Argentine TV and radio journalist told me this week. “I never thought they would collapse this quickly.” » | Aditya Chakrabortty | Thursday, October 2, 2025

My regular visitors will surely remember that I stated loud and clear from day one that Javier Milei’s stupid experiment with anarcho-capitalism would fail. And my words are coming true very quickly.

You cannot run an economy as you run a business. The skills needed to run a business are totally different from the skills needed to run an economy. Intelligent, well-educated leaders and politicians should know this, but clearly many of them do not.

There is a simple reason why a businessman’s skills and a politician’s skills are very different, and it is simple to understand: the goal for a successful businessman is always profit; the goal of a good political leader should always be a successful economy run for the benefit of ALL the nation’s citizens. A nation’s leader is not doing his job properly if some of the citizens are living in the lap of luxury whilst others are going to bed at night hungry. When that happens, the leader has FAILED, regardless of how well the nation’s economy is doing on the international stage.

We need look no further than America for a lesson in how NOT to run an economy! Trump is trying to run the US using the business skills he boasts of possessing. And we can all see the mess that he has created. He has failed. And in Argentina, Javier Milei will also fail, I’m sorry to say. If I am not greatly mistaken, Milei’s reckless experiment in anarcho-capitalism will end in pain, misery, and tears for the masses. — © Mark Alexander

Wednesday, October 01, 2025

The Guardian View on Trump’s Argentina Bailout: It’s a Political Play, Not an Economic Plan

THE GUARDIAN — EDITORIAL: Washington’s $20bn lifeline for rightwing populist Javier Milei isn’t about stability or sovereignty, it’s about winning an election

Last month, the US treasury secretary, Scott Bessent, vowed to do “whatever it takes” to support Argentina’s rightwing president, Javier Milei, a key ally of Donald Trump. Markets aren’t convinced. On Tuesday, the peso plunged by more than 6% before a central bank intervention clawed back losses. Argentine stocks abroad fell 7%, and the risk premium on its debt rose to 12.3 percentage points – far beyond sustainable borrowing levels. The rout continued on Wednesday.

Mr Bessent admitted the aid was meant to prop up Mr Milei after his La Libertad Avanza (Freedom Advances) party lost decisively in a key election last month. But no terms have been confirmed. With US Republicans angry over Mr Milei’s tax breaks for soy farmers that undercut US producers, markets are asking the obvious: is the Bessent bazooka real, or just for show? It’s obviously a bad look for Mr Trump when the US government is shut down over health funding while $20bn is pledged to prop up a foreign ally. “America first” wasn’t meant to mean furloughed workers and stalled medical trials at home while cash flows abroad. » | Editorial | Wednesday, October 1, 2025

Sunday, September 28, 2025

Why Trump Is Backing Argentina’s Thatcherite Economics

THE GUARDIAN: While Javier Milei’s shock therapy to tame inflation has won support from Washington and the IMF, ordinary Argentinians seem less impressed

“We’re backing him 100%. We think he’s done a fantastic job. Like us, he inherited a mess.” Donald Trump gave his enthusiastic endorsement to Javier Milei’s radical economic experiment when the pair met in New York last week.

The US has declared itself ready to offer more than rhetorical support to the chainsaw-wielding Argentinian president in the coming days, as Buenos Aires stands on the brink of a fresh financial crisis.

The US Treasury secretary, Scott Bessent, said the US was “ready to do what is needed”. He suggested the Federal Reserve could offer Buenos Aires a $20bn (£15bn) dollar swap line – a crucial crisis-fighting tool – or the US could even buy the country’s bonds directly.

US administrations have rallied support for Argentinian governments in the past – Bill Clinton was a fan of Carlos Menem’s 1990s reforms, for example. But Trump’s readiness to wade in directly is the latest example of his determination to use economic tools for political ends: in this case, propping up an ideological ally. » | Heather Stewart | Sunday, September 28, 2025

Saturday, September 13, 2025

Evita, The Documentary by Eduardo Montes-Bradley

Sep 25, 2021 | A powerful and unflinching portrait of one of the most iconic and polarizing women in Latin American history, Evita: The Documentary traces the extraordinary life of Eva Perón—from her impoverished beginnings as the illegitimate daughter of a rural landowner to her rise as Argentina’s First Lady and a force in 20th-century politics.

Through archival footage and a critical lens, the film explores Evita’s early struggles, her ascent as an actress, and her profound influence within President Juan Perón’s government. It examines her role in founding a far-reaching charitable foundation, her international “Rainbow Tour,” and the adoration she inspired among Argentina’s working class.

But beyond the myth, Evita also confronts the complexities of her final years—her battle with cancer, her death at the age of 33, and the bizarre posthumous odyssey of her embalmed body through decades of political upheaval.

Offering nuance beyond the familiar iconography, this documentary peels back layers of legend to reveal the woman, the symbol, and the legacy still debated today.


Wednesday, September 10, 2025

Javier Milei's Demise Is Coming

Sep 10, 2025 | The Grayzone's Oscar Leon and Venezuelan analyst Diego Sequera join Max Blumenthal to discuss local Argentinian elections which the party of right-wing President Javier Milei lost in a landslide, and what it means for his political future.


I should like to point out to my followers and visitors that I said from the very start that Javier Milei’s experiment with anarcho-capitalism will fail. It appears that my words are coming true even sooner than I thought possible. Milei’s experiment is ridiculous. Milei's way is no way to run a country! — © Mark Alexander

Saturday, September 06, 2025

A Mysterious First Sister, Heard on Leaked Audio, Captivates Argentina

THE NEW YORK TIMES: Karina Milei has become a lightning rod for corruption accusations even as her power and the loyalty of her brother, President Javier Milei, remain unwavering.

Before an audio tape of President Javier Milei’s sister was recently leaked to the news media, most Argentines had never heard her voice.

Karina Milei, perhaps the second most powerful person in Argentina, had largely kept silent, pulling strings from behind the scenes while her boisterous brother commanded the stage.

But now Argentina’s mysterious first sister, who quietly helped fuel her brother’s rise from TV pundit to president and a leader of the world’s populist right, has become a focal point for a public test of his government and a lightning rod for corruption accusations leveled against it.

While the tape attributed to her was innocuous, rallying party members and telling them to stay united, a separate tape attributed to a different government official suggested she was profiting from a bribery scheme.

And all of this has emerged just as she was organizing Milei’s party’s campaign for a crucial midterm vote this fall — a key test of her brother’s transformative plans for the country.

But just as he has done since they were children, Mr. Milei, 54, has stood by his sister, denying the accusations, and there are no signs that her power or influence have weakened. » | Emma Bubola and Lucía Cholakian Herrera | Reporting from Buenos Aires | Saturday, September 6, 2025

Leer en español.