Scroll to the top

{{ subpage.title }}

Residents of Avellaneda protest against the DNU (Decree of Necessity and Urgency) and the Omnibus Law promoted by the government of Javier Milei.

Alfredo Luna/Ulan/Pool/Latin America News Agency via Reuters Connect

The masses test Milei with major protest

Starting mid-day Wednesday, Argentina’s most powerful unions will stop work to demonstrate against the financial overhauls proposed by new President Javier Milei, as his omnibus spending bill works its way through Congress. An impressive turnout is expected for the march to the national Congress in Buenos Aires, with smaller solidarity protests across the country. Workers everywhere – from banks to domestic airlines to those informally employed – say they will join the strike.

Read moreShow less

Javier Milei, president of Argentina, reacts during a plenary session in the Congress hall as part of the 54th annual meeting of the World Economic Forum, WEF, in Davos, Switzerland, on Jan. 17, 2024.

GIAN EHRENZELLER/Pool via REUTERS

Milei makes fiery Davos debut

Javier Milei’s first foray onto the international stage wasn’t so much to deliver a maiden speech as to give a “brazen hussy of a speech,” to use Winston Churchill’s memorable phrase.

The newly elected Argentinian president blazed into Davos like a comet and delighted libertarians around the world with his unabashed advocacy of free markets. He concluded with a rallying cry for the world’s wealth creators: “Long live freedom, dammit!”

Read moreShow less

Argentine presidential candidate Javier Milei of La Libertad Avanza coalition holds a placard depicting a dollar bill with his face on it, during a campaign rally in La Plata, Buenos Aires, Argentina, September 12, 2023.

REUTERS/Agustin Marcarian

Chainsaw cuts path to new Argentina-IMF deal

Argentine President Javier Milei’s dramatic spending cuts have provoked protests at home, but they’ve won him plaudits from abroad. On Thursday, an IMF delegation lands in Buenos Aires, reportedly to restart a $44 billion bailout program for the crisis-wracked country.

The eccentric, “anarcho-capitalist” Milei, who at times campaigned wielding a chainsaw, promised to slash spending to address an economic crisis that has driven inflation above 150% and plunged almost half of the population into poverty.

Read moreShow less

Demonstrators protest against Argentina's new President Javier Milei's adjustment policy, outside the National Congress in Buenos Aires, Argentina December 21, 2023. The banner reads, "For Sale".

REUTERS/Agustin Marcarian

Extreme economic makeover: Milei edition

Ten days after his inauguration, President Javier Milei set out to turn Argentina from a nanny state to a bastion of free market capitalism, announcing a sweeping set of economic reforms that uproot major sectors of the economy and have enraged the country’s powerful labor unions.

The decrees will privatize state-owned companies and strike down regulations in the housing market, export controls, the food industry, and other sectors to encourage competition. Worker benefits, from severance packages to maternity leave, will also be cut.

Read moreShow less

Argentine President-elect Javier Milei

REUTERS/Agustin Marcarian

Is Milei moderating? Argentina’s president-elect takes power

After running a scorching campaign that promised to turn Argentina into a Utopia of free-market capitalism by any means necessary, President-elect Javier Milei is cooling things down a bit ahead of his inauguration on Sunday.

Milei won last month’s election in a landslide by blasting the economic policies of the outgoing Peronist government, promising to slash government spending, cut taxes, eliminate most ministries, close the central bank, and dollarize Argentina’s economy.

Read moreShow less

FILE PHOTO: Brazilian president Lula da Silva hugging Ursula von der Leyen the President of the European Commission at the 3rd EU-CELAC Summit in Brussels, Belgium on 17 July 2023.

Nicolas Economou/NurPhoto via Reuters

EU and Mercosur near trade deal (at last)

It has been a long four years since the free trade deal between Brussels and Latin America’s largest trade bloc was agreed in principle, but all sides now, finally, look close to signing on the dotted line.

Read moreShow less

Argentine presidential candidate Javier Milei gestures during the closing event of his electoral campaign ahead of the November 19 runoff election, in Cordoba, Argentina, November 16, 2023.

REUTERS/Matias Baglietto

Milei’s win raises pressure for completion of EU-Latin America trade deal

Javier Milei’s victory in Argentina’s presidential election could rapidly accelerate negotiations for a trade treaty between the Mercosur trade bloc and the EU. Milei, a self-declared anarcho-capitalist, vowed to pull Argentina from Mercosur altogether if he won. His victory raises questions about the future of the bloc and talks surrounding the treaty.

Read moreShow less

Candidate Javier Milei greets his supporters as he arrives at the school where he votes, in Buenos Aires, Argentina, on Nov. 19, 2023.

REUTERS/Agustin Marcarian

Milei’s victory plunges Argentina into uncharted waters

Far-right libertarian Javier Milei is set to become president of Argentina after defeating Economy Minister Sergio Massa in Sunday’s runoff election. With over 90% of the ballots counted, Milei leads the vote count 56% to 44%, and Massa has conceded defeat.

Read moreShow less

Subscribe to our free newsletter, GZERO Daily

Latest