Trending Now
We have updated our Privacy Policy and Terms of Use for Eurasia Group and its affiliates, including GZERO Media, to clarify the types of data we collect, how we collect it, how we use data and with whom we share data. By using our website you consent to our Terms and Conditions and Privacy Policy, including the transfer of your personal data to the United States from your country of residence, and our use of cookies described in our Cookie Policy.
{{ subpage.title }}
Argentina's radical new president, Javier Milei (Exclusive interview)
In an exclusive interview with Ian Bremmer for the latest episode of GZERO World, Argentine President Javier Milei defends his radical approach to saving Argentina’s struggling economy, his commitment to aligning with liberal democracies, and his pragmatic stance on international trade and alliances.
There's no getting around it: Argentina's new president, Javier Milei, is an odd duck. But beyond his penchant for cloned dogs, messy hair, and bombast, what’s truly radical about the South American leader is his plan to save Argentina’s economy. When he ran for office, the economics professor-turned-TV pundit-turned-presidential-candidate vowed to eliminate Argentina’s central bank and threatened to replace the Argentine peso with the American dollar. But once he came to office, a more pragmatic approach to economic reform emerged. And in just six months, his administration has managed to slow Argentina's 300% annual inflation and turn a budget deficit into a surplus. "We have actually completed the largest reform in the history of Argentina," he proudly tells Ian Bremmer in an exclusive new interview for GZERO World, highlighting the scale of his efforts to overturn what he calls "100 years of decadence."
(Note: Turn on closed captions for translation from Spanish to English or your preferred language.)
Milei's libertarian economic policies, although effective in some respects, have also led to significant hardships. "Life is going to be harder for the average Argentinian citizen," he acknowledges. Despite these challenges, Milei's popularity remains high, attributed to his honesty and transparency with the public.
In a wide-ranging interview with Bremmer, Milei also explains that his approach to foreign policy is marked by a mix of ideological commitment and pragmatic flexibility. He champions free trade and economic liberalization while acknowledging the complexities of dealing with autocratic regimes. "The world should be separated between liberal democracies and autocracies," Milei asserts. Yet, he does not shy away from engaging with China, recognizing the economic benefits such relationships can bring. "If I were to limit that trade, which is free, would Argentines be better off or worse off?" he asks Bremmer, advocating for a balanced approach that prioritizes Argentina's well-being.
Milei's staunch support for Israel is another defining aspect of his foreign policy. When Ian asks him about the Gaza war, his answer is simple and unwavering. "I will continue to support Israel right to the end."
GZERO World with Ian Bremmer, the award-winning weekly global affairs series, airs nationwide on US public television stations (check local listings).
New digital episodes of GZERO World are released every Monday on YouTube. Don''t miss an episode: subscribe to GZERO's YouTube channel and turn on notifications (🔔).
FILE PHOTO: Hungary's Prime Minister Viktor Orban and Italy's Prime Minister Giorgia Meloni attend a European Union leaders' summit in Brussels, Belgium, June 27, 2024.
Austrian, Hungarian, and Czech far-right form new EU coalition
What is this, a Hapsburg revival? Right-wingers from the political core of the former Austro-Hungarian Empire announced Sunday they would form a new Russia-leaning alliance in the EU parliament. Austria’s Freedom Party, Hungary’s Fidesz, and the Czech Republic’s Action of Dissatisfied Citizens, aka ANO, have committed, but the “Patriots of Europe” alliance needs at least one MP from four other EU member states to become an official faction, which they seem confident of obtaining.
The move draws a clear cleavage in the far-right camp between pro- and anti-Ukraine parties on Europe’s far right. Italian Prime Minister Giorgia Meloni has forged a pragmatic path to electability by leaning heavily into support for Ukraine and the EU while insisting on hardline immigration policies. It’s paid off for her, but her approaches – and meteoric rise – haven’t sat well with some of the Euroskeptic, Russia-friendly old guard. This new alliance is their play for greater relevance in Brussels, to avoid being overshadowed by Meloni’s new kids on the populist bloc.
What we’re watching: Does Alternative for Germany, recently expelled from Marine Le Pen’s Identity and Democracy faction, join them? AfD won 16% of the vote in Germany during this month’s EU Parliament elections, and their allegiance would elevate Patriots for Europe. That said, the far right is already divided between Le Pen’s Identity and Democracy and Meloni’s European Conservatives and Reformists. Slicing off another piece only helps centrists like European Commission President Ursula von der Leyen sleep a little easier.North Macedonia heads to the polls on Wednesday in a vote overshadowed by one big issue: disputes with neighbors that could derail the tiny Balkan republic’s fledgling EU membership bid.
North Macedonia’s election stokes Balkan beefs
North Macedonia heads to the polls on Wednesday in a vote overshadowed by one big issue: disputes with neighbors that could derail the tiny Balkan republic’s fledgling EU membership bid.
The governing, center-left Social Democratic Union of Macedonia will likely lose power to a center-right coalition with a nine-word name that we’ll just call by its acronym VMRO-DPMNE.
While economic woes and corruption are key voter concerns, VMRO-DPMNE has also rallied support by striking a nationalist tone – namely by rejecting long-standing demands from neighboring Bulgaria that North Macedonia recognize its own, small Bulgarian minority.
Bulgaria, already an EU member, has threatened to freeze North Macedonia’s accession bid unless its demands are met.
VMRO-DMRE has also stoked an old dispute with Greece by publicly calling the country “Macedonia.” In 2019, Greece got North Macedonia to add “North” to its name, because of Athens’ view that “Macedonia” proper is a region of Greece. That agreement opened the way for North Macedonia to join NATO and begin EU talks.
But progress has been slow, raising popular frustrations and fueling VMRO-DPMNE’s resurgence. If VMRO-DPMNE takes power, as expected, the situation will heat up further, particularly as Bulgaria heads toward its own elections next month.
Imran Khan: “The Poster Boy for Populism"
Weeks after a chaotic general election, Pakistan’s political parties still struggle to form a coalition to move the country forward. GZERO’s Tony Maciulis sat down with Pakistan’s former Foreign Minister Hina Khar at the Munich Security Conference for her take on how the nation’s imprisoned ex-Prime Minister Imran Khan maintains a hold over supporters and remains a powerful political force.
Independent candidates mostly aligned with Khan’s political party, Pakistan Tehreek-e-Insaf (PTI), won the most votes on February 8, though they fell short of a majority, setting off a power struggle between Khan and his political rival, former Prime Minister Nawaz Sharif.
Comparing Khan to former US President Donald Trump and India’s leader Narendra Modi, Khar said, “He really represents what populist leaders are all about. He’s able to get everybody to rally around what all is wrong and the great injustices. However, when he comes to power, he doesn’t have any to plan to sort it out.”
Khar explained that Khan’s popularity flows from his ability to tap into the frustrations of his base, who are deeply concerned about rising costs of living, including food and energy prices.
While she hopes the political parties will be able to come to a resolution that respects the voters' mandate, Khar says “the jury is out” about whether Khan will ultimately bow out of the process.
Khar also addressed the ongoing tensions between Pakistan and neighboring India. In a past interview with GZERO, she had described India as a “rogue nation,” a claim she stood by once again in Munich. Modi’s popularity, she said, “is based on anti-Muslim, anti-Islam” sentiments that resonate with Hindu nationalist supporters.
A demonstrator holds a sign reading "Hate makes you small" at a rally organized by the German Trade Union Confederation on "For Democracy and Solidarity" on Jan. 27, 2024.
A black eye for Germany’s far right
That’s one way to understand why the Alternative for Germany party, or AfD, was narrowly defeated last weekend in a local election in a place it has scored wins in the past. A recent scandal involving contact between AfD leaders and officials considered neo-Nazis – conversations that reportedly centered on plans to deport immigrants, including some who have German citizenship – set off a firestorm.
Last weekend, anti-AfD protests filled the streets of some 30 German cities, and that sentiment appears to have pushed higher-than-expect turnout among anti-AfD voters for the election in the German state of Thuringia.
There will be larger elections in this region in September, and AfD may well perform much better. But last weekend’s protests and local election results, from a place considered an AfD stronghold, remind us that Europe’s anti-populist political forces are strong too.
The logo of the World Economic Forum (WEF) is displayed on a window, during the 54th annual meeting of the WEF, in Davos, Switzerland, January 18, 2024.
Who’s skipping Davos – and watching the polls?
While Donald Trump was winning in Iowa and preparing for New Hampshire, economic and political elites were in Davos, Switzerland, for the World Economic Forum … where they were worrying about a potential Trump 2.0.
As jets descended on Davos, there was plenty of chatter about who was and wasn’t in attendance. Five years ago, Canadian Prime Minister Justin Trudeau gave a keynote at the confab. This year, he sat out along with most of his front bench. After chatter about the scarce Canadian contingent, Finance Minister Chrystia Freeland was added to the agenda, perhaps to make it seem like the Liberals weren’t working overtime to avoid hobnobbing with the jet set while Canadians struggle with affordability, housing, and healthcare crises. After all, his party is way behind in the polls, and Trudeau is taking flak – and facing a possible ethics investigation – over his winter vacation in Jamaica.
President Joe Biden also skipped Davos. His approval rating is…not great, hitting a new low this week. Like Trudeau, he may be inclined to stay close to home and focus on domestic issues as Americans face their own affordability crisis.
As worries about the large contingent from China working overtime at Davos for foreign investment circulate around Washington, Biden sent the soon-to-retire John Kerry and Secretary of State Antony Blinken, whose plane conked out before his trip back, to make the rounds and discuss climate change and the war in Gaza.
The American and Canadian Davos lineups remind us that foreign politics is often domestic politics abroad. Both Biden and Trudeau are in tough reelection races, with Biden likely to face Trump in November, and Trudeau set for a matchup with Conservative leader Pierre Poilievre by October 2025. And neither man will find votes in Davos.
Argentinian presidential candidate Javier Milei attends a news conference in Buenos Aires, Argentina, on Oct. 11, 2023.
Who the heck is Javier Milei?
Perhaps you’ve heard about Argentina’s new presidential frontrunner. His name is Javier Milei, and his raucous political rallies feature him as a ranting, raving, rock star who wants to “blow up” the country’s political lethargy.
His charisma approaches the level of Donald Trump, a leader he says he admires. He wants to make the US dollar Argentina’s legal currency, close down the country’s central bank, and legalize the sale of human organs without government interference. He has argued that sex education in Argentina’s schools is part of an elite plot to destroy the traditional family.
Milei’s campaign style suggests he’s usually the last to leave the karaoke bar.
And it’s precisely because of his libertarian – some would say anarchic – views and his open hatred for a political class that has failed to pull Argentina from a chronic economic crisis that his star is on the rise.
We know he’s a leading contender because Argentina has a political process that asks voters to indicate their preference for president two months before the election. In August, Milei won a jaw-dropping 30% plus of the vote in a race that included 22 candidates. The main center-right opposition bloc won 28%. The ruling leftist Peronist coalition took 27%.
The election will be held on Sunday, and with an inflation rate of 116% that keeps 40% of the country in poverty, it’s not hard to see why many voters might turn to a self-proclaimed political arsonist.
If this political dynamic sounds familiar, it’s because anti-politician politicians have become a phenomenon in recent years. Trump represented a complete break with the American political class, personified perfectly by Hillary Clinton. In 2018, exhausted by the scandals and stagnating economy under left-wing governments, Brazilian voters turned to profane former paratrooper Jair Bolsonaro.
But this isn’t just a right-wing phenomenon. French voters chose Emmanuel Macron in 2017 in part because he challenged both the center-right and center-left establishment parties that dominated France for decades. Like Macron, Mexico’s Andrés Manuel López Obrador created his own political party and drove it to power in 2018 by challenging a political class perceived as hopelessly corrupt. On the left, Colombia’s Gustavo Petro represented a similar let’s-just-start-over approach to political problem-solving.
It should be noted, however, that Trump was impeached twice, indicted four times, lost his bid for reelection, and is now running again with a national approval rating of 40%. Bolsonaro lost his bid for reelection too, and he’s now banned from running for office for eight years. Macron and Petro have become deeply unpopular. Only López Obrador has managed to defy political gravity while governing as a political outsider.
Argentina’s voters will decide on Sunday just how serious they are about a Javier Milei presidency. The most recent polls say the vote might be close, but Milei remains the favorite.
- Argentina's economy will get a lot worse before it gets better - GZERO Media ›
- How Javier Milei is turning Argentina's economy around - GZERO Media ›
- Milei is beating the odds. Will it last? - GZERO Media ›
- Argentina's President Javier Milei wants his nation "on the side of liberal democracies" - GZERO Media ›
Slovakian Prime Minister Robert Fico gestures as he attends a joint news conference with the French President at the Elysee Palace in Paris, France, June 22, 2016.
After pivotal election, Slovakia forms new government
Two weeks after winning Slovakia’s elections, former PM Robert Fico, a left-wing populist who campaigned on limiting illegal migration and curtailing military support for Ukraine, has struck a deal to form a new government.
Fico’s social democratic SMER-SSD will form a coalition with the moderate center-left HLAS (Voice) party and the nationalist SNS party.
The former PM’s criticisms of EU sanctions on Russia and his calls for Kyiv to negotiate with Moscow had raised fears that Slovakia, under his leadership, might break ranks with its fellow NATO and EU members on some aspects of Ukraine policy. Fico has said that he supports reconstruction and humanitarian aid for Ukraine, but he doesn’t want to send more Slovak weapons.
The coalition memorandum explicitly reaffirms Slovakia’s commitment to a foreign policy shaped by its membership in NATO and the EU, while also respecting “sovereignty.”
HLAS’ moderating influence, as well as Fico’s track record of governing more pragmatically than he campaigns, likely played a role in the decision to directly address the NATO and EU issue early on. But we’ll see Fico’s stripes more clearly soon enough: He is likely to be confirmed as PM ahead of an EU summit later this month that will focus largely on Ukraine.
For a deeper explainer of who Fico is, what a journalist’s murder has to do with him, and how Ukraine played into the election, see here.