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Euros & Dollars: Milei’s Peso Plunge Explained
The drastic devaluation of the peso marks the beginning of President Milei’s crusade against inflation in Argentina. But he needs more than that to succeed.
The drastic devaluation of the peso marks the beginning of President Milei’s crusade against inflation in Argentina. But he needs more than that to succeed.
Ordinary Argentines have found in Milei a compatriot willing to take the bull by the horns.
His policies include radically shrinking the size of the government and replacing the peso with the U.S. dollar.
Establishment candidate Sergio Massa surprised observers by winning the most votes in the election’s first round.
To evolve from libertarian icon to statesman, the Argentinian candidate needs to think beyond the material.
A slow-motion economic meltdown in Argentina has handed the initiative to eccentric libertarian populist Javier Milei who romped home first in primaries over the weekend.
After first deciding to rub salt into the wound with its endorsement of the Argentine name for the Falklands, EU officials later backed down and clarified their position.
Argentina, which has Ibero-America’s third-largest economy, is the latest of many key geopolitical actors to take steps to reduce its dependence on the U.S. dollar.
The assailant, who was arrested on sight, is a 35-year-old Brazilian man.