This radical economist became Argentina's president railing against politicians. Now he needs them.

Protesters converged on downtown Buenos Aires on Monday as Argentina ’s lower house began to debate a dramatically downsized version of President Javier Milei’s economic overhaul bill. In his drive to reach zero deficit, Milei is slashing spending across Argentina — shuttering ministries, defunding cultural centers, laying off state workers and cutting subsidies.

“He has had a rapid education in Machiavellian operations,” said Christopher Ecclestone, a strategist with investment bank Hallgarten & Company. “He’s now using carrots and sticks to get what he wants.” In just a few months, Milei devalued the Argentine peso by 54%, removed price controls for food and rent, froze all public works projects, halved the number of federal ministries, slashed government revenue transfers to provinces, cut fuel and transportation subsidies and

Founded in 2021, his libertarian party, Freedom Advances, holds just 15% of seats in the lower house and 10% of the senate. None of Argentina’s 23 powerful provincial governors — who hold keys to legislative support — are allies. Moderating his tone, Milei entered weeks of negotiations with mainstream right-wing and centrist parties — and emerged with the even more scaled-back bill being debated in the lower house.The omnibus bill remains controversial in granting Milei vast legislative powers in energy, tax, pensions, security and other areas.

“He presents himself as an uncompromising radical thinker but when push comes to shove, he is perfectly able to make compromises,” said Eugenia Mitchelstein, associate professor of politics at Argentina’s University of San Andrés. “His 100-day honeymoon has come and gone ... He needs this law to pass.”Milei’s has powered his overhaul with little more than budget cuts by decree.

Argentina Government General News International News World News Radicalism Politics World News

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Argentina Court Declares Iran and Hezbollah Responsible for 1994 BombingsThe Cassation Court in Argentina has officially declared Iran and Hezbollah responsible for the 1994 bombing of the Argentine-Israeli Mutual Association (AMIA) and the 1992 bombing of the Israeli embassy in Buenos Aires. The court describes Iran as a 'terrorist state' and urges the Argentine state to file a formal complaint at international courts against Iran. It also calls for a reform to Argentine law to allow in-absentia trials against the suspects.
Source: BreitbartNews - 🏆 610. / 51 Read more »

Argentina Court Holds Iran and Hezbollah Responsible for 1992 and 1994 BombingsThe Cassation Court in Argentina has officially declared Iran and Hezbollah responsible for the 1992 bombing of the Israeli embassy in Buenos Aires and the 1994 bombing of the Argentine-Israeli Mutual Association (AMIA). The court describes Iran as a 'terrorist state' and considers both attacks as crimes against humanity. It urges the Argentine state to file a formal complaint against Iran at international courts and calls for a reform in Argentine law to allow in-absentia trials for the suspects.
Source: BreitbartNews - 🏆 610. / 51 Read more »

Argentine Court Blames Iran and Hezbollah for Deadly 1994 Jewish Center BombingArgentina's highest criminal court reported a new development Thursday in the elusive quest for justice in the country's deadliest attack in history the 1994 bombing of a Jewish community center headquarters concluding Iran had planned the attack and Lebanon's Hezbollah...
Source: NEWSMAX - 🏆 16. / 71 Read more »

Argentine court blames Iran and Hezbollah for deadly 1994 Jewish center bombingArgentina’s highest criminal court has reported a new development in the elusive quest for justice in the country’s deadliest attack in history — the 1994 bombing of a Jewish community center headquarters. It concluded Thursday that Iran had planned the attack and Lebanon’s Hezbollah militant group had executed the plans.
Source: AP - 🏆 728. / 51 Read more »

Argentine court blames Iran and Hezbollah for deadly 1994 Jewish center bombingArgentina’s highest criminal court has reported a new development in the elusive quest for justice in the country’s deadliest attack in history — the 1994 bombing of a Jewish community center headquarters.
Source: ksatnews - 🏆 442. / 53 Read more »

Argentine court blames Iran and Hezbollah for deadly 1994 Jewish center bombingArgentina’s highest criminal court has reported a new development in the elusive quest for justice in the country’s deadliest attack in history — the 1994 bombing of a Jewish community center headquarters
Source: sdut - 🏆 5. / 95 Read more »