Breaking down Argentina’s current inflation crisis – CBS News Watch CBS News Argentina is experiencing rapid economic change under the leadership of new president Javier Milei as the third-largest economy in Latin America continues to suffer from decades of struggles. CBS News’ Errol Barnett looks at how Argentina ended up in this economic situation. Be … Read more
Thousands of Argentinians have taken to the streets to oppose the country’s new president Javier Milei who took office earlier this month promising drastic cuts to public spending. ADVERTISEMENT Newly elected President Javier Milei announced dozens of new measures on Wednesday evening. They included sweeping initiatives to transform Argentina’s struggling economy, including easing government regulation … Read more
ROME (AP) — Pope Francis says he wants to be buried in the Rome basilica of St. Mary Major, not in the grottoes of the Vatican like other popes, so he can be near his favorite icon of the Madonna. Francis, who turns 87 on Sunday, also said he never thought about resigning this year … Read more
Argentina devalued its currency by more than 50 percent Tuesday in a set of “shock” measures aimed at reviving a crumbling economy and tackling triple-digit inflation. Issued on: 13/12/2023 – 03:49 3 min The government of President Javier Milei, a libertarian who swept from obscurity to the top office vowing to chainsaw spending, also announced … Read more
Argentina on Tuesday announced a sharp devaluation of its currency and cuts to energy and transportation subsidies as part of shock adjustments new President Javier Milei says are needed to deal with an economic “emergency.” Economy Minister Luis Caputo said in a televised message that the Argentine peso will be devalued by 50% from 400 … Read more
Argentina devalued the peso by 54% and announced a swath of spending cuts as the first steps of President Javier Milei’s shock-therapy program, moves welcomed by the International Monetary Fund. The newly inaugurated administration weakened the official exchange rate to 800 pesos per dollar, Economy Minister Luis Caputo said in a televised address after the … Read more
BUENOS AIRES, Argentina (AP) — As right-wing economist Javier Milei assumed Argentina’s presidency on Sunday, the nation wonders which version of him will govern: the chainsaw-wielding, anti-establishment crusader from the campaign trail, or the more moderate president-elect who emerged in recent weeks. Milei, 53, rose to fame on television with profanity-laden tirades against what he … Read more
elected President of Argentina Javier Milei of La Libertad Avanza greets supporters after the polls closed in the presidential runoff on November 19, 2023 in Buenos Aires, Argentina. According to official results, Javier Milei of La Libertad Avanza reached 55,69% of the votes and Sergio Massa of Union Por La Patria 44,30%, with 99,25 of … Read more
Argentina’s Milei: From rabble-rouser to realist? Daily Sun Source link
I’m Chris Anstey, a senior economics editor in Boston and today I’m looking at Argentina’s economic policy dilemma. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X (formerly known as Twitter) via @economics. And if you aren’t yet signed up to receive this newsletter, you can do so here. Argentina should, … Read more