Milei’s Narrow Path to Success
After several months in office, Argentina’s president faces mounting political and economic challenges, though his reform agenda is still alive.
BUENOS AIRES — The Javier Milei phenomenon confused everyone. Political parties, the business and intellectual establishments and other powerful sectors—all still struggle to categorize Argentina’s president. The main concern of investors, local and foreign alike, is whether his ambitious reforms to shift Argentina towards a market economy can move forward. He began with few allies in Congress and elsewhere and now has even fewer, due to his verbal pyrotechnics. Milei’s chances of pushing through his program appear to be diminishing, but a narrow path to success remains...
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