OPINION & ANALYSIS The doors of Toto Caputo’s parallel realities Today 11:14 Disassociation from reality has its impact on the markets and on politics.
BEYOND THE HEADLINES Rocker versus Rocca and a deal with steel appeal 31-01-2026 06:50 How did an exclusively private tender become such a political football and why should there be much to choose between the tubing of an Argentine multinational flogging Brazilian steel and an Indian competitor hawking Chinese steel? by Michael Soltys
Analysing Argentina Between a Rocca and a hard place 31-01-2026 06:34 Screaming that a company should go bankrupt because its quotation was 40% higher than an Indian firm’s is wonky politics for a president. by Marcelo J. García
BLOOMBERG - ANALYSIS JPMorgan courts Argentina by readily refilling stash of dollars 29-01-2026 16:08 JPMorgan’s ties to Argentina run deep — just look at Milei’s economic team.
ANALYSIS: SHOCK THERAPY Lured by 38% rates, carry-trade investors pile into peso 29-01-2026 13:56 The carry trade – where investors borrow in dollars to buy the local currency – is in play.
POLITICS – ANALYSIS Lowering age of criminal responsibility – is Argentina legislating in mood of violent emotion? 28-01-2026 15:56 Is the Milei government's bill "political opportunism," a distraction or the handing down of real consequences to those who commit crime? by Barbara Komarovsky
OPINION & ANALYSIS No pills for leaders 28-01-2026 12:10 Wouldn't it be appropriate to require a deep psychometric test for anyone running for elected office and/or elected to a position of greater responsibility? by Martín A. Morgenstern
OPINION & ANALYSIS Ideology over technique – Milei government’s banned glossary 26-01-2026 09:09 Invisible lists of uncomfortable words have started to affect different state bodies. When the state starts to cross out words, it does not correct language: it foolishly attempts to correct reality. by Juan Cruz Soqueira
OPINION & ANALYSIS The Davos rapture and Milei’s Nobel pitch 24-01-2026 07:38 The contours of a new world order are beginning to express themselves... by Agustino Fontevecchia
As I see it Europe hit by a butterfly’s wings 24-01-2026 07:09 Trump’s pathetic desire to win a prize that is awarded by people who despise him is reshaping geopolitics. by James Neilson
BEYOND THE HEADLINES The forgotten reform 24-01-2026 00:17 Central to the passage of Milei's labour reform is the assent of the provincial governors controlling the deputies and senators needed to take the ruling party to an overall parliamentary majority. by Michael Soltys
OPINION & ANALYSIS Milei: Ally of the United States or of Trump? 21-01-2026 21:34 The relationship between the United States and Argentina is at a peak given the empathy between Trump and Milei. Argentina’s now-automatic alignment with Washington has given the government financial support and stability, but also prevented it from defining its own foreign policy agenda. by Javier Calvo
OPINION & ANALYSIS Milei’s relentless chainsaw – the great campaign promise he kept 19-01-2026 21:07 Several of the grandest presidential commitments made by Argentina’s President on the campaign trail in 2023 have been shelved and apparently forgotten: dollarisation, the implosion of the Central Bank and the total eradication of inflation. Without support from the IMF or the United States, those objectives would have proved unviable. But there is one point nobody can dispute: the fiscal surplus. In scarcely two years, the government has reversed a historic deficit with the deepest austerity since the return of democracy. But the discussion still pending is the political, social and institutional cost. by Carlos Burgueño
Analysing Argentina LatAm on the run (from Trump) 17-01-2026 07:04 Latin American leaders are scrambling to adapt to the new reality in which the United States can impose its will on the hemisphere. by Marcelo J. García
GEOPOLITICS – ANALYSIS Trump, the creator of chaos, takes the driver’s seat 17-01-2026 06:31 The might of the US military strength unleashed in Caracas serves as a powerful threat to Washington’s other geopolitical adversaries. by Agustino Fontevecchia
BEYOND THE HEADLINES Is Vaca Muerta now a dead cow – and EU-Mercosur deal a cherubic baby? 17-01-2026 00:12 Today will go down as a historic day with the world’s biggest free-trade area numbering over 700 million consumers signed into being in the Paraguayan capital of Asunción. by Michael Soltys
Political insider Summer waves and espionage 15-01-2026 16:25 To date, four lawsuits have been filed at different courtrooms seeking to declare Javier Milei’s decree empowering the domestic intelligence services and adding uncontrolled multi-million funds unconstitutional. For espionage, the presidential chainsaw has turned into a blunt knife. by Javier Calvo
Business, politics & losses The fall of the Bolivarian régime and its ruinous fallout for Argentina 13-01-2026 15:18 Argentina’s economic relationship with the Bolivarian Republic of Venezuela left a negative balance difficult to hide. From Hugo Chávez’s financial loans to Néstor Kirchner to failed trade agreements, expropriations and non-payments, the link translated into lost dollars, lost markets and troubled national companies. Bonds with usurious interest rates, unpaid exports, truncated energy projects and forced nationalisations marked almost three decades of a political alliance which, in economic terms, proved to be costly and ruinous for the country. by Carlos Burgueño
ANALYSIS: SHOCK THERAPY Milei still props up peso despite looser trading rules 13-01-2026 13:09 President Javier Milei is sticking with his core approach: intervene, manage and prop up the peso, in an effort to keep inflation down.
Analysing Argentina Venezuela: Is Milei on the right or the wrong side of history? 10-01-2026 06:51 A Venezuelan comeback, especially if it entails large investments in rebuilding infrastructure, would be a direct regional competitor for Vaca Muerta, a development that has improved its production efficiency but still needs to streamline costs. by Marcelo J. García
BEYOND THE HEADLINES Fracas in Caracas 10-01-2026 06:43 Whisking Maduro from a heavily guarded Caracas military base to a New York courtroom was also an almost magical feat but has yet to prove a game-changer in Venezuelan history. If Bolivarian 21st-century socialism could outlive Hugo Chávez, it could also survive Maduro. by Michael Soltys
GEOPOLITICS The dictator, the imperialist and the new world order 10-01-2026 06:39 Seeing a strongman take the keys to the region’s socio-political-economic inclinations is ominously reminiscent of the darkest days of the recent past. It feels even more terrifying when the man with his finger on the button is Trump. by Agustino Fontevecchia
As I see it Existential angst is for Europeans 02-01-2026 08:40 In contrast to the many Europeans, Argentines have yet to resign themselves to collective failure. by James Neilson
POLITICS – ANALYSIS The physics of power in Milei’s Argentina 26-12-2025 07:50 As the year enters its final stretch, spectators are looking to the Milei administration in order to figure out whether it will be able to deliver on multiple fronts, particularly whether it will manage to build a consensus in Congress. by Agustino Fontevecchia
POLITICS – ANALYSIS Milei’s tactical retreat and the liquid contours of power 20-12-2025 08:48 Milei’s libertarians have grown in owned legislative muscle, they still need from circumstantial allies and provincial governors to pass legislation. by Agustino Fontevecchia
Analysing Argentina Wide open field for Milei 20-12-2025 07:44 A libertarian but not a “libertidiot,” as he likes to say, Milei seems to have picked security rather than risk for the new stage of his administration. It is a good choice. by Marcelo J. García
CAMPAIGN COMMENTS Is Kast caste? 20-12-2025 07:31 While Bolivia, Honduras and now Chile have all swung right in recent voting, Trump’s pet candidate in each nation had problems riding the crest of the wave. by Michael Soltys
ANALYSIS: SHOCK THERAPY Milei stymies wild peso swings as he resets Argentine FX policy 18-12-2025 01:34 The Central Bank’s FX desk is about to play a more prominent role as President Javier Milei seeks to accumulate reserves.
GUEST COLUMN Milei's law for (removing) glacier protection is a regressive reform 17-12-2025 23:56 The bill to amend the National Glacier Protection Law, would dismantle the minimalist regime which today protects glaciers and the periglacial perimeter, Argentina’s most important strategic water reserves.
OPINION & ANALYSIS Argentina needs a robust plan of national consensus 17-12-2025 16:28 Without an internal national consensus, assistance from the west is futile. With it, Argentina could become a success story once again.
MONETARY POLICY Milei gives in to IMF pressure and opens door to inflation risk 17-12-2025 12:50 Economic team has relinquished price deceleration as its overriding priority in an effort to break through the floor of Argentina’s country risk rating, but new strategy faces market scepticism over government’s financing capacity. by Eugenia Muzio
BONDS & MARKETS Argentina moves closer to bond market return with peso pivot 16-12-2025 22:08 Central Bank will begin to gradually unwind the tight grip it keeps on the currency starting January; Officials also say they’re going to start buying dollars to boost the Central Bank’s cash stockpile.
ANALYSIS Chile follows Latin American neighbours in lurching right 16-12-2025 07:49 Leftist leaders have not won a single presidential election in Latin America this year as voters opt for change.
OPINION & ANALYSIS Argentina, too big to fail? 13-12-2025 09:37 The sceptic in me wonders whether, given Trump’s personality and lust for sycophancy, the message could simply be: “Milei, too big to fail.” by David Smith
CAMPAIGN COMMENTS The curtain falls … and rises 13-12-2025 09:17 The new Senate has no less than 13 caucuses but the big picture has 21 senators responding directly to the Javier Milei administration, 26 in the Kirchnerite orbit, 14 in the centre-right and 11 heeding purely provincial interests. by Michael Soltys
Editorial Halfway to heaven? 13-12-2025 06:30 The Milei Presidency at its halfway mark can most charitably be described as a work in progress.
LATIN AMERICA & GEOPOLITICS Machado, Trump and the contradictions of removing Maduro by force 13-12-2025 05:18 What kind of guarantees can a region with a history of far-right military dictatorships get from a United States that has shelved the democracy agenda in favour of throwing around its economic and geopolitical might? by Agustino Fontevecchia
RETURN TO MARKETS Government stages market comeback with local dollar bond sale 10-12-2025 22:53 Demand for the US$1-billion sale reached US$1.42 billion; Deal seen as dry run for Argentina's eventual resumption of overseas borrowing.
INTELLIGENCE SERVICES Intelligence services adrift and under uncertain leadership 09-12-2025 17:05 In a region beginning to convulse due to the presence of United States troops in the Caribbean, with a latent threat from Iran against the country, the reshuffle at Argentina’s SIDE intelligence services once again lays bare an agency riddled with internal strife. by Walter Curia
Politics & football ‘Tiny’ Tapia follows in the footsteps of ‘Don Julio’ 06-12-2025 06:37 Tapia and the AFA scandal sit at the centre of a web of connections looping in almost the entire political ecosystem. It is under scrutiny by investigative journalists and the Judiciary, with the United States also paying attention. by Agustino Fontevecchia
CAMPAIGN COMMENTS And so it (almost) ends 06-12-2025 06:00 Quite apart from the uncertainties over Lorena Villaverde’s Senate entry, Congress has been the scene of musical chairs with its first minority changing in the course of this week. by Michael Soltys
MARKETS & DEBT Argentina readies return to foreign bond market 03-12-2025 15:46 Argentina, the serial defaulter, wants to return to international bond markets; Approval of labour and tax reforms by new Congress could be the trigger.
ANALYSING ARGENTINA The tectonic fracture of Argentina’s economy 29-11-2025 05:20 This is a game-changer for Argentina’s economy, anticipated for years and slowly happening. Milei has contributed to this outcome, but it is not solely the result of his actions. He is, however, the President that – if he does things right – will benefit from it. by Marcelo J. García
CAMPAIGN COMMENTS Disunited provinces II 29-11-2025 05:13 La Libertad Avanza won in 15 of 23 provinces, including the largest, with Tucumán the most important outside the fold. Opposition candidates only enjoyed a clear lead in half their provinces won, although LLA margins were extremely slender in four of their 15 victories, including the main prize of Buenos Aires Province.
POLITICS – ANALYSIS High corruption in Argentina 29-11-2025 05:00 Two years into Javier Milei’s Presidency, there is a growing sense of impunity that by no means is his sole responsibility. It is reminiscent of moments of high corruption such as those seen in the latter Kirchnerite years. by Agustino Fontevecchia
OPINION & ANALYSIS Nothing to see here 26-11-2025 12:32 Milei's honeymoon moment – the election result in October – cooled the overheated mood in society, the media and among the political elite. by Javier Calvo
OPINION & ANALYSIS Milei, Thatcher and the English Mamdani 25-11-2025 12:51 Zack Polanski – an environmental activist, gay, vegan and former actor – is gaining ground among young voters in the UK, making Britain’s Labour Party nervous as it watches Nigel Farage’s far-right Reform Party grow. by Jorge Fontevecchia
POLITICS UCR enters a critical moment with the party’s future at stake 24-11-2025 21:27 UCR National Committee will be renewing its leadership next month. Tensions reflects level of infighting among different provincial tribes, torn between those governors maintaining a good relationship with the Casa Rosada and those who seek to keep their distance. by Ezequiel Spillman
Campaign comments Disunited provinces 22-11-2025 06:51 Looking at inland Argentina is far from irrelevant since tax reform is high on the list of President Javier Milei’s priorities with negotiating the revenue sensitivities of provincial governors perhaps the biggest obstacle there. by Michael Soltys
ANALYSIS Crime, economic woes push South American voters to right 18-11-2025 15:36 Reasons why South Americans are electing right-wing candidates this year differ in each country, but they’re all driving the region in the same political direction.