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.
ECONOMY – ANALYSIS Milei scores Trump trade deal that will test closed economy 15-11-2025 09:11 Pact adds to the Trump administration’s tens of billions of dollars in financial support for its ideological ally and delivers on Milei's promise to voters to secure such a deal.
POLITICS – ANALYSIS Libertarian bliss and Macri’s shadow 15-11-2025 05:40 Macri felt invincible in the aftermath of the 2017 midterm victory, as does the President today. But hubris is a dangerous ailment for victorious politicians. by Agustino Fontevecchia
Campaign comments The City and the Senate 15-11-2025 05:05 While the government’s overall midterm triumph represented a huge shift from gloomy pre-electoral expectations, this city’s results did not show that much change from last May’s local voting. by Michael Soltys
ANALYSIS: SHOCK THERAPY Milei keeps the peso from driving huge price hikes 12-11-2025 10:59 Shoppers increasingly stick to essentials and foot traffic is thinning, limiting the ability of businesses to raise prices.
POLITICS – ANALYSIS From abyss to Olympus – and back down? 08-11-2025 06:49 For the time being, Javier Milei has been returned to the political Olympus, his reformist mandate restored, along with his energy. The question now is, where do we go from here? by Agustino Fontevecchia
CAMPAIGN COMMENTS Karina rules OK 08-11-2025 06:34 Karina Milei’s claim to the electoral laurels seems a slam dunk, but a different conclusion emerges once we look beyond the big picture to the provincial results. by Michael Soltys
OPINION & ANALYSIS Two abysses 05-11-2025 10:29 Society voted no twice. No to the future being offered by Milei (September) and no to the past offered by Peronism (October). Dissatisfaction with everybody. In not opting for the alternatives to polarisation, the voters gave an extra life to the government and Peronism. A respite. by Jorge Fontevecchia
POLITICS – ANALYSIS What to do with a problem like Cristina? 04-11-2025 13:58 For a decade now, Cristina Fernández de Kirchner and those aligned with her have been — fairly or unfairly — a negative symbol for a majority of society. Just as there is a hard core who respect or idolise her, there are broad sectors who would never again vote for any candidate backed by her. by Gustavo González
ANALYSING ARGENTINA Javier Milei superstar 01-11-2025 06:40 Winning the election saved the administration from making immediate and desperate corrections from a position of weakness, but it does not save them from making changes altogether. by Marcelo J. García
Campaign comments The colour purple 01-11-2025 06:10 Despite governing the province for 34 of the last 42 years, the Peronists ran up a hat-trick of national midterm defeats there last Sunday – in 2017, in 2021 and in 2025. by Michael Soltys
ELECTION 2025: ANALYSIS Two-faced Milei: a second chance, but also a risk for Argentina 01-11-2025 06:10 Will Milei take advantage of the opportunity he has been granted in order to pursue a constructive political and economic agenda? Or will he use his newfound power to double down on his plan with no corrections? by Agustino Fontevecchia
MARKET REACTION As Argentina surges back, peso shows limit to Milei euphoria 28-10-2025 10:46 Argentina officials have repeatedly said they aren’t planning on enacting any changes to the current exchange-rate policy. As trading wore on Monday, the currency steadily pulled back from its early morning surge.
ELECTION 2025: ANALYSIS Why Argentines backed Milei in the midterm elections 27-10-2025 12:40 Javier Milei pulled off a stunning win in Sunday's midterm elections, boosting his flagging reform agenda. After two years of economic hardship, why did voters back the La Libertad Avanza leader at the polls?
ELECTION 2025: ANALYSIS Voters hand Milei belated birthday present, post-mortem for Peronism overdue 27-10-2025 00:21 Peronism’s renovation is well overdue. It seems Argentines would much rather carry on along Milei’s path of uncertainty and sacrifice than go back to reach the future. by James Grainger
ELECTION 2025: ANALYSIS Electoral blank cheque – is the worst version of Milei yet to come? 26-10-2025 23:45 It was a victory that neither the polls nor the government itself predicted expected, but it carries a danger: with it. Will the President radicalise further after receiving this vote of confidence? by Franco Lindner
Analysing Argentina The midterms are over – can Milei reinvent himself? 25-10-2025 06:17 For more than a year, Milei invested too much energy and resources in an election that was not structurally designed to change much of his future. He only seems to have come to understand that in recent weeks, when it became clear that La Libertad Avanza will not turn into a hegemonic force overnight. by Marcelo J. García
ELECTIONS 2025: ANALYSIS Milei, the two Caputos and the two anchors 25-10-2025 06:08 Milei and the two Caputos have the path laid out for them. The “two anchors” that will give them a future are tied to applying the necessary adaptations to the economic policy plan and creating the conditions for circumstantial legislative majorities. This situation appears possible under any electoral scenario, even a potent Peronist victory. by Agustino Fontevecchia
CAMPAIGN COMMENTS 151 shades of grey 25-10-2025 05:58 Voters are being asked to select not the next president but 127 deputies and 24 senators for which 217 lists are contending in the 23 provinces and this City with a total 1,648 candidates. The multiplicity of combinations arising from these numbers points to an infinity of results, each one of which would make the parliamentary negotiations lying ahead slightly different with no chance of any overall majority – 151 shades of grey. by Michael Soltys
As I see it Most countries are on death row 24-10-2025 21:07 Unless demographic trends change abruptly in the very near future, many other countries will precede Argentina on the path into the unknown. by James Neilson
Funds and bonds Bessent steps in to protect profits of friendly investors in Argentina 22-10-2025 17:03 US Treasury Secretary Scott Bessent comes to the rescue of hedge funds including BlackRock, Fidelity, Pimco and Discovery Capital Management, all of which bought Argentine bonds. Several fund managers share a professional past with the US official.
POLITICS & FOREIGN POLICY Viceroy Bennett and US intervention in Argentina 21-10-2025 15:58 Lobbyist hired by the SIDE intelligence services became executor of Trump’s will in Argentina. Secret meetings, legal troubles and his partnership with businessman Leonardo Scatturice. by Rodis Recalt
ANALYSIS On raucous outsiders and statesmen 18-10-2025 06:47 The Milei administration has shown time and time again they lack the capacity to build sustainable political alliances and that stubbornness on the economic front has led to the repetition of mistakes from the recent past. The President has shown that when political momentum is on his side, he abuses good fortune to castigate political opponents and preach cultural war. by Agustino Fontevecchia
ANALYSING ARGENTINA Yankees come home 18-10-2025 06:26 Exactly 20 years ago next month, Washington silently retreated from the region. Now it’s coming back, in full swing. by Marcelo J. García
CAMPAIGN COMMENTS Trump card or joker in the pack? 18-10-2025 06:15 Milei’s government is confident of success in only seven of Argentina's 24 districts but this fails to point out that fears of defeat are also only limited to seven provinces, with the other 10 up in the air. by Michael Soltys
POLITICS & ECONOMY Great expectations as Milei jets to Washington for Trump meeting 13-10-2025 22:39 President Javier Milei travels to Washington to meet Donald Trump with markets anticipating announcements and progress towards a trade deal.