As I see it Time could be running out for Milei Today 00:01 Governments that have little to fear from an effective opposition soon fall prey to the internal squabbles politicians so greatly enjoy. by James Neilson
POLITICS – ANALYSIS Smelling a drop of blood in the water Yesterday 16:17 Losing control of the digital discourse for Milei is akin to losing the streets for a traditional Peronist politician of the 21st-century. by Agustino Fontevecchia
ANALYSIS: SHOCK THERAPY Iran war sets back Milei’s zero-inflation promise 15-04-2026 18:02 US war with Iran threatens to upend Milei’s promise to tame monthly inflation to below one percent by the middle of this year.
ECONOMY – ANALYSIS Inflation picked up more than expected on energy shock 14-04-2026 17:35 Inflation picked up more than expected in March as prices at the pump rose sharply on the Iran war and as education costs surged.
ANALYSING ARGENTINA Wanted: A governing agenda for Javier Milei 11-04-2026 07:44 A perception of dissonance between what the wider world and the public here see of Milei and his government is bad news for the administration. by Marcelo J. García
BEYOND THE HEADLINES Cabinet chiefs past and present 11-04-2026 07:38 The Cabinet chief’s role as whipping boy can be traced back to the post’s origins in the 1995 constitutional reform. by Michael Soltys
POLITICS – ANALYSIS Russian psyops and the dance of the candidates 11-04-2026 07:34 The Milei administration is on the back foot, tired, hanging off the ropes, but is nowhere near knockout territory. by Agustino Fontevecchia
MARKETS & BONDS Ex-Wall Street trader attempts distressed M&A turnarounds in Milei’s Argentina 06-04-2026 14:22 After years trading securities in New York, Esteban Nofal’s hunt for returns has brought him home to Argentina.
YPF CASE – ANALYSIS Argentina’s New York battle scars 03-04-2026 06:20 The Argentine Republic is a veteran of many battles in New York Courthouses and the YPF case is one of its most epic stand-offs. by Agustino Fontevecchia
Editorial Open wounds 28-03-2026 05:57 Democracy is alive and well despite the wear and tear of over four decades – one consensus still intact despite the increasing polarisation and fragmentation of the political scenario.
ANALYSING ARGENTINA With or without Milei 28-03-2026 05:55 Milei has given Vaca Muerta a push, but growth there precedes and will outlive his Presidency. It is arguably the only consensus policy the country has had for the past decade and a half. Its development momentum will not stop anytime soon. by Marcelo J. García
50th anniversary of 1976 coup ‘Sadism is not a political ideology nor a strategy of war, but a moral perversion’ 28-03-2026 05:53 Populism, on the left and on the right, has wrecked havoc, helping to exacerbate the decline of traditional democratic values. It’s a shame that the defence of human rights has become fodder for culture wars and polarisation. by Agustino Fontevecchia
ANALYSIS: SHOCK THERAPY Sluggish economy is testing Milei’s spending cuts 26-03-2026 13:25 Eighteen months out from the next presidential election, every additional peso of austerity is more socially and politically expensive for President Javier Milei.
POLITICS – ANALYSIS Adorni is breaking his back 14-03-2026 06:00 From his press conference pulpit, Adorni has lashed out against the caste, against Kirchnerism and anyone and anything that didn’t see the state as an obstacle to individual freedom, corrupting those who went near. How could a stalwart of Milei’s anarcho-libertarian gang abuse his position of power for personal privilege? by Agustino Fontevecchia
INFLATION – ANALYSIS Argentina posted higher-than-expected inflation ahead of Iran war shock 12-03-2026 17:17 Monthly and annual inflation readings both came in higher than expected in February, before the war in Iran put upward pressure on oil prices.
MARKETS – ANALYSIS Argentina missed early window to sell bonds, investors say 11-03-2026 17:33 Investors say Milei government may have missed a window to return to debt markets in January after deeming it too expensive.
(GEO)POLITICS – ANALYSIS Argentina: the safest country in the world 07-03-2026 06:36 With the world in chaos, Milei returned to the basics and relied on the same kind of things that got him elected in the first place. by Agustino Fontevecchia
POLITICS & CONGRESS Key points of Milei’s newly passed labour reform package 28-02-2026 09:24 Key aspects of the reform promoted by Milei and his La Libertad Avanza party.
BEYOND THE HEADLINES Ironies of FATE 28-02-2026 06:05 Tensions between the liberal right and the nationalistic right could start to make themselves felt here. by Michael Soltys
ECONOMY – ANALYSIS Dismissals, trial periods and litigation – key changes in Javier Milei’s labour reform bill 23-02-2026 15:53 Argentina’s government wants to reduce labour litigation, but lawyers warn that the changes in dismissals, trial periods and litigation could have the opposite effects to those sought by the government. by Gabriel Zorrilla
POLITICS & ECONOMY Lower House passes Milei’s flagship labour reform 20-02-2026 10:30 Despite last-minute changes, Javier Milei's labour reform still stands to be one of the biggest overhauls to Argentina’s economy in decades.
BEYOND THE HEADLINES Stupid cupid – an $LIBRA of love 14-02-2026 06:41 Exactly one year ago today the first black swan came along after probably the longest presidential honeymoon in Argentine history. by Michael Soltys
POLITICS – ANALYSIS Molotov cocktails and circumstantial majorities 14-02-2026 06:12 The arts of politics the President despises once again gives his government political momentum, as it did during its first year. Once again, they have a chance to keep the ball rolling, but the secret is to keep the president’s mouth (relatively) shut in order not to pick a fight with its allies. by Agustino Fontevecchia
Editorial Behind the times 14-02-2026 06:01 This labour reform bill is a starting-point towards less labour litigation and a more flexible job market but it is also running behind times which are moving much faster.
ANALYSING ARGENTINA Be my market valentine, Milei 14-02-2026 02:09 Milei risks being carried away by ideology, opening the economy too much and too fast, over-appreciating the peso (again) and leaving too many sectors hurt at home. by Marcelo J. García
BEYOND THE HEADLINES Lies, damned lies and statistics 07-02-2026 00:04 The blow to confidence from this institutionally messy political interference in the formation of statistics (even if child’s play compared to the Kirchnerite fudging of the figures) remains to be seen. 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.
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 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
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’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
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.
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
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.
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
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.
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
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
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
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
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?
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
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
Analysis Investment or political marketing? Analysing OpenAI’s Argentina announcement 11-10-2025 09:36 Announcement by President Javier Mileil’s government of plans to create a mega AI data centre in Patagonia raises questions about its feasibility and geopolitical aims.