Argentine President Javier Milei, in an interview with The Wall Street Journal's Emma Tucker and Ryan Dube, has reaffirmed his commitment to a free-market revolution, stating 'There is no Plan B' as he proceeds with plans to privatize state companies and cut government jobs and spending. These measures have spurred inflation and protests, but Milei believes they are necessary for attracting foreign investment and repairing the country's dysfunctional economy. Despite the challenges, including the need to navigate 'an extraordinary number of land mines,' as noted by political analyst Benjamin Gedan, Milei remains popular among the population. Economy Minister Luis Caputo has indicated that dollarization is a goal for the government, but it will only be implemented when conditions are right, though some reports suggest that dollarization is close. Steve Hanke insists that without dollarization, Milei's plan has no chance of success. Meanwhile, the government has made some concessions, such as pulling a key fiscal section from its major omnibus bill, and the IMF has allowed Argentina to defer the last review of its $44 billion loan to November. Additionally, there is a push to bring currency competition to Argentina.
Milei's government has been saying - including to the WSJ - that his plan is non-negotiable. But they are, in fact, making concessions. Most recently: scrapping a plan to reinstate lower income tax threshold and further limiting the legislative powers that'd be delegated to him https://t.co/SPEZ0fxROY
Argentina markets edge lower after Milei's key reform bill diluted https://t.co/7JaCCB5iXW https://t.co/dsSTmK9fOG
⚠️ ARGENTINA MARKETS EDGE LOWER AFTER MILEI'S KEY REFORM BILL DILUTED (Reuters) Argentina's bond, currency and stock markets edged lower on Monday, though they avoided a sharp slide after the government was forced to pull a key fiscal section from its major "omnibus" bill aimed… https://t.co/7Ei8lh0EkU
⚠️ EXCLUSIVE-IMF, ARGENTINA TO DEFER FINAL $44 BILLION LOAN REVIEW TO NOVEMBER (Reuters) The International Monetary Fund will allow Argentina to defer the last review of its $44 billion loan by two months, giving the government more time to apply reforms and potentially…
#ICYMI #Argentina is seeing big gains YTD following “Shock Measures” by new President including making the #Dollar the official currency & eliminating the central bank. @CNBCWEX https://t.co/RAUQEs9w7m
Javier Milei’s Program for Argentina https://t.co/eOYydr99AV? | US is headed to the same place. Fed will be forced to grow balance sheet ti fund deficits... @SecYellen hablas Espanol? @DANIELBOUTMY
💡 Argentina: Govt cuts fiscal reforms from omnibus bill in push for quick approval - @EmergingMWatch on https://t.co/orvmA6Wqwk Full Story → https://t.co/tsdR0aLaIx
#Latam Insights: #Argentina Milei States #Dollarization Is Close, #Bitfarms Expands In #Paraguay https://t.co/lDcS7m90FZ
Argentina’s President Promised a Free-Market Revolution, and Says He’s Delivering https://t.co/SXJZY75ZHo
Bringing currency competition to Argentina. About: Milei, choice in currency, currency basket, monetary policy. https://t.co/G8i09Gw91m
#ARGWatch🇦🇷: Pres. @JMilei: "There is no ‘Plan B.’" Milei forgot one big thing: WITHOUT DOLLARIZATION, HE HAS NO CHANCE OF SUCCESSFULLY IMPLEMENTING “PLAN A.” https://t.co/o1sVaF9Uyd
So far, President Javier Milei remains popular, I told the @WSJ, “but there is just an extraordinary number of land mines to navigate” as he attempts to repair Argentina’s dysfunctional economy. https://t.co/3NTcDXJgGr
“The population was so traumatized by the economic calamities of the last government that they seem so far to be willing to go along for the ride,” I told the @WSJ. https://t.co/H4NgSRCoX3
Every time I watch interviews with Javier Milei, I want to visit Argentina even more. What an incredible leader 👏
Argentina’s President Promised a Free-Market Revolution, and Says He’s Delivering "There's no plan B" https://t.co/zSucPwj2Tl
Javier Milei tells @WSJ he would follow through with plans to privatize state companies. “Whatever I can sell first, I will sell first,” he said. But he's holding off, for now, on the jewel in the crown: state-run energy company YPF. https://t.co/bZ51Cm1cos via @WSJ
#ARGWatch🇦🇷: Pres. @JMilei: DOLLARIZE NOW. Economy Minister Luis Caputo said that "dollarization is a goal of [Argentina’s] government and it will be done when the conditions are right.” THE CONDITIONS ARE RIGHT NOW. Caputo’s giving Milei bad advice. https://t.co/xlGfuLdbof
I was intrigued by this Milei comment on attracting foreign investment in this interview with @emmatuckerWSJ @DubeRyan: “We have to make a great effort to communicate so that they can see that this time we are serious, that this time is indeed different.” via @WSJ https://t.co/RfBdZUBo1t
“There is no Plan B,” Argentine President Javier Milei tells The Wall Street Journal as his moves to privatize state companies and slash government jobs and spending spur inflation and protests https://t.co/2CXcAb2xOA https://t.co/2CXcAb2xOA