Argentine President Javier Milei is expected to lift currency controls soon as his economic team works on the central bank's balance sheet. Milei's radical economic reforms have sparked optimism in Argentina, leading to public support and avoiding social unrest. Despite concerns of irrational exuberance, Milei's promises have been kept, maintaining calmness in the country. However, criticism arises as nearly 60% of Argentines are in poverty due to Milei's failure to dollarize the economy. Argentina has seen a fourth month of fiscal surplus under Milei, although the margin has narrowed.
Argentina posts fourth month of fiscal surplus under Milei, but margin narrows https://t.co/u07i257MRf https://t.co/POiQ1kWNdx
🇦🇷 The president’s revolution is less Thatcherite than his rhetoric would suggest Read the special dispatch here👇 https://t.co/mIX04FCh6c https://t.co/gO5wwbvmHJ
#ARGWatch🇦🇷: WSJ's @DubeRyan reports that Pres. @JMilei "is causing deep economic pain... Nearly 60% of Argentines are now living in poverty." Why? Because Milei failed to DOLLARIZE -- a wise policy that is, contrary to Milei's assertions, perfectly feasible.
🇦🇷 The president’s revolution is less Thatcherite than his rhetoric would suggest https://t.co/Dl2BnZbevC
In a country, “polarized and prone to protest, analysts were bracing for an explosive public reaction,” I wrote in @WPReview. “But a funny thing happened on the way to the social uprising. Six months into Milei’s radical experiment in economic reform, everything is pretty calm.” https://t.co/TwNQpmKaNc
“Given the dire straits, Javier Milei’s election victory was not all that surprising,” I wrote in @WPReview. “What was unexpected is what happened next: He has kept his dramatic promises and so far has maintained public support as well.” https://t.co/zY2DIENiqM
Something unfamiliar is spreading in Argentina: optimism. The impact of President Javier Milei’s dramatic economic reforms has exceeded expectations, so much so that, given the scale of the challenge ahead, there’s now a risk of irrational exuberance. https://t.co/phnomK46SM
Historically, “Argentina is where optimism goes to die,” I wrote in @WPReview, but not these days, as a new president carries out “a radical experiment in economic reform” while (so far) maintaining public support and avoiding social unrest. https://t.co/9Nq1XxCbOH https://t.co/9rAqlv8bMl
Argentine President Javier Milei sees his government lifting currency controls very soon as his economic team works to clean up the central bank’s balance sheet. https://t.co/8AqqER5Mb4