Argentinian President Javier Milei has announced a series of measures aimed at deregulating the country's economy, with a particular focus on the mining sector, including lithium and copper industries. Milei's administration is seeking to create an investment bonanza by cutting red tape and reducing costs for miners. Additionally, Milei has introduced a 'shock plan' to stabilize the Argentinian financial system and combat collectivism. The plan includes freezing the money supply and balancing the budget to address the country's inflation issues, which saw a 25% monthly inflation rate just before Milei took office. In response to these aggressive reforms, the banker's union has announced a national strike, and numerous bankers have protested the deregulation efforts, indicating a significant pushback from the financial sector. These measures have been issued through an executive order.
Argentinian bankers have come out en masse to protest Javier Milei’s deregulation reforms. This is how you know he’s doing the right thing. https://t.co/ZWn6D3WWGb
#Argentina's President @JMilei Issues Major Deregulation Measures via Executive Order #Deregulation https://t.co/ub7iayV0F2
Milei shows the inflation trend to prove hyperinflation is ahead for Argentina has he not begun his shock plan. 25% monthly inflation right before he took office. He says the only solution is to immediately freeze the money supply and balance the budget. https://t.co/qFb9mQ6pHn
The fact that bankers are protesting in favor of regulations is extremely telling. https://t.co/EpXYyYq3aB
Milei looks to cut costs for Argentina’s miners in broader deregulation push - https://t.co/UwUOP0noCQ https://t.co/3f8rnjCed5
"Those ideas that failed in Argentina... have failed throughout the planet, because everywhere they've been tried they've been an economic failure, a social failure, a cultural failure. And on top of that, it has cost the lives of millions..." Bold Javier Milei speech; love it! https://t.co/grpjenwEru
Argentinian President Javier Milei announces "shock plan" to stabilize Argentinian financial system & root out "collectivism." https://t.co/GhTY7H0xOn
President Milei wants to turn Argentina’s lithium and copper rush into an investment bonanza — starting with cutting red-tape, @jongilbert9 reports https://t.co/ABVwZz6H5y
President Javier Milei wants to turn Argentina’s lithium and copper rush into an investment bonanza — starting with cutting red-tape https://t.co/y6EVeWyghj
The banker's union is joining the call for a national strike against Milei. See? He upset all the right people. https://t.co/5fTxWqFyZ5
When it seems like Javier Milei might actually follow through and deregulate https://t.co/m7sPsIgwjD