Argentina's President Javier Milei, 100 days into his term, has implemented significant public spending cuts in an attempt to address the nation's severe inflation issues. Despite these efforts, Milei faces challenges in passing his key economic reforms amid rising social tensions. The period has been marked by mixed outcomes, with inflation rates dropping yet poverty increasing, sparking both hope and concern among citizens. Violent protests have erupted in Buenos Aires against Milei's social cuts, leading to clashes between police and demonstrators, with police using rubber bullets and tear gas. The president's decision to devalue the peso by 50% has further exacerbated inflation, doubling gas prices and significantly increasing the cost of food and healthcare, with annual inflation surpassing 250%. Critics argue that Milei's radical austerity measures have devastated the economy and worsened living conditions for many. Despite these setbacks, some, including billionaire Paolo Rocca, hold high expectations for Milei's potential to boost Argentina's shale deposit development, particularly in Vaca Muerta, which could produce 1 million barrels of oil.
#Argentina’s Oilfield Billionaire Has ‘Lot of Hope’ for Milei Rocca says Vaca Muerta can produce 1 million barrels of oil His pipe company Tenaris would likely benefit from a build-out #oott https://t.co/uNniOK0Eas
Paolo Rocca, billionaire chief of oil-pipe maker Tenaris, says expectations are high that Javier Milei can turbo-charge development of Argentina’s shale deposits https://t.co/B0wyqIgjhk
Paolo Rocca, billionaire chief of oil-pipe maker Tenaris, says expectations are high that Javier Milei can turbo-charge development of Argentina’s shale deposits https://t.co/uXUzWCdXdm
Javier Milei is trying to steer Argentina down a dangerously narrow path. After 100 brutal days, he has markets believing. Argentines have not given up on him either https://t.co/Y9UFsbNM3S 👇
#ARGWatch🇦🇷: Pres. @JMilei has FAILED to follow through on his campaign promise to DOLLARIZE. In ARG, the most miserable country in Hanke’s 2023 Misery Index, it’s always the same story – “the blind leading the blind.” More in my latest w/ @davidlin_TV: https://t.co/YnzQ9xoEon
#FromTheSouth News Bits | Argentina: Libertarian President Javier Milei has completed 100 days in office and has already devastated the economy and worsened the lives of the majority to dramatic levels, according to different local and foreign media. https://t.co/YYfs1fPCUT
Argentina's President Javier Milei faces hurdles in implementing his radical austerity agenda amid opposition from lawmakers and rising social tensions. https://t.co/PhDW1dlA3T
Argentine president Javier Milei devalued peso by 50%, causing inflation rates to skyrocket further. Cost of gas has doubled. Food and healthcare prices have risen 50%. Annual inflation topped 250%. If you protest any of this, you will be met with rubber bullets and tear gas 👇 https://t.co/m4C6N3f1Nr
Argentina’s Javier Milei has battled everyone, but won little, in his first 100 days in power https://t.co/EfuSAEpvQ8
Police and demonstrators clashed in Buenos Aires as protests against social cuts by Javier Milei's libertarian Argentinian government escalated. The violence comes one hundred days into Milei's presidency. https://t.co/dOvio6ZAdz
With poverty rising and inflation dropping, the first 100 days of Javier Milei's presidency in Argentina have given cause for hope and concern. https://t.co/l3yNS0cCzJ
Success and setbacks: 100 days of Argentina’s Milei https://t.co/b5fksXgRMc
Argentina's President Javier Milei has succeeded in slashing public spending in the inflation-hit South American nation, but 100 days into the libertarian's tenure social tensions are high and he is still battling to pass his flagship economic reforms https://t.co/4OYJUTvge7 https://t.co/QS0HJEGcvt