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MercoPress, en Español

Montevideo, May 9th 2025 - 01:49 UTC

Tag: Javier Milei

  • Friday, May 17th 2024 - 11:59 UTC

    Argentina's industrial activity keeps dropping

    The sharp drop can be partly explained by last year's “soybean” dollar boosting sales abroad

    Despite victorious announcements from President Javier Milei's government, industrial activity in Argentina fell for the tenth consecutive month amid a growing loss of purchasing power. Interannually, a 17.2% drop was recorded after March's 4.7% decline. In addition, the first quarter of 2024 showed a year-on-year 11.7% slide.

  • Thursday, May 16th 2024 - 19:08 UTC

    Argentina needs to solve its exchange rate problem, IMF spokeswoman says

    Milei's government will need to evolve to keep its successful plan going, Kozack warned

    International Monetary Fund (IMF) Spokeswoman Julie Kozack said that Argentina needed to lift the exchange rate ceiling if the government were to protect the country's Central Bank reserves. Kozack's remarks during a press conference came a day after Economy Minister Luis Toto Caputo announced that the South American nation was on course to dollarization.

  • Thursday, May 16th 2024 - 10:58 UTC

    Argentina getting ready to dollarize its economy, minister says

    Argentina still needs to terminate the “stocks” holding the parity between the local peso and the US dollar, Caputo explained

    Argentine Economy Minister Luis 'Toto' Caputo said Wednesday that the Libertarian administration of President Javier Milei had that the Government has “everything ready for dollarization.” The “recovery is very close,” he added as the “blue” (a euphemism for “black market”) dollar bounced back after it became evident that the government would be unable to deliver on Milei's promise to have an agreement signed with the provincial governors by May 25.

  • Wednesday, May 15th 2024 - 16:58 UTC

    Milei celebrates inflation figures football-style

    Milei thanked Toto Caputo for the latest achievement

    Argentine President Javier Milei became overtly extrovert on social media Tuesday after the National Institute of Statistics and Census (Indec) announced that April's monthly Consumer Price Index (CPI) had stood at 8.8%. “GOOOOOOOOOOOOOOOOOOOL...!!!!,” he wrote in football-fan mode. Meanwhile, Presidential Spokesman Manuel Adorni said inflation had “its death certificate signed.”

  • Tuesday, May 14th 2024 - 10:49 UTC

    Man who threw bottle at Milei jailed for 3 and a half years

    The offender had a previous history of violence and was under the influence of alcohol during the attack

    A Buenos Aires court Monday validated a plea agreement with the prosecution whereby the man who threw a bottle at President Javier Milei's motorcade on inauguration day has been sentenced to three and a half years in prison. In the incident, the perpetrator nearly missed the head of state's head and hit a security guard instead.

  • Monday, May 13th 2024 - 10:55 UTC

    Milei and Lacalle Pou will meet eventually despite not sharing identical views, says Adorni

    Adorni represents the administration's views every morning during his press briefings

    Argentina's Presidential Spokesman Manuel Adorni said in an interview with Montevideo's El País that Presidents Luis Lacalle Pou and Javier Milei had different points of view regarding the State's role in each country's economy. The official also addressed the delay in materializing an encounter between both heads of state despite the short geographical distance separating them.

  • Saturday, May 11th 2024 - 10:43 UTC

    Wages trail inflation in Argentina under Milei

    Wages trail inflation in Argentina under Milei

    Inflation outpaced salaries in March by 11% to 10.3%, according to a report by Argentina's National Institute of Statistics and Censuses (Indec) released Friday in Buenos Aires. In yoy terms, the Wage Index increased by 200.8% on average (231.7% in the registered private sector, 183.7% in the public sector, and 129.2% in the informal private sector) and inflation was 287.9%, the survey showed. Hence, President Javier Milei's perception that salaries were recovering turned out inaccurate.

  • Friday, May 10th 2024 - 10:59 UTC

    Thursday's strike, a wake-up call to the Argentine authorities, CGT claims

    The government needs to change course or more general strikes will be called for, Daer warned

    After Thursday's general strike, Argentina's General Labor Confederation (CGT) said the measure should be as a “wake-up call to the authorities” who “must take note” of the scenario ahead. CGT co-leader Héctor Daer also mentioned that “we take note of the support” of the workers who have suffered a hefty wage reduction since President Javier Milei took office on Dec. 10, 2023.

  • Thursday, May 9th 2024 - 10:47 UTC

    Argentine President deepens support to Israel

    Argentina has suffered the cowardly attacks by the Iranian government, Milei highlighted

    During his appearance at a Holocaust Remembrance event in Buenos Aires on Wednesday, Argentine President Javier Milei ratified his allegiance to Israel and insisted that “in a battle between good and evil, taking sides is a moral obligation.” The Argentine leader also noted that while some countries “turn their backs on Israel”, Argentina will be “by its side, always firm.”

  • Thursday, May 9th 2024 - 10:17 UTC

    Second general strike against Milei under way

    The protest will be “forceful,” Pablo Moyano forecasted

    The Libertarian administration of President Javier Milei is going through the second general strike called for by the opposition General Labor Confederation (CGT) since it took office on Dec. 10, last year. The first such protest was staged on Jan. 24 with little success because at that time people were either on holiday or still enjoying their half-year bonuses that cushioned the predatory effects of Milei's measures on people's incomes.