
Argentine President Javier Milei will not be traveling to Asunción for the upcoming Mercosur Summit in the Paraguayan capital on July 8 in a move to avoid meeting face-to-face with his Brazilian colleague Luiz Inácio Lula da Silva, whom he dubbed a corrupt Communist during his campaign last year and who insists an apology is in order. Last week the Argentine leader claimed there was nothing to be sorry for and that he would not go back on telling the truth. Foreign Minister Diana Mondino will represent Milei at the regional bloc's gathering.

Team Falklands, which recently visited the Caribbean, United States, and United Nations in New York and Canada felt they came across a new attitude towards peoples' right to self-determination, mostly privately, which anyhow did not prevent overwhelming support for Argentina's colonial claim over the Falkland Islands at the C24 meeting, or a repeat of such situation at the Organization of American States, OAS, annual assembly, held in Paraguay.

Former Argentine President Cristina Fernández de Kirchner (2007-2015 / CFK) said during an interview on the internet streaming channel Gelatina outside mainstream media that the Liberal administration's fiscal surplus is increasingly trumped up.

Argentina's Lower House passed after 1.30 am Friday by 147 votes to 107 and 2 abstentions the so-called Bases Law bill granting President Javier Milei the tools he claims to need to rescue his country from her plight. The initiative had already been greenlighted but came back from the Senate with a series of modifications that needed further approval. Now the bill is ready to be signed into law by the executive, marking the Libertarian administration's first parliamentarian achievement after over six months.

Brazilian President Luiz Inácio Lula da Silva insisted that he was not talking to his Argentine counterpart Javier Milei until the latter apologized to him and his country for his derogatory remarks during last year's campaign in which the Libertarian leader spoke of a “corrupt Communist” while remaining close to Lula's adversary and then incumbent Jair Bolsonaro.

Next month, from Thursday, July 4th to 8th, the Mercosur pro tempore presidency will be handed by Paraguay to Uruguay, at the capital Asunción during the regional presidential summit. On the occasion, Paraguayan president Santiago Peña will be giving the Mercosur presidency to Uruguay's Luis Lacalle Pou. Still, it will be interesting to see how leaders of the two major members, Argentina's ultra-liberal Javier Milei and Brazil's populist Lula da Silva, who are not on talking terms, will approach circumstances if they effectively attend the summit.

While Argentine President Javier Milei tours the world boasting his administration's success in curbing inflation, local reports underscore deteriorating living conditions for most people in his country which seems to be heading for hyper-recession.

Following Argentina's two-year worst drought in a century with agriculture production and exports plummeting, causing a shortfall of at least US$ 20 billion in foreign currency revenue, the country's industry is expecting an excellent harvest in 2024/25.

Argentine President Javier Milei Monday said from Prague that he would “probably” be awarded the Nobel Prize for “rewriting economic theory” with his administration's alleged achievements rescuing the South American country from hyperinflation and getting it back on track. Besides his political engagements with the Czech authorities, Milei's presence in town sparked another controversy regarding a new accolade he was presented after the organization allegedly behind the distinction said it had nothing to do with it.

Argentine President Javier Milei met this weekend in Berlin with German Chancellor Olaf Scholz in what became his first encounter with a foreign leader not akin to his rightwing philosophy. Nevertheless, both leaders discussed the trade agreement between the European Union (EU) and Mercosur and Argentina's bid to join the Organization for Economic Cooperation and Development (OECD).