Get our news on your inbox! x

Remember me Forgot password

MercoPress, en Español

Montevideo, August 18th 2025 - 23:10 UTC

Tag: Javier Milei

  • Thursday, March 14th 2024 - 19:29 UTC

    S&P downgrades Argentina's rating in local currency

    Downgrading Argentina's foreign currency status will hinge on political developments affecting the economic policy, S&P explained

    Despite Argentine President Javier Milei's stringent measures to curb inflation, his country took another slump Wednesday after the international credit rating agency Standard & Poor's (S&P) declared it in “Selective Default” following a domestic debt swap worth some U$S 55.3 billion in pesos with local creditors.

  • Thursday, March 14th 2024 - 10:59 UTC

    Rift between Milei and Villarruel goes public over DNU Senate debate

    “The Executive Branch reaffirms its unwavering commitment to the 0% deficit, leaving behind the failed recipes of the political caste,” Milei said in a tone Villarruel disapproved of

    Argentine President Javier Milei Wednesday cautioned Vice President Victoria Villarruel and a group of Senators as they were about to debate the most encompassing emergency decree (DNU) 70/2023 which liberalizes the economy but needs Parliamentarian approval (or silence) to remain in force.

  • Wednesday, March 13th 2024 - 10:29 UTC

    Argentina: Inflation in February reaches 13.2%, according to Indec

    Prices went up above inflation projections, Adorni said in a press conference. Retailers foresaw a catastrophe that did not happen, he added

    According to a report from Argentina's National Institute of Statistics and Census (Indec) released Tuesday in Buenos Aires, the South American country's Consumer Price Index (CPI) went up 13.2% in February of 2024 for a yoy total of 276% amid notorious declines in industry, construction, and consumption.

  • Tuesday, March 12th 2024 - 21:42 UTC

    Venezuela blocks Argentine aircraft from its airspace in retaliation for cargo plane seizure

    In response to Argentina's actions, Venezuelan Foreign Minister criticized the “neo-Nazi government” of Argentina and accused it of piracy and robbery against Venezuela.

    Venezuela has announced the closure of its airspace to aircraft originating from or bound for Argentina, following the seizure of a cargo plane that was subsequently handed over to U.S. authorities. Venezuelan Foreign Minister Yván Gil declared, “Venezuela exercises full sovereignty in its airspace,” vowing that “no aircraft” from Argentina will be permitted to fly over Venezuelan territory until compensation is provided for damages caused by the seizure.

  • Tuesday, March 12th 2024 - 11:05 UTC

    Milei sacks official responsible for outrageous pay hike

    Yasín (right) learned about his dismissal from Milei's statement during a TV interview

    Argentine President Javier Milei Monday sacked Labor Secretary Omar Yasín following the scandal whereby a 48% pay hike decreed for Casa Rosada staffers ended up impacting the salaries of the head of state and all cabinet members. “He made a mistake he should not have made,” Milei argued about the lawyer stemming from the ranks of former President Mauricio Macri's PRO.

  • Monday, March 11th 2024 - 11:32 UTC

    Milei caught red-handed “increasing” his own salary by 48%

    Congresswoman Victoria Tolosa Paz broke out the new chapter in the political caste saga

    Just a few days after ordering Lower House Speaker Martín Menem to reverse his decision together with Vice President Victoria Villarruel to increase the wages of lawmakers by around 30%, Argentine President Javier Milei was forced to announce that he would do the same regarding a pay hike of around 48% he had decreed for himself and the members of his cabinet, it was reported in Buenos Aires during the weekend.

  • Friday, March 8th 2024 - 10:54 UTC

    Argentina: Libertarian gov't wants wage hike for lawmakers reversed

    Menem will seek to have the wage increase repealed as per Milei's instructions

    Argentina's Lower House Speaker Martin Menem admitted Thursday that a bill was to be submitted to backtrack on the resolution granting wage increases of nearly 30% to lawmakers amid strict austerity measures affecting most of the country's population, particularly the more vulnerable.

  • Thursday, March 7th 2024 - 10:32 UTC

    Two schoolchildren faint as Milei gives a speech

    Speaking about Communism always brings on problems, the president joked as two students fainted during his appearance at the Catholic school he and his sister attended

    Two students fainted Wednesday in Buenos Aires as Argentine President Javier Milei inaugurated the school year at the Cardenal Copello Catholic school in Buenos Aires, which he attended with his sister and current presidential secretary, Karina.

  • Thursday, March 7th 2024 - 10:17 UTC

    Argentine lawmakers from the “political caste” get wage increase

    Martín Menem hired his nephew as his personal assistant

    Argentine Vice President Victoria Villarruel as head of the Senate and Lower House Speaker Martín Menem agreed to increase the wages of lawmakers by nearly 30% effective from January 1, it was reported Wednesday in Buenos Aires.

  • Wednesday, March 6th 2024 - 10:55 UTC

    Argentina: Milei pledges to lower taxes soon

    Milei also pointed out that State expenditures were cut down 30% in January and another 36% last month

    Argentine President Javier Milei said Tuesday at the Expoagro 2024 rural event in the city of San Nicolás in the province of Buenos Aires that “by improving the fiscal numbers, the door would be opened for us to start lowering taxes.”