Get our news on your inbox! x

Remember me Forgot password

MercoPress, en Español

Montevideo, April 22nd 2025 - 10:06 UTC

Tag: Javier Milei

  • Friday, February 21st 2025 - 10:55 UTC

    Milei brings Elon Musk a chainsaw as a present

    Elon was elated with Milei's gift

    Argentine President Javier Milei Thursday gave US Department of Government Efficiency (DOGE) Chief Elon Musk a chainsaw as a present representing that the South African-born tycoon was undertaking State spending cutoffs like the Libertarian leader did in the South American country.

  • Friday, February 21st 2025 - 09:43 UTC

    No signs of imminent IMF disbursement after Milei meets with Georgieva

    The IMF told Milei it was concerned about certain policies undertaken by the Argentine government

    Argentine President Javier Milei met Thursday with International Monetary Fund (IMF) Managing Director Kristalina Georgieva in Washington, D.C., to discuss the South American country's stabilization and growth plan and advance negotiations for a new loan.

  • Thursday, February 20th 2025 - 10:53 UTC

    Milei turns Banco Nación into a corporation

    It was Milei's last measure before departing for the United States

    Argentine President Javier Milei signed a decree transforming Banco de la Nación Argentina into a corporation in a move to facilitate its future privatization or allow private investors to join its capital. The bank currently has assets of US$ 48 billion, deposits of US$ 33 billion, and a net worth of US$ 15 billion.

  • Thursday, February 20th 2025 - 10:46 UTC

    Milei’s crypto scandal deepens, now involving his sister 'The Boss'

    Hayden Davis, a key figure in the Libra project, boasted in a text message that he had paid Karina Milei to influence the president’s actions

    The fallout from Argentine President Javier Milei’s involvement in a crypto scandal has expanded, now implicating his sister and closest adviser, Karina Milei. Allegations have surfaced that she was directly approached by those behind the controversial Libra memecoin, which skyrocketed and then collapsed after Milei endorsed it on social media.

  • Wednesday, February 19th 2025 - 10:58 UTC

    $LIBRA scandal: Milei's legal team yet to be appointed

    Despite the uproar, Milei plans to attend several events in the United States this week

    The Argentine Government explained Tuesday that Justice Minister Mariano Cúneo Libarona would not be stepping down to defend President Javier Milei in the so-called $LIBRA cryptofiasco. Instead, the Anticorruption Office as well as judiciary authorities would handle the investigations into the case, Spokesman Manuel Adorni said. “He is the Minister of Justice and is devoted to his specific functions in the Ministry,” Adorni stressed about Cúneo Libarona. Regarding Milei's legal counseling, he admitted that the team was yet to be appointed.

  • Tuesday, February 18th 2025 - 10:52 UTC

    Footage of Milei's interview twitched released

    I understand it can cause you a legal mess, Viale reckoned as the advisor stepped in

    Video footage of an advisor - believed to be Santiago Caputo - cutting President Javier Milei's interview with Jonatan Viale to have some inconvenient parts removed was leaked through X late Monday. “It can cause you a judicial mess,” Viale admits as he agrees to the interruption while the head of State sought to explain his side of the $LIBRA cryptocurrency scandal on TN in a friendly environment. The controversial part of the interview was aired live through YouTube.

  • Tuesday, February 18th 2025 - 01:04 UTC

    Milei takes full responsibility for $LIBRA scandal

    “I got a slap in the face,” Milei reckoned

    Weathering the storm against all odds, Argentine President Javier Milei blamed nobody and took full responsibility for his mistake in the so-called “cryptocurrency” scandal in which he endorsed the $LIBRA asset only to see it lose over 95% of its value in just a few hours after the head of state's posting. “I got a slap in the face,” he reckoned. It had been speculated that Milei was to blame an advisor for his or her poor judgment and then sack him or her as a scapegoat.

  • Monday, February 17th 2025 - 10:55 UTC

    Repercussions of Milei's support for cryptocurrency that vanishes

    The opposition is pushing for the President's impeachment in addition to filing criminal charges against him

    Argentine President Javier Milei is under heavy flak after praising the $LIBRA cryptocurrency token, which would boost the country's development from the private sector, only to vanish into thin air after many investors trusted in the advice of the head of State, who is also a graduate economist.

  • Saturday, February 15th 2025 - 21:06 UTC

    Argentine President Milei promotes crypto scam, then deletes endorsement

    Milei has previously been linked to crypto scandals. In 2021, he promoted CoinX, a company later accused of operating a pyramid scheme. Its executives were arrested in 2023.

    Argentine President Javier Milei has admitted to promoting the $Libra cryptocurrency, which skyrocketed in value before crashing within hours, leaving investors with heavy losses. Milei later deleted his post and claimed he was unaware of the project’s questionable nature.

  • Wednesday, February 12th 2025 - 14:34 UTC

    Argentina: Irregularities detected in key waterway concession process

    The government of Javier Milei launched the bidding process in November 2024

    Argentina's Administrative Investigations Prosecutor’s Office (PIA) has identified “serious irregularities” in the bidding process for the concession of the Paraná-Paraguay waterway, a crucial trade corridor for the region. The waterway is essential for exporting agricultural products from Argentina, Brazil, Bolivia, Paraguay, and Uruguay to the Atlantic.