Argentina’s Polarization Threatens Milei’s Pro-Market Agenda
Despite entrenched opposition, the administration hopes Congress will approve key reforms and the EU-Mercosur trade agreement.
BUENOS AIRES – As Argentina prepares for the March 1 opening of Congress, President Javier Milei is flying high. Buoyed by President Donald Trump’s $20 billion bailout and a strong performance in the midterms last October, he commands a congressional bloc large enough to fend off unfavorable legislation and drive his pro-market agenda. But in Argentina, euphoria can turn into panic in the blink of an eye, and there is reason for caution in the coming months. With Milei in his third year in office, inflation remains under control—though it has risen again for five consecutive months...
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