STORY: Shoppers are no longer flocking to buy cheap imports from this once-bustling town on Paraguay’s border with Argentina. For years, the weak peso kept prices low for fuel, medicine and groceries, all smuggled across the frontier. But with a rare mix of Argentina’s near 300% inflation and a propped-up peso under libertarian President Javier […]
By Daniela Desantis and Lucinda Elliott NANAWA, Paraguay (Reuters) – Paraguayan shoppers used to flock in their droves to the border town of Nanawa to buy cheap imports from Argentina, where the weak peso currency for years kept relative prices low for fuel, medicine and groceries smuggled in across the frontier. Now Nanawa is a […]
MADRID (Reuters) – Spain recalled its ambassador to Buenos Aires for consultations on Sunday after Argentina’s President Javier Milei made derogatory comments about Spanish Prime Minister Pedro Sanchez’s wife during a far-right rally in Madrid. Milei had called Sanchez’s wife Begona Gomez “corrupt” during a rally in Madrid organised by the far-right Vox party and […]
BUENOS AIRES, Argentina (AP) — When interviewed about his plans after a shock electoral victory last fall, Argentina’s President-elect Javier Milei gave his go-to answer in a blink: “To exterminate inflation.” “After that …” he trailed off, as though searching for anything else that could possibly matter. “Life,” he said, shrugging. Driven by a single-minded […]
Javier Milei won elections last November vowing to reduce Argentina’s deficit to zero (Juan Mabromata) Argentina’s spending-slashing new President Javier Milei has hailed his country’s first quarterly budget surplus since 2008 as an “historic achievement.” In the first quarter of 2024, the South American country recorded a budget surplus of about 275 billion pesos (some […]
By Horacio Soria and Miguel Lo Bianco BUENOS AIRES (Reuters) -Argentina’s government is bullish that its measures to cool one of the world’s highest inflation rates are working. Shoppers, however, aren’t yet fully convinced. The South American nation is battling inflation that is running on an annual basis near 290%, and which clocked in at […]
BUENOS AIRES, April 10 (Reuters) – Argentina’s government has circulated a pared back version of its sprawling omnibus reform bill to lawmakers and governors after Congress rejected it earlier this year, a spokesperson for President Javier Milei said on Wednesday. The bill, which includes plans to privatize state entities and measures to allow reductions in […]
BUENOS AIRES (Reuters) – Argentina’s government has circulated a pared back version of its sprawling omnibus reform bill to lawmakers and governors after Congress rejected it earlier this year, a spokesperson for President Javier Milei said on Wednesday. The bill, which includes plans to privatize state entities and measures to allow reductions in state subsidies, […]
BUENOS AIRES, Argentina (AP) — Argentina said Wednesday that it had cut 15,000 state jobs as part of President Javier Milei’s aggressive campaign to slash spending, the latest in a series of painful economic measures that have put the libertarian government on a collision course with angry protesters and powerful trade unions. Presidential spokesperson Manuel […]
BUENOS AIRES, Argentina (AP) — Argentina said Wednesday that it had cut 15,000 state jobs as part of President Javier Milei’s aggressive campaign to slash spending, the latest in a series of painful economic measures that have put the libertarian government on a collision course with angry protestors and powerful trade unions. Presidential Spokesperson Manuel […]
BUENOS AIRES (Reuters) – Argentine President Javier Milei said on Friday he would send a new package of bills to Congress, nearly a month after lawmakers rebuffed his so-called “omnibus bill” which would have carried out sweeping reforms. Milei, speaking to lawmakers in a state-of-the-union style address, laid out several of the proposals in the […]
BUENOS AIRES, Argentina (AP) — Hundreds of flights were canceled and dozens of others rescheduled in Argentina on Wednesday as unionized air travel workers went on a 24-hour strike nationwide to demand better wages, in the latest sign of social unrest in the South American country. Most of the country’s more than 50 airports remained […]