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Argentina Economic Crisis: Javier Milei Warns 'There Is No Alternative to a Shock Adjustment'

Argentinian libertarian economist Javier Milei assumes office, cautioning in his inaugural address that a sharp, painful fiscal shock is inevitable to address the country's severe economic crisis, marked by inflation nearing 200 percent, the worst in decades. ....

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Javier Milei sworn in as Argentina's President, warns economic shock unavoidable

Libertarian economist Javier Milei was sworn-in as the new President of Argentina and warned in his maiden speech that he had no other option but to adopt harsh policies to fix the country's worst economic crisis in decades. ....

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Argentina needs to default, not dollarise

A Milton Friedman tribute act is not the answer to the country’s problems ....

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'It's A Crime': Argentinians March Against IMF despite Inflation Touching 109%

Argentinians argue that the deal between the IMF and Buenos Aires weakens the Argentinian Peso and threatens social security. ....

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Argentina moves away from US dollar for trade in Chinese currency

Argentina on Wednesday stepped up its efforts to de-dollarise its crisis-ridden economy as Buenos Aires announced that it will begin paying for Chinese imports in yuan instead of dollars.

While the move is seen in context of country's immediate need to save its dwindling dollar reserves, the Argentines have long deemed the US dollar as the one that drives their counterparts across the country "crazy", according to an Al Jazeera report published in September 2019.

This is because the Argentines make crucial transactions such as the ones in real estate, with dollars. ....

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