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Two months into Javier Milei’s presidency, his quest to overhaul Argentina’s economy and tame triple-digit inflation has swerved off track.
It isn’t just that Congress rejected his administration’s request for expanded executive powers — a key element of his plan — but it’s the way he responded, hastily shelving the bill and then lashing out at those who voted against him as government bonds plunged in international markets. Milei’s press office sent out a list of 61 legislators who undermined his bill with the label “those who voted against the people.” It’s a move, political analysts say, that will only further strain the rapidly deteriorating relations between Milei and the parties he needs to push through his agenda.
It all “speaks volumes about the government’s political inexperience,” said Jimena Blanco, the chief analyst at consulting risk firm Verisk Maplecroft. “The initial willingness of certain opposition blocs to negotiate and collaborate with the executive has been eroded.” Where does he go from here?
It isn’t just that Congress rejected his administration’s request for expanded executive powers — a key element of his plan — but it’s the way he responded, hastily shelving the bill and then lashing out at those who voted against him as government bonds plunged in international markets. Milei’s press office sent out a list of 61 legislators who undermined his bill with the label “those who voted against the people.” It’s a move, political analysts say, that will only further strain the rapidly deteriorating relations between Milei and the parties he needs to push through his agenda.
It all “speaks volumes about the government’s political inexperience,” said Jimena Blanco, the chief analyst at consulting risk firm Verisk Maplecroft. “The initial willingness of certain opposition blocs to negotiate and collaborate with the executive has been eroded.” Where does he go from here?