Argentina's National Institute of Statistics and Census (Indec) announced Thursday that the Consumer Price Index (CPI) had grown 4.2% in May, which was celebrated by the Libertarian administration of President Javier Milei as another sign of a slow victory over inflation despite the 71.9% recorded in the first five months of 2024 and the 276.4% yoy.
After reaching the presidency of Argentina on diatribes against lefties and Communists, it was reported Thursday in Buenos Aires that Javier Milei would be traveling to Beijing for a meeting on July 4 with Xi Jinping, who insisted on the South American leader's presence for the signing of the extension of a US$ 5 billion currency swap that saved the Libertarian administration from maturities this month and the next.
After a day of good news following the Senate's broad approval of the Bases Law bill in addition to an arrangement with China to extend the currency swap in force, Argentine President Javier Milei and his entourage left for Borgo Egnazia, Italy, to attend the G7 Summit, during which he plans to hold talks with Prime Minister Giorgia Meloni, French President Emmanuel Macron and International Monetary Fund (IMF) Managing Director Kristalina Georgieva, among other world leaders.
Residents and natives of the Argentine capital - known collectively as porteños- took to the streets of Buenos Aires on Wednesday evening banging pots and pans to protest against the Senatorial broad approval of the Libertarian Administration's Bases Law bill in addition to the police repression outside Congress against demonstrators earlier on.
Vice President Victoria Villarruel tipped the scale in favor of Argentina's Libertarian administration when she cast her affirmative vote breaking the 36-36 tie at the Senate for the broad passing of the Bases Law bill the government claims to need to rescue the country from its economic plight. Itemized voting went on during the wee hours of Thursday.
Argentine President Javier Milei said Wednesday morning that they will have to take me out of the [Casa] Rosada dead if they are to break the fiscal deficit. The Libertarian leader made those remarks during his speech at an event in Buenos Aires ahead of his trip to Italy to attend the G7 Summit. ”We are going to make a bigger reform than the one made by Carlos Menem because ours is three times more (so),” he added.
Argentine President Javier Milei sparked controversy once again Thursday when an interview he gave last week to the news site The Free Press during his trip to the United States was aired. He said he loved “being the mole inside the State” who was to destroy it “from the inside,” thanks to which his country would become a paradise.
After contradicting rumors circulating in Buenos Aires over the past few days, it was reported that President Javier Milei would attend the G7 Summit in Italy, in addition to a trip to Spain.
Argentine President Javier Milei dawned quite verbacious Wednesday after the Lower House passed Tuesday a bill to increase the wages of senior citizens which are also lagging behind the country's inflation and other price adjustments announced for the coming days: I will veto everything, I don't give a damn, said Milei, who also insisted he would stand by his administration's zero fiscal deficit policy.
The Organizing Committee of Argentina's Gay Pride March issued a statement on its social media condemning recent statements from Worship Secretary Francisco Sánchez while accompanying President Javier Milei on his Spanish tour which included a stop at a get-together of far-right political forces hosted by Vox and where the South American leader delivered a speech that resulted in Madrid's Socialist administration pulling its ambassador from Buenos Aires.