News of analysis

From abyss to Olympus – and back down?

Today 06:49 For the time being, Javier Milei has been returned to the political Olympus, his reformist mandate restored, along with his energy. The question now is, where do we go from here?

by Agustino Fontevecchia

CAMPAIGN COMMENTS

Karina rules OK

Today 06:34 Karina Milei’s claim to the electoral laurels seems a slam dunk, but a different conclusion emerges once we look beyond the big picture to the provincial results.

by Michael Soltys

OPINION & ANALYSIS

Two abysses

05-11-2025 10:29 Society voted no twice. No to the future being offered by Milei (September) and no to the past offered by Peronism (October). Dissatisfaction with everybody. In not opting for the alternatives to polarisation, the voters gave an extra life to the government and Peronism. A respite.

by Jorge Fontevecchia

POLITICS – ANALYSIS

What to do with a problem like Cristina?

04-11-2025 13:58 For a decade now, Cristina Fernández de Kirchner and those aligned with her have been — fairly or unfairly — a negative symbol for a majority of society. Just as there is a hard core who respect or idolise her, there are broad sectors who would never again vote for any candidate backed by her.

by Gustavo González

ANALYSING ARGENTINA

Javier Milei superstar

01-11-2025 06:40 Winning the election saved the administration from making immediate and desperate corrections from a position of weakness, but it does not save them from making changes altogether.

by Marcelo J. García

Campaign comments

The colour purple

01-11-2025 06:10 Despite governing the province for 34 of the last 42 years, the Peronists ran up a hat-trick of national midterm defeats there last Sunday – in 2017, in 2021 and in 2025.

by Michael Soltys

ELECTION 2025: ANALYSIS

Two-faced Milei: a second chance, but also a risk for Argentina

01-11-2025 06:10 Will Milei take advantage of the opportunity he has been granted in order to pursue a constructive political and economic agenda? Or will he use his newfound power to double down on his plan with no corrections?

by Agustino Fontevecchia

MARKET REACTION

As Argentina surges back, peso shows limit to Milei euphoria

28-10-2025 10:46 Argentina officials have repeatedly said they aren’t planning on enacting any changes to the current exchange-rate policy. As trading wore on Monday, the currency steadily pulled back from its early morning surge.

ELECTION 2025: ANALYSIS

Why Argentines backed Milei in the midterm elections

27-10-2025 12:40 Javier Milei pulled off a stunning win in Sunday's midterm elections, boosting his flagging reform agenda. After two years of economic hardship, why did voters back the La Libertad Avanza leader at the polls?

ELECTION 2025: ANALYSIS

Voters hand Milei belated birthday present, post-mortem for Peronism overdue

27-10-2025 00:21 Peronism’s renovation is well overdue. It seems Argentines would much rather carry on along Milei’s path of uncertainty and sacrifice than go back to reach the future.

by James Grainger

ELECTION 2025: ANALYSIS

Electoral blank cheque – is the worst version of Milei yet to come?

26-10-2025 23:45 It was a victory that neither the polls nor the government itself predicted expected, but it carries a danger: with it. Will the President radicalise further after receiving this vote of confidence?

by Franco Lindner

Analysing Argentina

The midterms are over – can Milei reinvent himself?

25-10-2025 06:17 For more than a year, Milei invested too much energy and resources in an election that was not structurally designed to change much of his future. He only seems to have come to understand that in recent weeks, when it became clear that La Libertad Avanza will not turn into a hegemonic force overnight.

by Marcelo J. García

ELECTIONS 2025: ANALYSIS

Milei, the two Caputos and the two anchors

25-10-2025 06:08 Milei and the two Caputos have the path laid out for them. The “two anchors” that will give them a future are tied to applying the necessary adaptations to the economic policy plan and creating the conditions for circumstantial legislative majorities. This situation appears possible under any electoral scenario, even a potent Peronist victory.

by Agustino Fontevecchia

CAMPAIGN COMMENTS

151 shades of grey

25-10-2025 05:58 Voters are being asked to select not the next president but 127 deputies and 24 senators for which 217 lists are contending in the 23 provinces and this City with a total 1,648 candidates. The multiplicity of combinations arising from these numbers points to an infinity of results, each one of which would make the parliamentary negotiations lying ahead slightly different with no chance of any overall majority – 151 shades of grey.

by Michael Soltys

As I see it

Most countries are on death row

24-10-2025 21:07 Unless demographic trends change abruptly in the very near future, many other countries will precede Argentina on the path into the unknown.

by James Neilson

Funds and bonds

Bessent steps in to protect profits of friendly investors in Argentina

22-10-2025 17:03 US Treasury Secretary Scott Bessent comes to the rescue of hedge funds including BlackRock, Fidelity, Pimco and Discovery Capital Management, all of which bought Argentine bonds. Several fund managers share a professional past with the US official.

POLITICS & FOREIGN POLICY

Viceroy Bennett and US intervention in Argentina

21-10-2025 15:58 Lobbyist hired by the SIDE intelligence services became executor of Trump’s will in Argentina. Secret meetings, legal troubles and his partnership with businessman Leonardo Scatturice.

by Rodis Recalt

ANALYSIS

On raucous outsiders and statesmen

18-10-2025 06:47 The Milei administration has shown time and time again they lack the capacity to build sustainable political alliances and that stubbornness on the economic front has led to the repetition of mistakes from the recent past. The President has shown that when political momentum is on his side, he abuses good fortune to castigate political opponents and preach cultural war.

by Agustino Fontevecchia

ANALYSING ARGENTINA

Yankees come home

18-10-2025 06:26 Exactly 20 years ago next month, Washington silently retreated from the region. Now it’s coming back, in full swing.

by Marcelo J. García

CAMPAIGN COMMENTS

Trump card or joker in the pack?

18-10-2025 06:15 Milei’s government is confident of success in only seven of Argentina's 24 districts but this fails to point out that fears of defeat are also only limited to seven provinces, with the other 10 up in the air.

by Michael Soltys

POLITICS & ECONOMY

Great expectations as Milei jets to Washington for Trump meeting

13-10-2025 22:39 President Javier Milei travels to Washington to meet Donald Trump with markets anticipating announcements and progress towards a trade deal.

Analysis

Investment or political marketing? Analysing OpenAI’s Argentina announcement

11-10-2025 09:36 Announcement by President Javier Mileil’s government of plans to create a mega AI data centre in Patagonia raises questions about its feasibility and geopolitical aims.

POLITICS & CORRUPTION

Espert for President!

11-10-2025 06:00 José Luis Espert’s fall from grace was dramatic, portentous. In just a few weeks, he went from one of the pillars of Javier Milei’s government to a political outcast.

by Agustino Fontevecchia

CAMPAIGN COMMENTS

‘Panic Show’ name of the game

11-10-2025 06:00 We are told that the choice is “libertad or kirchnerismo” but neither libertarians nor Kirchnerism will be able to do very much with the 110 of the 257 seats accruing to whoever wins – Argentina’s middle ground has far less seats than Brazil’s "centrão" but could carry equivalent clout.

by Michael Soltys

POLITICS & CORRUPTION

Espert and Machado’s murky history

08-10-2025 12:27 How the government’s main candidate in Buenos Aires Province became tainted by campaign contributions of dubious origin.

by Rodis Recalt

POLITICS

Rebellion in Milei’s inner circle forced Espert’s exit

06-10-2025 17:34 Milei’s entourage was unanimous and left the President with no choice. Why he clung to his candidate until the last moment – and what “the Professor” knows.

by Franco Lindner

POLITICS & CORRUPTION

Espert's dirty financing

04-10-2025 06:45 On José Luis Espert’s ties with a suspected drug dealer and the libertarian obsession with coin.

by Agustino Fontevecchia

CAMPAIGN COMMENTS

A spooky Halloween earlier this month?

04-10-2025 06:38 To lay any claim to a positive result, pundits suggest that Milei would need to be the leading minority with at least 35 percent of the vote. The first objective looks like a done deal since LLA is the only nationwide contender.

by Michael Soltys

ANALYSING ARGENTINA

What comes after Javier Milei?

04-10-2025 06:22 The six governors who form the Provincias Unidas group are working on the assumption that Milei will not have a second term, just like his two predecessors. The question is what comes next?

by Marcelo J. García

As I see it

Milei gets a second chance

27-09-2025 06:50 Like dei ex machina, two of the world’s most powerful men decided to step in and save Argentina from the unhappy fate it was plunging towards.

by James Neilson

ANALYSING ARGENTINA

How many more rabbits can Milei pull out?

27-09-2025 06:38 Markets don’t vote, at least not on election day. The fate of the Milei programme will be determined by what the government does from now on.

by Marcelo J. García

Campaign comments

The future’s not ours to see

27-09-2025 06:25 Mayoral tails wagged gubernatorial and presidential dogs in Buenos Aires Province but next month’s midterms stand to be genuinely, not synthetically national with the state of the economy and the quality of governance deciding votes.

by Michael Soltys

POLITICS – ANALYSIS

Milei: From rockstar to beggar

27-09-2025 06:05 Milei has gone from international political rockstar to beggar in less than two years, following a similar trajectory to Mauricio Macri – only that the latter got bailed out after winning the midterm elections.

by Agustino Fontevecchia

WASHINGTON'S RESCUE PACKAGE

Bessent puts US money at risk in US$20-billion Argentina backstop

26-09-2025 11:02 US$20-billion lifeline for Argentina could carry risks for US taxpayers.

ECONOMY – ANALYSIS

Milei’s peso is 20% overvalued and fragile, analysts say

23-09-2025 14:06 Investors and analysts agree that, to one degree or another, the peso needs to drop.

POLITICS – ANALYSIS

‘Golden boy’ Milei is beginning to look like Chile’s Boric

20-09-2025 06:34 The self-proclaimed first anarcho-capitalist president in world history is under siege. A tough defeat in local elections in Buenos Aires Province laid bare a situation of absolute precariousness, with both markets and the political class testing his resolve.

by Agustino Fontevecchia

CAMPAIGN COMMENTS

The lion sleeps tonight

20-09-2025 06:31 Milei actually polled a higher percentage in Buenos Aires Province this month than in BA City last May, yet the former is unanimously deemed an unmitigated disaster while the latter was a resounding triumph.

by Michael Soltys

Analysing Argentina

Wake Milei up when September ends

20-09-2025 06:25 Both the economy and the politics of the country are telling President Milei he cannot fly solo anymore.

by Marcelo J. García

ANALYSIS

Vaca Muerta overtakes agriculture – and it will finance Argentina’s future

20-09-2025 06:21 The political weight of the oil industry is surging. With a record energy export surplus and rising, the Vaca Muerta formation is shaping up to be the country’s main source of foreign currency. Businessmen, governors and lawmakers all agree that shale deposits will be a major factor in economic stability, with investments and projects transforming the map.

by Carlos Burgueño

ELECTION 2025: ANALYSIS

How Milei raised the bar and paid the price in Buenos Aires Province

13-09-2025 06:54 The market and the political ecosystem, seems to have recalibrated its expectations, putting further financial pressure on the government.

by Agustino Fontevecchia

As I see it

Milei gets his comeuppance

13-09-2025 06:44 It should have been quite easy for Milei to build a broad enough coalition. But instead of making an effort, egged on by Karina, he decided to go it alone.

by James Neilson

ANALYSING ARGENTINA

The end of Milei’s single-issue government

13-09-2025 06:30 Until now, the Milei administration has been a single-issue government, working under the notion that a fiscal surplus will fix the country’s entire problems. The public does not seem to be OK with that anymore.

by Marcelo J. García

Campaign comments

Blast from the past

13-09-2025 06:09 Last Sunday’s election was very much the mayoral tail wagging the dog and here we’re not just talking about Greater Buenos Aires Peronist “barons” – almost the only successes of third parties came thanks to the PRO mayors bucking the Milei alliance, proving mayoral clout beyond the general trend.

by Michael Soltys

ECONOMY – ANALYSIS

Argentina let peso plunge and then stepped in to contain losses

12-09-2025 11:13 Milei administration allowed peso to weaken this week, while simultaneously moving to prevent the rush out of the currency from turning into a stampede.

OPINION & ANALYSIS

Ex-Peronist politicians at heart of La Libertad Avanza’s defeat in BA Province

11-09-2025 15:08 Ruling party’s leader in the district, Sebastián Pareja, and Moreno mayoral candidate Ramón Vera are Peronists who made themselves indispensable for the Mileis in the Buenos Aires Province structure. Yet theylost out in an election which the government had presented as a key test of national governance.

by Juan Cruz Soqueira

ELECTIONS 2025: BUENOS AIRES PROVINCE

Election analysis: Peronism scores wins in districts for first time in 20 years

10-09-2025 13:44 Fuerza Patria finished top in the Second and Fourth Sections of Buenos Aires Province; La Libertad Avanza claimed victory in only two, the Fifth, centred on Mar del Plata, and the Sixth, with Bahía Blanca the main city.

ANALYSIS: SHOCK THERAPY

Axel fuels investor fear after Milei’s big loss

10-09-2025 13:14 For investors, the anti-Milei has emerged – and he is worsening market jitters in Argentina.

ELECTIONS 2025: ANALYSIS

Brow-beaten Milei nears Argentina's 'third year' syndrome

08-09-2025 20:48 Milei is still around 90 days short of the start of his third year, but the defeat in the Buenos Aires Province election means the countdown to the nationwide October 26 midterms is on.

by Jorge Fontevecchia

ELECTION 2025: ANALYSIS

Kicillof cements role, can now eye 2027 presidential run

08-09-2025 01:07 Governor took the risk of pursuing an unprecedented path of autonomy – his decision to decouple the provincial elections leaves him strengthened.