News of analysis

Intelligence services adrift and under uncertain leadership

Yesterday 17:05 In a region beginning to convulse due to the presence of United States troops in the Caribbean, with a latent threat from Iran against the country, the reshuffle at Argentina’s SIDE intelligence services once again lays bare an agency riddled with internal strife.

by Walter Curia

Politics & football

‘Tiny’ Tapia follows in the footsteps of ‘Don Julio’

06-12-2025 06:37 Tapia and the AFA scandal sit at the centre of a web of connections looping in almost the entire political ecosystem. It is under scrutiny by investigative journalists and the Judiciary, with the United States also paying attention.

by Agustino Fontevecchia

CAMPAIGN COMMENTS

And so it (almost) ends

06-12-2025 06:00 Quite apart from the uncertainties over Lorena Villaverde’s Senate entry, Congress has been the scene of musical chairs with its first minority changing in the course of this week.

by Michael Soltys

MARKETS & DEBT

Argentina readies return to foreign bond market

03-12-2025 15:46 Argentina, the serial defaulter, wants to return to international bond markets; Approval of labour and tax reforms by new Congress could be the trigger.

ANALYSING ARGENTINA

The tectonic fracture of Argentina’s economy

29-11-2025 05:20 This is a game-changer for Argentina’s economy, anticipated for years and slowly happening. Milei has contributed to this outcome, but it is not solely the result of his actions. He is, however, the President that – if he does things right – will benefit from it.

by Marcelo J. García

CAMPAIGN COMMENTS

Disunited provinces II

29-11-2025 05:13 La Libertad Avanza won in 15 of 23 provinces, including the largest, with Tucumán the most important outside the fold. Opposition candidates only enjoyed a clear lead in half their provinces won, although LLA margins were extremely slender in four of their 15 victories, including the main prize of Buenos Aires Province.

POLITICS – ANALYSIS

High corruption in Argentina

29-11-2025 05:00 Two years into Javier Milei’s Presidency, there is a growing sense of impunity that by no means is his sole responsibility. It is reminiscent of moments of high corruption such as those seen in the latter Kirchnerite years.

by Agustino Fontevecchia

OPINION & ANALYSIS

Nothing to see here

26-11-2025 12:32 Milei's honeymoon moment – the election result in October – cooled the overheated mood in society, the media and among the political elite.

by Javier Calvo

OPINION & ANALYSIS

Milei, Thatcher and the English Mamdani

25-11-2025 12:51 Zack Polanski – an environmental activist, gay, vegan and former actor – is gaining ground among young voters in the UK, making Britain’s Labour Party nervous as it watches Nigel Farage’s far-right Reform Party grow.

by Jorge Fontevecchia

POLITICS

UCR enters a critical moment with the party’s future at stake

24-11-2025 21:27 UCR National Committee will be renewing its leadership next month. Tensions reflects level of infighting among different provincial tribes, torn between those governors maintaining a good relationship with the Casa Rosada and those who seek to keep their distance.

by Ezequiel Spillman

Campaign comments

Disunited provinces

22-11-2025 06:51 Looking at inland Argentina is far from irrelevant since tax reform is high on the list of President Javier Milei’s priorities with negotiating the revenue sensitivities of provincial governors perhaps the biggest obstacle there.

by Michael Soltys

ANALYSIS

Crime, economic woes push South American voters to right

18-11-2025 15:36 Reasons why South Americans are electing right-wing candidates this year differ in each country, but they’re all driving the region in the same political direction.

ECONOMY – ANALYSIS

Milei scores Trump trade deal that will test closed economy

15-11-2025 09:11 Pact adds to the Trump administration’s tens of billions of dollars in financial support for its ideological ally and delivers on Milei's promise to voters to secure such a deal.

POLITICS – ANALYSIS

Libertarian bliss and Macri’s shadow

15-11-2025 05:40 Macri felt invincible in the aftermath of the 2017 midterm victory, as does the President today. But hubris is a dangerous ailment for victorious politicians.

by Agustino Fontevecchia

Campaign comments

The City and the Senate

15-11-2025 05:05 While the government’s overall midterm triumph represented a huge shift from gloomy pre-electoral expectations, this city’s results did not show that much change from last May’s local voting.

by Michael Soltys

ANALYSIS: SHOCK THERAPY

Milei keeps the peso from driving huge price hikes

12-11-2025 10:59 Shoppers increasingly stick to essentials and foot traffic is thinning, limiting the ability of businesses to raise prices.

POLITICS – ANALYSIS

From abyss to Olympus – and back down?

08-11-2025 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

08-11-2025 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