Milei's shock therapy for Argentina: Economic miracle or mirage?

France 24Friday, October 10, 2025 at 12:48:04 PM
Milei's shock therapy for Argentina: Economic miracle or mirage?
As Javier Milei nears his third year as president of Argentina, questions arise about the so-called 'Argentina miracle' he has touted. With midterm elections approaching on October 26, a deep dive into the country's economic situation is essential. Insights from Juan Ignacio Carranza, a lead analyst at Aurora Macro Strategies, shed light on whether the economic changes are genuine improvements or merely illusions. This analysis is crucial for voters and investors alike, as it could shape the future of Argentina's economy.
— Curated by the World Pulse Now AI Editorial System

Was this article worth reading? Share it

Recommended Readings
US buys Argentine pesos, finalises $20 billion currency swap framework
PositiveWorld Affairs
The United States has taken a significant step by purchasing Argentine pesos and finalizing a $20 billion currency swap framework with Argentina's central bank. This move, announced by US Treasury Secretary Scott Bessent, comes at a crucial time as Argentina faces economic challenges under President Javier Milei, who is closely aligned with Donald Trump. The support aims to stabilize Argentina's economy following recent electoral setbacks, highlighting the US's commitment to fostering economic stability in the region.
US buys Argentine pesos, finalises $20 billion currency swap framework
PositiveWorld Affairs
The United States has taken a significant step by purchasing Argentine pesos and finalizing a $20 billion currency swap framework with Argentina's central bank. This move, announced by US Treasury Secretary Scott Bessent, comes at a crucial time as Argentina faces economic challenges under President Javier Milei, who is closely aligned with Donald Trump. The support aims to stabilize Argentina's economy following recent electoral setbacks, highlighting the US's commitment to fostering economic stability in the region.
Defensive, wily and intense, Ecuador aims to make 2026 World Cup its best
PositiveWorld Affairs
Ecuador is gearing up for the 2026 World Cup with a strong performance in the qualifiers, highlighted by a significant victory over Argentina. This win not only showcased their depth and defensive skills but also marked a milestone for Enner Valencia, who scored the decisive penalty in his 100th match. As they prepare for the tournament, Ecuador's confidence is high, and their recent success could make them a formidable opponent on the world stage.
Defensive, wily and intense, Ecuador aims to make 2026 World Cup its best
PositiveWorld Affairs
Ecuador is gearing up for the 2026 World Cup with a strong performance in the qualifiers, highlighted by a significant victory over Argentina. This win not only showcased their depth and defensive skills but also marked a milestone for Enner Valencia, who scored the decisive penalty in his 100th match. As they prepare for the tournament, Ecuador's confidence is high, and their recent success could make them a formidable opponent on the world stage.
US buys Argentinian pesos, finalises $20bn currency swap, says US Treasury
PositiveWorld Affairs
The US Treasury has finalized a significant $20 billion currency swap with Argentina, a move that underscores the strengthening economic ties between the two nations. This comes at a crucial time for Argentina's right-wing President Milei, who is gearing up for a critical midterm election this month. The currency swap not only provides Argentina with much-needed liquidity but also signals confidence in Milei's leadership, which could have positive implications for both countries' economies.
US buys Argentinian pesos, finalises $20bn currency swap, says US Treasury
PositiveWorld Affairs
The US Treasury has finalized a significant $20 billion currency swap with Argentina, a move that underscores the strengthening economic ties between the two nations. This comes at a crucial time for Argentina's right-wing President Milei, who is gearing up for a critical midterm election this month. The currency swap not only provides Argentina with much-needed liquidity but also signals confidence in Milei's leadership, which could have positive implications for both countries' economies.
US buys Argentine pesos, finalizes $20 billion currency swap framework
PositiveWorld Affairs
The United States has taken a significant step by purchasing Argentine pesos and establishing a $20 billion currency swap framework with Argentina's central bank. This move, announced by Treasury Secretary Scott Bessent, comes at a crucial time as Argentina faces economic challenges under President Javier Milei, a Trump ally. The support is expected to stabilize the Argentine economy and strengthen ties between the two nations, especially ahead of important mid-term elections.
US buys Argentine pesos, finalizes $20 billion currency swap framework
PositiveWorld Affairs
The United States has taken a significant step by purchasing Argentine pesos and establishing a $20 billion currency swap framework with Argentina's central bank. This move, announced by Treasury Secretary Scott Bessent, comes at a crucial time as Argentina faces economic challenges under President Javier Milei, a Trump ally. The support is expected to stabilize the Argentine economy and strengthen ties between the two nations, especially ahead of important mid-term elections.
Opinion | Why Won’t President Milei Let Go of the Peso?
NeutralWorld Affairs
President Milei's reluctance to dollarize Argentina's economy raises questions about the underlying reasons. While technical objections are often cited, many believe they serve as mere pretexts. Understanding this stance is crucial as it impacts Argentina's financial stability and future economic policies.
Opinion | Why Won’t President Milei Let Go of the Peso?
NeutralWorld Affairs
President Milei's reluctance to dollarize Argentina's economy raises questions about the underlying reasons. While technical objections are often cited, many believe they serve as mere pretexts. Understanding this stance is crucial as it impacts Argentina's financial stability and future economic policies.
Cristina Fernández de Kirchner: Argentinian court sentences man to 10 years for attempted assassination
PositiveWorld Affairs
A Buenos Aires court has sentenced Fernando Sabag Montiel to 10 years in prison for attempting to assassinate former president Cristina Fernández de Kirchner. This ruling, which also includes an eight-year sentence for his accomplice, marks a significant moment in a case that has drawn national attention since the incident in 2022 when a gun was pointed at Kirchner but did not fire. The verdict is seen as a crucial step in upholding justice and ensuring the safety of public figures in Argentina.
Cristina Fernández de Kirchner: Argentinian court sentences man to 10 years for attempted assassination
PositiveWorld Affairs
A Buenos Aires court has sentenced Fernando Sabag Montiel to 10 years in prison for attempting to assassinate former president Cristina Fernández de Kirchner. This ruling, which also includes an eight-year sentence for his accomplice, marks a significant moment in a case that has drawn national attention since the incident in 2022 when a gun was pointed at Kirchner but did not fire. The verdict is seen as a crucial step in upholding justice and ensuring the safety of public figures in Argentina.
Latest from World Affairs
Small business owners say Alberta teachers’ strike is hurting their bottom line
NegativeWorld Affairs
Small business owners in Alberta are expressing serious concerns over the ongoing teachers' strike, stating that it is significantly affecting their revenue. With students staying home, local businesses that rely on their spending are feeling the pinch. This situation highlights the interconnectedness of education and local economies, emphasizing the broader implications of labor disputes on community livelihoods.
Burkina Faso refuses to take deportees as US stops issuing visas
NegativeWorld Affairs
Burkina Faso's foreign minister has expressed concerns over the US's decision to stop issuing visas, questioning whether this move is linked to the country's refusal to accept deportees. This situation highlights the growing tensions between the two nations and raises questions about the implications for diplomatic relations and the treatment of deportees.
Palestine factions refuse foreign guardianship on Gaza as truce takes hold
PositiveWorld Affairs
As a ceasefire takes hold, tens of thousands of displaced Palestinians are returning to Gaza City, which has been described as 'unrecognizable' due to the recent conflict. This development is significant as it marks a moment of hope and potential rebuilding for the community, despite the challenges ahead. The refusal of local factions to accept foreign guardianship indicates a desire for self-determination and control over their own future.
Trump threatens to impose additional 100% tariff on China
NegativeWorld Affairs
In a significant escalation of trade tensions, President Trump has threatened to impose an additional 100% tariff on China, leading to a sharp decline in the S&P 500, which fell 2.7%, marking its steepest drop since April. This news is crucial as it highlights the ongoing economic friction between the two largest economies, which could have far-reaching implications for global markets and trade relations.
Melania Trump reveals private talks with Putin
PositiveWorld Affairs
Melania Trump has opened up about her private discussions with Russian President Vladimir Putin, focusing on their joint efforts to reunite Ukrainian children with their families. This initiative highlights a compassionate side of international relations, showcasing how leaders can collaborate on humanitarian issues despite political tensions. It’s a reminder that even in challenging times, there are opportunities for positive change and support for those in need.
‘Substantial’ federal layoffs begin as Congress remains deadlocked over funding to end shutdown – live
NegativeWorld Affairs
Federal layoffs have officially begun as the government shutdown stretches into its third week, with agencies like the Treasury, HHS, DHS, and Education confirming cuts. This situation is concerning as it not only affects the livelihoods of federal workers but also highlights the ongoing deadlock in Congress over funding. The inability to reach an agreement raises questions about the government's ability to function effectively and support its employees during challenging times.