Argentina’s congress deals setback to Javier Milei’s reform bill

On February 6, Juan Cruz Diaz, Managing Director of Cefeidas Group, commented on recent events in Argentina’s lower house in an article by the Financial Times. The article discusses Javier Milei’s libertarian party withdrawing a reform bill after facing setbacks during voting.

Diaz noted, “If the government was trying to demonstrate its political ability to build agreements, this is a very grave result.” He added, “But it seems the government’s strategy is to openly confront the governors and congress, as a way of reinforcing the narrative that it is standing up to the political establishment and thereby increase its popular support. It’s a risky move, though not unexpected.”

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