Javier Milei’s ‘Shock Therapy’ Is Suffering a Stinging Rejection
- Argentine lawmakers rebuke president’s bill, upending agenda
- Bonds sink as international investors turn pessimistic
Javier Milei at Kibbutz Nir Oz during his visit to Israel on Feb 8.
Photographer: Menahem Kahana/AFP/Getty Images
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Two months into Javier Milei’s presidency, his quest to overhaul Argentina’s economy and tame triple-digit inflation has swerved off track.
It isn’t just that Congress rejected his administration’s request for expanded executive powers — a key element of his plan — but it’s the way he responded, hastily shelving the bill and then lashing out at those who voted against him as government bonds plunged in international markets. Milei’s press office sent out a list of 61 legislators who undermined his bill with the label “those who voted against the people.”