Milei Sees Long Slog Ahead to Deliver Reforms in Argentina
- Subsidies will end in 3 years, dollarization is long-term plan
- Libertarian president says he’s in right direction, won’t stop
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Just over 100 days into his administration, Javier Milei is delaying his ambitious reform plans to account for the political and economic realities of Argentina.
Consumer subsidies that allow for $0.12 subway fares will take as long as three years to be removed, currency controls that have crippled the economy will only be lifted after a clean-up of the central bank’s balance sheet, and dollarization has been thwarted by Argentina’s “dishonest” politicians, the libertarian leader said in an interview with Bloomberg Editor-in-Chief John Micklethwait.