Javier Milei Biography Flash: Inflation Surge Tests President Amid Reforms and Media War
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Javier Milei Biography Flash: Inflation Surge Tests President Amid Reforms and Media War
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In the past few days, Argentine President Javier Milei has been at the center of economic turbulence and political maneuvering, with inflation surging to 2.9 percent in January, marking the fifth straight monthly increase and fueling backlash over the national statistics agency's outdated index, according to AP and ABC News reports from Tuesday. This blow to his signature achievement comes amid investor jitters after the stats chief resigned last week, though experts like Sergio Berensztein noted the high figure at least quells manipulation fears for now. Lazard Asset Management highlights Milei's post-October 2025 midterm triumph, where his coalition tripled Senate seats, enabling a pivot to consensus-building and passage of his first budget plus labor reforms, positioning Argentina for potential market reentry with a recent one billion dollar bond auction.
On the business front, top Milei advisor Demian Reidel resigned Monday as head of state nuclear firm Nucleoelectrica Argentina amid scandals over alleged tender overpricing and irregularities, per Buenos Aires Times, clearing the deck for privatization pushes under ally Diego Chaher. Public sector layoffs hit 63,000 jobs over two years through December 2025, an 18.4 percent cut per UPI and National Statistics data, with Milei vowing more in 2026 amid falling tax revenues and wage declines.
Social media buzzed Thursday when Milei's government launched the "Oficina de Respuesta Oficial" X account to debunk media lies, quickly gaining 43,000 followers; Milei reposted its debut call-out of Clarin, framing it as a war on disinformation, though press groups like FOPEA decried it as a state truth tribunal, drawing parallels to Trump tactics.
No confirmed public appearances surfaced in recent days, but these moves underscore Milei's high-stakes biographical arc toward austerity endurance or populist peril.
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