Tag: argentina

Milei Raises Government Spending While Pledging Zero Deficit

Argentine President Javier Milei has built his presidency around a single rule: zero deficit. Yet even as he vows to keep the budget balanced, his new 2026 plan raises pensions, health, and education spending. The shift comes just a month before midterm elections, testing whether his austerity brand can survive political reality. 

Since taking office in December 2023, Milei slashed billions in spending, froze public works, and cut federal funding to provinces, among other austerity measures. University and health budgets were hit especially hard, leading to layoffs and reduced services. Retirees saw their benefits shrink as inflation eroded payments, while tighter rules limited access to pensions. As a result, Argentina reached its first primary surplus in more than a decade and its first full-year surplus in 123 years. But the cost was steep: Consumption plunged and poverty spiked above 50 percent before easing in recent months.

The political backlash hit hardest in the province of Buenos Aires—home to nearly 40 percent of voters—where Milei’s coalition suffered a defeat earlier this month. In response, Milei rolled out a 2026 budget that expands spending in areas he once vowed to shrink.

The plan increases pensions and disability payments by 5 percent, boosts health spending by 17 percent, and lifts education spending by 8 percent—all above projected inflation. As Martín Rodríguez Yebra of La Nación put it, the package amounts to “a white flag in the three battles that eroded his popularity this election year.”

Milei insists fiscal balance remains “set in stone.” The numbers partly back him up: total revenues for FY 2026 are projected at 15.6 percent of gross domestic product, up 0.2 percentage points from 2025. On paper, the budget still balances.

The biggest challenge is political. Without a congressional majority, Milei has relied on vetoes to block deficit-boosting bills. By conceding targeted increases, he hopes to blunt those challenges while courting centrists who dislike Peronist populism but remain wary of his radical cures. The October 26 legislative elections will decide whether he grows his foothold in Congress or stays boxed in.

At the Conservative Political Action Conference (CPAC) earlier this year, Milei handed Elon Musk a chainsaw—a symbol of his vow to slash the state. Now, with midterms looming, he is testing whether that brand of austerity can withstand political reality. Voters will decide whether the chainsaw keeps buzzing or runs out of fuel.

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Argentina charges daughter of World War II Nazi for concealing decades-old art theft

The daughter and son-in-law of a Nazi who stole art from European Jews during World War II were charged in an Argentine court on Sept 4 with hiding numerous works, including 22 by French painter Henri Matisse.

The pair came into the spotlight after an 18th century painting stolen from a Dutch art collector was 

spotted in an Argentine property ad in August, only to vanish once again.

“Portrait of a Lady” by Italian baroque painter Giuseppe Ghislandi was missing for eight decades before being photographed in the home of a daughter of Nazi Friedrich Kadgien, who had fled to Argentina after the war and died there in 1978.

Police opened an investigation and conducted multiple raids in search of the painting, only to find 22 works from the 1940s by Matisse (1869-1954), and others whose origins have yet to be determined.

The artworks were found in the Argentine seaside resort of Mar del Plata in possession of members of the Kadgien family, officials said.

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Painting stolen by Nazis during WWII believed discovered in Argentine real estate listing

An 18th-century portrait stolen by the Nazis during WWII is believed to have resurfaced in the most unexpected place: hanging above a sofa in a coastal Argentinian home and discovered not by law enforcement or a museum, but spotted in a photo on a real estate website.

The painting, “Portrait of a Lady” by Italian baroque artist Giuseppe Vittore Ghislandi, belonged to Jacques Goudstikker, a prominent Dutch-Jewish art dealer whose collection of more than 1,100 works was seized after the Nazi invasion of the Netherlands in 1940. Senior Nazi officials, including Hermann Göring, acquired hundreds of pieces, according to the Cultural Heritage Agency of the Netherlands (RCE).

The potential discovery is the result of years of work by Dutch daily newspaper Algemeen Dagblad (AD) investigative journalists Cyril Rosman, Paul Post and Peter Schouten, who have been pursuing the case for nearly a decade.

Rosman said the team began tracing Friedrich Kadgien, Göring’s financial adviser and close confidant, several years ago.

“Kadgien escaped to South America at the end of the war,” Rosman told ABC News. “We knew from archival documents that he brought diamonds, jewelry, and two stolen paintings with him. We’ve spent years trying to piece together his life here and where those paintings ended up.”

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Curious Cattle Mutilation Reported in Argentina

An Argentine rancher was left scratching his head after one of his cows was mysteriously slain in a manner that bore the hallmarks of the infamous cattle mutilation phenomenon. According to a local media report, the downed animal was found on Monday morning in the community of Santillan. Nelson Billordo recalled how he was alerted to the strange situation by a farmhand who stumbled upon the dead cow and marveled to him that it appeared as if something had tried “to rip its face off.” When the rancher went out to investigate, he was shaken and mystified by what he saw.

In a manner eerily reminiscent of the cattle mutilation phenomenon, the animal had its tongue and eyes removed with surgical precision. The cuts, Billordo observed, were “cauterized and it wasn’t bleeding anywhere.” Meanwhile, the remains of the cow attracted no scavengers, which seemed to steer clear of the creature. Indicating that “this is the first time I’ve seen such a thing,” the rancher noted that his property is fairly isolated which would seem to preclude the human suspect for the slaying. To that end, regarding the strangeness of the slaying, he posited that “a normal person wouldn’t do this.”

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US and Argentina announce plan to create an alternative global health system after withdrawing from WHO

The US Health and Human Services Secretary, Robert F. Kennedy Jr., and his Argentine counterpart, Minister of Health Mario Lugones, have signed a joint declaration reaffirming their countries’ withdrawals from the World Health Organisation (“WHO”) and announcing plans to create an alternative international health system.

The new system aims to be grounded in scientific integrity, transparency, sovereignty and accountability, with Kennedy and Lugones stating that their withdrawal from WHO marks the beginning of a new path towards building a modern global health cooperation model.

During his visit to Buenos Aires, Argentina, Kennedy met with Lugones and Argentine President Javier Milei to discuss key health priorities – including healthcare reform, addressing chronic disease and their new global health collaboration – to define a joint work agenda that will strengthen transparency and trust in the health system.

Lugones expressed his shared vision with Kennedy, stating that they believe in the future of collaboration in global health and have similar visions about the path forward, with the declaration expressing a shared vision of the challenges facing the region’s health systems and the measures needed to transform them.

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In the Documents That Javier Milei Has Just Released – Related to Nazi Criminals Who Fled to Argentina After WW2 – A Chance for the South American Nation To Come to Terms With Its Past

Argentine President Javier Milei fulfilled a symbolic promise by releasing documents detailing the activities of Nazi criminals who fled to the country after the collapse of National Socialist Germany in 1945.

The previously classified files open a window into Argentina’s turbulent past, and reveal the lives as fugitives of a number of notorious Nazis such as Josef Mengele and Adolf Eichmann.

The Daily Mail reported:

“The 1,850 declassified documents published by the General Archive of the Nation (AGN) also include records of banking operations, secret intelligence files and previously confidential Defense Ministry reports. The files are available for public viewing on a government website, following an order by President Javier Milei.

The decision to publish the documents follows a formal request from United States Senator Steve Daines (Republican-Montana) and representatives from the Simon Wiesenthal Centre during meetings in February.”

But more than just complying with the US request, the move is an integral part of Milei’s commitment to transparency about the country’s controversial history.

“The Simon Wiesenthal Center, which is investigating the Credit Suisse bank’s links to Nazism, has received copies of the files.”

In the documents we see the different fates of ‘monster doctor’ Joseph Mengele and Adolf Eichmann, the ‘architect of the Holocaust’.

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‘I became like a slave’: why 43 women are suing the secretive Opus Dei Catholic group in Argentina

The first item Opus Dei gave 12-year-old Andrea Martínez was a pink dress. The second was a schedule that detailed every task for every minute of her day. Then, when she was 16, she was given a cilice – a spiked metal chain to wear around her thigh – and a whip.

In the late 1980s, Opus Dei, a secretive and ultra-conservative Catholic organisation, promised Martínez an escape from a life of poverty in rural Argentina. By attending one of their schools, they said, she would receive an education and opportunities.

“They told me I would study and progress. I thought with an education that later I would be able to help my family,” says Martínez, 50.

“But I became like a slave. They treated me like a slave, without any capacity to think or act or do.”

Martínez, along with dozens of other women in Argentina, has accused Opus Dei – which has a presence in more than 70 countries but is strongest in Spain, Italy and Latin America – of coercing them as children and adolescents into a life of domestic servitude.

They say they were forced into working up to 12-hour days, cooking and cleaning for the elite members, without pay.

The women also say they faced extreme control, their letters were censored, and they were banned from reading anything but children’s books or religious texts. When they eventually escaped, the women say they were left without money, clothes or qualifications.

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Javier Milei’s Free Market Reforms Are Starting To Pay Off

Argentina’s poverty rate fell sharply in the second half of 2024, according to official data released this week, marking a major milestone for President Javier Milei’s sweeping economic reforms.

According to the country’s official statistics agency, the National Institute of Statistics and Census (INDEC), the poverty rate fell to 38.1 percent between July 2024 and December 2024—down nearly 15 percentage points from the first half of the year. Household poverty also declined by 13.9 percentage points, hitting 28.6 percent. And extreme poverty was cut by more than half, falling from 18.1 percent to 8.2 percent.

It’s a major turnaround from the beginning of Milei’s presidency. When he took office in December 2023, he inherited a poverty rate of 41.7 percent, which quickly surged to 53 percent as his administration launched a “shock therapy” program to end Argentina’s economic misery.

One of the biggest drivers behind the poverty decline is the sharp drop in inflation. Annual inflation, which reached 276.2 percent a year ago—one of the highest in the world—dropped to 66.9 percent last month. Monthly inflation has also dropped, from 25.5 percent in December to just 2.4 percent in March.

“These figures reflect the failure of past policies, which plunged millions of Argentines into precarious conditions while promoting the idea of helping the poor, even as poverty continued to increase,” Milei’s office said in a statement following the release of the INDEC report. “The current administration has shown that the path of economic freedom and fiscal responsibility is the way to reduce poverty in the long term.”

In other words, Milei’s bet on free market reforms is starting to pay off. 

It’s worth remembering the situation he walked into. “Milei inherited a country suffering from more than 200% inflation in 2023, 40% poverty, a fiscal and quasi-fiscal deficit of 15% of GDP, a huge and growing public debt, a bankrupt central bank, and a shrinking economy,” writes Ian Vásquez of the Cato Institute.

In response, Milei promised a radical shift in Argentina’s economic model. His government slashed government spending, eliminated price controls, devalued the peso, cut subsidies, suspended public works, and laid off thousands of government workers. The changes weren’t popular, but they were necessary. And now, the numbers are catching up.

The economy is growing again. Gross domestic product grew in the last two quarters. The gap between the black-market dollar and the official rate has narrowed. Rents have fallen and the housing supply has increased since rent control laws were scrapped. Meanwhile, investor interest in Argentina is beginning to return, and the International Monetary Fund (IMF) is in talks with Milei’s government over a new program. The IMF projects a 5 percent growth for Argentina in 2025. 

Still, challenges remain. Despite the improvement, over 11 million Argentines are still living in poverty, with 2.5 million facing extreme poverty. And more than half of all children ages 14 and under in Argentina are poor. 

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Argentina to Declassify Nazi Archives—But Did Hitler Escape There Too?

In a move both hailed and questioned, Argentine President Javier Milei has ordered the full declassification of secret government files related to Nazis who fled to Argentina after World War II—along with archives from the country’s own military dictatorship.

The promise of disclosure follows a broader global trend toward transparency, including the U.S. government’s recent release of long-classified files related to the assassination of President John F. Kennedy—documents that, for decades, were withheld from the public under claims of national security.

But with reports of 5,000 Nazis escaping to South America—including top convicted war criminals like Adolf Eichmann and Josef Mengele—some are asking a more explosive question: did Hitler himself survive the war and escape to Argentina?

Cabinet Chief Guillermo Francos confirmed that Milei’s order, made after a meeting with U.S. Senator Steve Daines, applies to all Nazi-related documents across state agencies, including Defense Ministry files and financial records long shrouded in secrecy.

“President Milei has ordered the publication and declassification of the archives,” Francos said. “These files concern Nazis who sought refuge in Argentina and were protected for many years. These are historical documents that should be accessible to the public.”

“There is no reason to continue safeguarding that information,” he added. “These are archives of a part of Argentine history and they have to be public.”

The move also revives a long-held claim—dismissed by mainstream historians but not by everyone—that Adolf Hitler didn’t die in Berlin in 1945, but instead fled via Spain and ended up living out his days under protection in South America.

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Argentina’s Milei faces impeachment for promoting crypto scam

The Argentinean president branded himself as an edgy economic genius to ride a wave of financial discontent to power. Now he’s implicated in one of the biggest scams in history, wiping out over $4 billion in a few hours, leaving Argentineans wondering if they’ve also been rugged.

Argentina’s President Javier Milei has been accused of fraud, and is likely to face impeachment charges, after he promoted a sham cryptocurrency token which allowed a handful of con artists to dupe crypto owners out of hundreds of millions of dollars in a single day. The scam is believed to be the first cryptocurrency “rug-pull” to have been orchestrated with the help of a sitting president. While the exact number of victims is unknown, around 75,000 people are suspected to have been swindled, and a judge has been appointed to investigate after at least 100 criminal complaints were filed against Milei in Argentina in the days since.

Crypto token $LIBRA jumped massively in value after Milei endorsed it on social media on Feb. 14, posting a link to purchase the coin and lauding the “private project” for “encouraging the growth of the Argentine economy, funding small business and Argentine ventures.” Milei went as far as framing the coin as a legitimate investment, writing, “the world wants to invest in Argentina.”

The URL for the $LIBRA token’s official website, vivalalibertadproject.com, was a clear nod to Milei’s campaign slogan, “¡Viva la libertad, carajo!” The page, which remains online, says the coin was being launched “in honor of Javier Milei’s libertarian ideas” and was “designed to strengthen the Argentine economy from the ground up by supporting entrepreneurship and innovation.”

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