The Intelligence from The Economist
The Intelligence: Argentina turner?
Apr 5, 2024
Javier Milei, the President of Argentina, discusses his bold economic reforms amid soaring inflation and low public support. Sophie Better, The Economist's Paris bureau chief, highlights the transformation of Saint-Denis for the upcoming Olympics, envisioning it as a chance for urban renewal. Anne Rowe shares the poignant story of Paul Alexander, the longest user of an iron lung, showcasing resilience and identity in the face of adversity. Tune in for deep insights across politics, society, and the human spirit.
25:06
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Quick takeaways
- President Javier Milei's economic reforms in Argentina face popularity challenges due to impact on voters' pockets.
- Paris Olympics trigger redevelopment efforts in northern suburbs to reshape city's peripheries and improve living conditions.
Deep dives
Argentina's Economic Crisis and President's Reform Efforts
Argentina faced an economic crisis with inflation rates over 100% and increasing poverty levels. President Javier Malay, a self-proclaimed anarcho-capitalist, took office with promises to reverse the spiral. He initiated significant changes such as cutting government spending, devaluing the peso, and reducing interest rates. Although initial results showed mixed outcomes with soaring inflation, there are signs of gradual improvement in key economic indicators.
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