Quick takeaways

• Argentina's new right-wing libertarian president is implementing drastic measures to balance the country's budget and revive the struggling economy, including devaluing the currency, slashing subsidies, and eliminating government agencies, while seeking to strip power from various groups contributing to the economic crisis such as corrupt politicians, business interests reliant on state contracts, media groups reliant on state advertising, and trade unions.

• The trade unions in Argentina, which hold significant power and often function like family businesses, pose a challenge to the president's proposed reforms, including optional union membership and stricter regulations on striking, due to their historical connections with the populist-peronist movement, their firm grip on power, and voting rules that heavily favor incumbents.

Deep dives