December marks the first anniversary of Javier Milei’s swearing-in as president of Argentina. This is the perfect time to summarize his most important achievements to date. When he began his term, He was an eccentric. During the election campaign, he promised the abolition of the central bank, the unilateral adoption in Argentina of the U.S. dollar as a circulating currency, and drastic cuts in spending and bureaucracy.
Javier Milei’s victory in the Argentinian presidential elections surprised the world and at the same time inspired a wave of interest in this South American country, about which not much is known in the Czech Republic or Europe in general. What was the political and economic situation in Argentina in recent years that allowed someone with such radical proposals to be elected President, while acting more like a carnival entertainer than a politician?
Argentina reports that one of its start-ups has been testing an app called Signatura. It is used as a tool verifying official or administrative documents, without the need for third party confidentiality agreements. Potential areas of application include both the public and the private sector.
Despite the fact that the silly season has already started, several interesting occurrences took place. The most important news comes from the European Union, but also from Russia, Argentina and USA. Let us have a closer look.
Brussels occasionally gets sober from the intoxication of spectacular goals and strategies, paid by citizens. But sobering means that the goal is slightly less grandiose but in the end, likely purposeless and economically harmless.
Are there the first signs of banks‘ restructuring? Will Netherlands lose its AAA rating? Spain won a battle, but the war is not over yet. Sarko once again wants to reach for the treasure buried in ECB, Argentina is nationalizing, Italians are burning paintings, and ECB officials are afraid of inflation. Following Germany, also Ireland will determine the constitutionality of the „fiscal pact“ and the new European Stabilization Mechanism. They were challenged by the Irish MP…
Why not to believe door-to-door sellers, central bankers; which European country is the closest to a default,how Italians save money on food to sendpayments to the investment bank Morgan Stanley thanks to their clever politicians, and finally about really clean money.By the way, do you have a chicken at home already? Mario Draghi, president of ECB, told the German newspaper Bild that when it comes to the European debt crisis, the worst part is already behind…
This week about how FED doesn’t want to leave alone the “Print” button and what you can go to jail in Argentina for. In Europe, we will have a look at the biggest default in the history, hope that German Luftwaffe won’t take off, we mention Iron Lady and make fun of the new title Kill Bill Saving EU. Only a few days of falling stock markets after the press conference, when the governor of…
