Editorial: El País

• Argentina's president, Javier Milei, secures a legislative victory with the Senate's approval of the Base Law, his set of structural reforms.
• The Base Law might allow a drastic reduction of the State role, deregulation of the economy, labor reforms and significant benefits to investors.
• Despite having a minority in parliament, Milei manages to gain the support of the moderate opposition through concessions and negotiations.
• Markets responded positively to Milei's legislative victory with increases in the value of Argentinian shares.
• Milei also manages to delay a debt repayment to China and secures a disbursement from the IMF, due to the reduction of fiscal deficit and inflation.
• However, the World Bank issues warnings about the consequences of these adjustments, forecasting a drop in Argentina's GDP and contractions in the construction, industry and commerce sectors.
• Despite criticism, Milei has maintained a popularity of 50% by attacking those he holds responsible for Argentina's decline.

Conclusion: With these tools now at his disposal, Milei is now faced with the challenge of demonstrating that he can provide real solutions to the problems faced by Argentinians.

---