In initial victory for Milei, Argentina’s Senate approves controversial reform bills
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 13 2024
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Source: MarketWatch
- Argentina Senate Approves State Overhaul and Tax Bills: The Senate in Argentina has approved key state overhaul and tax bills proposed by President Javier Milei, marking an initial legislative win for the libertarian leader.
- Narrow Vote Margin: The approval came with a narrow margin of 37 to 36 votes after 11 hours of intense debate.
- Protests and Clashes: Outside Congress, protesters clashed with police as they urged lawmakers to reject Milei's austerity measures.
- Further Legislative Steps Required: While the overall approval was granted, individual measures within the bills still need to be passed by lawmakers.
- Milei's Pursuit of Radical Change: This move aligns with Milei's promise of bringing about radical changes in Argentina through these legislative reforms.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
