Something unfamiliar is spreading in Argentina: optimism. The impact of President Javier Milei’s dramatic economic reforms has exceeded expectations, even as Milei has maintained popular support. But there is now so much enthusiasm that it raises the risk of irrational exuberance, especially given the scale of the challenge ahead.
Domestic Politics
As working summits go, Italian Prime Minister Giorgia Meloni’s meeting with Libya’s interim prime minister in Tripoli last week seemed like a routine visit. But her meeting a few hours later in Benghazi with the leader of the rival government there underscored the dangers lurking below the surface of the two sides’ calm relations.
In Lebanon, a financial meltdown, state dysfunction and a massive explosion at the Beirut port have submerged the country in crisis for nearly half a decade and left three-quarters of the population in poverty. Now, as 2024 progresses, the Lebanese state’s process of disintegration appears irreversible.