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.
The Americas
Last week, Nicaragua canceled its deal with a Chinese company to build and manage a canal that stretches across Central America, ending a decade-long saga. Despite this development, China’s influence in Nicaragua has never been greater, in large part due to the diplomatic isolation of President Daniel Ortega’s autocratic government.
Name-calling among Latin America’s leaders has reached the level of schoolyard smears and taunts, but with far more significant implications. It has resulted in recalled ambassadors and crumbling diplomatic relations. And it has made the longstanding dream of regional integration seem more distant than it has been in decades.