Tag #Javier Milei

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elpais.com

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Feb 21, 01:07

Banco Nación Restructured in Argentina's Privatization Drive

Argentina's President Javier Milei's government transformed Banco Nación, the nation's largest bank with $43 billion in assets and 17,000 employees, into a public limited company, aiming for eventual privatization despite union opposition and prior legislative hurdles.

Banco Nación Restructured in Argentina's Privatization Drive

Argentina's President Javier Milei's government transformed Banco Nación, the nation's largest bank with $43 billion in assets and 17,000 employees, into a public limited company, aiming for eventual privatization despite union opposition and prior legislative hurdles.

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What are the primary arguments for and against the transformation of Banco Nación into a public limited company, and what are the potential repercussions for its employees and clients?

This restructuring is intended to streamline Banco Nación for future privatization by modernizing its legal structure and enhancing its capacity to attract private investment. The bank's robust financial performance, exhibiting a 600% surge in loan disbursements during 2024, underpins the government's rationale for this transformation, despite facing union opposition. The government contends this restructuring is crucial to eliminate bureaucratic inefficiencies and expand its funding capabilities.

cnnespanol.cnn.com

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Feb 21, 07:08

Milei and Musk Advocate for Deregulation

Argentine President Javier Milei and Elon Musk met in Washington D.C. on Thursday to discuss economic deregulation, agreeing that excessive state regulation harms growth and that social justice programs can be used to maintain the poor's dependence on those in power; Milei gifted Musk a chainsaw, sy...

Milei and Musk Advocate for Deregulation

Argentine President Javier Milei and Elon Musk met in Washington D.C. on Thursday to discuss economic deregulation, agreeing that excessive state regulation harms growth and that social justice programs can be used to maintain the poor's dependence on those in power; Milei gifted Musk a chainsaw, sy...

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How does the meeting between Milei and Musk reflect broader trends in global politics and economics?

Milei and Musk's shared views on deregulation align with their past statements. Their meeting highlights a growing international movement towards libertarian economic policies, potentially impacting global economic development.

elpais.com

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Feb 20, 10:08

Milei's $Libra Endorsement Leads to Cryptocurrency Crash

President Javier Milei's promotion of the $Libra cryptocurrency on X led to a rapid rise and subsequent crash in its value, resulting in significant losses for investors while developers profited immensely from insider trading; approximately $80-$100 million was withdrawn shortly after the launch.

Milei's $Libra Endorsement Leads to Cryptocurrency Crash

President Javier Milei's promotion of the $Libra cryptocurrency on X led to a rapid rise and subsequent crash in its value, resulting in significant losses for investors while developers profited immensely from insider trading; approximately $80-$100 million was withdrawn shortly after the launch.

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How did the structure and marketing of the $Libra cryptocurrency contribute to its rapid rise and fall in value, and what role did the use of the Fixed Float platform play?

The $Libra cryptocurrency, launched with President Milei's endorsement, saw its value skyrocket to $5.54 per unit before crashing by 70% within an hour. This volatility, fueled by insider trading, resulted in significant losses for many investors, while the developers profited handsomely. The incident underscores the need for greater transparency and regulation in the cryptocurrency market.

bbc.com

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Feb 19, 04:10

$LIBRA" Cryptocurrency Collapse Causes US$90 Million in Losses

The failed launch of the Argentinian cryptocurrency "$LIBRA" resulted in approximately US$90 million in losses for tens of thousands of investors, raising questions about the involvement of President Javier Milei and his associates, including Hayden Davis, the alleged project lead, and his sister Ka...

$LIBRA" Cryptocurrency Collapse Causes US$90 Million in Losses

The failed launch of the Argentinian cryptocurrency "$LIBRA" resulted in approximately US$90 million in losses for tens of thousands of investors, raising questions about the involvement of President Javier Milei and his associates, including Hayden Davis, the alleged project lead, and his sister Ka...

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What were the immediate financial consequences of the failed "$LIBRA" cryptocurrency launch in Argentina?

In Argentina, the failed launch of the cryptocurrency "$LIBRA" led to approximately US$90 million in losses for tens of thousands of investors within minutes. The cryptocurrency's value surged 1300% before a similar drop, benefiting early sellers at the expense of later investors. President Javier Milei initially promoted "$LIBRA", later retracting his support and claiming a lack of knowledge about the project.

elpais.com

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Feb 18, 10:09

Milei's "$Libra" Crypto Promotion Leads to Market Crash and Political Fallout

Argentinian President Javier Milei promoted the "$Libra" cryptocurrency on X, leading to a rapid surge and crash; the cryptocurrency, created minutes before the tweet, had a highly concentrated ownership, resulting in significant investor losses and triggering investigations and political backlash.

Milei's "$Libra" Crypto Promotion Leads to Market Crash and Political Fallout

Argentinian President Javier Milei promoted the "$Libra" cryptocurrency on X, leading to a rapid surge and crash; the cryptocurrency, created minutes before the tweet, had a highly concentrated ownership, resulting in significant investor losses and triggering investigations and political backlash.

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What were the immediate consequences of Argentinian President Javier Milei's promotion of the "$Libra" cryptocurrency, and what is its global significance?

On Friday, Argentinian President Javier Milei promoted a new cryptocurrency, "$Libra", via X, claiming it would fund small businesses. Within hours, the cryptocurrency, launched only minutes before the tweet, plummeted after a rapid surge, causing significant losses for investors. Milei later deleted the tweet, citing lack of project knowledge.

bbc.com

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Feb 18, 16:10

Milei Faces Fraud Charges Over Cryptocurrency Collapse

Argentine President Javier Milei is facing fraud charges after promoting a cryptocurrency, "$Libra", which collapsed shortly after his social media post, causing investor losses and sparking political controversy.

Milei Faces Fraud Charges Over Cryptocurrency Collapse

Argentine President Javier Milei is facing fraud charges after promoting a cryptocurrency, "$Libra", which collapsed shortly after his social media post, causing investor losses and sparking political controversy.

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What are the immediate consequences of the $Libra cryptocurrency collapse following President Milei's social media post?

Argentine President Javier Milei is facing fraud charges after a cryptocurrency, "$Libra", he mentioned on social media, collapsed, causing significant investor losses. Milei denies endorsing the cryptocurrency, claiming he only shared a link. A judge will determine if charges proceed.

dw.com

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Feb 21, 16:12

Milei's Crypto Scandal Shakes Argentina

Argentine President Javier Milei faces a fraud lawsuit after his endorsement of the $LIBRA cryptocurrency, which lost investors $100 million (€95.3 million), impacting his credibility and Argentina's economic prospects.

Milei's Crypto Scandal Shakes Argentina

Argentine President Javier Milei faces a fraud lawsuit after his endorsement of the $LIBRA cryptocurrency, which lost investors $100 million (€95.3 million), impacting his credibility and Argentina's economic prospects.

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What are the immediate consequences of the "cryptogate" scandal on President Milei's political standing and Argentina's economic outlook?

Argentine President Javier Milei's endorsement of the $LIBRA cryptocurrency, which subsequently collapsed, has resulted in a $100 million loss for investors and a fraud lawsuit against him. This scandal directly impacts his credibility as an economic expert, the foundation of his political rise.

dw.com

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Feb 20, 19:10

Argentine President Faces Impeachment Over $LIBRA Cryptocurrency Scandal

Argentine President Javier Milei's promotion of the $LIBRA cryptocurrency on February 14th led to a massive price surge followed by a 90% crash, causing at least $250 million in losses for 44,000 investors worldwide; investigations are underway for potential fraud and impeachment proceedings.

Argentine President Faces Impeachment Over $LIBRA Cryptocurrency Scandal

Argentine President Javier Milei's promotion of the $LIBRA cryptocurrency on February 14th led to a massive price surge followed by a 90% crash, causing at least $250 million in losses for 44,000 investors worldwide; investigations are underway for potential fraud and impeachment proceedings.

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What are the roles of the key individuals involved in the $LIBRA scandal, and how did their actions contribute to the crisis?

The $LIBRA scandal involves President Milei, American Hayden Mark Davis, Singaporean Julian Peh, and Argentine Mauricio Novelli. Investigations are underway to determine if Milei knowingly promoted a fraudulent scheme, potentially violating public ethics laws. The incident has severely damaged Argentina's credibility and sparked calls for impeachment.

dw.com

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Feb 20, 16:10

Milei's Crypto Scandal Shakes Argentina

Argentine President Javier Milei faces a fraud lawsuit over his involvement with the failed cryptocurrency Libra, resulting in approximately \$100 million in losses for investors and undermining his economic credibility.

Milei's Crypto Scandal Shakes Argentina

Argentine President Javier Milei faces a fraud lawsuit over his involvement with the failed cryptocurrency Libra, resulting in approximately \$100 million in losses for investors and undermining his economic credibility.

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How did President Milei's actions regarding Libra contribute to the current political and legal crisis?

Milei's endorsement of Libra, followed by its collapse, damaged his reputation and fueled political opposition. The lawsuit, while legally complex, undermines his economic expertise, potentially impacting Argentina's financial stability and its relationship with the IMF. The opposition highlights the loss of investments by thousands of Argentinian citizens.

lemonde.fr

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Feb 18, 07:07

Milei's Cryptocurrency Scandal: $4 Billion Loss, Multiple Investigations

Argentine President Javier Milei faces accusations of promoting a cryptocurrency, $LIBRA, that crashed, affecting over 40,000 people with losses exceeding $4 billion; he denies wrongdoing but faces multiple investigations.

Milei's Cryptocurrency Scandal: $4 Billion Loss, Multiple Investigations

Argentine President Javier Milei faces accusations of promoting a cryptocurrency, $LIBRA, that crashed, affecting over 40,000 people with losses exceeding $4 billion; he denies wrongdoing but faces multiple investigations.

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How did the Argentine government respond to the controversy, and what are the potential legal ramifications for President Milei?

Milei's actions sparked controversy and accusations of a "crypto-scam." He maintains the cryptocurrency's collapse is a matter between private parties, despite an ongoing investigation by a federal judge and prosecutor, spurred by over 100 complaints. The Argentine presidency also launched an inquiry.

bbc.com

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Feb 18, 16:10

Argentinian President's Cryptocurrency Promotion Leads to Investor Losses and Lawsuit

A Chilean investor lost half of a \$12,000 investment in an Argentinian cryptocurrency promoted by President Javier Milei, leading to a lawsuit alleging a scheme defrauding over 40,000 people of over \$4 billion; Milei denies the accusations, claiming only 5,000 were affected, while the investor att...

Argentinian President's Cryptocurrency Promotion Leads to Investor Losses and Lawsuit

A Chilean investor lost half of a \$12,000 investment in an Argentinian cryptocurrency promoted by President Javier Milei, leading to a lawsuit alleging a scheme defrauding over 40,000 people of over \$4 billion; Milei denies the accusations, claiming only 5,000 were affected, while the investor att...

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What are the long-term systemic implications of this event for cryptocurrency regulation and the role of political figures in promoting financial products?

The aftermath of the \$LIBRA cryptocurrency launch reveals a complex interplay between political influence, investor behavior, and market regulation. The incident raises questions about transparency and accountability within cryptocurrency promotions, especially those involving prominent political figures. Future regulatory efforts may need to address the risks of influencer endorsements and the potential for manipulation in cryptocurrency markets.

elpais.com

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Feb 18, 16:10

Milei Interview Edit Reveals Government Influence, Sparks Legal Action

Argentine President Javier Milei's interview about the $Libra cryptocurrency scandal contained omitted sections published later on YouTube, revealing pre-arranged questions and editing that favored Milei, sparking legal investigations in Argentina and the US and raising concerns about journalistic i...

Milei Interview Edit Reveals Government Influence, Sparks Legal Action

Argentine President Javier Milei's interview about the $Libra cryptocurrency scandal contained omitted sections published later on YouTube, revealing pre-arranged questions and editing that favored Milei, sparking legal investigations in Argentina and the US and raising concerns about journalistic i...

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What are the immediate consequences of the revealed editing of President Milei's interview concerning the $Libra cryptocurrency scandal?

Argentine President Javier Milei's interview about the $Libra cryptocurrency scandal, initially aired on TN, omitted sections later published on YouTube. These omitted parts reveal pre-arranged questions and editing to favor Milei, raising concerns about journalistic integrity and government influence. A legal investigation is underway in Argentina and the US.

Showing 109 to 120 of 166 results