The two sides of Javier Milei's adjustment operate fully and face 60 very difficult days. The fierce spending cut raises doubts about whether it is sustainable.
But, on the other hand, the market is giving the President a thumbs up, with a sharp rise in bonds. The markets continue to raise their fingers at the management of Minister Luis Caputo who insists that the balance of public accounts is not negotiable. The pressure from the state unions is increasing and a central question is whether the Government will have to lift its foot on cutting expenses.