14/06/2026 12:03 - Politica
Reunión de gabinete en la Casa Rosada con Javier Milei presidiendo la mesa y funcionarios debatiendo documentos oficiales
In the midst of a media storm involving Manuel Adorni, Argentina's Chief of Cabinet (Jefe de Gabinete), sources confirm he does not plan to resign. The reasoning is strategic: Adorni believes he is "safer inside the Government than outside."
This stance is bolstered by the unconditional support of President Javier Milei. For international readers, Milei is Argentina's libertarian president, known for his anti-establishment rhetoric. Insiders suggest Milei prefers the investigation focus on tax evasion rather than illicit enrichment, aligning with the administration's libertarian view that tax evasion is a reaction to an oppressive tax system. Milei previously referred to businessmen involved in currency flight as "heroes," framing this scandal as less severe in his government's eyes.
A key figure in this saga is Karina Milei, the President's sister and General Secretary of the Presidency. She is often considered the real political operator of the administration.
Sources indicate that Karina Milei has given cabinet ministers freedom to express their opinions on Adorni, a sign of political distancing. However, there is a catch: if Adorni resigns now, the political credit would go to the PRO (Propuesta Republicana), the center-right coalition led by former President Mauricio Macri, a key ally. The libertarian wing wants to avoid giving Macri's party a political victory, forcing them to tolerate Adorni for now.
Despite the political noise, international investors are not rattled. A New York-based Argentine trader explained that investors look at fundamentals, not just headlines. "In Peru, presidents change like seasons, and nothing happens," he noted, comparing Argentina's stability to other regional precedents.
The market's confidence rests on:
| Indicator | Value | Why It Matters |
|---|---|---|
| Country Risk | ~450 basis points | Lowest since May 2018; shows investor trust. |
| Monthly Inflation | 2.1% | Lowest in 8 months; a sign of stabilization. |
| S&P Rating | Upgraded to B- | Significant improvement in creditworthiness. |
| Central Bank Reserves | $10.6 Billion Net Purchases | Second-highest historical record. |
The opposition is moving to remove Adorni via a motion of censure (moción de censura), a legislative mechanism to force a minister out.
Opposition has 120 signatures; they need 129 for a quorum.
A special session is requested for June 24.
Requires 37 votes to censure.
VP Victoria Villarruel called a parliamentary session for June 18.
To counter this, the Government might advance Adorni's management report to July 2. If Congress removes him, sources suggest President Milei may simply reappoint him by decree, showcasing the unique Argentine dynamic between the Executive and Legislative branches.
While Manuel Adorni faces scrutiny over his financial declarations and Bitcoin trading history, the Milei administration is betting on economic success to weather the storm. With no clear successor and a financial market that remains bullish on Argentina's recovery, the scandal highlights the resilience—and the peculiarities—of Milei's political project.
Alfredo S. Quiroga
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