Overview

• From home detention, Cristina Fernández de Kirchner warned of default risk and claimed the government burned more than US$1 billion in reserves in two days to prop up the exchange rate.
• She accused Economy Minister Luis 'Toto' Caputo of fueling a carry trade and labeled Federico Sturzenegger a recurring actor in Argentina’s cycles of indebtedness.
• Her post alleged that official financing from the IMF, World Bank and IDB is enabling capital flight and cautioned that seeking a U.S. loan could trigger an economic 'explosion.'
• Kirchner referenced the ANDIS corruption probe, mocked President Milei’s defense regarding leaked audios tied to Diego Spagnuolo, and echoed accusations against Karina Milei over alleged 3% kickbacks.
• Buenos Aires Governor Axel Kicillof said each day of Kirchner’s detention makes Argentina less fair and democracy weaker, describing the Milei government as showing authoritarian impulses and denouncing repression and attacks on critical media.