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Argentina Has Really Fallen Out With No. 2 Foreign Investor Spain
Posted
May 27, 2024
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1:00Now PlayingWhat began with a Spanish suggestion that Javier Milei took drugs has rapidly descended into an all-out diplomatic brawl that’s among the worst since the UK ambassador flew out of Buenos Aires over the Falkland Islands more than four decades ago.
“From now on there won’t be an ambassador in Buenos Aires,” Spanish Foreign Minister Jose Manuel Albares announced on Tuesday at a press conference.
Spats come and go. France and Italy have traded barbs over the Mona Lisa and made up. Argentina has had its fair share of fights with arch-rival Brazil but also Colombia, Ecuador and Venezuela. This particular brawl, though, could be more serious and more consequential, partly because of domestic politics at play between two nations that share historic yet prickly ties.
The fact is that within a space of mere weeks, Argentina has managed to have an epic fallout with its second-biggest foreign investor, and neither side seems to be seeking an off-ramp.
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