Argentina’s reforms are more than economic: For most Argentines, cooperation among political rivals is a reason for patience amid economic reform (The Monitor’s Editorial Board, June 25, 2024, CS Monitor)

Mr. Milei’s biggest challenge may be in keeping a political consensus for his difficult reforms. He has brought key opposition figures into his Cabinet. And in a June 13 vote in the Senate, he won incremental changes that mix spending cuts with measures to strengthen cooperation between national and local officials.

In March, Mr. Milei asked ordinary citizens for their “patience and trust.” The reforms enacted so far have exacerbated hardships. The percentage of people living in poverty has reached the highest it’s been in 20 years (57.4% nationally). Yet two polls this month found that as many as 63% of citizens are willing to stay the course.

Their confidence may rest on a willingness of Argentina’s political leaders to work together with transparency. “It was crucial that he showed that he can work with the opposition to get something approved,” Eugenia Mitchelstein, a political analyst at the University of San Andrés in Buenos Aires, told The Wall Street Journal. “If everything is a conflict, and no negotiation, he won’t get anything done.”

Mr. Milei received similar advice this week during a brief visit with German Chancellor Olaf Scholz. While Argentina makes far-reaching economic reforms, it is important to protect “social cohesion,” Mr. Scholz said. Greece won that key battle. Argentina seems ready to do the same.