Argentina

[phkrause]

Milei triumphs in Argentina’s midterm elections closely watched by US Argentina’s libertarian President Javier Milei won decisive victories in key districts in midterm elections Sunday, clinching a crucial vote of confidence that strengthens his ability to carry out his radical free-market experiment with billions of dollars in backing from the Trump administration. Read more.

Why this matters: In the election, widely seen as a referendum on Milei’s past two years in office, his upstart La Libertad Avanza party scored over 40% of votes compared with 31% for the left-leaning populist opposition movement, known as Peronism, exceeding analysts’ projections.   Perhaps never has an Argentine legislative election generated so much interest in Washington and Wall Street. Trump appeared to condition a $20 billion currency swap deal with Argentina’s central bank and an additional $20 billion loan from private banks on a good showing for Milei in national midterms, threatening to rescind the assistance for the cash-strapped country in the event of a Peronist victory. “If he wins we’re staying with him, and if he doesn’t win we’re gone,” Trump said after welcoming Milei to the White House earlier this month.

RELATED COVERAGE ➤ Milei’s win, in photos   ps:So now we're putting money into elections in other countries????? But we can't give money to those that need it in this country?????