Argentina, Trump and Javier Milei
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By Leila Miller and Lucinda Elliott BUENOS AIRES (Reuters) -Argentine President Javier Milei's libertarian alliance made strong gains in Sunday's midterm elections, but he now faces the challenge of showing he can build a coalition to push through investor-desired reforms,
Milei’s party dominates Argentina’s 2025 midterms, but the LIBRA crypto scandal could threaten his credibility and reform momentum.
So will the government of Donald Trump, which has been backing Mr Milei and buying pesos to prop up the Argentine currency. Yet the impressive victory has caveats. Turnout of 68%, in a country with compulsory voting,
Milei’s libertarian party defied poll predictions, tripling its congressional seats to advance free-market reforms.
The rallies unleashed by Argentina President Javier Milei’s surprising electoral win were stunning, with bond prices posting record gains and the stock market skyrocketing over 20% as investors stampeded back in.