#javier-milei

#javier-milei

Argentines have voted in legislative elections viewed as a litmus test for President Javier Milei's free-market reforms and deep austerity measures. Turnout was 66%, according to provisional figures released by the National Election Chamber. If confirmed, this would be the lowest turnout in more than 40 years, according to Spain's EFE news agency. The president and his party, La Libertad Avanza, is looking to increase its small minority in congress which would make future reforms easier.

The Argentine president, Javier Milei, who won a resounding midterm victory on Sunday, has received ample support from Donald Trump. Ahead of the congressional elections, Trump endorsed Milei and warned: If he loses, we are not going to be generous with Argentina. Washington extended a $20bn currency swap line to the government money aimed at stabilising financial volatility that would have undermined Milei's chances. The US treasury even intervened directly, buying more than a billion dollars of pesos to slow the currency's freefall

"The US Treasury is prepared, immediately, to take whatever exceptional measures are warranted to provide stability to markets,"

According to the official data, the Peronist's center-left candidate Axel Kicillof won 46.8% of the vote across the province, while the candidate for Milei's La Libertad Avanza (LLA) party took 33.8%, with 82.2% of the votes counted. The margin between the Peronist party and Milei's party was much higher than what was predicted in pre-election polls. Milei accepted his party's "clear defeat" and admitted to unspecified "mistakes" which he vowed to "correct."

Fernandez, 72, can serve time in her apartment due to her age and security concerns, as she is a victim of an assassination attempt.

Milei's decree establishes stricter immigration requirements, limiting citizenship access and making deportations easier, paralleling measures seen during Trump's administration.