"Javier Milei threw himself into Donald Trump's arms and was welcomed. Last week, the U.S. president offered Argentina an unprecedented $20 billion rescue package, in addition to an open-ended line of credit and even the possibility that the United States might purchase its debt bonds. True to form, Trump did not hold back: he said Milei was a truly fantastic and powerful leader and, perhaps misinformed about the Argentine electoral calendar, even offered him his complete and total endorsement for re-election as president."
"Calm returned to the Casa Rosada, the seat of government in Argentina, after a week in which the country appeared to be sliding toward a full-blown economic and political crisis. Trump's support was generous, and Milei received it euphorically. Argentine Economy Minister Luis Caputo spoke of the beginning of a new era. Markets also celebrated after a week in which they had fled Argentina, punishing the peso and bonds."
Javier Milei embraced U.S. President Donald Trump, who offered Argentina an unprecedented $20 billion rescue package, an open-ended line of credit and a possible U.S. purchase of Argentine debt. Trump praised Milei and offered full endorsement for re-election, which Milei displayed on Truth Social. Markets stabilized after a turbulent week: country risk fell from 1,500 to 900 and the dollar moved from above 1,500 pesos to about 1,350. The aid restored calm in the Casa Rosada and eased investor panic. U.S. Treasury Secretary Scott Bessent tied the agreement ambiguously to the October 26 legislative election results. If Milei loses, the promise may be void. He needs to secure deputies and senators in Congress.
Read at english.elpais.com
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