"Days before the vote, the US president announced a $40bn bailout for his Argentinian counterpart but warned that if Milei did not win he would withdraw his support. Despite what has been described as the lowest point of his nearly two years in power, with an economic downturn and allegations of corruption, Milei won by a wide margin: about 41% to 32%, something opinion polls had failed to predict."
"I know that the US bailout will bring some stability, but I also know that if the US has to let go of your hand at some point, it will, said Agustin Cantilo, a 30-year-old broker who lives in Tigre and voted for Milei's party twice. If there's one party I will never, ever vote for in my life, it's Peronism; that said, what matters most to me now is stability, he added."
Opposition posters in Buenos Aires used Milei's name over a US flag to tap anti-American sentiment after Donald Trump's alleged interference. Days before the vote the US president announced a $40bn bailout for Milei and warned that support would be withdrawn if Milei lost. Milei won about 41% to 32% despite economic downturn and corruption allegations, and his party, La Libertad Avanza, gained a congressional majority when combined with the centre-right PRO. Voters expressed willingness to prioritize stability over Peronism. After enforcing deep spending cuts with a 'chainsaw' policy, Milei reduced inflation from over 200% to about 30%.
Read at www.theguardian.com
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