"Argentines on Sunday will take to the polls in legeslative elections which are being viewed as a litmus test for President Javier Milei's free-market reforms and deep austerity measures. The President and his party, La Libertad Avanza, is looking to increase its small minority in Congress which would make future reforms easier. Melei has faced several political blows since September with Congress overturning laws introduced by him."
"Milei's moment of truth Milei who has built his presidency on austerity measures and drastic econonic reforms saw his popularity drop amid a corruption scandal and public weariness. While his reforms have tamed inflation, the dramatic welfare cuts have severely affected universities, public hospitals and pensioners. His party was defeated at the polls in Buenos Aires' provincial elections in September as a result, an outcome which was seen as indicative of the mood going into Sunday's ballot."
"US President Donald Trump, who recently provided Argentina with a hefty financial bailout, has threatened to pull support if Milei does not perform well in the elections. "Don't give up because we're halfway there," Milei told supporters at a closing campaign event in the port city of Rosario on Thursday. "We're on a good path.""
Legislative midterm elections will determine whether President Javier Milei can increase his small minority in Congress to ease passage of free-market reforms and austerity measures. Milei has faced political setbacks with Congress overturning his laws and a drop in popularity amid a corruption scandal and public weariness. Reforms have helped tame inflation but severe welfare cuts have impacted universities, public hospitals and pensioners. Half of the lower Chamber and a third of the Senate are contested, making a majority unlikely; surpassing 35% could enable veto protection through alliances. The White House and U.S. financial support are watching closely as the peso weakens and inflation creeps up.
Read at www.dw.com
Unable to calculate read time
Collection
[
|
...
]