Milei scores major election win in Argentina
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Milei’s party dominates Argentina’s 2025 midterms, but the LIBRA crypto scandal could threaten his credibility and reform momentum.
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.
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.
Argentina’s stocks, bonds and currency surged Monday after the country’s midterm elections delivered a surprising mandate for President Javier Milei to press ahead with his free-market economic overhauls.