Argentina’s midterm election hands decisive win to Milei’s libertarian overhaul
Summary
Argentina's President Javier Milei's party won decisively in midterm elections, securing a mandate to continue his economic overhaul despite austerity discontent. The victory strengthens his position in Congress, allowing for easier passage of reforms that have reduced inflation.
Key Points
- Javier Milei's party won a decisive victory in Argentina's midterm legislative elections.
- The victory grants Milei a strong mandate to continue his radical economic reforms and austerity measures.
- Milei's party secured 64 seats in the House of Deputies, enough to block presidential veto overrides.
- Inflation has dropped significantly under Milei, from 12.8% to 2.1%, impressing investors.
- Voter turnout was low at around 68%, possibly due to disillusionment or fatigue with austerity measures.
