Argentineans weigh future after Trump-backed Milei's election victory amidst controversy.
President Javier Milei won the midterms by a landslide, securing 41% of the vote and taking his party, La Libertad Avanza, to a majority in Congress. The result has sparked widespread debate about whether it reflects genuine support for Milei or if it was driven by fear of economic instability brought on by US President Donald Trump's alleged interference.
Trump announced a $40 billion bailout for Argentina before the election, but warned that if Milei did not win he would withdraw his support. This move appears to have influenced voters, with some arguing that Trump's economic blackmail played a role in the outcome.
The economy was cited by many as their top concern during the election, and it seems that Milei's policy of burning through dollar reserves to keep the peso overvalued has had an impact on Argentineans' purchasing power, real wages, job security, and even businesses.
Some experts say that Argentina is becoming increasingly dependent on the US economy. The result is seen by some as a step towards Argentinians losing their independence and effectively becoming part of a "colony" controlled by the United States.
In contrast to other countries such as Canada and Brazil, where Trump's policies had the opposite effect, it seems that his generosity has played a role in securing Milei's election. However, this may be short-lived as some say that this support is based on fear rather than genuine desire for change.
For many, Milei's victory marks the beginning of a period of uncertainty and instability in Argentina's economic landscape.
President Javier Milei won the midterms by a landslide, securing 41% of the vote and taking his party, La Libertad Avanza, to a majority in Congress. The result has sparked widespread debate about whether it reflects genuine support for Milei or if it was driven by fear of economic instability brought on by US President Donald Trump's alleged interference.
Trump announced a $40 billion bailout for Argentina before the election, but warned that if Milei did not win he would withdraw his support. This move appears to have influenced voters, with some arguing that Trump's economic blackmail played a role in the outcome.
The economy was cited by many as their top concern during the election, and it seems that Milei's policy of burning through dollar reserves to keep the peso overvalued has had an impact on Argentineans' purchasing power, real wages, job security, and even businesses.
Some experts say that Argentina is becoming increasingly dependent on the US economy. The result is seen by some as a step towards Argentinians losing their independence and effectively becoming part of a "colony" controlled by the United States.
In contrast to other countries such as Canada and Brazil, where Trump's policies had the opposite effect, it seems that his generosity has played a role in securing Milei's election. However, this may be short-lived as some say that this support is based on fear rather than genuine desire for change.
For many, Milei's victory marks the beginning of a period of uncertainty and instability in Argentina's economic landscape.