Javier Milei’s party secures a major victory in Argentina’s midterm elections amid economic turmoil.
The party of Argentinian President Javier Milei won an overwhelming victory in the nation’s legislature over the weekend, despite recent financial and political turmoil that has led to an offer of a bailout from the Trump Administration.
The October 26 victory was a litmus test for the policies of the Argentinian president, who is focused on curbing fiscally crippling inflation and instituting deep austerity measures to restore the flailing economy of the South American nation.
“Today we passed a turning point,” Milei told supporters. “Today begins the building of a great Argentina.»
“We want to be a country that grows,” continued Milei, adding that with his party’s victory he will “make Argentina great again.”
Milei’s party, La Libertad Avanza (LLA), received over 40% of the vote, despite predictions by critics that the pain caused by Milei’s budget cuts would push Argentinian voters away from his libertarian policies.
The LLA had witnessed a brutal loss during provincial elections in Buenos Aires in September, as the Argentinian peso’s value crashed, leading to Trump’s offer of financial support to assist his friend, Milei, in the critically important federal election.
Several corruption scandals among Milei’s inner circle had also caused his approval ratings to drop about 10 points recently, but crippling infighting among left-wing opposition parties weakened attempts to stop the LLA from gaining additional seats in Congress.
