Argentina’s libertarian president, Javier Milei, has overcome months of crises that threatened to engulf his administration to score a major victory in congressional midterm elections held on Sunday.
His party’s better-than-expected performance also provides a win for US president Donald Trump whose administration came to Milei’s aid with an unprecedented intervention in Argentina’s currency markets and by agreeing a $20 billion (€17 billion) currency swap deal in a bid to prop up its peso.
Trump had conditioned his support for Argentina’s battered currency on a victory for his libertarian ally in Sunday’s vote.
In the biggest test so far of his presidency, Milei’s Liberty Advances coalition took over 40 per cent of the vote, beating
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