Argentina’s Javier Milei is in the biggest crisis of his presidency, after scandals and strategy mis-steps led to a stinging loss in local elections, unnerving voters and markets six weeks out from a critical midterm vote.
After a largely successful first year in office, when falling inflation bolstered robust popular support for Milei’s austerity, recent months have battered the government.
A corruption scandal ensnared his sister and chief of staff Karina. The economy’s recovery slowed sharply, disillusioning voters. He alienated moderate allies in congress, who sided against the government on a series of spending votes. His approval rating fell below 40 per cent for the first time.
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