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Economy & Business - October 2025

ARGENTINA: Trump throws Milei lifeline that could prove too short

It was a moment of weakness or despair when Argentina’s President Javier Milei on 15 September promised to boost government spending and increase cooperation with legislators and governors after pushing draconian austerity measures for nearly half of his mandate. His far-right La Libertad Avanza (LLA) had just suffered a serious electoral reverse in the Buenos Aires provincial legislative elections, and he needed to prevent an even bigger disaster in the 26 October midterm congressional election by pledging to ease austerity.

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