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Editorial: El Mundo

Milei, en su momento más crítico
Oct. 23, 2025

  • Javier Milei will face the midterm elections on Sunday in a position of weakness, compromising the Argentine libertarian project.
  • Despite halting inflation and the deficit through harsh cuts, the situation remains critical.
  • The president has turned to Donald Trump's financial rescue, artificially strengthening the peso and lowering the risk premium.
  • The economy is cooling down and investors are fleeing to the dollar, raising alarms in a government weakened by corruption scandals and electoral defeats.
  • There are criticisms of the alliance with Trump which involves conceding on certain issues and positions Argentina as a block against Chinese expansion in Latin America.
  • To reverse the crisis, Milei needs to moderate his polarizing tone and build bridges with the opposition.

Conclusion: Milei's weak position and his polarizing tone put the libertarian project at risk. The financial rescue and alliance with Trump are controversial while Argentina ta­ckles Chinese expansion in Latin America.