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Milei's Approval Plummets Amid Scandals and Economic Struggles

9/22/2025

33 8 Full Breakdown

Summary

Story summary

Milei's popularity has fallen after local election defeats and corruption scandals, including cryptocurrency fraud and kickbacks, with approval at 42%.
Economic policies that reduced inflation falter as growth stalls and peso devalues.
Opposition, including former allies, has grown, complicating passage of 2026 Budget.
He toned down rhetoric and pledged social spending; the October 26 midterms could shape his future.

History

Historical Context

The 2001 Argentine economic crisis triggered a financial collapse, pushing poverty rates to 60% and sparking widespread protests. In response, austerity measures were implemented, a trend that continues under President Javier Milei, who took office in 2023. His controversial policies, including proposed cuts to government ministries, reflect ongoing political instability and economic challenges as Argentina approaches the October 2025 midterms.

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Story summary

Milei's popularity has fallen after local election defeats and corruption scandals, including cryptocurrency fraud and kickbacks, with approval at 42%.
Economic policies that reduced inflation falter as growth stalls and peso devalues.
Opposition, including former allies, has grown, complicating passage of 2026 Budget.
He toned down rhetoric and pledged social spending; the October 26 midterms could shape his future.

1 / 2