Bloomberg: Argentina's President Milei, deeply embroiled in the LIBRA scandal, may avoid paying a heavy political price due to performance

Odaily Planet Daily News According to the ongoing fermentation of the LIBRA scandal, it is not clear what impact Milei will have in the 10 months before the mid-term elections in Argentina. The opposition quickly threatened legal action and impeachment, but due to the need for a two-thirds majority vote in Congress, the impeachment trial is unlikely to make progress. The main center-right party of former market-friendly President Mauricio Macri, who supports Milei’s reforms, has so far expressed disappointment but rejected the attempt by the Peronist opposition to impeach Milei. Pollsters say that due to falling inflation, rising wages, and a growing economy, Milei may still avoid paying a heavy political price. For months, his approval rating has been hovering around 47%, while support for all other political parties in Argentina is lower and more fragmented. But this event has once again raised concerns about his sometimes erratic personality and decisions. Buenos Aires consulting firm Poliarquia director Alejandro Catterberg said: “Macroeconomic balance needs to be accompanied by emotional balance, which causes a lot of unnecessary uncertainty.” At the same time, Macri will travel to Washington this week in the hope of meeting with Trump and gaining his support to secure more funding from the International Monetary Fund for Argentina. The new plan is still under negotiation, and Argentina may also receive tariff exemptions from Trump. (Bloomberg)