Tangle The $40 billion Argentina bailout.
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Oct 28, 2025 Argentina's midterm elections saw Javier Milei's party achieving a surprising 41% of the vote, granting him crucial legislative support. The recent $40 billion U.S. bailout aims to stabilize Argentina's struggling economy, but opinions diverge. Critics on the left argue it's politically motivated, while conservatives see it as strategic backing. Argentinian voices weigh in on the implications of the Trump-Milei alliance, highlighting potential risks and benefits. The discussion also touches on broader lessons in austerity and U.S. policy.
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Milei's Midterm Mandate And Big US Support
- Javier Milei's party won ~41% in midterms, strengthening his mandate and blocking impeachment moves.
- The Trump administration arranged up to $40 billion to stabilize Argentina's currency and markets.
Structure Of The $40B Support Package
- The U.S. announced a $20B currency swap and coordinated another $20B from banks and funds to backstop Argentina.
- Treasury Secretary Scott Bessent insists the aid won't cost U.S. taxpayers despite a weakening peso.
Left Critiques: Politics And Fiscal Risk
- Left critics call the bailout fiscally reckless and politically motivated to help Trump's allies.
- They demand explanations of safeguards and repayment terms to protect U.S. taxpayers.