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Argentina Heads to Midterms as Milei Confronts Cabinet Turmoil, Market Stress and a Court Rebuff

With the government on shaky footing, Sunday’s vote functions as a referendum on Milei’s ability to govern.

Overview

  • Javier Milei’s team saw last‑minute shake‑ups, with Gerardo Werthein exiting and Pablo Quirno named to replace him, while Justice Minister Mariano Cúneo Libarona also prepared to step down.
  • The national electoral court blocked a plan to publish a single nationwide tally for lower‑house results, ordering counts to follow provincial rules as the Boleta Única de Papel debuts across the country.
  • Financial strains persisted before the vote, with heavy interventions reported in the foreign‑exchange and futures markets and analysts citing depleted reserves, tight credit and recessionary signals.
  • Fuerza Patria closed its campaign under the banner of “frenar a Milei,” casting the election as a check on the president’s program and denouncing perceived U.S. and Wall Street influence in Argentina’s economic strategy.
  • Campaign tensions flared with a reported clash in Formosa between supporters of La Libertad Avanza and militants linked to Governor Gildo Insfrán, prompting denunciations and calls for accountability.