Biography Flash: Javier Milei's Turbulent Presidency | Political Battles & Economic Woes in Argentina cover art

Biography Flash: Javier Milei's Turbulent Presidency | Political Battles & Economic Woes in Argentina

Biography Flash: Javier Milei's Turbulent Presidency | Political Battles & Economic Woes in Argentina

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 Javier Milei Biography Flash a weekly Biography.

Javier Milei has been in the global and Argentine spotlight over the past few days with both sharp political turbulence and highly watched public moves. According to El País, his government suffered a stunning defeat in Buenos Aires province at the start of September, where his coalition lost by almost 14 points to the Peronists—dramatically undercutting his aura as the outsider able to “exterminate” traditional political power in Argentina. The result was so surprising that it nationalized a local vote and turned it into a damning referendum on Milei’s first year as president. This loss has led to a visible unraveling of Milei’s image, with analysts like Pablo Touzon noting that he’s lost his greatest political asset: the sense of invulnerability that insulated him despite his extreme rhetoric and combative style. His support has further eroded as infighting and finger-pointing now dominate headlines, especially as his sister and chief-of-staff Karina Milei consolidates even more power in the inner circle.

Economically, the Buenos Aires Times reports that the government faces the dual threat of an economic crisis largely of its own making—Argentina’s financial markets are in turmoil, with the Merval stock index now the worst performer globally for 2025 according to English-language El País. The peso broke the floating exchange rate band this week, forcing the Central Bank to intervene with dollar sales and raising new doubts about the government’s grip on stability just ahead of October’s crucial legislative midterms. Milei's approval rating has now dropped below 40 percent, and opposition parties are uniting to challenge his zero-deficit fiscal policies in Congress—policies he has “lukewarmly” defended in a national budget speech where he acknowledged, for the first time, that some Argentines are hurting from his economic program.

Corruption scandals and leadership squabbles are adding to the turmoil. El País details that criminal investigations involving Milei’s sister Karina and allegations around a cryptocurrency promoted by Milei himself are slowly advancing. Meanwhile, social media controversies are swirling: Noticias Argentinas reports Milei distanced himself from Daniel “Gordo Dan” Parisini, a once-close libertarian influencer now increasingly vocal in his criticism. When pressed, Milei shrugged off responsibility for the online attacks from such followers, saying, “I don’t have to take charge of what my followers say.”

Looking forward, all eyes are on Milei’s high-profile meeting with Donald Trump in New York on September 23, as reported by Mezha, planned to center on economic cooperation and U.S.–Argentina relations. With markets in retreat, political capital waning, and party divisions mounting, the next few weeks may prove make-or-break for Milei’s legacy—and future as president.

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