Summary
Argentina's president, Javier Milei, and his party faced a major defeat in the Buenos Aires local elections. His party's candidate, Diego Valenzuela, lost to Gabriel Katopodis, a Peronist challenger. The election results reflect dissatisfaction with Milei's economic policies.
Key Facts
- Javier Milei is Argentina's libertarian president.
- Milei's party, La Libertad Avanza (Liberty Advances), lost in Buenos Aires elections.
- Their candidate, Diego Valenzuela, received 34% of the vote, while Gabriel Katopodis got 47.4%.
- Milei acknowledged the loss as a significant setback for his party.
- Buenos Aires is a crucial region, with 40% of Argentina's population and a third of its GDP.
- Upcoming congressional midterms in Argentina will further test political support for Milei.
- Argentina faces high unemployment and recent protests over pension spending cuts.
- Milei has dealt with a corruption scandal involving his sister and aides.
