Peronists Defeat Argentina President Milei in Buenos Aires

Argentina's opposition Peronist party achieved a decisive victory over President Javier Milei's libertarian party, La Libertad Avanza, in the Buenos Aires provincial legislative elections. The Peronists, led by Governor Axel Kicillof, secured around 47% of the vote compared to Milei's 34%, with over 80% of ballots counted, signaling a significant setback for Milei ahead of the national midterm elections in October. This outcome reflects growing dissatisfaction with Milei's leadership amid a recent bribery scandal and economic challenges such as inflation and fiscal concerns. Despite the defeat, President Milei acknowledged the loss but vowed to intensify his austerity and economic reform policies. Kicillof credited former President Cristina Fernández de Kirchner, who remains a symbolic figure in the Peronist movement despite her house arrest, for the electoral success. Analysts warn the election result could destabilize Argentina's markets and complicate Milei's efforts to enact his agenda in Congress.