As he stared up from the bottom of an increasingly deep economic hole, Javier Milei has been offered a ladder from the likeliest of sources: Donald Trump.

The US president has called Argentina’s leader his ‘favourite president’, and he appears to be a fan of the sideburned iconoclast’s libertarian ideals. But in Argentina, Milei’s ideals are becoming increasingly worthless. Midterm elections are approaching, and the Argentine government has spent more than $1 billion propping up its currency.

US Treasury Secretary Scott Bessent offered a significant shot in the arm to Argentina when he said this week that the US ‘stands ready to do what is needed’ to support their economy. Argentina is already in deep with the US-based International Monetary Fund. Milei’s $20 billion bailout from earlier

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