Trump insisted that a recent $20 billion (€17 billion) assistance package to Argentina, which administration officials strenuously deny is a bailout, was about helping “our neighbours."View on euronew

Argentina's leader Javier Milei is a self-described radical libertarian and 'anarcho-capitalist' who claims to seek political advice from his dogs.

That puts Mr Milei under extreme pressure to win. Though he has sharply reduced inflation and poverty since he came into office in late 2023, his party could easily get fewer votes than the Peronist opposition. A series of corruption scandals have alarmed voters. His dogmatic approach has alienated potential allies.

As the cost of the White House’s bailout package roughly doubles, the political risks for the American president appear increasingly unavoidable.

President Donald Trump has approved $20 billion in bailout for Argentina, a country on the brink of economic crisis. Trump likes Milei's policies.