Argentine President Milei Performs Rock Concert Amid Economic Crisis

Argentine President Javier Milei, facing economic turmoil and declining approval ratings, took a dramatic approach to rally support ahead of the October midterm elections by headlining a rock concert in Buenos Aires, where he performed Argentine rock classics and other songs including a nod to President Donald Trump. This flamboyant public display was part of a broader effort to reinvigorate his party’s campaign amid challenges such as a sharply weakening peso and increasing political unrest. Economically, Milei's administration has been depleting Argentina’s dollar reserves to stabilize the peso, having sold an estimated $1.3 billion in the past week alone, leaving the Treasury with roughly $1 billion remaining. The central bank's interventions aim to curb the peso's decline, but Congress has also been undermining Milei’s efforts by overturning key vetoes. Meanwhile, the U.S. has extended financial support to Argentina, reflecting the fragile balance of Milei's political spectacle against the backdrop of serious economic challenges.