Overview
- Argentina approaches the October 26 legislative elections with a surging dollar, interest rates near 190% and volatile bonds despite exceptional U.S. support, according to market analyses.
- A new survey finds 53% of households say they do not make ends meet and nearly 58% took on debt, underscoring the social stress shaping voter sentiment.
- The government is preparing labor, tax and pension overhauls for the next Congress and plans to build votes through agreements with the PRO, parts of the UCR and allied governors.
- At the IDEA business forum, pro-government governors backed fiscal consolidation but pressed for wider provincial pacts and steadier rules to reduce uncertainty after the vote.
- In Spain’s Extremadura, the PP-led Junta filed a €8.657 billion 2026 budget without opposition support, widening its rift with Vox and raising the likelihood of an early regional election.