Overview

• Provisional results show Fuerza Patria at 47.28% to LLA’s 33.71%, with the peronist coalition winning 99 municipalities in the province.
• Javier Milei conceded the defeat, pledged to “accelerate and deepen” his economic plan, and convened an urgent two-hour cabinet meeting at Casa Rosada.
• Markets weakened after the vote, with country risk surpassing 1,000 basis points and pressure pushing the dollar toward the top of the official band.
• Chief of Cabinet Guillermo Francos urged a review of political strategy, stating that macroeconomic gains are not reaching households and calling for autocrítica.
• Despite speculation about a reshuffle, officials signaled no immediate resignations as debates over alliance missteps, the nationalized campaign, and the ANDIS scandal shape the run-up to October’s national vote.