Overview

• Argentina’s late-2023 economic collapse and hyperinflation paved the way for Javier Milei’s rise by tapping youth anger with anti-elite messages.
• Spain’s economic indicators remain far milder than Argentina’s crisis years, leaving it currently short of the extreme conditions that fuelled Milei’s ascent.
• Opinion polls give Alberto Núñez Feijóo’s PP a clear lead but highlight the necessity of a solo parliamentary majority to prevent internal right-wing discord.
• Experts warn that any inefficiency or coalition dependence in the PP government could quickly reignite public disillusionment and empower radical voices.
• Persistent youth discontent over democratic responsiveness and fractures between the PP and Vox underscore the broader stakes of the upcoming election.