The Bad, the Worse and the Peronists
If the Peronists cannot deprioritise their differences, even as a weakened Milei creates an opening for victory, the prospects of sound political management if they eventually reach office are next to zero. Leer más
A recent family and friends gathering reveals widespread discontent with President Javier Milei's administration, matching current polls. When asked if they would support the opposition in the next election, many respond hesitantly, considering Peronists as the "opposition."
The last Peronist administration, led by Alberto Fernández and Cristina Fernández de Kirchner, is blamed for the country's economic struggles, including prolonged lockdowns, skyrocketing inflation (peaking at 200% in their final year) and intense infighting. Sergio Massa, later economy minister and presidential candidate, failed to save the sinking ship. The public still views the period as a negative experience and does not wish to repeat it.
Peronists remain committed to running the same course, with Milei aiming to face a Peronist in the next election. The obvious contender is Axel Kicillof, former economy minister and twice-gubernatorial candidate of Fernández de Kirchner. Kicillof's association with the Kirchners, now in jail, makes him an uncomfortable choice for investors. If Kicillof becomes the nominee, a weakened peso and rising inflation could complicate the economy, as happened in the lead-up to 2025 midterms.
Kicillof knows the risks and believes he may benefit from an economy turning messy before the election. However, he remains unwilling to outline Peronist policies or reassure investors about retaining current benefits. The infighting between Kicillof and his political allies, including Cristina's son Máximo, further complicates matters. Máximo's rally during the fourth anniversary of a failed assassination attempt against Fernández de Kirchner shows his unwillingness to let go of political ambitions.
If Peronists cannot set aside their differences, the chances of sound governance under a Peronist administration are slim. The Peronists’ race to the nomination is challenging, with Massa, the easiest Milei opponent, also struggling to gain public recognition. Milei and his team hope that Peronist infighting will continue, giving Argentines no viable alternatives.
Without addressing the public's loss of trust, Milei's chances of recovery remain slim, making it clear that a "bad, worse, and ugly" political landscape will not save him from losing public credit.
Written by urgent.news from Buenos Aires Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
