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The Intelligence from The Economist

Let Milei this out: Argentina’s midterms surprise

The Intelligence from The Economist

The Economist

News, Daily News, Global News

4.63.6K Ratings

🗓️ 27 October 2025

⏱️ 25 minutes

🧾️ Download transcript

Summary

Voters overwhelmingly backed the party of President Javier Milei, handing him a lifeline he was not expected to get. We ask how he can finish his vast project of economic change. Meanwhile Germany’s promised package of sweeping reforms is turning out to be lacklustre. And why many video games appear to be getting harder after years of popular-appeal ease.


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Transcript

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0:00.0

The Economist

0:02.0

Hello and welcome to the intelligence from The Economist.

0:13.0

I'm Rosie Bloor

0:15.0

and I'm Jason Palmer.

0:16.0

Every weekday we provide a fresh perspective on the events shaping your world.

0:29.6

Germany's Chancellor Friedrich Meertz have promised to get the country's economy moving again. So far it hasn't budged. Now he's promised an autumn of reforms.

0:38.3

And gamers may have noticed a trend in recent years.

0:41.3

After a long stretch of getting easier, on average,

0:44.3

many franchises seem to be getting vexingly difficult again.

0:48.3

In some cases, maybe a little too difficult.

0:51.3

The little too difficult. But first...

1:05.0

Viva la Liberta carajo! Viva la Libertta carajo! This morning, Argentina looks to have a more stable government than it did last week.

1:20.0

In midterm elections, Liberty Advances, the party of President Javier Malay, won a thumping victory.

1:26.8

41% of the vote.

1:28.6

The next nearest opposition party won just 24.

1:32.3

That is not what was expected, and Mr. Malay was triumphant.

1:41.5

Today marks the beginning of building a great Argentina, he said. He and the Argentine economy

1:50.7

and the peso aren't out of the woods yet, but his project is on a far firmer footing than it was.

1:57.8

When I came on the show a few weeks ago, things looked pretty dicey for having Malay.

2:03.5

Hal Hodson is our America's editor.

2:06.1

He was facing into mid-term elections with three corruption scandals hanging around his neck.

2:12.6

The Argentine peso was bumping daily or at least weekly into the limit of its exchange rate ban set by the

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