John Farmer

I mean, I think there's a huge risk that America is taking.

As I say, Argentina, a serial defaulter over the years.

There's absolutely no guarantee that Millet is going to win these midterms.

I mean, I would expect that the Peronist opposition that, you know, they're up in the polls.

I think they're going to win more seats.

But Millet's party, in fairness, is very poorly represented in Congress as things stand.

So it should still pick up seats.

But how many seats is, you know, that's the real key, because right now.

You know, the opposition in Congress is really bossing proceedings.

It's overridden three presidential vetoes of initiatives that would have ramped up public spending in recent weeks.

You know, you've got to go right back to 2003 before the last presidential veto was overturned in Argentina.

And that needs a two thirds majority in both houses of Congress.

So the bare minimum Mille needs is he's got to get a third of the seats in the lower house.

Well, you know, Millet has been scathing of Mercosur.

He's called it an iron curtain that member states have to submit to.

He's attached far more significance to trying to get a trade deal with the US.

But

Yeah, Mercosur is more important for Argentina.

There's no question about that.

Brazil is right next door, obviously.