The Brazilian government, eager to assert itself as South America’s preeminent power, finds itself at a crossroads. The victory of libertarian opportunist Javier Milei in Argentina’s recent presidential election has added a new element of uncertainty to Brazil’s relationship with its southern neighbour. Meanwhile, Venezuelan President Nicolás Maduro’s threats to annex Guyana’s oil-rich Essequibo region jeopardise the increasingly fragile alliance between Brazil and its northern neighbour.
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