Argentina Takes Leap Into Unknown With Javier Milei as President
· 21.11.2023 · 00:00:29 ··· ··· Tuesday ·· 2 (2)
Bloomberg Quicktake: Now Libertarian outsider Javier Milei won Argentina’s presidency promising a radical shakeup to fix decades of policy mismanagement, a strategy that resonated with a populace suffering under a nosediving economy and one of the world’s fastest inflation rates.
With 99% of ballots counted after Sunday’s runoff election, Milei took 56% of the votes to 44% for Economy Minister Sergio Massa of the incumbent left-wing Peronist coalition, according to the official electoral authority. The scale of his victory was unexpected, and Massa conceded before the results were released.
“Today starts the rebuilding of Argentina,” Milei told the jubilant crowd at his campaign headquarters in Buenos Aires, while supporters flooded the capital waving the national flag. “There’s no room for gradual measures.”
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