| More on this story from yesterday. |
...a country located on the other side of the Deep South. It is covered with Pampers and inhabited by Grouchos, who dance the Tangle. They used to have some islands called the Malvinas located where the Falklands are now. They're not supposed to cry for Evita...
elected libertarian outsider Javier Milei as its new president on Sunday, rolling the dice on an outsider with radical views to fix an economy battered by triple-digit inflation, a looming recession and rising poverty.
Official results have not been released, but his rival, Peronist
...another whack at Fascism that did't work, except for the musical...Economy Minister Sergio Massa, conceded in a speech.
His candidacy was hampered by the country’s worst economic crisis in two decades while he has been at the helm.
Milei is pledging economic shock therapy.
His plans include shutting the central bank, ditching the peso, and slashing spending, potentially painful reforms that resonated with voters angry at the economic malaise, but sparked fears of austerity in others.
"Milei is the new thing, he’s a bit of an unknown and it is a little scary, but it’s time to turn over a new page," said 31-year-old restaurant worker Cristian as he voted on Sunday.
But Milei’s challenges are enormous.
He will have to deal with the empty coffers of the government and central bank, a creaking $44 billion debt program with the International Monetary Fund, inflation nearing 150% and a dizzying array of capital controls.
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