Argentine stocks and bonds boosted after election of Javier Milei


Javier Milei, a radical libertarian economist and first-term congressman, has won Argentina’s presidential elections, defeating economy minister Sergio Massa and pulling the country’s politics far to the right amid its worst crisis in two decades.

At 8.10pm, almost an hour before the first official results were due to be published by Argentina’s electoral commission, Massa, who hails from the moderate wing of the ruling left-leaning populist Peronist movement, announced that he had called Milei to concede.

He added that the two had spoken and come to agreements about the transition that would take place ahead of Milei’s December 10 inauguration to ensure “no one has any doubts about the . . . economic, social, political and institutional functioning of Argentina”.

This post was originally published on Financial Times

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