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Argentina elects 'shock therapy' libertarian Javier Milei as president
Goodbye, slavery to Argentina's central bank. Hello, slavery to the Federal Reserve.
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By Nicolas Misculin, Lucinda Elliott, and Walter Bianchi
Sunday, November 19, 2023
BUENOS AIRES -- Argentina elected right-wing libertarian Javier Milei as its new president today, 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 showed Milei with near 56% versus just over 44% for his rival, Peronist Economy Minister Sergio Massa, who conceded in a speech. The result once again caught pollsters off guard who had predicted a closer race.
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In downtown Buenos Aires hundreds of Milei supporters honked horns and chanted his popular refrain against the political elite -- "out with all of them" -- as rock music played from speakers. Some people set off fireworks as excitement spread.
"We came to celebrate this historic triumph," said Efrain Viveros, a 21-year-old student from the province of Salta. "I'm ecstatic. Milei represents change, for the better. With Massa we'd have had no future, our future has returned."
Massa in a speech said he had congratulated Milei and said the libertarian now needed to show his readiness to rule. "From tomorrow the responsibility of providing certainty belongs to Milei," he said.
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. ...
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