Milei may be in trouble
There was little time for Milei to feel down on Monday morning. Crisis management was called for after the financial markets reacted negatively to the election defeat, which was unexpected, at least to this extent: the peso moved threateningly towards the upper limit of its range against the dollar as foreign exchange reserves continued to dwindle, the Argentine stock market slumped by double digits, and the country risk rose to over 1,000 points from 700 just a few weeks ago.
Quite a few bankers, politicians, economists and the UN are watching this man.
Elections in Buenos Aires : Javier Milei
Milei suffers a clear defeat in Buenos Aires, but the congressional election in October remains decisive. Economic data are shining; however, corruption scandals jeopardize credibility and the reform course.
Dr. Hans-Dieter Holtzmann
The hopes are he can return Argentina to the prosperous nation it once was.
Look like he's on shaky ground
#enoughsaid