Argentina gambles on mercy - Wall Street Journal

Argentina gambles on mercy – Wall Road Journal

When there is no such thing as a actual various, there is no such thing as a downside, because the saying goes. This can be the logic of Argentine voters on Sunday who rejected the catastrophe of Peronist rule in favor of a reckless, charismatic outsider. Javier MileyWho promised Argentina what would symbolize a radical change to free market economics.

Mr. Milley, a congressman and self-described liberal, received the presidency with 56% of the vote to 44%. Defeated Sergio Massathe present Minister of Financial system and the architect of insurance policies that produced hyperinflation, falling dwelling requirements, the federal government dumping overseas reserves, and the worst financial disaster in a long time.

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