Argentina's Presidential Runoff Pits Centrist Against Libertarian on How to Fix Deepening Economic Crisis
-
Presidential runoff election in Argentina pits centrist Peronist Sergio Massa against libertarian Javier Milei. Massa won first round but neither candidate reached 45% threshold.
-
Milei is political outsider who draws comparisons to Trump. His austerity plans to slash subsidies and privatize have proved divisive.
-
Massa seen as more moderate and able to negotiate across aisle. But he faces challenges with high inflation, low reserves, and large debts.
-
Voters frustrated with economy and high cost of living. Inflation at nearly 150% due to money printing, crop failures, and currency devaluation.
-
Experts say Milei’s plans like eliminating central bank and dollarization too risky. Massa’s gradual approach more feasible but inflation likely to persist.