Argentina’s Financial Markets See Silver Lining Amid Javier Milei’s Surprise Primary Win: ‘Appetite For Shock Therapy Style Approach’

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Despite the initial turbulence, Argentina’s financial markets appeared to be bouncing back following a surprise primary election result favoring right-wing populist Javier Milei, Reuters reports. The primary elections, considered a precursor to the October general election, saw Milei emerge victorious. He advocates for dollarizing the economy and dissolving the central bank. The local stock market eventually closed over 3% higher. Both Milei and his conservative coalition contenderPatricia Bullrich promise drastic economic solutions for Argentina, a country that has been grappling with 116% in…

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