“Most mornings I learn more from New Items than I do from all of the traditional papers I read combined.” — Michael Blair, former presiding partner, Debevoise & Plimpton.
1. Financial Times:
Argentine President Javier Milei’s libertarian party has won a big victory in national midterm legislative elections, giving his free-market reform drive fresh impetus after a financial market crisis threatened to derail it.
Milei’s La Libertad Avanza party garnered 40.7 per cent against 31.7 per cent for the Peronist opposition alliance with 98 per cent of the vote counted, according to tallies using provisional figures from the electoral commission. Turnout in Sunday’s election was 68 per cent, compared with 71.8 per cent in the previous midterm election in 2021.
“Today is clearly a historic day for Argentina,” Milei told cheering supporters at his party headquarters in Buenos Aires. “The Argentine people decided to leave behind 100 years of decadence and to persist on the road of freedom, progress and growth.”
The result will bolster Milei’s position in congress and help him push ahead with his radical overhaul of Argentina’s long-troubled economy, which had faltered after a series of mis-steps by his government. Investor jitters about weakening support for Milei’s reforms triggered a run on the peso last month. (Source: ft.com)
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