this post was submitted on 14 Aug 2023
139 points (96.0% liked)

World News

39173 readers
3563 users here now

A community for discussing events around the World

Rules:

Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.


Lemmy World Partners

News [email protected]

Politics [email protected]

World Politics [email protected]


Recommendations

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 11 points 1 year ago

This is the best summary I could come up with:


With some 90% of ballots counted, far-right libertarian economist Javier Milei had 30.5% of the vote, far higher than predicted, with the main conservative opposition bloc behind on 28% and the ruling Peronist coalition in third place on 27%.

The result is a stinging rebuke to the center-left Peronist coalition and the main Together for Change conservative opposition bloc with inflation at 116% and a cost-of-living crisis leaving four in 10 people in poverty.

The October election will be key for policy affecting Argentina's huge farm sector, one of the world's top exporters of soy, corn and beef, the peso currency and bonds, and ongoing talks over a $44 billion debt deal with the International Monetary Fund.

As polls closed in the early evening after voting system glitches caused long lines in capital Buenos Aires, all the talk in campaign hubs was about Milei, a brash outsider who has pledged to shutter the central bank and dollarize the economy.

In the most important leadership race, within the Together for Change coalition, hard-line conservative Patricia Bullrich, a former security minister, beat out moderate Buenos Aires Mayor Horacio Larreta, who pledged to get behind her campaign.

Whoever wins in October, or more likely in a November runoff, will have big decisions to make on rebuilding depleted foreign reserves, boosting grains exports, reining in inflation and on how to unwind a thicket of currency controls.


I'm a bot and I'm open source!