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10.09.25 - 18:24
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Argentina Holds Key Bond Auction After Milei Setback Fuels Rout (Bloomberg)
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Argentina is seeking to roll over trillions of pesos in local debt on Wednesday, a crucial test in its push to stem capital outflows and shore up its battered currency after a provincial election signaled support for President Javier Milei's free-market overhaul of the economy is waning....
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08.09.25 - 16:06
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"A Clear Defeat": Argentina Bonds, Peso Plunge After Milei Routed In Buenos Aires Polls (ZeroHedge)
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"A Clear Defeat": Argentina Bonds, Peso Plunge After Milei Routed In Buenos Aires Polls
Argentina's President Javier Milei suffered a heavy defeat in Buenos Aires province, where the Peronist Fuerza Patria coalition won 47% of the vote against his Libertad Avanza's 34%, according to FT.
Pre-election forecasts had predicted a closer contest, which Milei had hoped would boost momentum for the October 26 midterms.
“Buenos Aires province is traditionally very Peronist, but this margin is even worse than expected,” said Alberto Ades of NWI Management. He warned markets would react with weaker bonds, equities, and higher country risk.
FT writes that the setback comes amid Milei's struggles in Congress, where his veto was recently overturned, and a corruption scandal involving leaked recordings and alleged kickbacks linked to his sister Karina. His approval has dropped below 40%.
“Without any doubt, today we suffered a clear defeat,” Milei conceded. “But the economic course for...
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