Argentina and the fear of floating
Economists believe the country’s authorities must fully liberalise the peso before it is too late
Argentina’s president, Javier Milei, likely felt a sense of relief after his La Libertad Avanza party performed unexpectedly strongly in the country’s mid-term elections on October 26. With a reinforced presence in congress, Milei looks set to continue the reforms he promised would restore economic stability in the South American country. Investors were reassured the libertarian president’s austerity agenda would continue, and the peso, after being repeatedly attacked in the weeks prior to the
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