Financial expert recommends the populist candidate Milei for the Argentine runoff election
The Argentine presidential election has gone into the runoff, and the eliminated candidate Patricia Bullrich has endorsed the populist Javier Milei. Bullrich argues that the country faces a choice between change and the continuation of mafia-like governance. She therefore called on her voters to give Milei their vote. Milei received 30 percent of the vote in the first round, while Bullrich came third with 24 percent. The ruling Peronist candidate, Sergio Massa, achieved a surprising 37 percent and will now face Milei in the runoff. If Milei wins, he could put Bullrich in his cabinet...

Financial expert recommends the populist candidate Milei for the Argentine runoff election
The potential impact of this election decision on the market or financial industry in Argentina could be significant. Milei's radical reform agenda could lead to near-term uncertainty and volatility in financial markets. The abolition of the central bank and the introduction of the US dollar as the official currency could have long-term effects on monetary policy and the stability of the financial system.
However, it remains to be seen how the runoff election on November 19th will develop. Polls suggest that Massa, who supports moderate change, is in the lead. It is possible that despite Bullrich's recommendation, not the entire conservative camp will unite behind Milei. Uncertainty about the outcome of the election could therefore continue in the coming weeks and have further effects on the market.
Read the source article at www.zeit.de