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(Bloomberg) — Javier Milei, a libertarian candidate proposing radical responses to Argentina’s economic crisis, defeated Economy Minister Sergio Massa to win the runoff of Sunday’s presidential election.
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With 87 votes counted after Sunday’s election, Milei won 56 of the votes against the 44Array of Massa’s ruling leftist Peronist coalition, according to the official election authority.
Massa admitted in Buenos Aires, before the effects were made public, that he had called Milei to congratulate him on his victory. Milei will take up his duties on December 10.
“Argentines have chosen another path,” Massa said in a speech to supporters. Polls before the vote gave Milei a slight credit over his rival.
Read more: Argentina has a national team in the presidential runoff: What to watch out for
The result gives Milei a mandate to deliver on his election promises, adding the abandonment of the peso in favor of the U. S. dollar and the closure of the central bank, while embarking on drastic cuts in public spending in a bid to lift the country out of 46 million more people. to get people out of their discomfort.
–With Walter Brandimarte’s.
(Updates with effect in paragraph. )
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