Investors fear Argentine president Mauricio Macri will lose control of the country before reforming its finances.
Center-left candidate Alberto Fernandez has capitalized on rising poverty, soaring inflation and a battered currency under conservative incumbent Mauricio Macri. A Fernandez victory has spooked markets.
Argentina's currency and the Buenos Aires Stock Exchange have plummeted, a day after President Mauricio Macri suffered a crushing defeat in a primary election. The peso has shed 15% of its value against the dollar.
Argentina’s Senate approved new president, Alberto Fernandez’s emergency economic package last week. But will the chronically indebted country find a way out of an economic crisis that finished ex-President Macri?
An election that was a litmus test for the October presidential election has dealt a blow to President Mauricio Macri. Argentines sent a resounding message of rejection of Macri's handling of the country's economy.
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