Argentina Reaches an Electoral Crossroad Over Reforms

Great expectations that he would liberalize Argentina's economic and trade policies accompanied President Mauricio Macri into office in December 2015 and he quickly met some of those expectations with action. But Macri was able to implement most of his reforms rather quickly because they did not require congressional approval. And there lies the challenge as Macri takes up the second part of his agenda to liberalize Argentina's economy. He will need congressional approval to enact deeper — and in some cases very unpopular — structural economic reforms. How well his ruling coalition does in legislative elections on Oct. 22 will be key for the future of Macri's economic reform plans....