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A Far-Right Candidate Takes the Lead in Argentina's Presidential Race

Aug 14, 2023 | 21:34 GMT

Far-right presidential candidate Javier Milei waves after delivering a speech at his headquarters in Buenos Aires on Aug. 13, 2023.
Far-right presidential candidate Javier Milei waves at supporters at his headquarters in Buenos Aires on Aug. 13, 2023, following his strong performance in Argentina's primary election.

(ALEJANDRO PAGNI/AFP via Getty Images)

In Argentina, far-right libertarian candidate Javier Milei's surprisingly strong performance in the presidential primary will increase financial volatility in the coming weeks, deterring investment while raising the risk of a panic-induced bank run. The anti-establishment candidate who has promised to overhaul Argentina's economic and political systems unexpectedly came out on top in the country's open presidential primary on Aug. 13. With 96% of the ballots counted, Milei from the Libertarian Party came away 30.6% of the vote, beating out the candidates from the conservative Juntos por el Cambio coalition (who secured a combined 28.7% of the vote) and the candidates from the ruling leftist Union por la Patria coalition (who secured a combined 27%). Milei, who ran uncontested for his Libertarian Party's presidential nomination, will compete against the Juntos por el Cambio (JxC) nominee Patricia Bullrich and the Union por la Patria (UP) nominee Sergio Massa in Argentina's Oct. 22...

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