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Right-wing candidate wins Argentina’s presidential election

In the election of Argentina’s president, the staunch right-wing independent candidate Havyer has emerged victorious. In Sunday’s run-off vote, he has secured a victory with more votes than expected. His opponent, Argentina’s current Peronist finance minister, Sergio Masa, has accepted defeat and congratulated Havyer. Due to three-digit inflation and a rising debt, Argentina’s economy has become precarious. In this situation, frustrated voters have chosen an outsider in politics, rejecting the mainstream candidates to address economic issues. According to Reuters, he received nearly 56% of the total votes in the run-off, while Masa got just over 44%.

Havyer has promised an economic ‘shock therapy’ as part of his plan, which includes closing the central bank, abandoning the peso as the currency, and proposing substantial reforms to reduce spending.

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