In an upset over the incumbent party, Mauricio Macri, former Mayor of Buenos Aires, won the November 22nd runoff election, heralding a new era in Argentina’s politics, future and standing on the world stage. Coinciding with Macri’s assent in the polls from September, Argentina’s benchmark Merval stock index soared 58% through the November 20th market close. Many believe that his victory represents an inflection point in Argentina’s long suffering economy. Yet, ramifications could extend well beyond the economy. It’s hoped that fresh political and financial transparency will rebuild relationships with leaders in South America and beyond. Caveat emptor, Macri needs to execute his plans, not a certainty in this volatile, but always promising country....
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