Argentina has elected libertarian outsider Javier Milei as its next president, taking a chance on the eccentric economist\u2019s programme of radical economic reform after decades of stagnation.<\/p>\n
Milei\u2019s win heralds a dramatic shake-up of the Latin American country\u2019s economy and institutions amid public anger over high inflation and record poverty rates under the centre-left Peronist coalition.<\/p>\n
In an address to Argentinians on Sunday night, Milei said his victory marked the beginning of the \u201creconstruction of Argentina.\u201d<\/p>\n
\u201cToday begins the end of Argentina\u2019s decline,\u201d he said. \u201cToday ends the impoverishing model of the omnipresent state, which only benefits some while the majority suffers.\u201d<\/p>\n
In the capital Buenos Aires, hundreds of Milei supporters honked horns, set off fireworks, and chanted his popular refrain against the political elite, \u201cOut with all of them!\u201d, as rock music played.<\/p>\n
Economic Minister Sergio Massa earlier conceded defeat as provisional results in the run-off election showed Milei with 56 percent of the vote to his 44 percent, with nearly 90 percent of votes counted.<\/p>\n
\u201cObviously the results are not what we had hoped for, and I have spoken to Javier Milei to congratulate him and wish him well, because he is the president that the majority of Argentines have elected for the next four years,\u201d Massa said.<\/p>\n
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