The China Mail - What to know about Argentina's shock presidential frontrunner

USD -
AED 3.672504
AFN 64.999537
ALL 81.33886
AMD 361.122502
ANG 1.789785
AOA 917.000035
ARS 1513.022501
AUD 1.444398
AWG 1.80125
AZN 1.67226
BAM 1.743487
BBD 2.013327
BDT 122.956921
BGN 1.747831
BHD 0.377591
BIF 2991.825564
BMD 1
BND 1.281969
BOB 11.720763
BRL 5.097599
BSD 0.999599
BTN 94.969134
BWP 13.742479
BYN 3.017272
BYR 19600
BZD 2.010474
CAD 1.419315
CDF 2313.52571
CHF 0.827897
CLF 0.024941
CLP 981.589897
CNY 6.691203
CNH 6.690261
COP 3177.34
CRC 454.962785
CUC 1
CUP 23.991442
CVE 98.294675
CZK 21.704698
DJF 178.000624
DKK 6.66792
DOP 61.282703
DZD 134.428038
EGP 53.431406
ERN 15
ETB 163.27156
EUR 0.89201
FJD 2.26765
FKP 0.76043
GBP 0.753555
GEL 2.58989
GGP 0.76043
GHS 11.630623
GIP 0.76043
GMD 73.500612
GNF 8794.098638
GTQ 7.63697
GYD 209.078429
HKD 7.847255
HNL 26.837813
HRK 6.719798
HTG 130.89794
HUF 324.396504
IDR 18028
ILS 3.103975
IMP 0.76043
INR 94.52505
IQD 1514.474828
IRR 1795877.500108
ISK 121.490159
JEP 0.76043
JMD 158.942818
JOD 0.708971
JPY 158.149499
KES 129.839569
KGS 87.450398
KHR 4059.583344
KMF 440.000176
KPW 899.999961
KRW 1340.749682
KWD 0.31096
KYD 0.833055
KZT 453.04094
LAK 22484.901161
LBP 89517.060016
LKR 330.904147
LRD 170.435248
LSL 16.519088
LTL 2.95274
LVL 0.60489
LYD 6.421536
MAD 9.796395
MDL 17.963495
MGA 4502.384454
MKD 54.953088
MMK 2099.444361
MNT 3596.720368
MOP 8.080141
MRU 40.052592
MUR 47.307153
MVR 15.460232
MWK 1732.941124
MXN 18.435973
MYR 4.082099
MZN 63.908288
NAD 16.519088
NGN 1330.897808
NIO 36.789417
NOK 9.479897
NPR 151.940099
NZD 1.77843
OMR 0.384489
PAB 0.999666
PEN 3.438747
PGK 4.537452
PHP 63.044004
PKR 276.704729
PLN 3.89635
PYG 5692.383117
QAR 3.643852
RON 4.757698
RSD 104.727545
RUB 83.866756
RWF 1474.885234
SAR 3.753076
SBD 8.064647
SCR 13.951933
SDG 601.498751
SEK 9.958299
SGD 1.28212
SHP 0.754745
SLE 24.679893
SLL 20969.504398
SOS 571.288497
SRD 37.641502
STD 20697.981008
STN 21.840387
SVC 8.746852
SYP 13001.999685
SZL 16.512011
THB 33.519867
TJS 9.211651
TMT 3.51
TND 3.001747
TOP 2.40776
TRY 49.509597
TTD 6.784783
TWD 32.34196
TZS 2639.984999
UAH 44.838258
UGX 4023.070477
UYU 40.203962
UZS 11956.051793
VES 878.023604
VND 25873
VUV 119.689611
WST 2.781623
XAF 585.120197
XAG 0.017491
XAU 0.000240685762
XCD 2.70255
XCG 1.801609
XDR 0.707052
XOF 585.120197
XPF 106.313655
YER 236.150455
ZAR 16.518805
ZMK 9001.194926
ZMW 19.917541
ZWL 321.999592
SSP 5773.824733
MXV 2.08173
  • RYCEF

    0.4000

    19.71

    +2.03%

  • CMSC

    0.0000

    20.4

    0%

  • BTI

    0.4200

    56.05

    +0.75%

  • BP

    0.2800

    44.43

    +0.63%

  • RBGPF

    1.6000

    67

    +2.39%

  • RIO

    -0.1500

    94.41

    -0.16%

  • AZN

    -0.4300

    166.15

    -0.26%

  • GSK

    0.4600

    49.7

    +0.93%

  • BCE

    -0.4100

    20.56

    -1.99%

  • NGG

    -0.2500

    75.24

    -0.33%

  • VOD

    -0.0400

    16.58

    -0.24%

  • RELX

    -0.4500

    33.07

    -1.36%

  • BCC

    -0.5500

    76.59

    -0.72%

  • CMSD

    -0.0300

    20.27

    -0.15%

  • JRI

    -0.2500

    10.77

    -2.32%

What to know about Argentina's shock presidential frontrunner
What to know about Argentina's shock presidential frontrunner / Photo: © AFP

What to know about Argentina's shock presidential frontrunner

Argentina has been left reeling by the surprise surge of political outsider Javier Milei to the front of the race ahead of October presidential elections.

Text size:

Here are some key things to know about the brash Buenos Aires lawmaker and what his rise means for the beleaguered South American nation.

- Blindsided -

The presidential elections are still two months away, but an unusual nationwide system of party primaries held on Sunday handed Milei the most votes -- a key indicator of what is to come.

In the run-up to Sunday's vote, opinion polls and political analysts did not expect a real challenge to traditional parties from the anti-establishment outsider, who scored just over 30 percent of the votes, slightly more than his two main rivals.

"No one imagined such an outcome for Milei. He came first in areas where he has no structure or support," said political scientist Juan Negri, of the Torcuato di Tella University.

"An elephant walked past us, and we did not see it," wrote the Clarin daily.

Elected to parliament in 2021, the 52-year-old economist with disheveled hair has grabbed public attention with his radical ideas, regularly appearing on televised panels and with a strong presence on social media.

Political analyst Gabriel Puricelli said Milei had managed to grab hold of a growing discontent in the country and "build an electorate" out of nothing.

- 'Nothing to lose' -

Asked why they support Milei, his backers, young and old, invariably express the desire for something new in a country dogged by economic malaise.

"Ten years of stagnation and five of high inflation fed into the skepticism of a large part of the population," toward the status quo, said Puricelli.

Argentina's political scene has for decades been dominated by Peronism -- heavy on state intervention, subsidies, and welfare programs -- with brief periods of governance by the center-right.

The country is facing annual inflation of 115 percent, and poverty levels are at 40 percent.

With the peso constantly under threat, Argentines' only hope of saving for the future is immediately buying dollars -- on the informal market due to strict currency controls.

"Our parents, our grandparents, voted for Peronism 20 years ago, 30 years ago, but the country has stayed the same," said 20-year-old student Carolina Carabajal.

Political analyst Carlos Fara said there was a sense of having "nothing to lose, let's try something new because the others have failed."

- Politically eclectic -

While described alternately as libertarian, far-right, or anti-establishment, Milei's political views are hard to pin down.

He is ultraliberal on the economy, against the minimum wage, and wants austerity "harsher than that requested" by the International Monetary Fund, to whom Argentina owes $44 billion.

He describes himself as an "anarcho-capitalist" and says he is "above all for freedom."

He has proposed dollarizing the economy, "dynamiting the central bank," and doing away with the ministries of education, health and public works, which he wants to replace with private investment.

On some social issues he is conservative, wanting to ban abortion and get rid of sexual education in schools.

"A man with dozens of faces," wrote journalist Juan Gonzalez in an unauthorized biography of Milei.

Unmarried and childless, he lives alone with four mastiffs named after liberal economists. His sister, Karina, is his right-hand woman.

- Wide-open election -

With Milei now in the mix as a serious challenger, the October 22 presidential election has been thrown wide open with three main candidates.

He is running against former security minister Patricia Bullrich on the right, and Economy Minister Sergio Massa from the ruling center-left coalition -- who came second and third respectively in the primary election by only a narrow margin.

None of them are facing an easy ride.

Milei and Bullrich will jockey for similar voters on the right, while Massa will try to retain moderate voters while battling bad economic news in the run-up to the vote.

N.Wan--ThChM