Macri Tries Populist Tactics After Losing Primary Elections in Argentina

Gifts of money are aimed to appease voters and win them over. The costs to the state arising from these short-term measures are expected to amount to 40 billion pesos (US$825 million).

RIO DE JANEIRO, BRAZIL - After the "Black Monday" for Argentine financial markets, including a violent crash of the peso after the primary elections clearly won by the opposition, president Mauricio Macri tries to regain lost confidence.

In particular, Macri's statements, in which he blamed the victorious opposition alliance "Frente de . . .

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