00:00 Libertarian outsider Javier Mele is elected as Argentina's new president, promising to
00:05 fix an economy battered by triple-digit inflation, a looming recession, and rising poverty.
00:11 Mele defeats rival Peronist economy minister Sergio Massa with nearly 56% of the votes.
00:17 Mele pledges economic shock therapy, with plans including shutting the central bank,
00:22 ditching the peso, and slashing spending.
00:24 Some Argentines characterize the vote as a choice of the lesser evil.
00:28 The election spitted Mele and his painful economic medicine versus anger at Massa and
00:33 his Peronist party for an economic crisis that left Argentina in debt.
00:37 Mele's win shakes up Argentina's political landscape and economic roadmap, having previously
00:42 criticized China and Brazil.
00:44 He has been quoted as saying he won't deal with communists and favors stronger U.S. ties.
00:49 (upbeat music)
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