00:00Argentina President Javier Milley faced a crucial midterm test on Sunday night, and he blew it out of the water.
00:10After a crushing defeat by 14 points in a vocal vote last month, investors were losing faith in Milley's free market experiment.
00:18Even Donald Trump extended a $20 billion lifeline to the crisis-prone nation.
00:23Milley turned it around with 41% of total votes, far more than even the most bullish pollsters were predicting, and 9 points above the opposition.
00:34Argentina bonds and stocks soared in response, with benchmark dollar notes up more than 13 cents.
00:41This doesn't mean things will be easy.
00:44With over a third of the lower half secured, but still far short of a simple majority,
00:48the brash libertarian is going to have to sit down with all the moderates he once called traitors to pass lasting reforms and generate growth.
00:58That is, a tax reform, a labor reform, and a pension reform.
01:03All of these are key to ensure he has a chance at re-election in 2027.
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