The immediate reaction of the international press to the election Sunday of arch-libertarian Javier Milei as president of Argentina was to focus on some of the more dramatic promises of the politician nicknamed El Loco (The Madman).

These have included changing the currency of Argentina from the peso to the U.S. dollar, abolishing the Central Bank of Argentina, and slashing the number of state ministries from the current 18 to a more manageable eight.

But with inflation at more than 140 % and an estimated 40% of Argentinians living below the poverty level, it was clear that voters would take a drastic turn in an election in which more than 76% of those eligible went to the polls.

Read more at Newsmax© 2023 Newsmax. All rights reserved.