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FILE PHOTO: Brazilian president Lula da Silva hugging Ursula von der Leyen the President of the European Commission at the 3rd EU-CELAC Summit in Brussels, Belgium on 17 July 2023.

Nicolas Economou/NurPhoto via Reuters

EU and Mercosur near trade deal (at last)

It has been a long four years since the free trade deal between Brussels and Latin America’s largest trade bloc was agreed in principle, but all sides now, finally, look close to signing on the dotted line.

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Argentina's economy will get a lot worse before it gets better
Argentina's economy will get a lot worse before it gets better | World In: 60 | GZERO Media

Argentina's economy will get a lot worse before it gets better

Ian Bremmer shares his insights on global politics this week on World In :60.

Will Israel and Hamas finally reach a hostage deal?

We keep hearing about this deal. We're now saying it's imminent, but imminent doesn't mean announced. And, you know, things can go wrong at the last minute still, where the details make it seem like this is going to happen. And what that means is not only we're going to see at least a few dozen Israeli women and children released and some Palestinians, also mostly women, it looks like, released as well from Israel, but that you'll get a temporary ceasefire in three days, five days, and maybe that leads to more diplomacy. It doesn't lead to Israel no longer attacking Hamas. Let's be clear. It's not an actual ceasefire, but it creates more space for people to be talking, especially talking with the Israelis, major leaders in the region. That is something we'll be watching very closely.

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Candidate Javier Milei greets his supporters as he arrives at the school where he votes, in Buenos Aires, Argentina, on Nov. 19, 2023.

REUTERS/Agustin Marcarian

Milei’s victory plunges Argentina into uncharted waters

Far-right libertarian Javier Milei is set to become president of Argentina after defeating Economy Minister Sergio Massa in Sunday’s runoff election. With over 90% of the ballots counted, Milei leads the vote count 56% to 44%, and Massa has conceded defeat.

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An Argentinian flag waves outside the Casa Rosada Presidential Palace ahead of the November 19 runoff election, in Buenos Aires, Argentina November 15, 2023.

REUTERS/Agustin Marcarian

It’s gonna be a nail-biter in Argentina

Would you promote an economy minister to be president if he’d delivered 140% inflation? You might if the other option was “shock therapy.” That’s the choice facing Argentines this Sunday as they vote in a runoff election between Sergio Massa, the economy minister of the ruling party, and libertarian wildcard candidate Javier Millei, who wants to “blow up” the country’s political lethargy.

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Argentine Economy Minister Sergio Massa leads in Sunday's first-round elections.


Peronists stage surprise comeback in Argentina

Argentina came closer to electing a new president on Sunday. In the first round of run-off elections, Peronist Economy Minister Sergio Massa defied expectations, clinching 36.7% of the vote to finish ahead of populist firebrand Javier Milei’s 30% and conservative candidate Patricia Bullrich’s 23.8%, with most ballots counted. The top two contenders will face off in a final round of voting on Nov. 19.

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Supporters of Argentina's presidential candidate Patricia Bullrich of Juntos por el Cambio party attend the closing event of her electoral campaign ahead of the October 22 general election, in Buenos Aires, Argentina October 19, 2023.

REUTERS/Martin Cossarini

Argentina’s wild presidential election

Argentines will vote on Sunday in the country’s most unpredictable, topsy-turvy election in recent memory.

The leading candidate is shaggy-haired firebrand Javier Milei, a social-media-savvy political outsider who describes himself as an “anarcho-capitalist.” Milei wants to radically shrink the government, adopt the US dollar, and ban sex education.

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Argentinian presidential candidate Javier Milei attends a news conference in Buenos Aires, Argentina, on Oct. 11, 2023.

REUTERS/Agustín Marcarian

Who the heck is Javier Milei?

Perhaps you’ve heard about Argentina’s new presidential frontrunner. His name is Javier Milei, and his raucous political rallies feature him as a ranting, raving, rock star who wants to “blow up” the country’s political lethargy.

His charisma approaches the level of Donald Trump, a leader he says he admires. He wants to make the US dollar Argentina’s legal currency, close down the country’s central bank, and legalize the sale of human organs without government interference. He has argued that sex education in Argentina’s schools is part of an elite plot to destroy the traditional family.

Milei’s campaign style suggests he’s usually the last to leave the karaoke bar.

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Francisco M. C. de Oliveira

Viewpoint: Deepening crisis in Argentina bolsters Milei’s presidential prospects

Outsider candidate Javier Milei is consolidating his position as the frontrunner ahead of Argentina’s Oct. 22 presidential election even as investor concerns about his policy promises exacerbate the country’s financial turmoil. Milei’s surprising first-place finish in the recent primaries has prompted a currency sell-off that is fueling price pressures in an economy where inflation is already running above 100%.

Economy Minister and ruling party candidate Sergio Massa has called for the formation of an anti-Milei coalition while announcing pre-election giveaways that are likely to further fuel inflation. In a sign of mounting hardships, there have been outbreaks of looting at stores across the country.

Yet the more economic conditions deteriorate, the more appealing voters will find Milei’s promises for radical change, according to Eurasia Group expert Luciano Sigalov. We asked him to explain.

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