Argentina's next government will have to cut spending and stop printing pesos to get the inflation-wrecked economy back on track, executives and other members of the country's business community told Reuters.
The three leading candidates are each running on their own remedy for the ailing economy: radical libertarian Javier Milei's dollarization proposal; a bi-monetary system proposed by conservative Patricia Bullrich; and ruling party candidate Sergio Massa's plan to stick with the peso.
"We Argentines must stop arguing about obvious things like public spending," said Javier Goni, CEO of agribusiness company Ledesma. He said cutting state spending is a must. "Currency controls have taken away our ability to pursue new investments," said a steel firm executive who asked not to be named.The election is playing out as the government struggles to service its $44 billion loan with the International Monetary Fund.
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