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After Buenos Aires Rout, Milei Sticks to Fiscal Plan as Advisers Urge ‘Firefighter’ Market Tactics

Analysts say the selloff calls for emergency responses without shifting the fiscal-balance goal.

Overview

  • Economist Juan Carlos de Pablo argued the government should keep operating under a “firefighters” approach that tackles market flare-ups case by case.
  • De Pablo said Javier Milei’s policy centered on fiscal equilibrium “does not move,” despite the political setback in Buenos Aires province.
  • He characterized the post-election trading as panic selling of stocks and dollars, with buyers demanding steep discounts.
  • Political analyst Jorge “Turco” Asís attributed the defeat to campaign mistakes, citing the crypto token episode and controversial remarks, and he pointed to Axel Kicillof as a key foil and Martín Llaryora as an emerging national figure.
  • Consultant Federico González urged the Peronist opposition to go on the offensive and asserted that Milei is already losing decisively, framing a larger October defeat as likely.