Argentina markets dip as globetrotter Milei shakes up Cabinet
BUENOS AIRES - Argentina's financial markets dipped on Tuesday after libertarian President Javier Milei, traveling on a U.S. tech tour, shook up his Cabinet, firing his chief of staff and bringing on board the architect of his government's key economic reform package.
"Francos' appointment is a very welcome political opening, he's strong on dialogue, something Posse lacked," a private financial trader at local bank Macro said on Tuesday, citing the need for results on Milei's reforms to boost sentiment.
In radio comments, Francos said he had been tasked with handling the political juggling act needed for the government to push laws through, a challenge as Milei only controls a small minority in Congress and relies on winning over allies.
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