Conservative president-elect Mauricio Macri, fresh from yesterday's run-off election win, promised a 'marvelous' new era was starting for his country, beleaguered by years of economic instability.
    
A former football executive and favorite candidate of big businesses and foreign investors, Macri is expected to be Argentina's most economically liberal leader since the 1990s.
    
"This is a historic day, a change of era which is going to be marvelous," a beaming Macri told cheering supporters after his leftist rival Daniel Scioli conceded defeat.
    
"We cannot waste time on revenge or score-settling," he said late yesterday. Shortly afterwards he swung his hips, dancing Argentine "cumbia" to deafening music.
    
Macri and Scioli fought a tense battle for votes in a country largely weary after 12 years under leftist leader Cristina Kirchner and her predecessor and late husband Nestor Kirchner.
    
Breaking with 12 years of leftist rule, Macri has vowed to ease foreign trade and dollar restrictions.
    
Macri has proposed to immediately lift restrictions on imports and on US dollars. Scioli has warned that would trigger a brutal devaluation of the peso, weakening ordinary Argentines' incomes.

 

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