Argentina country risk rises; Milei's political bridges burned as electoral cycles outpace economic reforms

Argentina's government blames rising country risk on external factors and the possible return of Kirchnerism, but analysis suggests the core issue is political: electoral cycles are shorter than the economic program's timeline, and President Milei has alienated potential allies needed to sustain reforms. The development signals growing market skepticism about policy durability, though the immediate trigger remains contested.

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