Argentine executives pitch fiscal discipline as election hits home stretch

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 country holds its presidential election on Oct. 22 amid triple-digit inflation, a dramatic erosion of the peso currency, and with two in five people living in poverty. 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.