Argentina country risk hits yearly high of 650; Milei blames global turmoil

Argentina's country risk index rose to 650 points, a yearly high, contradicting President Milei's earlier promise that it would 'crash'. Milei attributes the rise to 'international convulsions', but the increase suggests persistent market skepticism about Argentina's creditworthiness. The development matters as it signals deteriorating investor confidence in Argentina's fiscal and reform trajectory.