Argentina’s President Mauricio Macri Concedes Election to Peronist Rival Alberto Fernández – The Wall Street Journal, The Wall Street Journal

BUENOS AIRES — Argentina’s once-disgraced nationalist Peronist movement was voted back into power on Sunday as voters grappling with an economic crisis rejected President Mauricio Macri’s austerity policies, ending the country experiment with policies Wall Street had supported. )

Alberto Fernández, a Peronist veteran, got 47. 5% support in a vote that has far-reaching consequences for international creditors and the future of a South American trade agreement with the European Union. Mr. Macri conceded the race and congratulated …