Life just got a whole lot tougher for Argentina’s Mauricio Macri a week after his shock primary-election defeat sent markets into a tailspin.
The embattled president is suddenly grappling with the resignation of his economy minister and a double downgrade to the nation’s debt. Meanwhile, his opponent Alberto Fernandez, now favorite to win the presidency on Oct. 27, is calling on Macri to renegotiate the terms of a record $56 billion credit line with the International Monetary Fund.