Core Viewpoint - The Argentine government, led by President Javier Milei, is planning to intervene in the foreign exchange market to support the national currency, the peso, amid a political scandal that is shaking investor confidence and could impact the upcoming parliamentary elections [1][2]. Group 1: Government Actions and Economic Measures - The Milei administration has advocated for a free-market economy and has allowed the peso to float within a set range, but recent actions indicate a shift in policy to curb a sell-off in financial markets [1]. - The government has implemented several measures to combat peso depreciation, including liquidity restrictions on banks and offering interest rates as high as 76% to encourage investors to roll over maturing government debt [1]. - Despite these interventions, the peso continued to decline, and bond prices also fell, with the price of Argentine bonds maturing in 2035 dropping nearly 2 cents to 61 cents per dollar, marking the lowest level since April [1]. Group 2: Investor Sentiment and Political Context - Investor confidence is fragile, with many viewing the upcoming election cycle as a referendum on Milei's performance during his first two years in office [2]. - The recent political scandal involving Milei's sister has further eroded public support, and local elections in Buenos Aires province are seen as a critical indicator for the national elections scheduled for October 26 [3][2]. - The local elections have raised concerns about Milei's potential setbacks, as candidates supported by his government performed poorly, finishing fourth in the recent Corrientes provincial elections [2]. Group 3: Market Reactions and Future Outlook - The Argentine Finance Minister, Pablo Quirno, announced that the finance ministry would enter the foreign exchange market to promote liquidity, but this did not prevent the peso from falling by 1.6% on the same day [5]. - There are doubts about the government's ability to increase international reserves before the maturity of dollar-denominated bonds in January, as the finance ministry currently holds $1.7 billion in foreign currency deposits, down nearly $300 million since August 11 [5]. - Market expectations suggest that the government's intervention measures may be temporary, aimed at stabilizing the financial market until after the mid-term elections [6].

因为工资并不能支撑起所谓的"诗与远方"，我只好依靠写文章来获得一些兼职收入。如果觉得文章内容 还算可以，希望您至少能赞赏一元钱。这一元钱对您而言不算什么，不会让您贫穷；对我来说也不算什 么，不会因此突然富有。但它能让我记住您的支持，让我在继续写作的路上更有动力。 第一件事，是他解雇了美联储的一位理事。表面上看，这是因为该理事在获取贷款时涉嫌不当行为；但 业内人士指出，这很可能并非表面理由，而是特朗普在有意削弱美联储独立性的一种政治手段。众所周 知，美联储是美国金融体系的核心机构，其独立性极为重要。然而特朗普似乎始终不理解，作为总统， 为什么有个机构竟然可以不听他的直接指令？在他看来，美国应该像俄罗斯那样，总统就是绝对的核 心，说一不二，政府与金融机构完全由自己掌控。他这种思路，简直就是在试图把美联储这个"独立王 国"一点点掏空，令人担忧。 第二件事，则更加令人震惊。特朗普通过政府的力量强行介入英特尔，要求政府入股约10%的股份，并 自豪地宣称这是"为美国赚了上百亿美元"。他说，有人觉得这样做"可耻"，但他认为这就是"生意"。这 番言论在美国历史上几乎前所未有。美国长期强调自由市场经济，政府通常避免直接干预企业 ...

Core Points - Friedrich Merz has been elected as the new Chancellor of Germany after a rare two rounds of voting, seen as a key figure to revitalize the German economy amid challenges such as economic stagnation, high energy prices, and a declining manufacturing sector [1][5][10] Political Landscape - Merz, born in 1955, has a background in law and has held various political positions, including Member of the European Parliament and Chairman of the CDU/CSU parliamentary group [5] - The recent federal elections saw the CDU/CSU party receiving 28.6% of the votes, making it the largest party in the Bundestag, with Merz as the conservative candidate for Chancellor [5][6] - The coalition government formed between the CDU/CSU and the Social Democratic Party (SPD) faced challenges in negotiations over immigration, taxation, and pension policies, with the far-right Alternative for Germany party excluded from the talks [5][6][7] Election Process - Merz required at least 316 votes to be elected Chancellor; however, he initially received only 310 votes in the first round, indicating dissent within the coalition [6][9] - The second round of voting resulted in Merz securing 325 votes, leading to his election as Chancellor [6][9] Economic Focus - The new government is expected to prioritize economic revitalization, with the CDU/CSU advocating for a free-market approach, including tax cuts to stimulate growth [7][8] - The coalition's differing views on economic policy, particularly between the CDU/CSU and SPD, pose challenges for governance [7][9] Immigration Policy - The new government plans to implement strict immigration policies, including a two-year suspension of family reunification for immigrants and halting federal-level refugee reception programs [10] - Rising anti-immigrant sentiment in Germany, exacerbated by economic downturns and security concerns, has influenced these policy changes [10] International Relations - Analysts express cautious optimism regarding Merz's approach to China, emphasizing the need for Germany to balance economic ties while reducing dependency on the U.S. amid rising tariffs [8][9] - The political shift in Germany is seen as significant, with implications for the country's role in Europe and its economic strategies [8][9]