Transition in Argentina: Macri invites Alberto Fernandez to breakfast Monday morning at Government House
The victory of Alberto Fernández’s presidential campaign puts an end to the pro-business economic policies of Macri’s administration and a return to power of the ex-president Cristina Fernández Cristina Fernández served as president from 2007 to 2015. By the time she left office, she was entangled in a string of court cases involving accusations of bribery, money laundering, treason, corruption and allegations that she had helped cover up Iran’s involvement in a terrorist bombing that prosecutor…
Argentina’s economy is collapsing. Here come the Peronists, again
The peso is falling — and so, it seems, is the sky. Inflation and poverty rates are soaring. National reserves are shrinking fast. In short, Argentina — in a terrible deja vu of crises past — is hurtling once again toward the economic abyss. But on the bar stools and wooden chairs of Santa Evita, a grill house dedicated to Eva “Evita” Perón, the political heroine who died a Broadway-worthy death in 1952, the customers are retranqui, Argentine slang for cool and…
Argentina: Outlook darkens as Peronist chances grow
Argentina’s economic outlook has deteriorated notably since August’s LatinFocus edition. The primary elections on 11 August revealed that President Mauricio Macri is trailing in a very distant second place in the run-up to the October elections, shocking market analysts and sparking a huge and destabilizing capital flight in turn. The drastic change in political landscape and unfolding market turmoil has significantly affected the country’s outlook, particularly for next year. Now, GDP is seen contracting…
Argentina’s political leadership not facing up to the urgent economic realities
Argentina went to the polls on Sunday to choose the candidates in the presidential election to be held on October 27. However, there were no competing candidates as all the main parties only presented one option. President Mauricio Macri, who intends to run for a second term, was expecting to finish neck-and-neck with the Peronist opposition leader Alberto Fernández. He was not even close. Fernandez won the primary by a large margin (47 per cent to 32 per cent), enough to secure the presidency in October (45…
Macri cruelly bashed in the Primary elections as Argentines back a return to the past
The preliminary results from voting at the weekend suggest the conservative Macri will face an uphill battle going into general elections in October, marking a sharp turnaround from just under four years ago when the country’s left-leaning era appeared to be coming to a definitive end. With 88 per cent of polling stations tallied on Monday, official results gave the presidential slate headed by Alberto Fernandez and his vice-presidential running mate, Cristina Fernandez, about 47 per cent of the votes.…
Things are looking up for President Macri chances of reelection in Argentina
The Kirchnerite ‘project,’ insofar as one exists, is almost entirely negative. Macri’s may be unappealing, but at least it is positive. It is still far too early for them to start uncorking the champagne bottles and inflating hundreds of yellow balloons, but Mauricio Macri and his teammates clearly think their chances of winning the fast approaching general elections are growing by the minute. Thanks largely to US president Donald Trump and the outgoing managing director of the International Monetary…
Argentina’s economy lifting out of recession: activity rises in May for the first time in a year
Argentina’s economic activity rose for the first time in over a year in May, a rare boost for President Mauricio Macri as he looks to dig the South American country out of a crippling recession ahead of presidential elections later this year. The 2.6% rise versus the same month a year ago topped even the most optimistic estimates from analysts and broke a run of 12 consecutive months of falling economic activity. The monthly growth will come as welcome news for Macri, whose popularity has taken a pounding…
What Washington and Wall Street really think about Argentina and Macri
However, if the FernándezFernández ticket takes a six to seven percentage point lead over the Macri-Pichetto duo in the August PASO primaries, investors will run for the hills. s fragile as ever, Argentina’s economy has stumbled into some respite as of late, an issue that is being closely followed in the United States. While the fate of the second-largest economy in South America isn’t all that important for Donald Trump, he understands the importance of guaranteeing a second term for his personal friend…
President Macri stuns Argentina and the markets with his vice presidential candidate, a respected leader of the opposition in Congress
Senator Miguel Angel Pichetto, who currently serves as president of Argentina’s Senate, has been all his life a member of the hegemonic Peronism movement President Mauricio Macri stunned Argentines and markets on Tuesday by naming the head of the congressional opposition as his vice-presidential candidate in October’s general election. Miguel Angel Pichetto, a 68-year-old lawyer and Senator from the province of Rio Negro has been a loyal and pragmatic member of the Peronist movement since he started…
Profiling María Eugenia Vidal Buenos Aires Provincial Governor in 2019 election
María Eugenia Vidal has been the Governor of Buenos Aires Province for the past 3 years. Comparing these three years with what was done in the 28 years of uninterrupted Peronist Rule in the province makes her long list of achievements more than impressive: 700,000 homes with new sewers, one million more people with potable water, 1,800 completed works and 1,100 in execution, the resurfacing of 22 routes in 41 municipalities, 25 State offices in vulnerable neighbourhoods, almost all hospitals renewed, internet…
Argentine Debt: the next government will face the maturity of USD 60 Billion
Whoever wins the elections in October 2019 will need to go to the debt market to refinance current loans that are maturing. Advisors estimate that they will need to renegotiate these maturities with the International Monetary Fund Referred by many to as the lost decade of the Kirchner inheritance, which the current Government of Cambiemos has had to work to disarm the poisoned chalice of a previously controlled exchange rate, widespread subsidies, hyperinflation and various obstacles to normal international…
♚ Argentina’s Kirchner Presidential Favourite to win has already lost ?
President Cristina Fernández de Kirchner tried to pick her successor hoping a weak candidate would allow her to return in triumph in four years time. However, things went badly sideways. It seemed like a winning game plan at the time. Daniel Scioli, the presidential candidate for Argentina’s ruling party, promised voters a continuation of the outgoing government’s leftist policies, with a few tweaks to lure back those who’d drifted away over its 12 years in power. Many pollsters predicted Scioli to…
Who Will Win Argentina’s Presidential Election? And Who Will Benefit?
On Nov. 22, Argentines will go to the polls to elect a new president. It’s a watershed moment for the country, as the late Néstor Kirchner and then his wife, Cristina Fernández de Kirchner, have held the president’s office for 12 years — long and arduous years for the Argentina people. During their back-to-back tenures, Argentina has experienced recession, high bouts of inflation, disputes with creditors and fiscal deficits. In 2009 it was downgraded from an emerging market to a frontier…
