Argentine election

[4N Profile]

Surprise result, not so much the winner but certainly the margin. The Peronists could return to power.

President Mauricio Macri lost Argentina’s key primary vote by a landslide on Sunday, foreshadowing a defeat of his market-friendly policies in the upcoming October election.

With 88% of ballots counted, Alberto Fernandez, the opposition candidate who has former President Cristina Kirchner as his running mate, had 47% of votes versus 32% for Macri. If that result stands in October, Fernandez would win the presidency outright.

“This election is over, there’s no way the government can overcome this,” said Lucas Romero, director of polling firm Synopsis.

https://news.yahoo.com/argentines-vote- ... 00835.html

[Thomas Profile]

what are the consequence of a return to power for the old administration?

[4N Profile]

It would shift power in South America to the left and probably lead to a confrontation with the IMF.