Fernández’s Rise in Argentina: Bloomberg

Alberto Fernández’s began planning to run as Argentina’s president early in 2018 when current President Mauricio Macri was still popular and the economy showed signs of recovery. He set out to unite splintered Peronists who favor workers over business owners and reconcile with former President Cristina Fernández de Kirchner as his deputy. Fernández had resigned from her cabinet after she tried to hike export tariffs. Now, he is expected to win the October 27 election, and investors and creditors express concern about Kirchner’s populist influence. “During her eight-year tenure, she implemented currency controls, kept the country in default and faked economic data, cutting Argentina off from global markets. With those memories still fresh, the peso plunged 26 percent in August after Fernández’s primary victory and sovereign bonds suffered a historic collapse,” reports Bloomberg. Fernández, described as a leftist, has long worked in politics but never held office. Analysts suggest Fernández may be more moderate than expected amid promises to increase wages, reduce interest rates, ease inflation and renegotiate Argentina’s debt. UPDATE: Fernandez won the election. – YaleGlobal

Fernández's Rise in Argentina: Bloomberg

Alberto Fernandez spent his political career as the man behind the scenes, and now he’s on the brink of winning power.
Patrick Gillespie and Jorgelina do Rosario
Friday, October 25, 2019

Read the article from Bloomberg about Argentina’s presidential race and newcomer Alberto Fernández.

 Venezuela (68) 28 million


Most members of the Mercosur trade block lean right (Source; Mercosur, World Bank and IMF)

Read the article from Buenos Aires Times about Brazil’s president threatening to impose sanctions on Argentina if the new president balks on lowering trade tariffs or backs out of trade agreements made by the Mercosur group.

Also read the article from Global Risk Insights about risks and challenges for the Europe Mercosur Free Trade Agreement, approved in 2019 and yet to be ratified.

Fernandez is named thewinner.

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