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Montevideo, November 29th 2020 - 13:52 UTC

 

 

Transition in Argentina: Macri invites Alberto Fernandez to breakfast Monday morning at Government House

Monday, October 28th 2019 - 09:59 UTC
Full article 12 comments
“I want to congratulate president elect Alberto Fernandez with whom I have just talked”, said Macri from his reelection campaign headquarters “I want to congratulate president elect Alberto Fernandez with whom I have just talked”, said Macri from his reelection campaign headquarters
The winning ticket of Alberto Fernandez and ex president Cristina Fernández managed 48% of the vote while Macri's frustrated reelection bid 41% The winning ticket of Alberto Fernandez and ex president Cristina Fernández managed 48% of the vote while Macri's frustrated reelection bid 41%

Argentine President Mauricio Macri conceded defeat in Sunday's presidential election, congratulating rival Alberto Fernandez on winning the election.

“I want to congratulate president elect Alberto Fernandez with whom I have just talked”, said Macri from his reelection campaign headquarters, adding he had invited his rival for breakfast Monday morning at government house, Casa Rosada.

”We must always put the country's interests above all, and that is what I will be doing from tomorrow (Monday)“, underlined Macri. ”We need an orderly transition and transmit calm to all Argentines; we will keep working from the opposition, an honest, healthy opposition, constructive and responsible“.

The winning ticket of Alberto Fernandez and ex president Cristina Fernandez managed 48% of the vote while Macri's frustrated reelection bid 41%, which anyhow consolidates Macri as head of the opposition particularly since he was able to cut by half the difference of the August PASO primaries

Under Argentine law 45% of valid votes is enough to be elected president or 40% and a ten point difference over the runner up.

The incoming government not only faces a polarized country almost in halves, but also an economy in deep trouble. Since August when the catastrophic primaries for the ruling coalition of business friendly Macri, ”Let's change“, the central bank has lost US$ 22 billion of its reserves in an attempt to keep the Argentine currency from collapsing vis-a-vis the US dollar. Inflation is running at an annualized 50% and GDP has dropped 3.5%.

Besides the new government has to address heavy debt commitments, and will be forced to refinance terms of an IMF accord, plus private creditors. In the domestic front, economic contraction has meant an increase in poverty levels, high unemployment and an overall recession. Rebuilding confidence in the markets and foreign investors becomes crucial.

In his victory speech to militants, Fernandez said that Macri is leaving on 10 December. ”We are going to collaborate and do everything possible so Argentines cease to suffer, hopefully our future opponents are aware of what they have left and are capable of understanding that Argentina needs the effort and commitment of all of us“.

But he also warned of tough times ahead and the need for government and opposition to reach a constructive understanding.

Elected vice-president Cristina Kirchner demanded that president Macri takes all the necessary measures to alleviate the current dramatic situation of Argentines, and ”and looks carefully after the assets of all Argentines”.

Top Comments

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  • pgerman

    If it were not dramatic because of the implications of having irresponsible people ruling the country, we would have to accept the words of M. E. Vidal as those that best fit the facts. Mauricio Macri won his presidency with 34.15% of the votes (in the first round) in 2015. Four years later, in the middle of a necessary, inevitable and painful adjustment plan (that has led to a deficit reduction from 7% to 1.5 %) Macri got 41% of the votes in the first round. Some speak of resounding failure. Others, that he “won't never come back” ..... believing that the story is over. I think Alberto Fernandez is going to need Mauricio Macri a lot, if he has a little intelligence. He won't need the support of Maduro nor Evo Morales but Bolsonaro, Trump, Macron......

    Oct 28th, 2019 - 04:16 pm +2
  • Enrique Massot

    Repeat with me, MP:

    “Argentines defeat Macri after one term in office by giving the F-F ticket a sound victory October 27.”

    That is the main point in the story - breakfast invitations should come far way down.

    Oct 28th, 2019 - 11:28 am 0
  • Trimonde

    I always enjoy reading all the headlines on the Internet and then coming to see the spin MercoPress gives the same title. Never disappointing, plus always enjoyable to see what they are looking to achieve through it.

    Oct 28th, 2019 - 11:46 am 0
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