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Peronism is back in Argentina: Alberto Fernández assumes as President

Tuesday, December 10th 2019 - 11:30 UTC
Full article 14 comments
Fernández will find a weakened economic situation for two consecutive years of GDP falling. Fernández will find a weakened economic situation for two consecutive years of GDP falling.
Once Macri gives the band and the presidential cane to Fernández, the new president will give his first speech as president, written by himself Once Macri gives the band and the presidential cane to Fernández, the new president will give his first speech as president, written by himself
Fernández requested the removal of the fence that served as a barrier between the Plaza de Mayo and the Casa Rosada so that the square serves to “end the divisions and unite Argentina.” Fernández requested the removal of the fence that served as a barrier between the Plaza de Mayo and the Casa Rosada so that the square serves to “end the divisions and unite Argentina.”

Peronism will return to power in Argentina from Tuesday. The political force will do it in the hands of the elected President, Alberto Fernández, who will go to the Casa Rosada, the presidential headquarters, at noon after presenting the oath in the Congress to the outgoing vice president, Gabriela Michetti

Fernández's formula partner, Cristina Fernandez de Kirchner, will be the first to assume the position of vice president starting at 11:30 in Buenos Aires, replacing Michetti, who will preside today at the Legislative Assembly. It will be Michetti herself who will be in charge of Alberto's oath, despite Fernandez de Kircher's intention to do it herself. This was resolved by agreeing to respect article 93 of the National Constitution, which indicates that whoever presides over the Legislature is the one who takes the oath to the new leaders.

However, not everything is a party for the incoming president with the departure of Mauricio Macri, the first non-Peronist president who manages to finish a term.

Fernández will find a weakened economic situation for two consecutive years of falling GDP (ECLAC estimates -3% for 2019, the worst in the region after Venezuela and Nicaragua) and arise in poverty to 40.8%, the highest figure in almost 20 years.

The new president will rush the declaration of the “economic emergency”, a formula that will allow him to make structural changes by decree, without going through Congress. To fight

against inflation, he will call for a great agreement in which trade unionists and businessmen. The former, to moderate their wage demands and price rises, the latter.

Once Macri gives the band and the presidential cane to Fernández, the new president will give his first speech as president of Argentina, written by himself, according to Infobae. It is expected that in his speech he will provide hard data that victimizes his government by the fiscal and economic burden inherited from the Macri administration.

This is due to the payment of the debt from 2020. The “inheritance M” will be the letter to show to justify the mantra that is repeated at this time among incoming officials: that all due dates cannot be met. Just to apply this is what Martín Guzmán has in mind, who will assume as Minister of Economy: extension of payment terms of capital, two years of grace for interests and closing of the entire process in March 2020.

Fernández requested the removal of the fence that served as a dividing barrier between the Plaza de Mayo and the Casa Rosada since the revolts of 2001 so that the square serves as a symbol to “end the divisions and unite Argentina”.

In a 40-minute video, Macri said goodbye on Thursday with a very optimistic balance of his management. In the video uploaded to his Facebook, he limited self-criticism to economic performance and described what he considers the successes of his management: the integration of Argentina into the world, stronger institutions, a more independent justice, energy improvement and reliable official statistics.

As vice president, Cristina Fernández de Kirchner will be leading the Senate. Kirchner has already woven a network of supports that will allow her to control the Upper House without problems. Her son, Deputy Máximo Kirchner, will lead the official bloc in the Lower House.

The last public act of the outgoing president before the delivery of command was Sunday in Luján, interior of the Buenos Aires province. He participated in a Catholic mass for peace celebrated where Macri and Fernández embraced without passion, after four months of tensions in the transition.

Categories: Economy, Politics, Argentina.

Top Comments

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  • Tarquin Fin

    These new times will be fascinating as long as Cristina lets Alberto lead an honest administration.

    I've seen and heard the man today, his attitude mostly, and I'm really confident that he will start to solve our problems.

    Dec 10th, 2019 - 09:47 pm 0
  • Tarquin Fin

    Great day indeed!

    But you guys are not even close to grasp what the endgame is all about.

    Enjoy your 15 minutes while you can. Mark my words. Notebooks come and go. There's at least one yet uncovered piece. It is “D” notebook.

    Lady K will become isolated. The rest will be fun.

    Your high is so endearing. Alberto will finally win. With a little help from the friends.

    Dec 11th, 2019 - 02:53 am 0
  • pgerman

    Enrique, it doesn't take much inspiration to realize that Alberto Fernandez was “left alone” in this ceremony by the leaders of the World. Clearly, they doubt their intentions and, as they say in Argentina, ”they took (prudent) distance“ from the ”zero minute”. You have not commented on the absence of Heads of State of First World nations. Moreover, the US delegation withdrew upon the presence of an illegal delegation from the dictatorship of Venezuela.

    M. Macri obtained 41% of the votes in 2019 that imply a 6/7% increase in voters over the 2015 election. After four very hard years of an inevitable adjustment he has managed to increase his votes. Peronism won simply because it was presented together with the elections. The flow of votes of Peronism (united) did not increase between 2015 and 2019.

    Unfortunately, because of Alberto Fernandez's economic expressions, I don't see any chance of success for this new government. Starting with the real possibilities of suspending the payment of the external debt (so that another government cancels it as the Peronists have always done irresponsibly). Clearly, there is NO chance of economic success in this new government.

    Dec 11th, 2019 - 01:53 pm 0
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