Argentina's president Mauricio Macri vowed on Monday to win a second term despite a surprisingly strong performance by the opposition in the primary election that set off a shockwave through markets, crashing the peso currency and sending stocks and bonds tumbling.
Conservative president Jair Bolsonaro warned on Monday that Brazil could see a wave of migrants fleeing Argentina if a presidential election in that country returns leftist politicians to power, after their strong showing in a Sunday primary vote.
Argentina's currency collapsed 30.3% to a record 65 Pesos to the US dollar while government bonds sold off steeply on Monday after the country’s market-friendly, President Mauricio Macri, performed worse than expected in Sunday primary elections.
The electoral roll for Sunday's primary election in Argentina included four names with Falkland Islands' addresses, according to reports in the Argentina media.
President Mauricio Macri suffered a crushing defeat as Argentines voted in party primaries on Sunday ahead of October's general election. Given that all of the recession-hit country's major parties have already chosen their presidential candidates, the primaries effectively served as a nationwide pre-election opinion poll.
Argentines are facing what is probably the tightest presidential race since the return of the country’s democracy in 1983 with conservative President Mauricio Macri facing an opposition ticket including ex-President Cristina Fernández, and the primary elections Sunday are expected to provide a hint of who might win October’s vote.
Ahead of Sunday's primaries' mandatory vote, The Economist published the following on Argentine president Macri's chances of reelection, in what seems a very tight competition with Kirchnerism.
Argentina’s election primary on Sunday will determine President Mauricio Macri’s chances of winning a second term in October, with the country’s embattled peso currency expected to take a fresh beating next week if the business-friendly does not accomplish as expected.
Public opinion polls in Argentina show a very close, polarized race between President Mauricio Macri and opposition candidate Alberto Fernandez before next Sunday's PASO primaries which are Open, Simultaneous and Mandatory, and most important a clear anticipation of what could happen in October's presidential election.
President Mauricio Macri’s chances of winning Argentina’s election this year are improving as public sentiment climbs and the economy begins to find its footing after a currency crisis, according to Alejandro Catterberg, director of Poliarquia, one of the nation’s top pollsters.