Argentine primary winner, Alberto Fernandez is like the Russian mamushka doll, “you open it and out pops Cristina Fernandez, again you open it and out pops Lula, and again, Hugo Chavez”, said Brazilian foreign minister Ernesto Araújo.
Opposition candidate, Alberto Fernandez, said that Argentina would struggle under present conditions to repay a loan to the International Monetary Fund and he would seek to renegotiate the repayment terms, according to an interview published on Sunday by the newspaper Clarin.
Brazil will pull out of the Mercosur trade bloc if the opposition party wins Argentina’s presidential elections later this year and closes the economy with protectionist policies, Brazil’s Economy Minister Paulo Guedes said on Thursday.
Presidential candidate Alberto Fernández pulled off a resounding victory in Argentina’s primary elections last Sunday when he received 47% of the vote. Argentine President Mauricio Macri, a conservative leader known for tough austerity measures, received just 33% of the vote.
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.
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.
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.
Argentina's opposition presidential candidate Alberto Fernández took distance from her mentor and vice president companion, Cristina Fernandez, saying that the food situation in Venezuela is under no means comparable to Argentina.