Malta Independent

Country could take another sharp political turn in vote

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Argentina could take another sharp political turn in Sunday's presidenti­al elections, with center-left Peronist candidate Alberto Fernández favored to oust conservati­ve incumbent Mauricio Macri amid growing frustratio­n over the country's economic crisis. Macri was elected president in 2015 as Argentines rejected a successor chosen by former President Cristina Fernández, who is now running as vice president on the Peronist ticket with Alberto Fernández. The two are not related. A victory by the Fernández ticket would mark another political swing in South America, which has seen conservati­ve government­s elected in Brazil, Colombia and Chile in recent years. Cristina Fernández was considered part of the "pink tide" of leftist government­s that arose in the region in the 1990s and 2000s. Now the region is being rocked by unrest in Chile, Bolivia, Peru and Ecuador fueled by discontent over corruption, inequality and slowing growth. Poverty under Macri has soared, the value of the local currency has sharply depreciate­d and the inflation rate remains among the highest in the world. Frustratio­n over the economy has eroded support for the pro-business former mayor of Buenos Aires. It has also propelled the candidacy of Alberto Fernández, whose surge has sent jitters in the financial markets over a possible return to interventi­onist polices of Cristina Fernández's 2007-2015 administra­tion. Macri's camp has tried to capitalize on that unease, portraying her as a puppet master waiting in the wings. But the presidenti­al candidate has dismissed those fears and voters gave him a decisive victory over Macri in August primaries, which are a barometer of support for candidates ahead of the presidenti­al election. "I don't see a conflict there," Alberto Fernández said recently in an interview with The Associated Press. "Argentina's problem is not Cristina. It's what Macri has left behind." Fernández served as chief of staff from 2003 to 2007 for Cristina Fernández's predecesso­r and late husband, Néstor Kirchner. He remained in the position during a portion of her term as president but left after a conflict with farmers in 2008. Peronism is a broad and splintered political movement that many Argentines claim some allegiance to. On the election trail, Fernández has criticized Macri's decision to seek a record $56 billion bailout from the Internatio­nal Monetary Fund, a deeply unpopular institutio­n in Argentina that is blamed for creating the conditions that led to the country's worst economic meltdown in 2001.

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