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Monday 24 October 2011

Easy re-election of the outgoing president, Cristina Fernandez in Argentina

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Past President Cristina Fernandez was comfortably re-elected Sunday in Argentina, driven by the success of its economic policy, his strong character and compassion that has attracted the death of her husband.



After counting in 96% of polling stations, the "Reina Cristina" (Queen Christina) topped the first round with nearly 54% of the vote, 36 points'avance of his nearest rival, the Socialist Hermes Binner.
No leader of Argentina has reached such a score from Juan Domingo Peron, who won in 1973 with 62% of the vote. 
To be elected in the first round, it must meet 45% of the votes or 40% with a lead of at least 10 points.
At 58, the outgoing president has managed a dramatic turnaround after seeing his popularity plummet at the beginning of his first term.
She goes reinforced this election to continue its interventionist economic policy, which pleases a majority of the population but unhappy investors.
In the evening, tens of thousands of his supporters gathered in central Buenos Aires to celebrate the victory of their champion in a sea of ​​blue and white flags.
"If one of us had said two years ago that such a thing is possible, we have treated the insane," he told the president re-elected, tears in her eyes, the crowd gathered in the Plaza de Mayo in front of the Casa Rosada, seat of executive power. "You can count on me to pursue this project to improve the lives of 40 million Argentines," she said, while his supporters chanted his name and that of her late husband.
"There are still many things to do, but anyone who has seen this country before 2003 may be aware of all the progress we have made," she added.
"They (the Argentine authorities) have made good and bad things (...). But what is important is that for the first time there is a plan for (direct) relation to the country of Argentina any class, "Malena Juanatey judge, aged 25, who works in film and who joined the rally for the president in the center of the city portègne.
Cristina Fernandez won his countrymen with a generous policy of social redistribution, especially for retirees and family benefits.
Speaking briefly to reporters at the time of his vote in the province of Santa Cruz, she defended his economic policies in times of global crisis: "When we see what is happening in the world, be proud of Argentina. "
MOURNING
A few months after taking the reins of the third largest economy in Latin America (after Mexico and Brazil) in December 2007, Cristina Fernandez has faced the wrath of farmers in a showdown for the increase in export taxes soy that made his popularity plummet to 20%.
Many thought then that the days of "Kirchnérisme" latest manifestation of Peronism, were numbered. Especially a severe defeat in the midterm elections he lost control of Congress.
On the death of her husband in October 2010, rumors even said Cristina Fernandez about to leave politics. Nestor Kirchner, his predecessor at the Casa Rosada, the residence of the President of Argentina, was his chief political adviser, and for many, the real leader of the country.
But it was difficult to know the strong temperament of this lawyer originally from Patagonia, the southernmost province of the country. The popularity of "Viuda" (the widow) rebounded after the funeral of her husband, who shocked the country.
Cristina Fernandez, who is still mourning, impressed by his stature and courage.
INFLATION
It should also investigate the reasons for popular support high side of the economy - growth will reach 8% this year, unemployment is at its lowest level in twenty years, consumer confidence at an all time high - and divisions of the opposition.
Cristina Fernandez uses an interventionist policy - price controls, agricultural quotas, debt financing for a portion of the reserves of the central bank - which earned him the animosity of the financial markets.
But the presence of the state in economic life reassures some of the Argentines, still traumatized by the "bankruptcy" of the country in the years 2001-2002, after years of frenzied liberal as in the presidency of Carlos Menem.
The main criticisms of his detractors are its governance and high inflation, which reach more than 25% according to some economists. A fall in soybean, "green gold" of Argentina, or a slower growth in Brazil could also undermine the foundations of "kirchnérisme".

Reuters

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